OX Coin (OX)
OX Coin is the native cryptocurrency of OX.FUN, a next-generation SocialFi perps exchange. This platform is designed to provide users with advanced trading capabilities in the derivatives market, including a wide array of cryptocurrencies and meme tokens. As a central element of the OX.FUN ecosystem, OX Coin plays a crucial role in facilitating transactions and offering various utilities for its users.
Overview of OX.FUN
OX.FUN is a cutting-edge derivatives exchange that enables users to trade over 200 different cryptocurrencies with leverage options of up to 50x. This includes the latest meme tokens, making it a popular choice for traders interested in volatile and high-risk assets. One of the key features of OX.FUN is its support for a diverse range of memecoin collateral, which allows holders to maximize their meme portfolio's potential.
Utility of OX Coin
OX Coin serves multiple functions within the OX.FUN platform, enhancing the user experience and providing various benefits:
- Staking and yield generation: Users can stake OX Coin to earn yield and participate in OX.FUN Vaults.
- Trading collateral: OX Coin is accepted as collateral for trading on the platform, providing flexibility for traders.
- Fee collection: All fees on the OX.FUN exchange are collected in OX Coin, creating a seamless transaction process.
- PnL currency: OX Coin is used as the native profit and loss (PnL) currency on OX.FUN, simplifying accounting for traders.
| Ticker | OX |
| Category | BNB Chain Ecosystem |
| Website | https://ox.fun/en |
| @OXFUNHQ | |
| Telegram | oxfun_real |
| Contract Addresses | |
|---|---|
| ethereum | 0xba...ea Copied! |
| binance-smart-chain | 0xba...eaCopied! |
| solana | 3E...G3Copied! |
| arbitrum-one | 0xba...eaCopied! |
| base | 0xba...eaCopied! |
| polygon-pos | 0xba...eaCopied! |
| blast | 0xba...eaCopied! |
| avalanche | 0xba...eaCopied! |
Understanding OX.FUN Vaults
OX.FUN Vaults offer users the opportunity to engage in passive strategy staking, which allows them to earn yield in various market conditions, whether ranging, upward, or downward trending. The platform also hosts large-scale memecoin trading competitions through its Battle Vaults. These competitions include both multi-participant events involving memecoin developers and one-on-one matches between notable Crypto Twitter personalities, such as the ongoing Su VS Kyle 3AC trading deathmatch. Users can stake in their preferred competitors' vaults, effectively copying their trades and sharing in the prize pools.
The SocialFi aspect of OX.FUN
OX.FUN distinguishes itself as a SocialFi exchange by introducing features like the Alpha Feed, where users can comment on and share their trades. This feature allows other traders to either copy or counter these trades, fostering a dynamic and interactive trading community. The original trader benefits by earning fees from those who copy or counter their trades, while maintaining privacy over their broader account activities. Additionally, the Battle Vaults allow users to engage with social media personalities and memecoin developers, enabling them to copy-trade strategies and partake in prize pools.
OX.FUN referral program
The platform offers a competitive referral program that allows users to earn 30% of their referrals' trading fees. New users referred to the platform benefit from a permanent trading discount, receiving 50% off maker fees and 28% off taker fees, making it an attractive option for both referrers and referees.
Tokenomics of OX Coin
OX Coin was launched on February 15th, 2024, with a maximum supply capped at 9.86 billion tokens. The current circulating supply of OX Coin is publicly verifiable alongside the total and maximum supply figures. To maintain a deflationary model, all trading fees collected on OX.FUN are periodically burned, effectively decreasing the total supply over time. Detailed statistics regarding fee burns and other analytics can be accessed on the OX.FUN Analytics page.
For more information, the official OX.FUN website can be visited at https://ox.fun/en.