Question 1

*What is Omax ?*

Accepted Answer

OMAX Chain operates as a decentralized, open-source blockchain system with its native cryptocurrency, Omax. It serves as a platform for various other cryptocurrencies and facilitates the execution of decentralized [smart contracts](https://coinmarketcap.com/academy/article/what-is-a-smart-contract).

Omax stands as a [Layer 1 ](https://coinmarketcap.com/academy/glossary/layer-1-blockchain)blockchain platform amalgamating the transparency intrinsic to public blockchains with the celerity and security emblematic of private networks. Leveraging blockchain technology and cutting-edge infrastructure, the project aspires to furnish its users with streamlined financial services.

Employing a [DPoS](https://coinmarketcap.com/academy/glossary/delegated-proof-of-stake-dpos) consensus mechanism within its open-source software, Omax realizes expeditious transactions, seamless interoperability, and robust cybersecurity. Boasting a capacity to handle 100,000 [TPS](https://coinmarketcap.com/academy/glossary/transactions-per-second), the network, fortified by interoperable smart contracts and [EVM](https://coinmarketcap.com/academy/glossary/ethereum-virtual-machine-evm) compatibility, facilitates users in scaling their projects with heightened ease.

Question 2

*Who Are the Founders of Omax chain?*

Accepted Answer

Founded in 2021, with roots stretching from the United Kingdom and Australia, Omax has currently established its base in Dubai, UAE.

The visionary architects behind this venture are Tony and Nick. Tony, a tech entrepreneur of the blockchain realm, earned his bachelor's degree in computer science and engineering in the London, United Kingdom.

In contrast, Nick, equipped with a bachelor’s degree in Commerce from Melbourne,Australia, brings forth extensive experience in marketing and commercials.

A quartet of additional developers have actively contributed to the developmental endeavors of [Omaxchain](https://omaxscan.com/).

Question 3

*What Makes Omax Chain (OMAX) Unique?*

Accepted Answer

Distinguishing itself, [Omax Chain](https://omaxscan.com/), as an  [EVM](https://coinmarketcap.com/academy/glossary/ethereum-virtual-machine-evm)-compatible layer 1 blockchain with low gas fees and high throughput. This unique compatibility positions it as a favored platform for developers and financial institution seeking to build applications.

Further, integration with ivendpay and the ecommerce industry augments utility, promising a streamlined experience for investors and businesses alike.

[Omax Chain](https://omaxscan.com/) endeavors to surmount challenges neglected by early blockchain networks, encompassing low network bandwidth, exorbitant fees, and a suboptimal developer experience. With support for smart contracts, developers can opt to construct applications and protocols on the blockchain.

Question 4

*How Is the Omax chain Secured?*

Accepted Answer

Omax Chain ensures its security through the implementation of a [DPoS](https://coinmarketcap.com/academy/glossary/delegated-proof-of-stake-dpos) consensus mechanism. This mechanism relies on participants who hold a stake in the network to validate and confirm transactions. the more authority a participant has in the consensus process, thereby enhancing security.

Question 5

*Where Can You Buy OMAX* ?

Accepted Answer

As of January 2024, the acquisition of [OMAX](https://omaxcoin.com/) is facilitated through various platforms, including
* [MEXC](https://coinmarketcap.com/exchanges/mexc/)
* [Bitmart](https://coinmarketcap.com/exchanges/bitmart/)
* [Lbank](https://coinmarketcap.com/exchanges/lbank/)
* [XT.com](https://coinmarketcap.com/exchanges/xt/)
* [Coinsbit](https://coinmarketcap.com/exchanges/coinsbit/)

and other centralized exchanges (CEXs) and decentralized exchanges (DEXs) like [Omaxswap](https://omax.app).

For real-time tracking of [Omax](https://coinmarketcap.com/currencies/omax-token/) or [Ethereum](https://coinmarketcap.com/currencies/ethereum/) prices, consider downloading the [CMC](https://coinmarketcap.com/) mobile app, ensuring prompt and convenient access to the dynamic cryptocurrency market.

To enhance your understanding of the crypto realm, delve into the [CMC blog](https://coinmarketcap.com/academy/categories/blog), a valuable resource for expanding your knowledge and staying abreast of industry developments.

Acquaint yourself with [PoS](https://coinmarketcap.com/academy/glossary/proof-of-stake-pos) in the[ CMC glossary](https://coinmarketcap.com/academy/glossary), and explore in-depth information about [Altcoins ](https://coinmarketcap.com/academy/categories/altcoins)with [CMC Alexandria](https://coinmarketcap.com/academy).

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What is Omax ?

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