What is OX Coin (OX)?
OX Coin is the native currency of [OX.FUN](https://ox.fun) - a nextgen SocialFi perps exchange. ###What is OX.FUN? OX.FUN is a derivatives exchange where users can trade 200+ coins with up to 50x leverage, including the latest meme tokens. It also supports a diverse range of memecoin collateral, allowing holders to get the most out of their meme portfolios. ###What is the Utility of OX Coin?
How does OX Coin work?
* OX can be used to stake, earn yield and participate in [OX.FUN Vaults](https://ox.fun/vaults) * OX is accepted as trading collateral on OX.FUN * All fees on OX.FUN are collected in OX * OX is the native PnL currency of OX.FUN ###What are OX.FUN Vaults? Users on the platform can stake in a range of passive strategy vaults, allowing them to earn yield in ranging, upward and downward trending markets.