OXM Protocol (old): Centralized Trading Protocol on BSC

What is OXM Protocol (old)

Friends, imagine when we buy and sell things in daily life, such as shopping on Taobao, we always need a centralized platform to complete the transaction, right? In the blockchain world, many projects also aim to provide similar trading venues, but their goal is to make the process more transparent and decentralized. OXM Protocol (old) was such an attempt, building a “marketplace” framework on the blockchain.

Specifically, OXM Protocol (old) is a centralized trading protocol running on the Binance Smart Chain (BSC). Simply put, BSC is like a highway, and OXM Protocol (old) is a large trading center planned on this highway. Its main goal is to provide an open financial market for traders, liquidity providers, and developers, removing entry barriers so everyone can participate. To use a more vivid analogy, it aims to build a global, secure financial trading resource hub to help make future financial activities more convenient and secure.

Its target users are those who want to trade in the cryptocurrency market, provide funds (liquidity), or develop applications. Although it is called a “protocol,” its original vision was to launch a centralized trading application, allowing users to conveniently trade their OXM tokens.

Project Vision and Value Proposition

The vision of OXM Protocol (old) is to become a “global secure financial trading resource,” dedicated to empowering the financial development of future generations. The team hopes that through this project, they can bridge the gap between traditional finance and the cryptocurrency market, enhancing the user trading experience. Imagine it as building a bridge connecting the familiar world of traditional finance with the vibrant world of cryptocurrencies, enabling everyone to conduct financial activities more smoothly.

The core problem it aims to solve is to provide a barrier-free open financial market. At the time, the project team also emphasized building the “most decentralized and community-driven platform,” allowing every user to play a role in decision-making. This sounds a bit like a “digital bank” managed collectively by everyone, rather than controlled by a few.

As for its differences from similar projects, the whitepaper (or similar documents) mentioned that they have a long-term vision and are committed to providing ongoing benefits for OXM token holders. In addition, it aims to offer all the advantages of centralized finance, such as high leverage, low slippage, and low trading costs.

Technical Features

The technical foundation of OXM Protocol (old) is the Binance Smart Chain (BSC). BSC is a very popular blockchain, known for its fast transaction speeds and relatively low fees. The OXM token itself is a BEP20 token, which is the most common token standard on BSC, just like ERC20 tokens on Ethereum, defining the basic functions and rules of the token.

Although it runs on the blockchain, the project team describes it as a “centralized trading protocol.” This may sound a bit contradictory, since blockchain is usually associated with “decentralization.” Here, “centralized” may refer to the fact that trade matching and some operations still rely on servers or entities controlled by the project team, while “protocol” refers to the rules and smart contracts defined on the blockchain. It aims to provide an innovative version of the “classic exchange/trading/DEX interface,” with rich parameters and tools to optimize user experience and provide more data. In addition, to efficiently store data, it also considered the limitations of EVM (Ethereum Virtual Machine) smart contracts.

As for the consensus mechanism, since it is deployed on BSC, it utilizes BSC’s own consensus mechanism, namely Proof of Staked Authority (PoSA). This is a mechanism that combines proof of stake and proof of authority, designed to improve transaction efficiency and network security.

Tokenomics

The native token of OXM Protocol (old) is OXM. Its issuance chain is the Binance Smart Chain (BSC).

The project’s total supply is set at 10,000,000 OXM tokens. However, according to currently available information, its circulating supply is reported as 0 OXM, meaning there are currently no OXM tokens in circulation on the market, or the circulating amount is extremely low. Accordingly, its market cap is also reported as $0.

The project team once described the OXM token as a deflationary token and planned to take anti-inflation measures to maintain token stability and encourage users to hold. Like a limited-edition collectible, if the quantity keeps decreasing, theoretically its value may increase.

The main uses of the OXM token include:

• As a utility token for the ecosystem.
• Incentivizing liquidity providers and traders, encouraging everyone to provide funds for the market and trade.
• Facilitating decentralized governance, where OXM token holders can obtain voting rights based on the number of tokens they hold and participate in decisions about the project’s future development.
• Used for arbitrage trading, i.e., earning the spread by buying low and selling high.
• Earn income through staking or lending.
• For payments or transfers.
• The project also plans to introduce NFTs (Non-Fungible Tokens), converting contracts into NFTs for trading.

In terms of token allocation and unlocking, the project team planned to retain 10% of newly minted tokens, with 10% for wallet development (locked) and 10% for market management. In addition, staking and mining rewards were designed as important ways for the community to obtain tokens.

Team, Governance, and Funding

Regarding the core team members of OXM Protocol (old), there are currently no detailed names or backgrounds listed in public information. The whitepaper (or similar documents) mentions the “team behind the OXM exchange” and emphasizes their clear vision and thorough planning for project development. There is also information stating that team members and founder information would be introduced, but specific content was not found in the search results.

In terms of governance mechanism, OXM Protocol (old) aims to achieve decentralized governance. This means OXM token holders can submit proposals, vote, and jointly decide the project’s future direction. This governance system is designed to be fully on-chain, with users holding more tokens having greater voting power and influence. Like a community parliament, members with more votes have a bigger say in decisions.

As for the project’s treasury and funding runway (fund reserves and sustainable operation capability), no specific information disclosure was found in the current search results.

Roadmap

According to currently available information, the roadmap information for OXM Protocol (old) is very limited. A historical milestone mentioned in the whitepaper (or similar documents) is:

• 2021: Website launch.

For future major plans, the whitepaper once mentioned that once the derivatives trading protocol mainnet is released, the governance system will be improved. However, given the current level of project activity, the progress of these future plans is unclear.

Common Risk Reminders

Friends, when learning about any blockchain project, risk awareness is very important. For projects like OXM Protocol (old), we need to pay special attention to the following points:

Technical and Security Risks

• Smart contract risk: Any project based on smart contracts may have code vulnerabilities, which could lead to loss of funds.
• Centralization risk: Although the project aims for decentralized governance, the nature of its “centralized trading protocol” means that some operations may rely on the project team, which could bring single points of failure or censorship risk.
• Whitepaper risk warning: The project whitepaper itself clearly states that participating in token sales carries significant risk, which may result in the loss of all or most funds, and crypto tokens may be subject to theft or misappropriation.

Economic Risks

• Low project activity: Currently, the official website of OXM Protocol (old) has been offline since March 18, 2025, the token price is $0, 24-hour trading volume is $0, and circulating supply is also reported as 0. This indicates the project is currently extremely inactive or may have ceased operations, with almost zero investment value.
• Insufficient market liquidity: Zero trading volume and zero circulating supply mean there is almost no market liquidity, making it difficult to sell tokens even if you hold them.
• Project migration risk: There is information showing that OXM Protocol (old) has migrated to a new contract address, and there is an “OXM Protocol (new)” version. This means the “old” version may have been abandoned, and its token value may have been transferred or become zero.

Compliance and Operational Risks

• Information opacity: The lack of active official channels and detailed team information increases the project’s opacity.
• Regulatory uncertainty: The regulatory environment in the cryptocurrency field is still evolving, and any project may face compliance challenges.

Please remember: The above information is for reference only and does not constitute any investment advice. Be sure to conduct thorough independent research and risk assessment before making any investment decisions.

Verification Checklist

For projects like OXM Protocol (old), we can verify through the following methods:

• Block explorer contract address:
  • The contract address of OXM Protocol (old) on Binance Smart Chain (BSC) is:
    0x8e40676107C949C86dF0DAf53f05c9e521c39a18
    . You can check the transaction records and token holdings of this address via block explorers such as BscScan.
  • It should be noted that there is information indicating OXM has migrated to a new contract address, which means the above address may represent an old, inactive contract.
• GitHub activity:
  • No active GitHub repository information specifically for “OXM Protocol (old)” was found in the search results. Although “0xProject” GitHub was mentioned, that is a different project. This suggests the project may lack public development activity, or its codebase is not public.
• Official website status:
  • The official website of OXM Protocol (old) (oxm-protocol.com) has been offline since March 18, 2025. This is a very important signal, usually indicating the project has stopped maintenance or operations.

Project Summary

OXM Protocol (old) was a centralized trading protocol once built on Binance Smart Chain (BSC), aiming to provide users with an open, barrier-free financial market. It envisioned incentivizing trading, providing liquidity, and achieving decentralized governance through its native OXM token, allowing token holders to participate in project decisions. The whitepaper (or similar documents) outlined a grand vision to bridge the gap between traditional finance and cryptocurrencies, and to offer the advantages of centralized finance.

However, according to the latest available information, the current status of the OXM Protocol (old) project is not optimistic. Its official website is offline, token price and trading volume are both $0, and circulating supply is also reported as 0. In addition, there are signs that the project may have migrated to a new contract address, or there is an “OXM Protocol (new)” version, further suggesting the “old” version may no longer be active or has been abandoned.

In summary, OXM Protocol (old) appears to be a project that has lost its vitality. For any blockchain project, active development, a transparent team, a healthy community, and accessible official resources are all signs of its vitality. Given the current state of OXM Protocol (old), it no longer possesses these characteristics. Therefore, for anyone considering this project, this is by no means investment advice, but rather a signal to exercise extreme caution.

For more details, please conduct your own research, and always be aware of the high risks of cryptocurrency investment.