"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 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.


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Timeline

Scroll to view our journey

  1. June 2017
    Whitepaper

    Tech Milestone

    Where it all began. The idea, the thoughts and the initial proposed solution that started the journey of OAX Foundation.


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  2. July 2017
    OAX Token Sale

    Business Milestone

    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.


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  3. Oct 2017
    AMA Session #1

    Business Milestone

    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.


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  4. 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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  5. 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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  6. Jul 2018
    OAX Token Airdrop

    Business Milestone

    A 'token' of our appreciation for all OAX HOLDRs: 5 million OAX tokens worth of thanks!


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  7. 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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  8. 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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  9. 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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  10. 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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  11. 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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  12. 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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  13. 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 us to improve adoption of standards needed for the industry.


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  14. 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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  15. 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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  16. 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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