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About Oxen
Key Points
- Oxen (OXEN) is a privacy tech project with a mission to provide a range of tools and services for a more private future on the internet.
- The Oxen privacy stack includes Session, Lokinet, and Oxen Name System (ONS).
- The Oxen coin is used for staking, purchasing name registrations, and transferring value through instant, private transactions.
- 16.5 OXEN is created per block, with a 2-minute block time, resulting in 11,800 OXEN created per day.
- 42.7% of OXEN’s circulating supply is staked to run Oxen Service Nodes.
- Oxen
About Oxen: Empowering Privacy and Security in the Digital Realm
Introducing Oxen (OXEN): A Comprehensive Overview
Oxen (formerly known as LOKI) is a pioneering privacy tech project driven by a singular mission. It encompasses a private cryptocurrency facilitating instantaneous transactions, a formidable and vast proof-of-stake (PoS) network, a secure messaging platform, and a network anonymity layer. Ultimately, Oxen provides a comprehensive suite of tools designed to forge a more private future for the Internet, all anchored on blockchain technology.
Our vision is to empower a global community of users and developers by providing a suite of innovative tools and services fueled by the OXEN coin, thereby unlocking the vast potential of our decentralized blockchain network. This synergy enables individuals to harness unparalleled levels of privacy and security as they navigate their daily lives online. This ambitious vision is not mere rhetoric; rather, it is the culmination of years of dedicated effort and rigorous development, transforming our vision into a tangible reality.
The Oxen privacy stack comprises:
- Session, a fully anonymous and decentralized encrypted messaging platform, ensuring utmost privacy and security
- Lokinet, a robust and high-performance onion router, engineered for low-latency performance
- Oxen Name System (ONS), a decentralized registration system that enables users to provably burn OXEN, thereby acquiring temporary or permanent usernames for Session (and Oxen wallets), as well as domain names for Lokinet services
The Oxen coin serves multiple purposes, including: staking to operate Oxen Service Nodes, acquiring name registrations for Lokinet (our onion router) and Session (our private messenger), and facilitating instant, private value transfers via our innovative Blink transaction technology.
The Circulating Supply of OXEN: A Closer Look
Oxen emissions have undergone downward adjustments over time, now stabilizing at 16.5 OXEN per block. With a 2-minute block time, the Oxen blockchain yields a daily creation of 11,800 OXEN. A proactive coin burning strategy, wherein OXEN is incrementally reduced through transaction fees, ONS name registrations, and other blockchain interactions, coupled with a high coin lockup ratio (with 42.7% of OXEN’s circulating supply staked to operate Oxen Service Nodes as of March 2021), collectively contribute to driving positive price momentum.
Meet the Visionaries Behind Oxen: Our Founders
Oxen and its subsidiary projects are the brainchild of the visionary founding team, comprising Simon Harman (CEO), Kee Jeffreys (CTO), Christopher McCabe (COO), and Josh Jessop-Smith (CMO). It was at the Melbourne Blockchain Center in 2017 that the founders’ paths converged, united by their fervent passion for privacy technology and unwavering belief in the transformative potential of blockchain. This synergy sparked the inception of the project now known as Oxen, with Simon, Kee, Chris, and Josh at the helm.
Acquiring OXEN: A Guide to Purchasing Options
OXEN is now accessible for acquisition and trading on an expanding array of exchanges, boasting an increasingly diverse range of pairing options, including BTC and stablecoin denominations.
Kucoin facilitates trading in BTC, ETH, and USDT pairs. Meanwhile, Bittrex supports BTC and USDT pairs, while TradeOgre offers a single BTC pair. Notably, OXEN has a wrapped ERC20 token equivalent, wOXEN, which is listed on UniSwap. Furthermore, OXEN and wOXEN can be seamlessly exchanged at a 1:1 ratio via the wOXEN bridge.
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