Bankruptcy claims exchange OPNX has released $OX, governance token that is designed to reduce trading fees. $FLEX holders can convert their tokens for OX at a ratio of 1:100. By oknightcrypto.
Bankruptcy claims exchange OPNX has issued a new governance token dubbed"Open Exchange token" , which is designed to reduce trading fees on the platform.that FLEX can be converted for OX at a ratio of 1:100.
OX is an erc-20 token that has a maximum supply cap of 9.86 billion, at press time around 100 people have either minted or bought the asset, according toOPNX was off to a rough start after going live in April. The exchange was co-founded by CoinFLEX executives and Kyle Davies and Su Zhu; the two people behind defunct hedge fund Three Arrows Capital . 3AC left a massive hole in the crypto ecosystem after it went bust last year.
Similar to exchange tokens like FTT and BNB, which essentially act as a pre-payment of trading fees, OX holders will receive incremental discounts relative to how much trading volume they execute on the platform. The OX token was trading at $0.0115 with a market cap of $7.7 million, based on a calculation using circulating supply figure on the
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