How to Buy Open Exchange Token Crypto (OX)

What is Open Exchange Token OX?

According to Coingecko, Open Exchange Token is : What is the project about? OPNX (Open Exchange) is the world's first exchange for trading crypto spot, derivatives, and claims on public orderbooks. OPNX's vision is to create a new standard for a radically transparent and accessible financial world. We help traders and investors who are seeking a credible exchange to experience more fair and transparent financial markets. What makes your project unique? OPNX is a way for those affected by crypto crises to rebuild and take control of their financial future. Over $20 billion of claims are trapped in the bankruptcy proceedings of FTX, Voyager, Celsius, Genesis, BlockFi, Hodlnaut, Mt Gox, 3AC, and other firms. OPNX solves this by being the first to provide tokenized claims trading on order books which can also be used as collateral to trade crypto futures. History of your project. OPNX officially launched on April 3, 2023, as the world's first crypto and claims exchange. On May 31, 2023, OPNX launched its new token $OX, a new staking and governance platform called The Herd, and claims trading for Celsius. What’s next for your project? Following Celsius, we plan to offer FTX claims trading shortly in June. We aim to offer claims trading for as many bankruptcy estates available. The Herd is a staking / DAO type system for users to stake OX and is available at ox.opnx.com. We will be issuing various tokens into the What can your token be used for? $OX introduces a new exchange token model at the heart of the Open Ecosystem, comprising OPNX, The Herd (where users stake $OX and vote on governance), and a host of upcoming products. $OX disrupts the typical CEX token incentivization model by pioneering a staking fee discount model that is democratic, dynamically adjusting, and promotes alignment between the exchange and traders. Every user can receive up to a 100% fee discount in perpetuity by staking $OX tokens proportional to their share of trading activity.

Where can I buy OX Crypto?

You can buy Open Exchange Token on Uniswap.

Why should you buy Open Exchange Token?

Open Exchange Token is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.

How to Buy Open Exchange Token Crypto?

Step 1 - Setting up a Metamask Wallet

Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.

Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.

You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.

Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.

Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.

Step 2 - Buy Ethereum on Simpleswap

Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy ETH and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.

Click here to access Simpleswap

Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for ETH, and click "Exchange", just like this:

Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Ethereum address. It should add it automatically.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.

Step 3 - Buy Open Exchange Token on Uniswap with ETH

Buy OX on Uniswap with ETH

Uniswap is currently the number one Decentralized Exchanged in the world, and it's simply the best place to buy cryptocurrencies that aren't available on sites like Coinbase or Binance.

Before we head over to Uniswap, we need to prepare your Metamask Wallet to receive Open Exchange Token. Open Metamask, scroll all the way down, and click here:

Select Custom Token and paste this token contract address there:

0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f

The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Open Exchange Token (OX).

You can check the price and confirm the correct token address of Open Exchange Token on Coingecko.

Let's buy some Open Exchange Token!

Go to Uniswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it). Now you need to accept, connect, and your wallet should be connected to Uniswap.

Select a token and paste the Token contract address: 0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f

Click Import and accept the terms.

Now you have to select the amount of ETH you want to trade for OX. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.

Wait a few minutes, and your OX should appear on your Metamask Wallet.

Congratulations! You are now a proud Investor of Open Exchange Token!

In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Uniswap's gear icon, and put 5% here:

Adjust slippage on uniswap