MEXC’s MX Token Price: Can it hit 5$ soon

The OCX distribution terms for the Occam team include a 5% initial unlock (1,000,000 OCX). The team distribution will happen along that of the wider community. Since the launch of the OCX token and staking campaign in September 2021, all the ways through which OCX could (and still can) be accrued have been designed to reward our early supporters and OCC stakers. OccamX, our purpose-built Cardano DEX that will allow users to earn, swap, and provide liquidity to the large number of Cardano Native Tokens (CNTs) available on the market, is ready to launch in February on Milkomeda mainnet.

• To our knowledge, this is the closest solution to the concurrency issue yet, and is essential for a seamless and fast DEX experience for Cardano users.
• These Metapools will also enable one sided liquidity provision.
• We’ll also explore pool mechanics, order submission, order execution, decentralization & concurrency, and OCX distribution information.
• With all of this in mind, we present the final details of the distribution of the $OCX token.
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Distribution for Cardano holders will start from Thursday, the 27th of October, and will not be subject to vesting — the total allocation to Cardano holders equals 100,000 OCX. Token distribution for $OCC stakers and OCC LMs will start on the morning (UTC) of the 26th October 2022. The total amount of OCX allocated to items 1–4 of the campaign is 30,000,000 OCX. The final OCX campaign calculation per address can be found here. More information on the OccamX DEX and OCX distribution will soon be available through an updated white paper and technical specifications in the near future, with a minimum viable product complete with a feature-rich UI expected in mid-September. We are aware that the pOCC delegation pool is experiencing some issues with the Daedalus wallet.

A decreasing fraction of the OccamX platform profits will be used to buy-back and burn the OCX tokens, creating a period of deflationary tokenomics that gradually decreases supply as there’s an increase in demand. This takes place on a decreasing schedule, decreasing to 0% linearly over each quarter. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Meanwhile, any easing of monetary policy in 2024, Kelly said, could provide a further boost for crypto.

What are OCX tokens used for?

There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “moderate buy” OCX shares. OncoCyte Corporation, a molecular diagnostics company, research, develops, and commercializes proprietary laboratory-developed tests for the detection of cancer in the United States and internationally. The company offers DetermaRx, a molecular test for early-stage adenocarcinoma of the lung; and DetermaIO, a proprietary gene expression assay.

We welcome existing and new community members to take advantage of the four mechanisms available for receiving OCX. Blueshift is a highly efficient automated market maker and liquidity management platform that has reinvented DeFi. We advise you to be cautious and ‘do your own research’ before interacting with this project. Flagged projects are labelled based on claims by community members contacting Cardano Cube. If you made it this far, then there’s really only one logical thing to do — stake some OCC today and get distributed OCX tokens.

ADAmail

The OccamX decentralized exchange development is done and ready to be tested on the Milkomeda testnet. Users are welcome to provide feedback prior to the OccamX official launch on the mainnet. Once launched, OccamX will be one of the very few DEXs to trade ADA and Cardano Native Tokens against assets from ETH and other EVM compatible networks in a trustless manner (including pairs such as ADA/USDT and ADA/ETH). Essentially, this means that through OccamX the Cardano native liquidity will finally get the trustless exposure to liquidity nested on other layer 1 networks. Those who are with Occam for a long time might remember this promise from way back. The OccamX DEX will be powered by its own DEX token, OCX, which enables users to participate in the governance of OccamX, including voting on DEX system parameters, project listing, and upcoming Occam improvement proposals.

Most blockchains are not compatible with each and blockchain bridges bring much needed interoperability between chains by allowing for the psuedo-transfer of assets from one to the other. Interestingly, many Cardano exchanges, such as Sundaeswap, use the concept of “batchers” to collect, order, and execute transactions. The OccamX DEX uses prefixes to identify which blockchain bridge a token comes from.

Cardano for the M₳sses

The exec pointed out that one year after the 2012, 2016, and 2020 halvings, the price of bitcoin was up 8,069%, 284%, and 559%, respectively. Miners’ rewards will be reduced from 6.25 bitcoin to 3.125 per block, creating a scarcity effect, according to the original whitepaper authored by Satoshi Nakamoto. Historical trends indicate bitcoin is on pace to blow past record highs and hit $100,000 by 2025, a blockchain executive said. The combination of election-driven volatility, coupled with potential momentum from regulators and the possibility of a Bitcoin halving cycle make me bullish on the token’s prospects for next year. Despite its surge in 2023, I would not be surprised if Bitcoin eclipses its record high of about $69,000 next year and moves toward six-figure territory.

Projects

These could be tokens of IDOs that launch through OccamRazer, or newly launched Cardano Native Tokens, for example. Just like UniSwap rewarded its earliest users with the UNI token, Occam.fi will ensure that OCC stakers and supporters will be rewarded with the OCX token. In the new world of OCX, there’s no such thing as private rounds. Please note that this file is for information purposes only and will be updated following the release of the OccamX DEX. Bitcoin’s total supply is capped at 21 million, and each halving brings the blockchain closer to that level.

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Either you’re already staking, you need to watch our OCC staking guide video, or you’re a stickler for details. Well… if you’re still here, let’s look at the role OCX will play in the OccamX ecosystem. With it comes OCX, a new token designed to unlock the functionality of OccamX, and reward our early supporters //cryptolisting.org/blog/top-reasons-banks-wont-cash-your-check and OCC holders. Separate from the halving event, recent speculation about whether the Securities and Exchange Commission will approve a spot bitcoin ETF has fueled bullish sentiment. In the 12 months before each of the past three halvings, bitcoin climbed 385%, 142%, and 17%, respectively.

We know there is growing excitement around OccamX, but before our DEX components go live, we must ensure the security, stability, and usability of OccamX. This involves extensive (~2 month) public beta testing and audits. Plutus audit partners are scarce, but it’s an important step in bringing a robust product to market. Here, we have some further info about the OccamX demo, including the improvements we’ve made and why our Cardano DEX is different.