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Author Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges  (Read 123037 times)
bamb
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October 11, 2017, 04:43:01 AM
 #1501

Anx for all my trading years have always been centralized! The exchange proved to be one of the best in Asia! This decentralise project is only telling anybody that care to observe only one thing! Decentralized exchange is the future! There are dex poping up everywhere now, but the good ones with next to nothing fee will win!



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October 11, 2017, 09:01:15 AM
 #1502

Anx for all my trading years have always been centralized! The exchange proved to be one of the best in Asia! This decentralise project is only telling anybody that care to observe only one thing! Decentralized exchange is the future! There are dex poping up everywhere now, but the good ones with next to nothing fee will win!

Ineed.
I believe ystday RadarRelay went live, but the fee is way too high and for that reason I will not use the platform.

Like you said: "the good ones with next to nothing fee will win".

Lets hope OAX gets this.
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October 11, 2017, 09:09:52 AM
 #1503

Anx for all my trading years have always been centralized! The exchange proved to be one of the best in Asia! This decentralise project is only telling anybody that care to observe only one thing! Decentralized exchange is the future! There are dex poping up everywhere now, but the good ones with next to nothing fee will win!

If you really believe that decentralized exchanges is our future you should check this thread Wink
https://bitcointalk.org/index.php?topic=2015949.0
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October 11, 2017, 09:17:44 AM
 #1504

Anx for all my trading years have always been centralized! The exchange proved to be one of the best in Asia! This decentralise project is only telling anybody that care to observe only one thing! Decentralized exchange is the future! There are dex poping up everywhere now, but the good ones with next to nothing fee will win!

Ineed.
I believe ystday RadarRelay went live, but the fee is way too high and for that reason I will not use the platform.

Like you said: "the good ones with next to nothing fee will win".

Lets hope OAX gets this.

Those "decentralized exchanges" are not really "decentralized". They look decetralized but they are actually centralized by design. Anything with a web access is.

There was a paper somewhere explaining why these so called decentralized exchanges weren't really decentralized.


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bitvoyager
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October 11, 2017, 12:20:09 PM
 #1505




OAX Hosting the 1st Digital Payments Working Group Nov 8th

Seeking "Expressions of Interest" from fintech, payments & exchange firms

Contact Liam Bussel on OAX Slack @ipbatoax.

https://twitter.com/OAX_Foundation/status/918017520480612352


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October 11, 2017, 03:09:14 PM
 #1506

This coin is good but it is so much dependent of volatility even when the payouts were not made for signature hunters the price was 0.66$ as soon as payouts were sent the price crashed to 0.45 USD, are only bounty hunters using this token?

Bounties are free money to those who collect them. I guess most of it will be dumped right away and therefore bring about some price pressure. But that is temporary.

Hello mv1986, you are thinking quite right of in theory, but in practice the influence of Bounty payments is very low. Let me prove this.
1. OAX daily trade volume = near 300K OAX (https://coinmarketcap.com/currencies/oax/)
2. Bounty tranche = near 10K, most bounty hunters believe in the project and prefer to keep OAX, so, don't know, maybe up to some tens % decided to sell tokens right here right now. Let's concider 3K OAX.
3. 3K to 300K = 1%
I think the influence of 1 additional percent during 1 day is equal to almost zero. And can be not counted at all.

Oh I am actually quite on your side. I also don't think that the impact is anywhere near significant. But when the bounties get released, it is possible that if everybody more or less dumps it at once, then there is a tiny impact. And your calculation shows that it's most likely negligible. A coin with good demand should be able to cope with that.


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October 12, 2017, 02:13:14 AM
 #1507

Hello, I am interested in this project, decenterized exchanges will be the future in my opinion. But for now, what is the progress of this project, when can we use this exchange?

 
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October 12, 2017, 02:25:06 AM
 #1508

This coin is good but it is so much dependent of volatility even when the payouts were not made for signature hunters the price was 0.66$ as soon as payouts were sent the price crashed to 0.45 USD, are only bounty hunters using this token?

Bounties are free money to those who collect them. I guess most of it will be dumped right away and therefore bring about some price pressure. But that is temporary.
That's right. Just wondering how long it will last if temporarily. The project is still new and I have not much hope for more growth right now. The next year may increase the price see.
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October 12, 2017, 10:46:39 AM
Last edit: October 12, 2017, 08:29:59 PM by bitvoyager
 #1509

Hello, I am interested in this project, decenterized exchanges will be the future in my opinion. But for now, what is the progress of this project, when can we use this exchange?

Hello wantangcfftc020, thank you for the interest to the OAX platform!

1. According to the initial Roadmap the prototype release is planned on the Q2 2018 - https://oax.org/en/#milestone
2. I'd recommend you to check the Dev AMA transcript, it took place just some days ago on our Slack:
    https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
3. And here is the info on closest plans and long-term strategy:
   https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-technology-stream-120a8ef3046b  
    https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-legal-and-regulatory-stream-8d9a3d4671a2
    https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322

Welcome to join our other social channels:

WEBSITE | WHITEPAPER | YOUTUBE | SLACK | TWITTER | MEDIUM | REDDIT | WECHAT | TELEGRAM  

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October 12, 2017, 08:25:17 PM
 #1510

This coin is good but it is so much dependent of volatility even when the payouts were not made for signature hunters the price was 0.66$ as soon as payouts were sent the price crashed to 0.45 USD, are only bounty hunters using this token?

Bounties are free money to those who collect them. I guess most of it will be dumped right away and therefore bring about some price pressure. But that is temporary.

I agree with you  the amount bounty hunters have is not so high to worry about, not the market is red for many project, especially for long term, so OAX looks not that bad, in case it was the only one I would worry, I just wait for any updates when the prototype will be ready and to see at least the screens and to get the idea how it will look like, I'm curious.
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October 12, 2017, 11:38:30 PM
 #1511




OAX Welcomes Cerulean Hu officially to the Dev coalface!

Cerulean Hu, Development. Cerulean brings a wealth of experience to the project’s development team.
She has been developing in the blockchain space since 2013, and has experience in BTC, Multichain,
Hyperledger/Fabric and large scale deployments.
https://www.linkedin.com/in/cerulean-hu-landan-hu-21834226/

https://www.linkedin.com/in/onetom/
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
https://twitter.com/OAX_Foundation/status/918292002743074816


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October 13, 2017, 11:45:34 AM
 #1512

should i stay with OAX or they're done ? i see no progress and i seriously thinking to sell all coins. any thoughts ?
thanks
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October 13, 2017, 12:42:37 PM
 #1513

should i stay with OAX or they're done ? i see no progress and i seriously thinking to sell all coins. any thoughts ?
thanks

Hi andrei 1982, you to decide
I'd recommend you to check the Dev AMA #1 transcript, quite a lot of info for consideration:
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
Also here is the info on closest plans and long-term strategy:
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-technology-stream-120a8ef3046b 
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-legal-and-regulatory-stream-8d9a3d4671a2
https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322

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October 13, 2017, 01:12:02 PM
 #1514

should i stay with OAX or they're done ? i see no progress and i seriously thinking to sell all coins. any thoughts ?
thanks

Hi andrei 1982, you to decide
I'd recommend you to check the Dev AMA #1 transcript, quite a lot of info for consideration:
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
Also here is the info on closest plans and long-term strategy:
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-technology-stream-120a8ef3046b 
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-legal-and-regulatory-stream-8d9a3d4671a2
https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322
seems i\m gonna stay for a while Smiley
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October 13, 2017, 05:56:12 PM
 #1515

seems i\m gonna stay for a while Smiley
Nice to have you onboard, andrei1982 Smiley

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October 13, 2017, 08:52:24 PM
 #1516

seems i\m gonna stay for a while Smiley
Nice to have you onboard, andrei1982 Smiley

Smiley) thanks
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October 14, 2017, 12:00:05 PM
Last edit: October 14, 2017, 02:44:29 PM by bitvoyager
 #1517




"The gang's all here!" OAX Dev team meeting

Tamas Herman, Core Developer
Geoffrey Tipton, Core Developer
Cerulean Hu, Developer
Sawyer Zhang, Developer
Lio Lunesu, Technology Adviser

https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
https://medium.com/@OAX_Foundation/oax-dev-ama-1-full-transcript-in-russian-faf55d9b29df


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October 14, 2017, 01:12:18 PM
 #1518

This coin is good but it is so much dependent of volatility even when the payouts were not made for signature hunters the price was 0.66$ as soon as payouts were sent the price crashed to 0.45 USD, are only bounty hunters using this token?

Bounties are free money to those who collect them. I guess most of it will be dumped right away and therefore bring about some price pressure. But that is temporary.
That's right. Just wondering how long it will last if temporarily. The project is still new and I have not much hope for more growth right now. The next year may increase the price see.

The project is still new, exactly. And at the same time you don't have any more hope for growth? This whole thing is brand new. Even in crypto you will be well advised if you play it smart and with patience.


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IhateICOs
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October 15, 2017, 09:09:02 AM
 #1519

OAX is trash and a scam. The company raised 25 million dollars and scammed us all.
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October 15, 2017, 01:43:06 PM
 #1520

OAX is trash and a scam. The company raised 25 million dollars and scammed us all.
I wont call them a scam as they are registered company with known people, but yeah they have failed to show real growth in terms of Fund. The current price is $0.411989 which is insane, why would a investor will ever want to deprecate his token value if it does not grow then either the intrinsic value should be kept.

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