This page contains everything you need to know about Oxygen (OXY) coin. It explains its creation, how it works, its uses, and provides official links for more information.
What is Oxygen (OXY)?
Oxygen (OXY) is a digital asset designed for decentralized finance (DeFi). It focuses on enhancing financial transactions and services securely and efficiently. Using advanced technology, Oxygen ensures transparency, immutability, and scalability. With a strong emphasis on user privacy and data security, Oxygen aims to transform digital financial transactions.
How Does Oxygen (OXY) Work?
Oxygen (OXY) is a decentralized cryptocurrency that lets users make direct transactions without intermediaries. Built on blockchain, it records all transactions on a public ledger for transparency and security.
Oxygen uses a Proof of Stake mechanism, allowing users to validate transactions and earn rewards based on their token holdings. It supports fast, cost-effective cross-border transactions and is used for online payments, remittances, DeFi applications, and tokenized assets. Oxygen aims to create a more efficient and inclusive financial system, potentially transforming various industries and platforms.
What is the Oxygen (OXY) Price?
Oxygen’s latest price (6/6/24) is $0.047128 (OXY/USD), which is a +447.18% gain in the last 24 hours, with a circulating supply of 40.69M and a market cap of $1.92M USD. The 24-hour trading volume is $395,364.23 USD.
Oxygen (OXY) Price Prediction
Making predictions about the price of Oxygen (OXY) or any cryptocurrency is highly uncertain and speculative. Cryptocurrency markets are known for their volatility, and prices can fluctuate widely over short periods due to various factors such as market sentiment, regulatory changes, technological developments, and broader economic trends.
It’s important to approach price predictions with caution and consider the following points.
Volatility
Market Sentiment
Fundamentals
External Factors
Long-term Potential:
Where to Buy Oxygen (OXY)?
The Binance crypto exchange has not listed the OXY coin yet. However, you can still purchase OXY coin from these top crypto exchanges: Huobi Global, Kucoin, OKX, and Coinbase.
You cannot buy or purchase the OXY coin directly using PayPal or bank cards. The only way to purchase it is by using fiat to buy cryptocurrencies such as USDT, BTC, ETH, or BNB first.
How to Trade Oxygen (OXY)?
Trading Oxygen (OXY) involves several steps, including setting up accounts on exchanges, purchasing the coin, and executing trades.
Here’s the best summary of how to trade Oxygen.
Choose a Crypto Exchange:
Create an Account:
Deposit Funds
Buy OXY
Store Your OXY
Trading OXY
Withdraw Funds
Oxygen (OXY) White Paper
A crypto white paper is a document that contains the technical details, mission, vision, and other relevant information about a new cryptocurrency or blockchain project, such as Introduction, Technical Details, Tokenomics, Use Cases, Roadmap, Team, Legal and Regulatory, and Community and Governance.
You can view the OXY whitepaper from the below
Oxygen (OXY) Coin Tokenomics
The allocation of OXY Coin tokens is designed to support key aspects of the Oxygen Protocol. Forty-five percent (45%) of the tokens are dedicated to the community fund, focusing on community involvement and development. Twenty-five percent (25%) supports product and technology growth to ensure ongoing innovation.
Ten percent (10%) is reserved for the team to recognize their efforts and encourage long-term commitment. Another 10% was distributed through a private sale to engage early investors and stakeholders. Partners receive 8%, promoting collaboration and ecosystem expansion. The Initial Exchange Offering (IEO) accounts for 2% of the tokens, providing public access during the launch phase. This allocation strategy helps foster a strong and sustainable development framework for OXY Coin.
Is Oxygen (OXY) a Good Investment?
According to Binance, Oxygen coin gained +429.64% in the last 24 hours (6/6/24) and has seen a top gain of +282.58% over the past year. However, predicting the performance of any cryptocurrency is inherently uncertain and can lead to significant price fluctuations over short periods. Therefore, investing in crypto carries risks. Crypto investment is known for its potential for high profits but also for its high-risk nature.
It’s crucial to analyze the market, stay updated with current news about the coin, and conduct thorough research before purchasing any cryptocurrency. Recently, we’ve seen coins like Not achieve high gains within a short period, underscoring the volatility and potential of the crypto market.
Oxygen (OXY) Use Cases
You can check Oxygen use cases such as successful borrow/lending trades, successful trade flowcharts, and cancelled lending or borrowing trades from the link below.
Oxygen (OXY) Scam or Real
According to the isthiscoinascam website, OXY coin received a rating of 23%. You can also watch this YouTube video to learn whether OXY token is legit or a scam
Oxygen (OXY) Official Links
Here are the official links related to:
Oxygen (OXY) Team and Partnerships
J.P. Morgan, Goldman Sachs, CME, Bank of America, and Barclays are the core team.
FTX, Alameda Research, Serum, MAPS.ME, Multicoin Capital, Genesis, CoinUnited.io, Blockspaper, Snap Fingers, CMS, Serum Stakers , DAO, Ventures, #Hashed, and #Sino Global Capital are the main partners
Oxygen (OXY) Competitors
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