The OpenX Project
  • Overview
  • The Open X Project
    • OXP Token
    • NFT Market (Multichain)
      • Listing an NFT
        • veSOLID (Ethereum)
        • veRAM (Arbitrum)
      • Purchasing an NFT
      • Placing a Bid
      • Listing Collections
    • opxVELO (Optimism)
      • Collateralization
    • OpenXSwap (Optimism)
      • OpenX
      • xOpenX
      • vexOpenX
      • Fees and Distribution
      • Aggregator
    • Vaults (Multichain)
    • NFT Collections (Optimism)
      • OpenX-OP Reserve
        • NFT Management
        • Upgrades, Governance
      • Governance Tooling
  • Information
    • hOpenX Migration
    • Social Media
    • Smart Contracts
    • Project Links
    • Further Reading
      • Launch, Re-Launch
      • Decentralized?
      • Privacy Policy
      • Legal Disclaimer
      • opxveVELO Migration
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On this page
  • OXP Token Documentation
  • Overview
  • Key Features
  • Tokenomics
  • Bridging Options
  • Contract Details
  • How to Use OXP
  • Planned Features
  • Support
  1. The Open X Project

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.


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


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.


Bridging Options

1. Optimism Standard Bridge

2. Hyperlane Bridge

3. Superchain Bridge

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


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.


How to Use OXP

  1. Wrapping OpenX into OXP:

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

  2. Unwrapping OXP into OpenX:

  3. Cross-Chain Transfers:


Planned Features

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


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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Last updated 3 months ago

Description: A reliable and widely-used bridging mechanism to transfer OXP tokens between Optimism and other chains.

Description: Uses a messaging service to enable cross-chain communication and movement of OXP tokens.

Use one of the supported bridges ( or ) to move OXP tokens across chains.

https://superbridge.app/optimism/0xba5ed706c58c053fce06544e29daf1a65cc6c0de
https://app.openxswap.exchange/#/Bridge
Interact with the wrapping contract on OPTIMISM.
Withdraw OpenX tokens from the wrapping contract to retrieve OpenX tokens at a 1:1 ratio.
Optimism Standard Bridge
OpenX Hyperlane Bridge