- OAX slated to deliver a stand-alone DEX by the end of 2018
- Perfect time to buy the altcoin, potential to reach the ATH soon
OAX is one of the lesser known and discussed gems in the crypto world which is a great reason to begin targeting it before the Twitter personalities and “whales” begin their accumulation. OAX is also listed on the highest volume exchange, Binance, which is notorious for solely listing tier 1 projects. What is OAX’s project that impressed Binance enough to list?
According to Wayland Chan who is the Technology Lead of the OAX Foundation, by the end of 2018 OAX will “deliver a stand-alone DEX using the work done building a scalable layer 2 solution.” This very significant event is not listed on cryptocurrency calendar websites nor is it commonly known in the space.
OAX on its Path to Be the Perfect Scalable Solution
What is most impressive about OAX’s decentralized exchange is that they plan to have an “off-chain order book, off chain order execution, as well as no custody of user assets.” OAX is about to be the scalable solution that DEX’s have sought for years. The OAX project is very ambitious but having secured a Binance listing their legitimacy should not be challenged.
The first prototype of the DEX was delivered in June and since the developers have been finalizing the layer 2 solution using off-chain solutions to solve the performance problems of blockchains.
According to OAX’s Technology Lead,
“We’ve made huge strides…and expect to soon announce some big news that will definitely rock the boat.”
There’s Still Time
This year OAX was trading as high as $2.28 having dropped to under $0.30 since. With their platform becoming a reality now is the perfect time to acquire a position. The future of OAX looks very bright. OAX plans to have a layer 2 working prototype by the end of 2018. Their DEX has the potential to revolutionize the exchange community and the scaling difficulties they face.
ICOs were all the craze at the end of 2017, DEXs are becoming the next craze as more regulations occur. With decentralized exchanges becoming the new ‘hot thing’ and the bear market end on the horizon, OAX clearly is an acquire and HODL for traders and investors alike.
OAX is one of the few cryptocurrencies that could re-approach their all-time high, once the crypto community awakens to the significance of their project.
