About OMAX COIN

OMAX cryptocurrency, also known as OMAX COIN, is designed to incorporate best practices from fiat currencies worldwide, making it user-friendly and highly functional. It is a tradable utility payment coin created on the OMAX blockchain, complying with industry standards and protocols. The OMAX Chain employs a Proof of Stake (PoS) consensus mechanism that enables fast block times and lower transaction fees. The most staked validator candidates are selected to validate and produce new blocks. Security, stability, and finality are ensured through double sign detection and slashing mechanisms. Additionally, the OMAX Chain supports smart contracts and protocols compatible with Ethereum Virtual Machine (EVM). OMAX COIN is the native and sole currency used within the OMAX ecosystem.