Exploring Oxchange: The Gasless Decentralized Exchange with Concentrated Liquidity and Innovative Tokenomics

cartban
3 min readMay 10, 2023

--

Oxchange is a decentralized and gasless cryptocurrency exchange that offers a user-friendly interface, fast and efficient trading, and access to a wide range of ERC-20 tokens. The platform is a great option for people who want to trade cryptocurrencies in a decentralized and efficient way, without worrying about high gas fees or liquidity issues.

Source: Oxchange

One of the unique features of Oxchange is its gasless platform, which gives back the gas fees used on the blockchain by providing users with OC tokens of equal value to the gas fees paid. This allows users to trade cryptocurrencies without worrying about paying additional gas fees, making it a more cost-effective option for traders.

Furthermore, Oxchange has recently launched its upgraded v3 DEX featuring new trading features such as concentrated liquidity, range orders, and multiple price ranges in a single pool. This promises an improved trading experience for users, as well as increased capital efficiency for liquidity providers.

Concentrated liquidity serves as a mechanism to let the market decide what a sensible distribution of liquidity is, as rational LPs are incentivized to concentrate their liquidity while ensuring that their liquidity remains active. This feature allows liquidity providers to provide assets (liquidity) at a price range (interval), which is an excellent source of revenue for them.

Additionally, Oxchange v3 mitigates capital inefficiency as LPs can provide liquidity depth within specified price ranges while risking far less capital. Liquidity providers also receive NFTs as liquidity proofs, providing them with further security and protection.

Oxchange also plans to launch a decentralized loan platform and NFT marketplace in the future, and is set to integrate zkproof blockchain technology to ensure secure and private user transactions.

The Oxchange ecosystem offers several benefits for users, including gasless transactions, high yield staking rewards, and flexible fees. Furthermore, the platform’s automated market maker uses smart contract technology to hold liquidity reserves, allowing users to trade cryptocurrencies easily and at fixed prices. Anyone can contribute liquidity and earn pro-rata trading fees.

Tokenomics is an essential aspect of Oxchange, as it offers users and token holders alike with unique benefits. By holding OX tokens, users can access premium features such as exclusive trading pairs and reduced fees. Moreover, OX token holders receive a share of the platform’s revenue through Oxchange’s innovative revenue-sharing program.

Source: Oxchange

In conclusion, Oxchange is an excellent option for people who want to trade cryptocurrencies in a decentralized and efficient way, without worrying about high gas fees or liquidity issues. The platform’s gasless model, concentrated liquidity, and automated market maker are some of the many features that set it apart from other cryptocurrency exchanges. With plans to launch a decentralized loan platform, NFT marketplace, and integrate zkproof blockchain technology, Oxchange is set to continue revolutionizing the cryptocurrency trading industry.

Author info
Proof of Authentication Post: https://bitcointalk.org/index.php?topic=5444981.msg62080450#msg62080450
Bitcointalk Username: ijeb
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1668500
BSC Address: 0x8d5CA2fFf61cF1Deb5f67b1bB2760bEea981325f

--

--