btcunbranded
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July 06, 2017, 09:05:12 AM |
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Have tried loading registration site several times and it comes up blank. Am running chrome on windows 10. Have also tried resetting ,incognito tab etc. Any one else having same problems? May just be down time so will try again later
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bitvoyager
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Market Integration Platform
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July 06, 2017, 10:03:43 AM |
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Is the 29th july 2017 of this coin can be traded? And when will this coin be distributed to bounty hunter?
Thanks for the interest, mekar sari! Yes, it will become transferable (tradable) on July 29th +- It's planned that OAX will be distributed to bounty hunters on the same July 29th
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bitvoyager
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July 06, 2017, 10:06:51 AM |
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Have tried loading registration site several times and it comes up blank. Am running chrome on windows 10. Have also tried resetting ,incognito tab etc. Any one else having same problems? May just be down time so will try again later
Do you have MetaMask installed at your browser, btcunbranded? If yes, you may try to disable it and then everything should be alright.
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Metros
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July 06, 2017, 10:12:21 AM |
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So maybe I've missed something..
What is the benefit of a token holder?
Is there staking? Dividend sharing?
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bitvoyager
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July 06, 2017, 10:34:14 AM Last edit: July 06, 2017, 10:46:39 AM by bitvoyager |
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So maybe I've missed something..
What is the benefit of a token holder?
Is there staking? Dividend sharing?
Thanks for the interest to the platform, Metros! Yes, this have been discussed many times here. This just the last i found. Thanks for the question, adu1t!
Just go to the White Paper and CTRL+F - search "token". You'll find a lot of interesting info.
Page 18 - 5.1 Uses of OAX Tokens
"OAX is a token that can be exchanged for memberships in the DAO and/or its association. Members will be entitled to certain privileges, including but not limited to voting privileges on major operational decisions relating to the openANX platform."
Most valuable information that I found there is: Members are not entitled to any economic rights of the Foundation at any time and Memberships do not entitle the holder to any distribution of profits nor any claim on any assets. Everything else is just a bla-bla-bla, voting privileges, bla-bla-bla, voting privileges. Who need these voting privileges on YOUR platform for such of money? People need profit, but you sell them pure air Agreed, what a joke. I almost invested until I realized these tokens have next to no value. Thanks for your opinion, guys! 1. "Members are not entitled to any economic rights" - Yes, you are right. OAX token holders only get privileges of the memberships they own. It is not limited to only voting, ie: third party service provider membership grants ability to be service provider. Possibly something will be changed during the development, there are a lot of forces and deep minds are involved in the process and the platform just gets its final shape. 2. "People need profit", "no value" If you want to know if you'll make money if you'll invest, it's not something that the openANX team can talk about as staff. Ultimately, if people like the project idea, and can understand it now, they could get involved. Later, when a prototype will be able obviously there'll be more interest as people will be able to see what they're getting. You can exchange OAX once it's tradable on exchanges ( July 29, or possibly earlier if the Token Sale will end sooner) When the OAX platform will start to work there should be the increasing demand on Token and supply will be dwindling. "The initial number of issued OAX Tokens is 100,000,000; as there is no planned inflation, the number of outstanding tokens would be reduced over time as activity on the openANX platform increases" Project Deck, Page 23: https://www.openanx.org/en/assets/documents/openANX_Project%20Deck_ENU.pdfThe team is expecting that in the case of success the user base will grow exponentially. Nobody can predict the future though. You can read more about the Metcalfe's law: https://en.wikipedia.org/wiki/Metcalfe%27s_lawThe main aim of the openANX team once the Token Sale will be finished is to concentrate on building a consortium of companies and platforms to integrate, and the team will do this with the huge passion. Only you to decide to be involved on the early stage, or later when the working prototype will be released, or just stay an observer. For example how many tokens does one need to use for what exactly so demand for the token increases? - Some answers from shadowlpb, OAX team on Slack: "in order to join small fee, in order to get voting rights there will be a fee, to open a gateway there will be a fee. Those coins will be destroyed and there will be less in the market place" "Tokens will be used for membership, and they will also likely be involved in ancillary services (data services, KYC services) in addition there will be a nominal fee to access the platform for first time users ( think something like the Economist Magazine's Big Mac index, which prices Big Macs around the world as indication of buying power)" "Tokens will be used for memberships and memberships will have different levels. (An asset gateway membership will be worth more than a voting member for instance) "In addition, as the platform makes profit from fees, above a certain level of liquidity it will activate an algorithmic buy back using funds in excess of its baseline reserve. Details of this are theoretical currently so I can't give you numbers." You may go through the thread here, on the Slack, on Telegram, Reddit and found some answers from the OAX representatives to the same questions. WEBSITE | WHITEPAPER | YOUTUBE | SLACK | TWITTER | MEDIUM | REDDIT | WECHAT | TELEGRAM
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z0n0
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July 06, 2017, 10:52:57 AM |
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I just hope idiots won't insta dump it when hits the market..this is one great project with huge potential.
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bitvoyager
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July 06, 2017, 11:34:53 AM |
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z0n0
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July 06, 2017, 01:10:48 PM |
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Do I have to pass this process? I already registred my ETH address to activate tokens.
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seek4dream
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July 06, 2017, 01:35:24 PM |
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May I do the activation later, e.g. next week?
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#BiT_pOL
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July 06, 2017, 03:51:03 PM |
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May I do the activation later, e.g. next week?
read the step3 of the above activation pictures of bitvoyager
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bitvoyager
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July 06, 2017, 03:51:25 PM |
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Do I have to pass this process?
I already registred my ETH address to activate tokens.
tlynch, OAX representative on Telegram: You only have to follow the registration guide step by step. Only do what the guide asks you. Does it ask you to upload documents? No it does nothttps://web.telegram.org/#/im?p=@openanxteamAs i know, if the OAX Foundation will need your documents for KYC they will contact you. If you'll have questions you may ask them via e-mail: projectstallman@openanx.org
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bitvoyager
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July 06, 2017, 03:56:50 PM |
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May I do the activation later, e.g. next week?
read the step3 of the above activaction pictures of bitvoyager Yes, i do love pictures, #BiT_pOL! They are so illustrative. Your tokens will be just frozen (not activated) until your registration, seek4dream And in any case they will be not activated until the activation date, July 29th. https://www.openanx.org/en/assets/documents/openANX_Token_Sale_Summary_Sheet_ENU.pdf
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z0n0
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July 07, 2017, 09:36:43 AM |
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Do I have to pass this process? I already registred my ETH address to activate tokens. Any1 care to answer this? Thanks.
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bitvoyager
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July 07, 2017, 09:56:46 AM |
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Do I have to pass this process?
I already registred my ETH address to activate tokens.
Any1 care to answer this? Thanks. Thanks, z0n0, i answered already. You don't need to do more than the system asks to the moment. Do I have to pass this process?
I already registred my ETH address to activate tokens.
tlynch, OAX representative on Telegram: You only have to follow the registration guide step by step. Only do what the guide asks you. Does it ask you to upload documents? No it does nothttps://web.telegram.org/#/im?p=@openanxteamAs i know, if the OAX Foundation will need your documents for KYC they will contact you. If you'll have questions you may ask them via e-mail: projectstallman@openanx.org
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z0n0
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July 07, 2017, 10:36:17 AM |
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Do I have to pass this process?
I already registred my ETH address to activate tokens.
Any1 care to answer this? Thanks. Thanks, z0n0, i answered already. You don't need to do more than the system asks to the moment. Do I have to pass this process?
I already registred my ETH address to activate tokens.
tlynch, OAX representative on Telegram: You only have to follow the registration guide step by step. Only do what the guide asks you. Does it ask you to upload documents? No it does nothttps://web.telegram.org/#/im?p=@openanxteamAs i know, if the OAX Foundation will need your documents for KYC they will contact you. If you'll have questions you may ask them via e-mail: projectstallman@openanx.org Sorry, missed that. Thanks again!
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BitcoinArsenal
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July 07, 2017, 07:15:19 PM |
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I only take part in the bounties and not the actual ICO. Do I have to register for the token activation or is this registration only for those who participate in the ICO? Thanks for answering the question!
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bitvoyager
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July 07, 2017, 07:30:32 PM |
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I only take part in the bounties and not the actual ICO. Do I have to register for the token activation or is this registration only for those who participate in the ICO? Thanks for answering the question! Thank you for the participation in the OAX Bounty campaign, BitcoinArsenal! Bounty participants don't need to register.
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bitvoyager
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July 07, 2017, 10:40:25 PM Last edit: July 07, 2017, 11:14:33 PM by bitvoyager |
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A Broken Paradigm It’s why Peter Smith of Blockchain came onboard as an advisor, it’s because there’s a slowly dawning recognition that maybe “Something is rotten in the state of Denmark”
The Second Law of Thermodynamics states that “Entropy Increases in Closed Systems”
To say it another way, as Donald Rumsfeld said: Reports that say that something hasn’t happened are always interesting to me, because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns — the ones we don’t know we don’t know
This is one of the fundamental questions we wanted to answer with openANX. How can we begin to restore trust in the system?Check the new article on the OAX Medium: https://medium.com/@OAX_Foundation/a-broken-paradigm-b86ce659494eWEBSITE | WHITEPAPER | YOUTUBE | SLACK | TWITTER | MEDIUM | REDDIT | WECHAT | TELEGRAM
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dz4505
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July 08, 2017, 11:31:51 AM |
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Anyone have an idea on what price OAX will open at on the 29th?
Not sure but they might want to wait till after August 1st.
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