Oxen

What is Oxen?

Oxen is an ecosystem of privacy tools built on top of a fully decentralized layer-1 blockchain. It stands as one of the largest app ecosystems within the crypto industry, servicing hundreds of thousands of active users through applications like Session and Lokinet, leveraging the power of the Oxen Service Node Network. This network, powered by the Oxen blockchain, enables fast and private value transfer through a distributed network of community-operated Oxen Service Nodes.

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Recent Video Interview

Main points of the interview:

• Oxen's focus on privacy and decentralized messaging, inspired by technologies like Signal, Tor, and Monero.
• The Session app offers a user-friendly experience with enhanced privacy, using public keys instead of phone numbers, end-to-end encryption, pseudonymous account creation...
• Oxen aims to integrate secure payments within the app and is exploring anonymous stable coins.
• Oxen is excited about the growth of Session and its technologies, with future innovations including VPN services through Lokinet.

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OXEN Token

Oxen's native cryptocurrency is at the core of its ecosystem, serving as a privacy-preserving medium of exchange. Derived from Monero, Oxen inherits robust privacy and security features such as fungibility, privacy, and untraceability. Its privacy-preserving nature ensures that transactions conducted on the Oxen blockchain remain confidential and indistinguishable from one another. Meanwhile, Oxen Service Nodes play a crucial role in maintaining the integrity and security of the blockchain.

These incentivized nodes not only validate and secure transactions but also provide essential services to Oxen-powered applications. In return for their services, Service Node operators are rewarded with block rewards, ensuring the sustainability and decentralization of the network. Together, Oxen's cryptocurrency and Service Nodes form the backbone of a privacy-centric ecosystem designed to empower users with control over their digital transactions and interactions.

Applications

Oxen's ecosystem features two flagship applications, Session and Lokinet, designed to provide users with enhanced privacy and security in their digital communications and internet browsing activities.

Session

Session is an end-to-end encrypted messaging application that prioritizes user privacy. It ensures that all messages sent through the platform are encrypted from sender to receiver, preventing unauthorized access or interception. Unlike traditional messaging apps, Session does not require users to provide any identifying information, such as phone numbers or email addresses, during the signup process.

This anonymity makes it particularly appealing to individuals and groups who prioritize privacy, such as activists, journalists, and whistleblowers. Session's decentralized architecture, powered by the Oxen Service Node network, further enhances security by minimizing the risk of centralized data breaches or surveillance.

Lokinet

Lokinet, on the other hand, offers users a private and secure alternative to traditional internet browsing. Operating as an onion-router, Lokinet routes internet traffic through a network of decentralized nodes, ensuring that users' browsing activities remain anonymous and untraceable. By obscuring the origin and destination of data packets, Lokinet prevents third parties from monitoring or tracking users' online behavior.

Additionally, Lokinet's protocol-agnostic nature enables it to support a wide range of internet protocols, including TCP, UDP, and ICMP, facilitating secure access to various online services and resources. Together, Session and Lokinet embody Oxen's commitment to providing users with accessible and robust privacy tools, empowering them to reclaim control over their digital identities and activities in an increasingly surveilled online landscape.

Features

Oxen Service Nodes

• Provide support for the Oxen Network
• Resist Sybil attacks through market-based mechanisms
• Participate in various network activities including block creation, message forwarding, and quorum participation

Pulse: PoS on Oxen

• Proof of Stake consensus mechanism
• Foundation of the Oxen Service Node network
• Provides security benefits through decentralized block creation and validation

Blink: Instant Transactions

• Leveraging Oxen Service Node network for instant payments
• Ensures security, privacy, and anonymity
• First cryptocurrency to offer real-time private transactions

Similar Assets

Some similar assets to OXEN are PIVX, Swarm, Firo, Flux, Horizen, AirDAO, Apollo, AXEL, BEAM, Beldex...

Team Background

Oxen and its affiliated projects are the result of collaboration among its founding team members: Simon Harman (CEO), Kee Jeffreys (CTO), Christopher McCabe (COO), and Josh Jessop-Smith (CMO). The inception of Oxen occurred when these individuals, brought together by their mutual interest in privacy technology and their conviction in the transformative power of blockchain, first met at the Melbourne Blockchain Center in 2017. United by their vision, Simon, Kee, Chris, and Josh embarked on the journey of developing what has now evolved into the Oxen project.

Project Development

Introducing Session Token, the cryptocurrency driving the future of Session, designed to support and amplify the app's functionalities and community engagement. Serving as the backbone of the Session Network, Session Token enables active staking, secures and rewards network participants, and facilitates on-chain purchases of premium features within Session.

The tokenomics of Session Token are structured around the Staking Reward Pool, which incentivizes network growth and performance by rewarding active participation. Monetization features such as Session Pro subscription unlock exclusive in-app features for power users, with payments made in Session Tokens. A portion of the revenue generated from Session Pro subscriptions is allocated to the Staking Reward Pool, reinforcing network security and stability.

Additionally, Session Nodes, responsible for network security and message routing, receive rewards directly from the Staking Reward Pool based on their contribution. Session Token's transition to an EVM-compatible token promises improved liquidity and support, paving the way for future growth and development of the Session ecosystem.

Oxen Price Analysis

As of November 25 2024 Oxen has a marketcap of $4.3M. This is {{percentagefromath}} from its all time high of $2.37. In terms of its tokenomics, there's a total supply of 70M with 100% currently outstanding. Keep in mind Oxen has a fully diluted value of $4.3M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.