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Author Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges  (Read 123054 times)
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September 14, 2017, 10:10:29 AM
 #1341

The team is very strong, so many people, where can you see the team members working background
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nickbelski
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September 14, 2017, 11:36:51 AM
 #1342

Guy, what is going on, why price is so dumped? It`s all about because OAX is completely chinese token and aimed at Asian market? When substantial price strengthening  could it be expected?

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September 14, 2017, 09:16:58 PM
 #1343

The team is very strong, so many people, where can you see the team members working background

Hello esabel, thank you very much, you're absolutely right about the team!

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September 16, 2017, 12:46:14 PM
 #1344

Guy, what is going on, why price is so dumped? It`s all about because OAX is completely chinese token and aimed at Asian market? When substantial price strengthening  could it be expected?

Hi nickbelski,
OAX Foundation is legally based in HK not mainland China. In fact OAX will be a Global platform.
Here is the project statement regarding current situation:
https://medium.com/@OAX_Foundation/oax-project-statement-evolving-regulation-9ceb0a49c5d

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September 16, 2017, 12:50:53 PM
 #1345

I really like openOAX coin! Hope this coin have great dev and make real world application!


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bitvoyager
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September 16, 2017, 02:15:10 PM
 #1346



I really like openOAX coin! Hope this coin have great dev and make real world application!

Thank you hdtqisg! OAX Token. Cool 

"Additionally, the foundation has acquired the OAX.org domain, and a rebranding exercise will be undertaken to remove “ANX” from the foundation and project branding, this is seen as necessary to present an open, neutral community project. This will aid the engagement of other industry firms."

https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322


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September 16, 2017, 04:41:31 PM
 #1347

Is this correct:

Circulating Supply
25,009,250 OAX

Total Supply
100,000,000 OAX



Are there going to be some coins burned?
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September 16, 2017, 06:51:19 PM
 #1348

I have seen projects go below ico price, but dear lord.
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September 16, 2017, 06:58:12 PM
 #1349

Is this correct:

Circulating Supply
25,009,250 OAX

Total Supply
100,000,000 OAX



Are there going to be some coins burned?

This is correct but they have any plan to burn these unsold tokens. The team has plan to sell them in different rounds in past they already explained about this. I hope soon they will make announcement about their future plan when they will sell these tokens.
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September 16, 2017, 08:16:29 PM
 #1350

I have seen projects go below ico price, but dear lord.

Just wait until the other 75M tokens are released  Grin
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September 16, 2017, 08:19:36 PM
 #1351

Is this correct:

Circulating Supply
25,009,250 OAX

Total Supply
100,000,000 OAX



Are there going to be some coins burned?

This is correct but they have any plan to burn these unsold tokens. The team has plan to sell them in different rounds in past they already explained about this. I hope soon they will make announcement about their future plan when they will sell these tokens.

Hello z0n0 Freaks,
1. Yes tha't correct about Circulating and Total Supply
2. Some info on this matter about future Token Sale(s)
"Due to this likely underspend; it is not clear that a second token sale will be required in 2018"
https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322

mv1986
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September 16, 2017, 09:51:12 PM
 #1352

Could someone please quickly summarize what this project is about? Like are you going to build a decentralized exchange or are you building an application for decentralized exchanges? If yes, what is that?

Hello mv1986
The official description is the REAL WORLD APPLICATION OF DECENTRALIZED EXCHANGES
I'd say widely this will be a huge platform for integration of all possible market participants (DEX, centralized exchanges, banks etc)
About Members possibilities on the OAX platform - you may take a look at Project Deck, page 19, The User Journey:
https://www.openanx.org/en/assets/documents/openANX_Project%20Deck_ENU.pdf
Also here is an interesting article on Medium:
https://www.reddit.com/r/OpenANX/comments/6fzxu9/how_is_openanx_different/
 

Ok but as huge as the claim is, are there sufficient resources to cover all demands that come with this moonshot project? I remember some projects claiming to launch a DEX and bla, but it mostly didn't work out. How long will it take until the platform is fully functional?


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Bounty Thread


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bcsuisse
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September 17, 2017, 08:33:32 AM
 #1353

I am buying oax tokens now as the price super low and I bet that de-centralized exchanges will be unstoppable from governments in the future.

china says we stop exchanges, so what no way to stop de-centralized exchanges.

Bitrated user: kentokyo.
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September 17, 2017, 09:10:08 AM
 #1354

The whitepaper mentioned quite clearly that the first releases are not expected before Q1 2018. I don't understand why people are so impatient?
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September 17, 2017, 03:09:49 PM
 #1355

I am buying oax tokens now as the price super low and I bet that de-centralized exchanges will be unstoppable from governments in the future.

china says we stop exchanges, so what no way to stop de-centralized exchanges.

The news about stop exchanges was announced a few days ago, but why the OAX price is still very low? or the de-centralized exchanges are not very popular?


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September 17, 2017, 06:45:07 PM
 #1356

Hi

To Hugh, Liam, and Dave: You have really failed your investors in this project. There is no inspiration or community with OpenANX and you have failed to inspire attention and people to invest. If you want people to draw to this project please do not bore them with legal or technical jargon. People interested in ANX want to see some development, not pictures of Hugh shaking hands and burning through your funds traveling/visiting other countries. Your team needs vision and actual milestones, not a flowery roadmap. We need specific commitments:

For example:

In Q4 we will achieve X
In Q1 2018 we will specifically achieve Y
By June the project will be released.

We need to see specific milestones (technically) being reached for anyone to feel this project is still current and that the 20 million raised was not in error.

It is not too late to turn things around but they require some big steps:


1) Getting your coins on more exchanges and being transparent with this.
2) Showing what you will actually achieve and the what you plan on coding and or showing the code from ANX Intl as a base (so this doesn't appear to be an empty vaporware project).
3) Being live, active, and energetic on social media. Please look at how blocksafe approaches its twitter and bitcointalk forums. Study communities like NEO and Dogecoin to see how they generate hype. As an example, when Mysterium went silent for a month people felt it was a scam, so the CEO was pressured to release a statement, be more active online, and post pictures of development etc...Even the best coins with best fundamentals will die without active marketing. Your marketing team is slow and feels like a regulatory, boring, old company at best. Cryptocurrency is fast paced and lives off momentum, not stagnation.
4) Show the world what type of value OpenANX can bring. You keep stating this coin will be beneficial because we'll all be hurting when an exchange gets hacked and takes our funds. However, I'd rather risk an exchange holding my funds, than an exchange that doesn't exist at all holding my funds (aka OAX has no working product).


Hugh, Liam etc... you may not care about the price of OAX, but when this coin goes to 1 cent and no one wants to buy it because it is on no exchanges what's the point of even developing it? You do realize if this project fails to inspire investor confidence, it will bleed over to ANX international and hurt your major brand, right? Why would you advertise OAX on the front page of ANX international if people don't think this is a good project? And how people think this is a good project is through investor confidence, aka a product and a higher marketcap. Don't act like the price is irrelevant, you raised funds for a reason and people invested in your coin for a reason. This isn't a charity or an open-source grassroots coin. You raised 20 million and now you are responsible to create a business out of it.
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September 17, 2017, 06:48:29 PM
 #1357

I agree, price of coin dropping like it has no value..

its almost 300% down from the time it listed on binance
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September 17, 2017, 07:23:59 PM
 #1358

The whitepaper mentioned quite clearly that the first releases are not expected before Q1 2018. I don't understand why people are so impatient?

I also prefer them doing their work silently until there's something to show. Most ICOs are seed stage venture capital investments, if you can't handle that, don't invest. I'm getting tired of people expecting huge profits for absolutely no reason, OAX was clearly overvalued when it got listed on Binance, I mean its market cap was above 70m, are those guys mental? The reason the price is so low now is that investors are just too impatient. Walton (WTC) was just as bad, I made 500% profit on that just because they were stupid.
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September 17, 2017, 07:58:26 PM
 #1359

For those that want the creators to work in silent...why? Why don't you want progress of the work to be displayed? There is a huge risk of working in silent, the devs can simply take your money and run if you don't hold them accountable every step of the way.
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September 18, 2017, 01:17:34 AM
 #1360

Hi

To Hugh, Liam, and Dave: You have really failed your investors in this project. There is no inspiration or community with OpenANX and you have failed to inspire attention and people to invest. If you want people to draw to this project please do not bore them with legal or technical jargon. People interested in ANX want to see some development, not pictures of Hugh shaking hands and burning through your funds traveling/visiting other countries. Your team needs vision and actual milestones, not a flowery roadmap. We need specific commitments:

For example:

In Q4 we will achieve X
In Q1 2018 we will specifically achieve Y
By June the project will be released.

We need to see specific milestones (technically) being reached for anyone to feel this project is still current and that the 20 million raised was not in error.

It is not too late to turn things around but they require some big steps:


1) Getting your coins on more exchanges and being transparent with this.
2) Showing what you will actually achieve and the what you plan on coding and or showing the code from ANX Intl as a base (so this doesn't appear to be an empty vaporware project).
3) Being live, active, and energetic on social media. Please look at how blocksafe approaches its twitter and bitcointalk forums. Study communities like NEO and Dogecoin to see how they generate hype. As an example, when Mysterium went silent for a month people felt it was a scam, so the CEO was pressured to release a statement, be more active online, and post pictures of development etc...Even the best coins with best fundamentals will die without active marketing. Your marketing team is slow and feels like a regulatory, boring, old company at best. Cryptocurrency is fast paced and lives off momentum, not stagnation.
4) Show the world what type of value OpenANX can bring. You keep stating this coin will be beneficial because we'll all be hurting when an exchange gets hacked and takes our funds. However, I'd rather risk an exchange holding my funds, than an exchange that doesn't exist at all holding my funds (aka OAX has no working product).


Hugh, Liam etc... you may not care about the price of OAX, but when this coin goes to 1 cent and no one wants to buy it because it is on no exchanges what's the point of even developing it? You do realize if this project fails to inspire investor confidence, it will bleed over to ANX international and hurt your major brand, right? Why would you advertise OAX on the front page of ANX international if people don't think this is a good project? And how people think this is a good project is through investor confidence, aka a product and a higher marketcap. Don't act like the price is irrelevant, you raised funds for a reason and people invested in your coin for a reason. This isn't a charity or an open-source grassroots coin. You raised 20 million and now you are responsible to create a business out of it.

Hi IhateICO's, thanks for the note. Strange choice of name for a token sale backer. I understand your frustration, really I do. However, I feel we have been nothing but transparent. We have posted updates in terms of our roadmap, and how this will progress in the next 4 months until the end of the year. At this stage it looks like we will have something early rather than late, but I can't guarantee this so we are still following the roadmap as published.To answer your questions one at a time

1) We have said we cannot speculate on exchanges from day one. The reason for this should be pretty clear based on recent developments in China. We want to be a successful long term business, and to do that we must be responsible and in line with regulation. To not do that, or to ride the hype train would be irresponsible
2) We have posted user journey's on Slack, code updates on GitHub for KYC/AML tokens, which should show that our first step is to get asset gateways in place from Day #1. We won't simply push out a product that doesn't have these systems in place. One of the great benefits of the OAX project is the asset gateways and fiat channels. The ecosystem needs them to work, so we will have them from the start.
3) We have never been silent, I can understand that we can certainly improve, and we'll try to do that, but we are here every day. We are looking at doing an AMA in the next two weeks on Slack with Hugh and some of the developers. We are moving, obviously just not as fast as some people would like. We cannot predict things like the changes in China, or Korea, or other markets.
4) We were clear from the beginning what the timeline was. I'm not sure what we are getting at here.

In addition, the good news we have given you have ignored. The fact that we are in good financial health and don't need a second token sale in 2018 is surely a good thing? As I mentioned on the Slack channel we are still considering the best way to approach what that means in terms of the remaining tokens. We will update you when we have made a decision.

In closing, I do understand that you are frustrated. We are working hard to deliver a great project. If you have specific questions about the project, I'll be happy to try and answer them

www.openanx.org "All Your Base Belong To Us"
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