1. What is OAX?

Introduction to OAX Tokens

OAX (Open ANX) is a type of token designed to support organizations and enterprises in the token and blockchain space. The OAX Foundation is the entity that supports OAX, claiming that its fundamental purpose is to assist pioneers in the digital asset and blockchain field in developing various alternatives and solutions.

The main goal of OAX is to promote the development and application of tokens and blockchain technology, especially by providing necessary support and resources to enable enterprises and organizations to innovate and grow in this field.

OAX is not just a token; it also represents a community and ecosystem aimed at advancing and applying blockchain technology. By providing support and resources, the OAX Foundation hopes to help businesses and organizations succeed in this area.

2. Who founded OAX?

OAX (OpenANX) is a type of token founded by the OpenANX team. OpenANX is a decentralized trading platform that aims to aggregate buy and sell orders to increase liquidity and reduce credit risks through asset gateways. The platform is overseen by a decentralized autonomous organization (DAO) and has off-chain, predetermined dispute arbitration mechanisms to maximize consumer protection. However, specific information about the founders is not explicitly mentioned in the provided search results.

3. Which venture capital firms have invested in OAX?

According to the provided information, there is no direct mention in the search results about which venture capitals have invested in OAX Tokens (OpenANX). However, here are some relevant investment details regarding tokens:

• Hack VC: Focused on early-stage investments, it has invested in projects such as io.net, Initia, AltLayer, imgnAI, etc., primarily targeting crypto infrastructure.
• a16z: Has invested in blockchain-related projects including Uniswap, Solana, MakerDAO, Dfinity, Chia, covering fields like Web 3.0, stablecoins, exchanges, infrastructure, NFTs, and more.

If you need specific investment information about OAX, it is recommended to conduct further searches or check OAX's official website or related news reports.

4. How does OAX work?

OAX (OpenANX) is an ERC-20 token based on Ethereum, part of the OpenANX project. OpenANX is an open-source, decentralized trading platform aimed at providing a more transparent, secure, and efficient model for digital token trading. Below are the operational principles of OAX Tokens:

1. Decentralized Trading Platform: OpenANX utilizes Ethereum blockchain technology to provide gateway services and bridge secondary decentralized markets for Ethereum ERC20 tokens. These tokens can be native Ethereum tokens or crypto tokens supported by off-chain assets.

2. Payment Channels and Collateral Deposit System: The OpenANX platform utilizes technologies like payment channels to address the challenges of centralized exchange market (CEM) models. It establishes connections between existing trading platforms (asset gateways) and infrastructure networks, reinforcing the collateral deposit system to provide users with risk assessment basis.

3. Open Source and Transparency: OpenANX ensures its transparency through open-source code, allowing users and the public to review and participate. This transparency is achieved by writing all transaction records on the blockchain.

4. Usage of OAX Tokens: OAX tokens are the native tokens of the OAX ecosystem, used for paying transaction fees, serving as staking rewards, and participating in the OAX governance process.

In summary, OAX Tokens provide a decentralized, transparent, and secure trading environment through the OpenANX platform, utilizing Ethereum blockchain technology and open-source code to operate.