Omax Coin harnesses the power of blockchain technology to offer a decentralized, open-source Layer 1 platform that's both transparent and high-performing. As the native cryptocurrency of the Omax Chain, Omax Coin facilitates seamless transactions and scalable project development through its interoperability and Ethereum Virtual Machine (EVM) compatibility. With a robust Delegated Proof-of-Stake (DPoS) consensus mechanism, Omax Chain ensures fast, secure, and highly efficient transactions capable of handling up to 100,000 transactions per second (TPS). Dive in to discover how Omax is revolutionizing financial services with its state-of-the-art infrastructure and strategic global presence.
What is Omax?
Omax Chain operates as a decentralized, open-source blockchain system with its native cryptocurrency, Omax. It serves as a platform for various other cryptocurrencies and facilitates the execution of decentralized smart contracts.
Omax stands as a Layer 1 blockchain platform amalgamating the transparency intrinsic to public blockchains with the celerity and security emblematic of private networks. Leveraging blockchain technology and cutting-edge infrastructure, the project aspires to furnish its users with streamlined financial services.
Employing a DPoS consensus mechanism within its open-source software, Omax realizes expeditious transactions, seamless interoperability, and robust cybersecurity. Boasting a capacity to handle 100,000 TPS, the network, fortified by interoperable smart contracts and EVM compatibility, facilitates users in scaling their projects with heightened ease.
Who Are the Founders of Omax Chain?
Founded in 2021, with roots stretching from the United Kingdom and Australia, Omax has currently established its base in Dubai, UAE.
The visionary architects behind this venture are Tony and Nick. Tony, a tech entrepreneur of the blockchain realm, earned his bachelor's degree in computer science and engineering in London, United Kingdom.
In contrast, Nick, equipped with a bachelor’s degree in Commerce from Melbourne, Australia, brings forth extensive experience in marketing and commercials.
A quartet of additional developers have actively contributed to the developmental endeavors of Omax Chain.
What Makes Omax Chain (OMAX) Unique?
Distinguishing itself, Omax Chain, as an EVM-compatible layer 1 blockchain with low gas fees and high throughput. This unique compatibility positions it as a favored platform for developers and financial institutions seeking to build applications.
Further, integration with ivendpay and the eCommerce industry augments utility, promising a streamlined experience for investors and businesses alike.
Omax Chain endeavors to surmount challenges neglected by early blockchain networks, encompassing low network bandwidth, exorbitant fees, and a suboptimal developer experience. With support for smart contracts, developers can opt to construct applications and protocols on the blockchain.
How Is the Omax Chain Secured?
Omax Chain ensures its security through the implementation of a DPoS consensus mechanism. This mechanism relies on participants who hold a stake in the network to validate and confirm transactions. The more authority a participant has in the consensus process, thereby enhancing security.
Where Can You Buy OMAX?
As of January 2024, the acquisition of OMAX is facilitated through various platforms, including: - MEXC - Bitmart - Lbank - XT.com - Coinsbit
and other centralized exchanges (CEXs) and decentralized exchanges (DEXs) like Omaxswap.
For real-time tracking of Omax or Ethereum prices, consider downloading the CMC mobile app, ensuring prompt and convenient access to the dynamic cryptocurrency market.
To enhance your understanding of the crypto realm, delve into the CMC blog, a valuable resource for expanding your knowledge and staying abreast of industry developments.
Acquaint yourself with PoS in the CMC glossary, and explore in-depth information about Altcoins with CMC Alexandria.
Omax Coin Market Data
Coin Statistics:
- Current Price: $0.0014
- Market Cap: $12,494,036.12
- 24h Price Change: 0.93%
- 7d Price Change: -27.31%
- 30d Price Change: -62.77%
- 24h High: $0.0015
- 24h Low: $0.0014
- All-Time High: $0.0602 (2021-11-12T02:52:08.000Z)
- All-Time Low: $0.0002 (2023-04-10T09:31:00.000Z)
- Circulating Supply: 8,667,996,990.00
- Total Supply: 9,000,000,000.00
Conclusion
Omax Coin is not just another cryptocurrency; it is a comprehensive blockchain solution designed to address the limitations of early blockchain networks. With its high throughput, low gas fees, and EVM compatibility, Omax Chain is poised to become a preferred platform for developers and financial institutions. Its robust security measures and strategic global presence further enhance its appeal. Whether you are an investor, developer, or blockchain enthusiast, Omax Coin offers a promising avenue for growth and innovation in the rapidly evolving world of blockchain technology.
