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Author Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges  (Read 121335 times)
Dvd1989
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June 24, 2017, 02:55:54 PM
 #521

If I send ETH from MyEtherWallet, will the OAX tokens be transferred to my MyEtherWallet automatically (after some time)?
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bitvoyager
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June 24, 2017, 03:05:14 PM
 #522

If I send ETH from MyEtherWallet, will the OAX tokens be transferred to my MyEtherWallet automatically (after some time)?

Thanks for the interest, Dvd1989!
You'll be able to view your OAX contribution and balance in MEW
Check the “How-to-Contribute” Guidebook for Users, How to Contribute to OAX from MEW starts on Page, 8:
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf


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June 24, 2017, 03:12:19 PM
 #523

If I send ETH from MyEtherWallet, will the OAX tokens be transferred to my MyEtherWallet automatically (after some time)?

Thanks for the interest, Dvd1989!
You'll be able to view your OAX contribution and balance in MEW
Check the “How-to-Contribute” Guidebook for Users, How to Contribute to OAX from MEW starts on Page, 8:
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf



Thanks for your reply. I see that you guys recommend 100.000+ gas with a Gwei of 60. How much ETH would that approximately be?  

EDIT: I can not select the amount of Gwei in MyEtherWallet, so I can't select 60 Gwei. Any suggestions?

Want to contribute..
Visin
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June 24, 2017, 03:18:27 PM
 #524

Almost 70% of the 30,000,000 OAX are sold as shown in the website and I think it will be sold out in this weekend, if so, the signature campaign will be over just on this Sunday?
If all token get sold out early than signature also will ended early but that is bounty related question so into bounty thread you will get quicker response regarding this question.

I think if the tokens are not sold out this sunday and for example; all the tokens are sold in monday the campaign will continue till sunday I think the campaign will end at the week end where the tokens been sold out.

Thanks for the participation in the bounty, guys!
Watch for announcements from the openANX team in the Bounty thread:
https://bitcointalk.org/index.php?topic=1947373.0


so the ICO is done for now?

No, the Token Sale is still going.
The clear announcements about any changes to the Bounty program will be posted at its thread.

Since the minimum for the ICO is met is there any talk about ending the ICO early to make the coins more valuable then it is right now?

Once the ICO is over how will you guys bring more investors into your project? I hope that you guys advertise on the T.V's in China.

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bitvoyager
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June 24, 2017, 03:24:03 PM
Last edit: June 24, 2017, 03:41:42 PM by bitvoyager
 #525


Thanks for your reply. I see that you guys recommend 100.000+ gas with a Gwei of 60. How much ETH would that approximately be?  

EDIT: I can not select the amount of Gwei in MyEtherWallet, so I can't select 60 Gwei. Any suggestions?


1. http://forum.ethereum.org/discussion/1518/ether-unit-converter-wei-finney-szabo-btc
    
   1 Gwei = 1/1 000 000 000 Ether

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June 24, 2017, 03:25:18 PM
 #526

This is great news, 21,880,551.69 OAX has been sold.  Smiley

Since the minimum for the ICO is met is there any talk about ending the ICO early to make the coins more valuable then it is right now?

Once the ICO is over how will you guys bring more investors into your project? I hope that you guys advertise on the T.V's in China.
I think ICO is to bring investors into project.

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Visin
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June 24, 2017, 03:34:08 PM
 #527

This is great news, 21,880,551.69 OAX has been sold.  Smiley

Since the minimum for the ICO is met is there any talk about ending the ICO early to make the coins more valuable then it is right now?

Once the ICO is over how will you guys bring more investors into your project? I hope that you guys advertise on the T.V's in China.
I think ICO is to bring investors into project.
How will they do it though? Since they have money to promote their project advertising it on the television or certain websites would bring more investors into openANX right? Once the ICO is over there is only so much that they can do since they hyped the coin through regular campaign advertising.

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bitcoinrocks
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June 24, 2017, 03:39:07 PM
 #528

I thought the token supply was locked at 100,000,000.  The team can increase the supply if they want to?

Are the OAX we've received transferable currently?
bitvoyager
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June 24, 2017, 03:40:13 PM
Last edit: June 24, 2017, 04:19:56 PM by bitvoyager
 #529


Thanks for your reply. I see that you guys recommend 100.000+ gas with a Gwei of 60. How much ETH would that approximately be?  

EDIT: I can not select the amount of Gwei in MyEtherWallet, so I can't select 60 Gwei. Any suggestions?


Set it to 100,000 gas limit.

Have you found the slider? MEW updated and now it's situated at the right TOP corner.

bitvoyager
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June 24, 2017, 04:07:41 PM
 #530


Since the minimum for the ICO is met is there any talk about ending the ICO early to make the coins more valuable then it is right now?

Once the ICO is over how will you guys bring more investors into your project? I hope that you guys advertise on the T.V's in China.


Thanks for the interest to the project, Visin!

1. The soft cap of 13M OAX has been met, that means that the openANX founders can conclude the token sale at their discretion.
 
2. The OAX foundation can work with the current raised amount. The additional token sale will happen on the prototype platform (Q2 2018).
Aside from the token sale, the company already have very valuable partners and will continue to work with them.

3. I hope too. Thanks for suggestion!

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June 24, 2017, 04:16:41 PM
Last edit: June 24, 2017, 05:15:47 PM by bitvoyager
 #531


I thought the token supply was locked at 100,000,000.  The team can increase the supply if they want to?

Are the OAX we've received transferable currently?


1. "The pool of OAX has been allocated as follows, but may be adjusted at the Foundation’s discretion"
   3. TOTAL SUPPLY AND ALLOCATION OF OAX, Page 4 at Memorandum:
   https://www.openanx.org/en/assets/documents/openANX_Information_Memorandum_ENU.pdf
  
   Despite the "legal" possibility it's very unlikely to change.

2. Not yet transferable. The tokens will be activated (making them transferable) on or about 29th of July.

Thank you for the continued interest to the OAX platform, bitcoinrocks!)

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June 24, 2017, 04:30:39 PM
 #532

This question has been answered before, but I'm still curious for an answer: the "value" of a token will be determined by the benefits from a token, such as voting rights on the platform. What the other rights will be is still unknown.

Why would people invest in tokens, if the "value" proposition is yet unclear?
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June 24, 2017, 04:31:01 PM
 #533

An ERC20 token can be issued in greater number after it is locked?  I thought locking the supply prevented more from being issued.

Will KYC be required for some people in order to activate their tokens and make them transferrable, or would that have taken place before the tokens were issued if it were necessary?
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June 24, 2017, 04:38:18 PM
 #534

An ERC20 token can be issued in greater number after it is locked?  I thought locking the supply prevented more from being issued.

Will KYC be required for some people in order to activate their tokens and make them transferrable, or would that have taken place before the tokens were issued if it were necessary?

same question, anyone can answer this ?
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June 24, 2017, 04:44:23 PM
 #535


An ERC20 token can be issued in greater number after it is locked?  I thought locking the supply prevented more from being issued.


You may check the OpenANX OAX Contract Code Review
https://docs.google.com/document/d/1HBMY3v-_-JGZ9hzzcNYnyMyfQRukfetNifNUr57MW8g/edit

"An ERC20 token can be issued in greater number after it is locked?", "Locked or not?"
I'll pass these question to the tech specialists, will be back with answers.


bitvoyager
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June 24, 2017, 05:02:01 PM
Last edit: June 24, 2017, 07:18:53 PM by bitvoyager
 #536


Will KYC be required for some people in order to activate their tokens and make them transferrable, or would that have taken place before the tokens were issued if it were necessary?


same question, anyone can answer this ?

I answered question about KYC 


What KYC info will be required to withdraw our coins?

"Direct Purchasers are required to activate the OAX for OTS issued by the Foundation’s
smart contract by completing the verification process to the satisfaction of the
Foundation. Such verification process includes but is not limited to Know-Your-Customer
(“KYC”) and anti-money laundering and counter-terrorist financing (“AML/CTF”) checks."

"when all KYC and AML/CTF verifications are deemed to have been
satisfied by the Direct Purchaser to the Foundation’s satisfaction.
This requires action to be undertaken by Direct Purchasers (as
stated below) and there is no assurance that verifications will
satisfactorily be completed swiftly or at all, depending on the
circumstances.

OAX Token Sale Information Memorandum.
https://www.openanx.org/en/assets/documents/openANX_Information_Memorandum_ENU.pdf

On practice KYC / AML will be done for very large payouts only.
The team is expecting to implement this to some people only, no more.


Here is the question from Phi on Telegram:

"i have a question from the audit report regarding kyc
 Initial post sale token transfers require prior KYC verification of the sender and some consideration needs to be given as to how KYC verification is enacted outside the contract. It is not entirely clear why these initial transfers are KYC encumbered though I’m told it may be a regulatory requirement. The KYC requirement will likely present as a disincentive for token purchase.  Many investors who may wish to remain anonymous may not realise this encumbrance exists.  Such cases could lead to protracted negative publicity toward the project and frustration on behalf of the investor.

 Token holding can become anonymous after the first transfer. KYC verification may make more sense when the owner wishes to redeem their OAX tokens for OpenANX governance powers though contract does not provide for this.

The token itself appears to have no intrinsic value apart from being redeemable for governance power with OpenANX. Lacking in intrinsic value and being burdened by KYC buy in requirements leaves a pessimistic view that the sale will be unattractive and the token may not perform well in the market. The 1 and 2 year locked tokens may be effectively worthless once they are unlocked leading to possible shortfalls in current and future funding.

While these opinions are beyond the scope of the code review, I feel they must be addressed and made public prior to the funding launch."
 is that summary above true?"


Also here is the answer from Dave Chapman:

"Hi Phi, and thanks for the question.  The Foundation has sought counsel from  law firms in Hong Kong and the United States as to the potential legality of conducting the token sale. As there are no established directives or clear polices from regulators, the Foundation has undertaken a prudent approach to conduct the token sale in compliance to relevant legislation and regulations. The counsel has recommended that the foundations complies with established KYC and AML standards and procedures to disincentivize the utilization of the token sale as a vehicle for money laundering or other illicit activity. All KYC information will be collected and maintained in accordance to strict data protection policies therefore the participants and the foundation will be in privity of the KYC information and a disclosure will only be made should it be required by a law enforcement agency as part of a regulatory or criminal investigation. The foundation believes, in openness and transparency and thus it is compelled to follow all relevant legislation and conduct the token sale with the highest level of integrity.  Please let me know if this helps."

https://web.telegram.org/#/im?p=@openanxteam

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June 24, 2017, 05:13:12 PM
 #537

Once the total number of sold token surpassed the 25,000,000 the next 5 millions will complete quickly. It is moving although bit slower than expected because early few hours were huge. It is getting funds from common men and small investors which is good for long term. I like big whales are not involved in large number in this ICO.
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June 24, 2017, 06:57:57 PM
 #538


Thanks for your reply. I see that you guys recommend 100.000+ gas with a Gwei of 60. How much ETH would that approximately be?  

EDIT: I can not select the amount of Gwei in MyEtherWallet, so I can't select 60 Gwei. Any suggestions?


Set it to 100,000 gas limit.

Have you found the slider? MEW updated and now it's situated at the right TOP corner.

Thanks, found it! Was looking for the slider on the low right corner :-)
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June 24, 2017, 07:03:48 PM
 #539

Hi guys,

Sincerest apologies. Today I noticed that docdroid (the site where I uploaded the translated Bulgarian whitepaper) is down. After it went back up, the url I sent you was already dead...

Never uploading things there again. I reuploaded my whitepaper here: https://ufile.io/wux59

Hope you'll add it to your website, so that I don't have to rely on crappy services like docdroid again.

Kind regards,
N

Thank you for participation in OAX bounty program, n00b3rt!
That's alright. Don't worry. Happens sometimes.
Please email about this situation to the marketing@openanx.org with the subject “TRANSLATION – (Bulgarian - Rebirth)”.
Include bitcointalk profile link and any previous translation history

How popular is you topic-translation on https://bitcoinbg.eu/?
Hi, I sent the email yesterday Smiley

I also PM-ed a forum member, who had obviously read the whitepaper, turns out it was down for only a couple of hours, so we should be good.

As for popularity - plenty of views, few responses and only one person who I know for sure has contributed thanks to it, but there's probably more who are just keeping it quiet.

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June 24, 2017, 07:07:33 PM
 #540

Honestly, I thought this ICO would end sooner.

I might end up with investing too.

Can someone direct me to a well-written article that describes the differences of openANX platform and other decentralized exchanges?
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