Oxen is formerly known as LOKI. It is a privacy-focused cryptocurrency built on the Monero codebase. In this article, as Kriptokoin.com, “What is Oxen?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is oxen? What does OXEN do?
The platform is a PoW cryptocurrency based on the CryptoNight heavy algorithm. At the beginning of 2021, Loki was rebranded as OXEN. These were just cosmetic changes. LOKI users do not need to take any action. All Loki users can continue to use existing wallets and services without having to update.
What is the purpose of the project?
The aim of the project is to enable users and developers around the world to leverage the power of decentralized Blockchain to achieve unmatched privacy and security while working, playing or living their daily lives online.
Along with this is being able to offer a range of tools and services powered by OXEN Coin. At the same time, OXEN emissions adjusted downward over time. Currently, 16.5 OXEN occupies per block. Blockchain has a block time of 2 minutes. However, 11,800 OXENs are created per day.
What are its features?
- Completely anonymous and decentralized encrypted messaging platform
- Lokinet is a powerful low latency onion router
- Oxen Name System (ONS) is a registration system that allows users to burn OXEN as proven to purchase temporary or permanent usernames for Session and Oxen wallets and domain names for Lokinet services.
Who are the founders?
Oxen Coin and its side projects are the brainchild of the founding Oxen team. Simon Harman (CEO), Kee Jeffreys (CTO), Christopher McCabe (COO) and Josh Jessop-Smith (CMO). The founders are meeting at the Melbourne Blockchain Center in 2017. At the same time, their shared passion for privacy technology and their belief in the potential of Blockchain built the Oxen project.
What is oxen? How to buy OXEN?
Currently, the largest exchanges that can be traded with OXEN; KuCoin is CoinEx, Uniswap (V2), Bittrex. OXEN, BTC, and stablecoin pairs are now available for purchase and trade on an increasing number of exchanges. Kucoin offers BTC, ETH and USDT pairs, Bittrex offers BTC and USDT pairs, and TradeOgre offers BTC pairs.
OXEN Coin also offers Woxen, a packaged ERC-20 Token available on Uniswap. People who want to invest in the project should access the web/mobile application of the stock exchange where the project is traded. Next, the exchange must complete the account opening steps.
