hi Fiki, yes, the key idea is that rather than handing over your crypto key for both fiat and tokens like you do on a centralized exchange, you only ever allow an Asset gateway to hold the keys to ONE type ofAsset. For example, if its an ETH to BTC Gateway, they hold BTC, if it's ETH to Fiat they hold the Fiat. This reduces risk significantly.

In addition, the platform solves the problem some other decentralized projects have by increasing the number of Asset Gateways available to users and adding "Gateway Collateral" so users funds are "secured" against the gateway in case of a hack or other issue.

The system will aim to integrate with all existing exchanges and decentralized platforms, increasing liquidity and transparency to all users.

If you'd like to know more, please check us out on r/openanx for more info.

Hey NaXxow, thanks for the interest. We are pretty different than DCORP, we are a real world application of the DEX concept. We aim to solve the two major challenges facing existing DEX.

1) The lack of liquidity in existing DEX
2) The ability to get fiat currency on and off chain

Hey guys, I saw that they will be posting bounties later tonight or tomorrow.

All cryptocurrency users know the shortcomings of the current centralized exchange model (CEM). Everyone knows about hacks of exchanges, and news of a fresh hack comes along fairly often. Nearly every trader I know has lost some BTC or alt-coins at least once.

Does it have to be that way?

There have been some attempts to improve the system. Exchanges upgrade security, or a decentralized exchange comes along, promising change. This is good. But many of these new projects then suffer their own problems. The news around users of some exchanges not being able to withdraw or deposit funds is pretty common these days too.

When we talk about these decentralized exchange platforms like EtherDelta and BitShare, we see they have made some improvements and are great. But they have two new problems.

First, they don’t have enough users and therefore they lack trade volume and hence liquidity. Go to any one of them and try to buy 10 BTC and see what happens.

Second, some of these platforms use a model that means “one settlement per trade” This is not ideal for a trader making many trades, or volume players.

So, the decentralized model is good, but it still has some room for improvement.

Everything you said just makes perfect sense, thanks for the post!

They have a blog over here

https://medium.com/@OAX_Foundation

Hi guys, sent you some info about an upcoming project I'm involved with (w3_dot_openanx_dot_org), have a look and let me know if you need anything further.

Website is great, by the way  mail is below if you need it.

projectstallman@openanx.org

I'm curious, as I'm working a bit on a project at the moment, is it not possible that someone has a good idea and can't bring it to reality without backers?

I saw this! are those guys meeting about the new project?

I saw the chainb post.http://chainb.com/?P=Cont&id=4409 and the website www.openanx.org