Oex mined tokens, is the application of android reliable?

[senyorito123]

Let's open up a discussion about oex mined tokens, would this soon hit the market as this is a new exchange in the future.
Can we rely on this android app? I guess more miners were doing preparation for token distribution. I do have mined tokens right now, but am still thinking how the rewards goes through when everything has been fulfilled based on their roadmap.

[MiF]

I am not familiar with this mining app but is sounds interesting, a new exchange it sounds good but still we don't need to put 100% trust on everything this is crypto and everything may change after a few months or years, i been promoting so many new exchange project through signature campaign before and i never earn most of them are not successful and turn into a shit project and abandoned by the developer so be careful and control you're emotions with regards to the new project because not all of them will give you a profit.

[Text]

I think, there's no real "mining" with these apps. They often function more like airdrop faucets or reward programs. It's tough to say if this specific app is reliable. Be cautious and do your research before investing any time or effort. Look for reviews from trusted sources and see if the app is transparent about its terms and conditions.

The OEX tokens are part of the OpenEX Network, a platform that aims to revolutionize trading protocols by offering fast, secure, and transparent trades across Core blockchains. The native token in OpenEX’s ecosystem is $OPE.

The OpenEX Network advises users to only download the APK package from their official website links and to validate the download link CID information with the APK installation package’s SHA1 checksum to ensure the package’s integrity and safety. They also recommend not using root-accessed mobile devices with their app and backing up your wallet recovery mnemonic in the settings’ backup option.

They have a total supply of 10 Billion OEX tokens. The distribution includes Community Airdrop (20%), Early Contributors (10%), Core Team (15%), OEX Foundation (25%), and Staking Rewards (30%). The tokens mined will be subjected to a one-year vesting period, in which 10% will be released upon TGE and released linearly in one year.

https://medium.com/@OpenEx_HQ/introducing-ope-and-openexs-trade-mining-campaign-228457015e17
https://docs.openex.network/docs/

[senyorito123]

I think, there's no real "mining" with these apps. They often function more like airdrop faucets or reward programs. It's tough to say if this specific app is reliable. Be cautious and do your research before investing any time or effort. Look for reviews from trusted sources and see if the app is transparent about its terms and conditions.

I'm cautious and careful with what this app has provided me in terms with their token drops. I was well provided with their last successful project which I first participated which is core tokens but the distribution is monthly based with few amount. Looking into this scenario, I appreciated your advice and you're really concern on this mining platform that technically has no mining server in reality.
Indeed it's undeniable, new crypto projects nowadays that promotes their token used kind of strategy in order to grow their community.

[JayDDee]

Anything that requires an "app" that is only provided by them is likely a scam. It's just another angle to the "mobile only" scam.
If it's mobile only, and provided with an app,  it's not real mining, it's running their app which can do anything.
If it really was mining it would burn up your phone.

Most are just click and like generators for sites like youtube that pay by the hit. Except they keep the real money from youtube and give you
some worthless token in exchange. The apps also ask for permissions so they can steal users' data, download malware, anything.

Best to avoid all of them.