OXA Stable Credit Tokens are a type of digital asset that are based on the ERC 20 token standard. OXA can unlock the flow of stable credit to the crypto markets.
OXA Stable Credit Tokens are a type of digital asset that are based on the ERC 20 token standard. This standard is a set of rules and guidelines for creating fungible tokens on the Ethereum blockchain. Fungible tokens are interchangeable and have the same value, making them ideal for use as cryptocurrencies or utility tokens. The ERC 20 standard provides a framework for developers to create tokens with a standardized set of functions and features, ensuring that they can be easily integrated into various applications and platforms. By being built on this standard, OXA Tokens benefit from the security and interoperability of the Ethereum blockchain and can be used in a wide range of use cases, such as payments, trading, and access to DeFi.
OXA is a stable credit token with a net asset value (NAV) of $1.00 per token maintained by OpenEXA. Similar to a money market fund, it is regulated by the New York State Department of Financial Services (NY-DFS). This means investors can trade OXA on OpenEXA's KYC-ed market at any time and subsequently at wider external markets, and they will receive a fixed and consistent price per token, OXA brings a unit of account. On the other hand, AUT is an asset unique token that functions similarly to an NFT, representing the title (property rights) of the underlying asset (RWA), which is a short-term, low-risk debt security, such as Treasury bills, AA/AAA bonds, commercial paper, or certificates of deposit.
AUT and OXA are an excellent on-chain medium for the exchange of assets and a store of value. An On-chain stable credit and collateral tokens provide efficient, low-cost transactions and enable lightning-fast trading of tokenized assets. OXA is a stable credit token with a net asset value (NAV) of $1.00 per token backed by AUT. The tokens serve as digital representations of the underlying assets and are typically issued on a blockchain platform.
Here are some general steps involved in minting and burning of OXA's:
It's important to note that the process of minting OXA Stable credit tokens is complex. It's important to do your research, verify the legitimacy of the project, and exercise caution when participating in token sales or purchasing new tokens.
As the concept of stable credit tokens evolves and new projects emerge, it is advisable to stay abreast of the latest information and seek guidance from reliable sources or platforms associated with the specific tokens you are interested in purchasing.
OpenEXA's stable credit token (OXA) backed by institutional assets (AUT’s) can unlock the flow of stable credit to the crypto markets.