Review on OAX by Özgün A
The future to be created is already being built
OAX aims to achieve high efficiency, speed and transparency by harmonizing the positive aspects of the central financial system with the decentralized finance system. It is open source and can be developed. It is a governance project of networks.
In OAX project, transactions are carried out through smart contracts. In fact, this project is a crypto money project that provides a gateway between systems.
Some of the features of OAX are;
1) OAX DeFi Parachain: An improved network was created running on Polkadot
2) OAX Layer 2 Protocol: It aims to eliminate transparency, scalability and conflict problems for exchanges running on the blockchain network.
3) OAX Community and Research Group: Continuous development is provided among research groups for the development of the project. This situation is a requirement of the eco system. Funding for these developments is provided through the purchases and sales of the local crypto money project.
As a result; The OAX project creates new alternatives for users who are in search of new in the expanding market.
Pros
- It is aimed to expand the Polkadot network with the L2X algorithm
- The focus is on the prevalence and diversity of DeFi projects
- By addressing key industry challenges, future issues are identified now
Cons
- The transaction volume of the local token is low. For this reason, sufficient funds are not provided for the development of the project
