OAX: how it works, supply and reviews
In short
- Type
- ERC-20 token on Ethereum (contract listed by Etherscan as OpenANX (OAX)).
- Max total supply
- 100,000,000 OAX on the Ethereum contract.
- Risks and caveats
- The foundation says any losses from OAX transactions are the holder's own responsibility.
- Checked
- 1 November 2026
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Key facts
- Ticker
- OAX
- Official site
- oax.org
Key facts checked on 1 November 2026 against official sources.
What is OAX
OAX is the ERC-20 token of the openANX project, run by the Hong Kong-based OAX Foundation. The foundation calls itself a project-driven blockchain foundation; it built a Layer 2 decentralized exchange protocol (L2X) and Polkadot parachain features, and now supports AI and Web3 apps.
Network and consensus
| Parameter | Details |
|---|---|
| Type | ERC-20 token on Ethereum (contract listed by Etherscan as OpenANX (OAX)). |
| BNB Smart Chain | Wrapped BEP-20 OAX launched in April 2021 via Binance Bridge, pegged to the ERC-20 token. |
| Layer 2 protocol | L2X: a trustless, non-custodial Layer 2 exchange protocol with on-chain dispute resolution, released in August 2019. |
Supply and issuance
| Parameter | Details |
|---|---|
| Max total supply | 100,000,000 OAX on the Ethereum contract. |
| Holders | 7,512 addresses hold the ERC-20 token (Etherscan). |
What OAX is used for
- In 2020 the foundation said its Polkadot parachain work aimed to increase utility for the OAX token.
- In 2021 OAX was wrapped as a BEP-20 token to open DeFi opportunities on BNB Smart Chain.
Who develops and governs OAX
- Issuer
- OAX Foundation Limited, Hong Kong.
- Self-description
- A project-driven blockchain foundation that develops open-source software.
- Development partner
- The L2X protocol was built with development partner Enuma Technologies.
- Community
- Official Telegram group with about 10,481 members.
History
| Date | Event |
|---|---|
| 2017 | The OAX Foundation is set up. |
| 12 August 2019 | The foundation releases the code of its Layer 2 Exchange (L2X) protocol. |
| 11 February 2020 | OAX announces a strategic initiative to build a parachain on the Polkadot network. |
| 8 April 2021 | OAX explains its new wrapped BEP-20 token on Binance Smart Chain. |
| 3 January 2023 | OAX launches Notifs, a portfolio tracking app. |
| August 2026 | GMAsia, an AI literacy initiative backed by the foundation, launches. |
Security and audits
- L2X was designed so users do not have to trust the exchange to keep balances or execute orders and can lodge disputes on-chain.
Security incidents
No security incident is recorded in the sources checked on 1 November 2026 (the company’s own channels and incident databases): defillama.com/hacks, hacked.slowmist.io, rekt.news/leaderboard, oax.org/blog, t.me/s/openanxteam
Official OAX contracts
| Network | Contract address |
|---|---|
| Ethereum | 0x701C244b988a513c945973dEFA05de933b23Fe1D |
Risks and caveats
- The foundation says any losses from OAX transactions are the holder's own responsibility.
- The official Telegram channel warns users about scams.
Official links
- Website: www.oax.org
- About: www.oax.org/about
- Resources: www.oax.org/resources
- Blog: www.oax.org/blog
- Ethereum contract (Etherscan): etherscan.io/token/0x701C244b988a513c945973dEFA05de933b23Fe1D
- Telegram: t.me/openanxteam
Questions and answers
What is OAX coin?
OAX is the ERC-20 token of the openANX project, issued by the Hong Kong-based OAX Foundation, with a maximum supply of 100 million on Ethereum.
Is OAX still active?
The OAX Foundation still publishes updates (latest 30 October 2026) and supports projects such as GMAsia and Notifs, but its current website no longer presents the OAX token.
Is there a BEP-20 version of OAX?
Yes. In April 2021 the foundation introduced a wrapped BEP-20 OAX on BNB Smart Chain, pegged to the ERC-20 token.
What is openANX?
openANX was the project's original name; the OAX Foundation built the L2X Layer 2 decentralized exchange protocol, released in August 2019.
Sources
- OAX Foundation - Home
- OAX Foundation - About
- OAX Foundation - Resources
- OAX BEP-20 Token and Working on Binance Smart Chain (2021)
- OAX Foundation releases new exchange protocol (2019)
- OAX Foundation to Build on Polkadot Network (2020)
- OAX Launches Notifs (2023)
- October 2026 Community Updates
- Etherscan - OpenANX (OAX)
- OAX Telegram
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