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 DPoS consensus mechanism within its open-source software, Omax realizes expeditious transactions, seamless interoperability, and robust cybersecurity. Boasting a capacity to handle 100,000 TPS, the network, fortified by interoperable smart contracts and 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 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 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 PoS in the CMC glossary, and explore in-depth information about Altcoins with CMC Alexandria.
How to Buy OMAX on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing OMAX. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing OMAX.
Step 5: Purchase OMAX
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of OMAX you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy OMAX.
Step 6: Store Your OMAX
After purchasing, you can choose to store your OMAX in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and OMAX assets, be sure to use a strong password and enable two-factor authentication.
OMAX Price:OMAX Chain operates as a decentralized, open-source blockchain system with its native cryptocurrency, Omax. The price fluctuates daily, You can go to the exchange: Bybit to check the price.
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