Oxen (formerly known as LOKI) is a privacy tech project with a mission. It’s a private cryptocurrency with instant transactions. An enormous and powerful PoS network. A secure messaging platform. A network anonymity layer. Tools to build a more private future for the Internet — all on blockchain.
Our vision is to provide a range of tools and services powered by the OXEN coin, enabling users and developers all over the world to leverage the power of our decentralised blockchain network to achieve unparalleled privacy and security as they work, play, and live their day-to-day lives on the internet. And this isn’t just an empty vision — we've put in the hard yards and spent years building these technologies to make our vision a reality.
The Oxen privacy stack includes:
* Session, a fully anonymous, totally decentralised encrypted messaging platform
* Lokinet, a powerful low-latency onion router
* Oxen Name System (ONS), a registration system that allows users to provably burn OXEN to purchase temporary or permanent usernames for Session (and Oxen wallets), and domain names for Lokinet services
The Oxen coin is used for:
* Staking to run Oxen Service Nodes
* Purchasing name registrations for Lokinet (our onion router) and Session (our private messenger)
* Transferring value through instant, private transactions with our revolutionary Blink transaction tech
## How much OXEN is in circulation?
Oxen emissions have been adjusted downwards over time, and now sit at 16.5 OXEN per block. The Oxen blockchain has a 2-minute block time, meaning 11,800 OXEN is created per day. An aggressive coin burning strategy (OXEN is burned through transaction fees, ONS name registrations, and other interactions with the blockchain) and a high coin lockup ratio (as of March 2021, 42.7% of OXEN’s circulating supply is staked to run Oxen Service Nodes) help to drive positive price action.
How to Buy OXEN on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing OXEN. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (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 OXEN.
Step 5: Purchase OXEN
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of OXEN 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 OXEN.
Step 6: Store Your OXEN
After purchasing, you can choose to store your OXEN 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 OXEN assets, be sure to use a strong password and enable two-factor authentication.
OXEN Price:Oxen (formerly known as LOKI) is a privacy tech project with a mission. It’s a private cryptocurrency with instant transactions. The price fluctuates daily, and as of March 30, 2024, the highest price for OXEN was $2.35.
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