"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
OAX Foundation was created to explore the future of decentralized exchanges and address their four main shortcomings: speed, scalability, interoperability and trust.
Digital asset trading is currently dominated by centralized exchanges, which are both counter-intuitive to the nature of blockchain and vulnerable to hacking.
Existing decentralized exchanges on the other hand, while tailored to the proposition of digital assets, have performance issues deep rooted in their technology.
OAX Foundation's mission is to tackle these issues and in so doing help bring decentralization to the mainstream.
Scroll to view our journey
Where it all began. The idea, the thoughts and the initial proposed solution that started the journey of OAX Foundation.
Ranked as Asia’s biggest token sale during time of launch, with more than USD$18 million raised (more than 24 million OAX tokens!) sold.
Commitment to openness to us means open-source and constant dialogue with the community. Our first Ask Me Anything "AMA" session was hosted by the key development team.
Launch of a new decentralized platform for the trading of digital assets and made available for testing. Refined using Continuous Delivery engineering approach.
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.
A 'token' of our appreciation for all OAX HOLDRs: 5 million OAX tokens worth of thanks!
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!
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.
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.
Our first subReddit AMA. Topics ranging from legal framework, marketing to BD, and joined by our long-term partner, Eunma Technologies.
Machine-learning powered market surveillance partner, Solidus Lab, joins OAX's efforts to address market manipulation across the industry.
Bringing strong governance standards in digital asset trading is instrumental in creating a foundation of trust. Welcoming our new partner, KYC-Chain!
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 us to improve adoption of standards needed for the industry.
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.
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.
Our community keeps growing! They came, they asked and we answered. 110 questions over 24 hours.