Omax CoinOMAX
$0.00492
Market/Exchange
OMAX Price Prediction and Price Movement
OMAX is up 1072.74 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of OMAX can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, OMAX has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on OMAX's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Omax Coin Price Chart
About Omax Coin
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 delegated-Proof-of-Stake (DPoS) consensus mechanism within its open-source software, Omax realizes expeditious transactions, seamless interoperability, and robust cybersecurity. Boasting a capacity to handle 100,000 transactions per second (TPS), the network, fortified by interoperable smart contracts and Ethereum Virtual Machine (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 the 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 Omaxchain.
What Makes Omax Chain (OMAX) Unique?
Distinguishing itself, Omax Chain, as an Ethereum Virtual Machine (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 institution 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 delegated-Proof-of-Stake (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 delegated Proof-of-Stake (dPoS) in the CMC glossary, and explore in-depth information about Altcoins with CMC Alexandria.