# OXP 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<br>

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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 ](<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* **Wrapping Contract:** Manages the minting and burning of OXP tokens as OpenX tokens are deposited and withdrawn.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. ](https://app.openxswap.exchange/#/OXP)
   * 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.](https://app.openxswap.exchange/#/OXP)
3. **Cross-Chain Transfers:**
   * Use one of the supported bridges ([Optimism Standard Bridge](https://superbridge.app/optimism/0xba5ed706c58c053fce06544e29daf1a65cc6c0de) or [OpenX Hyperlane Bridge](https://app.openxswap.exchange/#/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.


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