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OMAX, launched in November 2021 on the Binance network, is transitioning to its own EVM-compatible blockchain (OMX20) with high scalability and security. Aimed at simplifying crypto investments and making crypto accessible, OMAX integrates its blockchain with e-commerce platforms, enabling easy crypto transactions. The project follows a deflationary token model, burning tokens with each transaction to boost value. Headquartered in Dubai, OMAX is set to launch its mainnet by July 2022 and plans a major marketing push to reach 100,000 holders. Future plans include launching an OMAX exchange in early 2023.
OMAX, launched in November 2021 on the Binance network, is transitioning to its own EVM-compatible blockchain (OMX20) with high scalability and security. Aimed at simplifying crypto investments and making crypto accessible, OMAX integrates its blockchain with e-commerce platforms, enabling easy crypto transactions. The project follows a deflationary token model, burning tokens with each transaction to boost value. Headquartered in Dubai, OMAX is set to launch its mainnet by July 2022 and plans a major marketing push to reach 100,000 holders. Future plans include launching an OMAX exchange in early 2023.
OMAX is designed to simplify cryptocurrency usage for the next generation of investors by providing a seamless, user-friendly crypto experience. It is a community-driven token initially launched on the Binance network, with plans to transition to its own EVM-compatible blockchain (OMX20). The project aims to integrate cryptocurrency into e-commerce, enabling easy crypto transactions for everyday purchases.
OMAX employs a deflationary token model where 4% of tokens are burned with each buy and sell transaction. By continually reducing the total token supply, OMAX aims to increase the value of existing tokens. This deflationary mechanism is intended to create scarcity and enhance the long-term value of the token as part of OMAX's broader ecosystem.
OMAX offers several advantages, including its transition to a bespoke blockchain (OMX20) with advancements in speed and scalability, boasting up to 85K TPS on the mainnet. Additionally, its ecosystem promises real value with planned e-commerce integration and support for EVM-compatible smart contracts. Its deflationary model and PoS consensus secure and may potentially enhance the value of holdings over time.
OMAX aims to incorporate its blockchain and token into popular e-commerce and shopping cart platforms, allowing users to easily complete purchases using cryptocurrency. This integration intends to simplify the process of using crypto for daily transactions, thereby broadening user adoption and providing practical utility for digital currency in real-world scenarios.
The security of the OMAX network is maintained through a Proof-of-Stake (PoS) consensus mechanism that supports short block times and lower transaction fees. Validators, selected based on the bonding of stakes, produce blocks while the system ensures security with double sign detection and slashing logic. It is EVM-compatible, supporting smart contracts and protocols within the network.
OMAX has outlined future plans that include launching its blockchain mainnet by July 2022, executing a marketing campaign to increase its community to 100,000 holders, and developing the OMAX exchange slated for early 2023. These initiatives, along with ongoing celebrity endorsements and global promotions, are aimed at establishing OMAX as a significant player in the cryptocurrency space by expanding its ecosystem and increasing token adoption.
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