Omax
OMAX #4309Project Safety Score: 41%
Updated 44 minutes agoRecord
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OMAX is a community-driven token launched on November 3, 2021, on the Binance network, with plans to transition to its own blockchain, OMX20, which is EVM compatible. The blockchain’s testnet was released on April 3, 2022, achieving 67,000 transactions per second (TPS), with the mainnet scheduled for launch by the end of July 2022. OMAX has a total supply of 10 billion tokens, with 4% already burned as part of a deflationary model that also includes burning 4% of each token during transactions.
The OMAX ecosystem aims to integrate its blockchain with e-commerce platforms, allowing users to make daily purchases using cryptocurrency. It operates on a Proof of Stake consensus mechanism for security and efficiency, supporting smart contracts and protocols. OMAX is headquartered in Dubai, UAE, and its development team is based in Australia and the United Kingdom. An exchange is anticipated to be launched in early 2023.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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