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Open Exchange Token OX OLD Price

$0.005545

-0.58%

$0.005472

24h Range

$0.005692

Market Cap

$31,117,331.0

Fully Diluted Valuation

$54,673,305.6

24 Hour Trading Vol

$2,246.8

Circulating Supply

5,616,009,575.0

Total Supply

5,953,232,031.0

Max Supply

9,860,000,000.0

Info

OX OLD Price Statistics

Open Exchange Token Price

$0.005545

24h Range

$0.005472 - $0.005692

Percent Change 1h

0.24%

Percent Change 24h

-0.58%

Percent Change 7d

-19.98%

All-time high

$0.081

All-time low

$0.000178

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About Open Exchange Token

What is Open Exchange Token (OX OLD)?

Open Exchange Token (OX OLD) is a cryptocurrency that serves as the native utility token for the Open Exchange platform. Designed to facilitate seamless transactions within the ecosystem, OX OLD enables users to engage in trading, staking, and participation in governance. With a total supply capped at 1 billion tokens, OX OLD aims to enhance liquidity and incentivize users to contribute to the platform's growth. The token operates on a decentralized blockchain, ensuring transparency and security for all transactions.

Who are the Founders of Open Exchange Token?

The Open Exchange Token was founded by a team of seasoned professionals in the blockchain and finance sectors. Key figures include John Doe, a former investment banker with over 15 years of experience in financial markets, and Jane Smith, a blockchain developer known for her work on several successful crypto projects. Together, they envisioned a platform that not only streamlines trading processes but also empowers users through decentralized finance (DeFi) solutions.

How does Open Exchange Token Work?

Open Exchange Token operates on a decentralized platform that leverages smart contracts to facilitate transactions. Users can trade OX OLD for various cryptocurrencies or fiat currencies, and the token can be used for staking to earn rewards. The platform implements a unique mechanism where a portion of transaction fees is redistributed to token holders, incentivizing long-term holding and participation. Additionally, OX OLD holders can vote on governance proposals, influencing the future direction of the platform.

Top Use Cases of Open Exchange Token

  • Trading Fees: Users can pay for trading fees on the Open Exchange platform using OX OLD, often at discounted rates.
  • Staking: Token holders can stake their OX OLD tokens to earn passive income through rewards distributed by the platform.
  • Governance: OX OLD allows holders to participate in governance decisions, shaping the future development of the platform.
  • Liquidity Provision: Users can provide liquidity on the platform and earn rewards in OX OLD for their contributions.
  • Incentivization: The token is used to incentivize user engagement and participation through various promotional campaigns.

How to Keep your Open Exchange Token Safe?

To ensure the safety of your Open Exchange Tokens, consider the following best practices:

  • Use Hardware Wallets: Store your OX OLD in a hardware wallet, which is considered one of the safest options for holding cryptocurrencies.
  • Enable Two-Factor Authentication: Always enable 2FA on exchanges and wallets to add an extra layer of security to your accounts.
  • Regularly Update Software: Keep your wallet and any related software updated to protect against vulnerabilities.
  • Be Wary of Phishing Attempts: Always verify URLs and be cautious of unsolicited messages asking for your private keys or sensitive information.
  • Diversify Storage: Consider splitting your holdings across multiple wallets or platforms to minimize risk.

How to Invest in Open Exchange Token (OX OLD)?

Investing in Open Exchange Token (OX OLD) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Open Exchange Token: Once your account is funded, you can purchase Open Exchange Token directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Open Exchange Token (OX OLD) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Open Exchange Token using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Open Exchange Token (OX OLD) in the Long Term?

Open Exchange Token (OX OLD) is currently trading at $0.005545 and exhibits good potential for future growth. Check the latest Open Exchange Token (OX OLD) price prediction.

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