- Open Trade (OPNX) has launched a brand new administration token known as OX.
- OPNX native token FLEX is up 16% resulting from current developments.
- Greater than 100 traders have bought or minted the brand new OPNX management token.
Open Trade (OPNX), the chapter claims buying and selling platform began by the founders of the identical unlucky hedge fund Three Arrows Capital, has launched its personal administration token known as the Open Trade token (OX). OPNX’s newest growth has resulted in a whopping 16% enhance within the worth of its native token, FLEX.
In response to a white paper printed by OPNX, the brand new governance token will permit its holders to pay decrease charges when buying and selling on the chapter claims platform. The OX token may also present a reduction to customers collaborating within the administration of the platform. This function was designed to incorporate retailers as “integral OPNX companions”.
OPNX talked about that by paying sufficient OX tokens, merchants might additionally safe free buying and selling ceaselessly. With the brand new token mannequin, OPNX goals to drive extra shares and buying and selling on its newly launched platform. Moreover, all buying and selling payment rebates will likely be paid out to retailers within the type of OX tokens.
In response to OX Tokenomics, the management token could have a most provide of 9.86 billion. The utmost OX provide represents the utmost quantity of OPNX native FLEX token minus the quantity of FLEX tokens burned so far. FLEX tokens may be transformed at a ratio of 1:100 to unloaded OX. Tokenomics offers a 100% low cost to merchants if their paid OX exceeds a proportion of buying and selling quantity.
Etherscan information reveals that on the time of writing, 116 traders have bought or minted the management token. Information from CoinMarketCap reveals that OX debuted at $0.012 earlier in the present day and has since fallen 4% to its present buying and selling worth of $0.011. In the meantime, FLEX is up 16% within the final 24 hours to hit a 4-week excessive of $1.12.
