"Openness, trustlessness and strong governance are the foundations that will enable digital assets to flourish in today’s highly complex and regulated financial world." - Hugh Madden, Co-Founder OAX Foundation

Our Mission


OAX Foundation set out in 2017 with the conviction that decentralized finance and digital assets would be an integral part of the future of mainstream finance and commerce. The Foundation’s deep-seated beliefs for the collaborative nature of decentralized finance has served as a basis of engagement for working with key players in the space to explore and push the potential of technology.

As the space evolves and the market matures to offer comparable options to those looking for alternatives from traditional financial ecosystems, the need to develop the technology and address the limitations of this new industry is imperative to its success. Such was the need to address the four main shortcomings identified by the Foundation: speed, scalability, interoperability and trust.

From decentralized or centralized exchanges, to the days of ICOs and STOs and the budding seeds of DeFi, the exploration of these technologies require pioneers within the space to work together to address these challenges. OAX Foundation strives to provide support within this space, through tools, technology, applications and community support.

Find out more about OAX and the work we’re doing to bring digital assets to the next level.


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Timeline

Scroll to view our journey

  1. June 2018
    DEX Prototype Launch

    Tech Milestone

    Launch of a new decentralized platform for the trading of digital assets and made available for testing. Refined using Continuous Delivery engineering approach.


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  2. Jul 2018
    AMA Session #2

    Business Milestone

    The second AMA was hosted shortly after the launch of the DEX prototype launch, giving the Telegram community an opportunity to speak to the team on the release.


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  3. Dec 2018
    1,000 Transactions per second

    Tech Milestone

    A breakthrough moment for the team in our quest to address speed on DEX platforms. Over 1,000 transactions per second using only a single node server!


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  4. Jan 2019
    DEX hits testnet

    Tech Milestone

    Deployment to the Rinkeby Testnet allowing the OAX team to evaluate the platform's performance in greater detail. Don't forget to check out the video.


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  5. Feb 2019
    OAX DEX Software Development Kit Launched

    Tech Milestone

    Supplementing the release of our DEX platform on testnet, we also released our SDK for community partners, allowing for users to interact with our platform using its built-in command link interface.


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  6. Mar 2019
    AMA Session #3

    Business Milestone

    Our first subReddit AMA. Topics ranging from legal framework, marketing to BD, and joined by our long-term partner, Eunma Technologies.


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  7. Mar 2019
    OAX Solidus Lab Partnership

    Business Milestone

    Machine-learning powered market surveillance partner, Solidus Lab, joins OAX's efforts to address market manipulation across the industry.


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  8. Mar 2019
    OAX - KYC-Chain Partnership

    Business Milestone

    Bringing strong governance standards in digital asset trading is instrumental in creating a foundation of trust. Welcoming our new partner, KYC-Chain!


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  9. Apr 2019
    OAX - Blockpass Partnership

    Business Milestone

    A digital identity application and service that brings control back to the user, fundamental to the era of digital assets and blockchain. Blockpass working together with us to improve adoption of standards needed for the industry.


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  10. Jun 2019
    L2X Protocol Specification

    Tech Milestone

    A new paper, a new milestone. Setting out the technical specifications of the L2X protocol, focusing on four key interactions: clients, the exchange, operators and a mediator smart contract.


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  11. August 2019
    L2X Protocol Launch

    Tech Milestone

    Long-awaited, the source code is open-source and here for everyone. Addressing speed, scalability and trust. By allowing the dispute resolution process to take place on-chain, platform users can settle disputes directly without having to use third-party custodians.


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  12. Sep 2019
    AMA Session #4

    Business Milestone

    Our community keeps growing! They came, they asked and we answered. 110 questions over 24 hours.


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  13. Feb 2020
    OAX-Polkadot Network Strategic Initiative Launched

    Business Milestone

    OAX Foundation announces a strategic initiative to build on the Polkadot Network, opening opportunities for the future with DeFi.


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  14. April 2020
    AMA Session #5

    Business Milestone

    Highlights of our AMA session, focusing on our plans of building a parachain on the Polkadot Network..


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