OXP Token

OXP multichain token

OXP Token Documentation

Overview

OXP is the official token for the Open X Project (OXP), designed to provide seamless interoperability across multiple blockchain networks. OXP tokens are obtained by wrapping OpenX tokens and offer users a flexible way to interact with various chains.

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Key Features

• Cross-Chain Compatibility: OXP can move effortlessly across supported chains using:

  1. Optimism Standard Bridge

  2. Hyperlane Bridge (via messaging service)

  3. Superchain Bridge (planned but not yet enabled or released)

• 1:1 Wrapping Mechanism: OpenX tokens can be wrapped to receive OXP tokens at a 1:1 ratio. OXP can always be unwrapped back into OpenX.

• Single Deployment Address: The OXP contract is deployed at the same address on every supported chain, ensuring consistency and simplifying cross-chain interactions.

• ERC20 Permit

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Tokenomics

• Max Supply: The entire max supply of OXP has been minted and deposited into the wrapping contract.

• Wrapping Process:

  1. Deposit OpenX tokens into the wrapping contract.

  2. Receive OXP tokens at a 1:1 ratio.

  3. To unwrap, simply deposit OXP tokens back into the contract to retrieve OpenX tokens at the same 1:1 ratio.

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Bridging Options

1. Optimism Standard Bridge

• Description: A reliable and widely-used bridging mechanism to transfer OXP tokens between Optimism and other chains. https://superbridge.app/optimism/0xba5ed706c58c053fce06544e29daf1a65cc6c0de

2. Hyperlane Bridge

• Description: Uses a messaging service to enable cross-chain communication and movement of OXP tokens. https://app.openxswap.exchange/#/Bridge

3. Superchain Bridge

• Status: Planned for future release. This bridge aims to further enhance the seamless transfer capabilities of OXP tokens across chains.

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Contract Details

• Deployment Address: The OXP token contract is deployed at the same address across all supported chains: 0xba5ed706c58c053fce06544e29daf1a65cc6c0de.

• Supported Chains: Ethereum (eth), Base, Optimism (op).

• Wrapping Contract: Manages the minting and burning of OXP tokens as OpenX tokens are deposited and withdrawn.

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How to Use OXP

1. Wrapping OpenX into OXP:

   • Interact with the wrapping contract on OPTIMISM.

   • Deposit OpenX tokens to receive OXP tokens at a 1:1 ratio.

2. Unwrapping OXP into OpenX:

   • Withdraw OpenX tokens from the wrapping contract to retrieve OpenX tokens at a 1:1 ratio.

3. Cross-Chain Transfers:

   • Use one of the supported bridges (Optimism Standard Bridge or OpenX Hyperlane Bridge) to move OXP tokens across chains.

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Planned Features

• Superchain Bridge: Once released, the Superchain Bridge will further enhance the interoperability and usability of OXP across multiple chains.

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Support

For any issues or questions, visit the Open X Project website and join our community for assistance. Reminder that our admins will never DM you or ask for seed phrase, mnemonic, or private keys.