OXEN is a fork of Monero that uses proof of stake instead of proof of work and supports instant transactions. Lokinet (onion router, like tor) and Session (messanger) are build on top of it. I just discovered it a week ago and I’m suprised that I hadn’t heard of it before. In my opinion It’s a better Monero (except that Monero has higher and more stable price)? What do you think about OXEM? Is it better or not, and why?
It is not focused on being money so much as it is focused on application building such as session and lokinet. Really, the only things you need $oxen (token) for is to setup a node or buy an oxen name and those are about the only use cases. I am by no means saying it is bad but it is not doing the same thing that Monero is.