What is Open Exchange Token (OX) Crypto Coin? Real Use, Price, and Risks

The Open Exchange Token, or OX, isn’t just another crypto coin. It’s a token tied to a platform that never took off - and its price tells the whole story. If you’re wondering whether OX is worth your time, the answer isn’t about tech specs or whitepapers. It’s about what happened after launch: a 99% crash, near-zero trading volume, and a platform so obscure even major crypto news sites barely mention it.

What OX Actually Does

OX is an ERC-20 token built on Ethereum. It was created to power the Open Exchange (OPNX) platform - a crypto exchange that promised to let users trade spot, derivatives, and claims on public orderbooks. Sounds fancy? In theory, yes. In practice, OPNX never gained traction. Today, it’s a footnote compared to giants like Binance or Coinbase.

Unlike BNB or OKB - tokens that drive real ecosystem activity - OX has no meaningful utility. You can’t pay for trading fees on OPNX with OX. You can’t stake it for rewards. You can’t use it to vote on platform upgrades. Its only function is to be traded - and even that’s barely happening.

The token’s contract, verified on Etherscan, includes advanced features like a denylist and superallowlist. These aren’t for user protection - they’re tools for the team to freeze or restrict wallets. That’s not transparency. It’s control.

Price History: A 99% Collapse

OX hit its all-time high of $0.0812 on August 9, 2023. Today, it trades around $0.00013. That’s not a correction. That’s a collapse.

Here’s what that means in real numbers:

• If you bought $1,000 worth of OX at its peak, you’d now have about $1.60.
• It’s down 98.4% from its second-highest price of $0.0484.
• Even compared to Bitcoin, OX has lost 89.77% of its value over the past year.

Some sites like Marketbeat claim a $113 million market cap. That’s false. Verified data from Etherscan and CoinLore puts the real market cap under $5 million. The inflated number likely comes from self-reported data from OPNX - a red flag experts warn against.

Trading Volume? Almost None

OX trades less than $70,000 in a 24-hour period. For context, Bitcoin trades over $20 billion daily. Even small altcoins like SHIB move $500 million.

Low volume means two things:

• You can’t easily buy or sell without moving the price.
• Large holders can manipulate the market with small amounts of cash.

One week, OX might spike 60%. The next, it drops 80%. That’s not volatility - it’s manipulation. And when volume is this low, there’s no real market. Just pump-and-dump cycles.

Supply: Almost All of It Is Already Out

OX has a maximum supply of 9.86 billion tokens. As of November 2025, over 5.6 billion are in circulation - more than 56% of the total.

That’s a problem. Most successful tokens lock up a big chunk of supply for future use - team incentives, ecosystem growth, or staking rewards. OX’s team dumped nearly all of it into the market early. No reserve. No plan. Just sell.

And because the contract allows minting (creating new tokens), the team could technically flood the market with more OX at any time. There’s no hard cap on supply beyond the original 9.86 billion - and even that can be changed.

Where You Can Buy OX

You won’t find OX on Binance, Coinbase Pro, or Kraken. It’s only listed on a handful of smaller exchanges, with Coinbase being the most notable. Even there, trading volume is tiny.

To hold OX, you need an Ethereum-compatible wallet: MetaMask, Trust Wallet, or Rabby. Just paste the contract address - 0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f is the official OX token contract on Ethereum - into your wallet and add the token manually.

But here’s the catch: if you buy OX now, you’re buying into a dead asset. There’s no liquidity. No buyers. No reason for the price to go up.

Why OPNX Failed

OX’s fate is tied to OPNX. And OPNX? It’s a ghost town.

Trustpilot reviews for OPNX average 1.7 out of 5 stars. Users complain about:

• Withdrawals taking weeks
• Customer support that never replies
• Confusing interface

Reddit threads call OX “another dead exchange token.” One user wrote: “Bought at $0.05 in 2023. Now worth pennies. Classic dump.”

There’s no roadmap. No updates. No developer activity on GitHub. The website hasn’t changed in over a year. The team stopped talking. The community vanished.

Expert Opinions: All Negative

There’s no bullish analysis for OX. None.

SwapSpace’s prediction model says OX could fall to $0.0000286 by 2026 - another 78% down from today’s price. PricePrediction.net calls it “a poor investment.” Coinbase’s data shows it’s one of the worst-performing tokens in crypto history.

Even CoinLore, which tracks obscure tokens, notes OX has zero developer activity and negligible social media presence. No one’s building on it. No one’s using it. No one cares.

Should You Buy OX?

No.

Not because it’s technically flawed - it’s not. It’s an ERC-20 token, like thousands of others. But because it has no future.

There’s no utility. No adoption. No team. No community. No liquidity. No reason to believe it will ever recover.

If you’re looking to invest in exchange tokens, stick with established ones: BNB, OKB, or even FTT (if you’re willing to take risk). They have real volume, real users, and real ecosystems.

OX is a tombstone. The price might pop again for a day. Someone will pump it. Someone will buy. Someone will lose money. That’s all it is now.

What Happens Next?

OX will keep drifting lower. Eventually, it’ll become so illiquid that even the biggest holders can’t sell. That’s when it dies - quietly, without fanfare.

No one will announce its end. No press release. No blog post. Just a contract address on Etherscan that no one visits anymore.

If you hold OX, your best move is to cut your losses. If you’re thinking of buying, walk away. There’s no upside. Only risk.

Final Thoughts

OX isn’t a crypto project. It’s a cautionary tale.

It had the ingredients for success: a clear idea, a blockchain foundation, a launch date. But it lacked everything that matters: a real team, a loyal community, a working product, and a plan for growth.

Today, it’s a ghost. The price is meaningless. The volume is invisible. The platform is abandoned.

If you’re reading this because you’re holding OX - sell. If you’re thinking of buying - don’t. There’s no recovery coming. No miracle. No second chance. Just a token that lost its purpose long ago.