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Author Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges  (Read 126904 times)
Coinnosaurus
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June 11, 2017, 05:43:11 AM
 #141


so it's open source or nah? I couldn't find the repository
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June 11, 2017, 05:50:58 AM
 #142

Just saw this ICO, looks interesting!
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June 11, 2017, 07:31:46 AM
 #143

Any update about the first stake of signature bounty?
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June 11, 2017, 07:57:34 AM
 #144

project looks great.
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June 11, 2017, 08:11:40 AM
 #145

The 0x Interview - Hugh Madden, Technical Director of the openANX project sits down
with Amir Bandeali, CTO and Co-Founder of 0x and Will Warren, CEO and Co-Founder.

Watch the video: https://www.youtube.com/watch?v=i2PboMAJwcI
I absolutely love the idea, and Hugh seems quite charismatic. I've went through a lot of white papers, and honestly, this one and REX are much more interesting that the ones being shilled at the moment, yet undeservingly receive less attention (for now).

You also prefer to elaborate your ideas, instead of creating convolution in order to appear smart. I put my trust in people who do exactly that.

I just wish bounty discussion would be limited to the bounty thread Sad

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June 11, 2017, 08:25:27 AM
 #146

I'm still trying to fully understand the openANX model.  

As I understand it, you are improving on the Decentralized Exchange model by adding features to enhance liquidity as well as adding a DAO Governance model. To enhance liquidity, you are proposing to bridge the Centralized Exchanges and their liquidity to the openANX exchange. Why would the centralized exchanges want to bridge their liquidity to a DEX and essentially erode their own userbase & business model?  What incentive do they have to send liquidity to your DEX?

It looks like you really want to target credit markets (ie:/ Credit Default Swaps; Collateralized Debt Obligations), as well as OTC markets. You plan on bridging the fiat & crypto markets with a focus on serving the credit/debt markets on a large scale. Is this correct? What do you see as the potential $$$ market (trade volumes) for these types of asset classes?

So your governance model and smart contracts will assess the credit worthiness of companies and institutions that want to trade assets through openANX (like Credit Default Swaps; CDO's; Bonds). So you'll also be acting like an S&P or Moody's Rating agency on these collateralized companies/mkt participants at the same time. Correct?

So openANX is proposing to mitigate counterparty risks with their collateralized smart contracts. If so, how much collateral are mkt participants required to allocate to the smart contracts?


Regarding the tokens. Their functionality provides membership & voting privileges (Access & Voting rights). In other words, all openANX market participants are required to obtain ANX tokens to transact on the exchange. Correct? The more tokens purchased the more rights and privileges a participant has on the openANX system. Correct?  

Do the tokens have any other functionality (ie. Fees; profit share)?

Any clarification on these topics would be greatly appreciated. Thanks!


Hi JHW2007 I'm writing your full answer today, it's quite long, give me another hour or so

www.openanx.org "All Your Base Belong To Us"
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June 11, 2017, 10:10:32 AM
 #147


so it's open source or nah? I couldn't find the repository
so it's not open source ,nor transparent right??
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June 11, 2017, 11:41:16 AM
 #148

Any update about the first stake of signature bounty?


10 posts is needed per week for every participants. We will count all posts by midnight HKT every Saturday. We will reward stakes on Sunday, and the new week will begin on this day too.

You can monitor the situation in the Bounty thread:
https://bitcointalk.org/index.php?topic=1947373.0
 

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June 11, 2017, 11:44:08 AM
 #149


so it's open source or nah? I couldn't find the repository
so it's not open source ,nor transparent right??

Quite transparent Smiley

https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU_V2.3.3.pdf



I think when the Technical White Paper will be published, you'll be able to find all the info there.
You may sign up to be informed when it will be available: https://www.openanx.org/en/

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June 11, 2017, 01:30:12 PM
 #150


so it's open source or nah? I couldn't find the repository
so it's not open source ,nor transparent right??

Quite transparent Smiley

https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU_V2.3.3.pdf



I think when if the Technical White Paper will be published, you'll be able to find all the info there.
You may sign up to be informed when it will be available: https://www.openanx.org/en/

FTFY ... until then it's not transparent and open source ,all those affirmations are a lie , Technical White Paper != open source
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June 11, 2017, 04:20:25 PM
 #151

Reserve indonesia translate


Translation and local community management

How to Join:
-   EITHER:
-   Post in the thread to reserve translation, or,
-   Email marketing@openanx.org with the subject “TRANSLATION – (task)”. Replace (task) with whichever task you would like to participate in. Include bitcointalk profile link and any previous translation history. or,
-   PM us


The openANX Bounty thread
https://bitcointalk.org/index.php?topic=1947373

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June 11, 2017, 08:13:54 PM
 #152

The key of success is a good product for sale, great team with a hugh trust and future development, by the way Good Luck for openANX Cool

¦ ¦ ¦¦   .ZAPcoin.....¦¦¦¦   EVERYONE SHOULD HAVE IT¦¦¦¦   . ZAPcoin        ¦¦¦¦
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June 11, 2017, 08:48:38 PM
 #153

The key of success is a good product for sale, great team with a hugh trust and future development, by the way Good Luck for openANX Cool

I am also interested in investing this project because the team is solid. Ideas are soft but execution are hard.

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June 11, 2017, 08:49:15 PM
 #154

Hindi translation of the ANN can be found here: https://bitcointalk.org/index.php?topic=1959335.0




.




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FIND OUT MORE AT MINTDICE.COM
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June 11, 2017, 09:05:28 PM
 #155

Turkish ANN Thread and Bounty Thread are ready:  https://bitcointalk.org/index.php?topic=1962382.0

Turkish white paper will be ready soon!

Cheers!  Smiley
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June 12, 2017, 12:58:10 AM
 #156

Turkish ANN Thread and Bounty Thread are ready:  https://bitcointalk.org/index.php?topic=1962382.0

Turkish white paper will be ready soon!

Cheers!  Smiley

Thanks Kubra!

www.openanx.org "All Your Base Belong To Us"
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June 12, 2017, 01:09:16 AM
 #157


so it's open source or nah? I couldn't find the repository
so it's not open source ,nor transparent right??

Quite transparent Smiley

https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU_V2.3.3.pdf



I think when if the Technical White Paper will be published, you'll be able to find all the info there.
You may sign up to be informed when it will be available: https://www.openanx.org/en/

FTFY ... until then it's not transparent and open source ,all those affirmations are a lie , Technical White Paper != open source

Hi again Coinnosaurus, sorry I answered in the wrong spot!

We are definitely open sourced, our philospohy and thinking reflect that. Our Smart Contract work is up over on GitHub under BokkyPooBah (Who runs Cryptoderivatives.net) and I personally registered the openANX account over there. Our technical paper is written ( I read V3 last week, V2 the week before and V1 some time before that) and is currently under review by a bunch of people in the industry, (like Consensys, BitBot and others) As the time comes that we want to get the community involved in review, we'll definitely post this stuff up.

Thanks again for your interest.

www.openanx.org "All Your Base Belong To Us"
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June 12, 2017, 01:10:30 AM
 #158

Any update about the first stake of signature bounty?

Hi Frankkkk, AsiaNexGen will be counting this first thing this morning (we are in Hong Kong) as soon as he gets it done we'll let you know.

www.openanx.org "All Your Base Belong To Us"
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June 12, 2017, 01:25:31 AM
 #159

this is promising project for near future I will keep an eye on this
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June 12, 2017, 02:38:14 AM
 #160

I'm still trying to fully understand the openANX model.  

As I understand it, you are improving on the Decentralized Exchange model by adding features to enhance liquidity as well as adding a DAO Governance model. To enhance liquidity, you are proposing to bridge the Centralized Exchanges and their liquidity to the openANX exchange. Why would the centralized exchanges want to bridge their liquidity to a DEX and essentially erode their own userbase & business model?  What incentive do they have to send liquidity to your DEX?

It looks like you really want to target credit markets (ie:/ Credit Default Swaps; Collateralized Debt Obligations), as well as OTC markets. You plan on bridging the fiat & crypto markets with a focus on serving the credit/debt markets on a large scale. Is this correct? What do you see as the potential $$$ market (trade volumes) for these types of asset classes?

So your governance model and smart contracts will assess the credit worthiness of companies and institutions that want to trade assets through openANX (like Credit Default Swaps; CDO's; Bonds). So you'll also be acting like an S&P or Moody's Rating agency on these collateralized companies/mkt participants at the same time. Correct?

So openANX is proposing to mitigate counterparty risks with their collateralized smart contracts. If so, how much collateral are mkt participants required to allocate to the smart contracts?

Regarding the tokens. Their functionality provides membership & voting privileges (Access & Voting rights). In other words, all openANX market participants are required to obtain ANX tokens to transact on the exchange. Correct? The more tokens purchased the more rights and privileges a participant has on the openANX system. Correct?  

Do the tokens have any other functionality (ie. Fees; profit share)?

Any clarification on these topics would be greatly appreciated. Thanks!


Hi JWH007 (and janpec1000 who upvoted) sorry for the delay coming back to you, I had to check some details with . a few guys on the team who were travelling over the weekend. It's more than one question, so I'll answer them below in order. If I miss something, please tell me and I will come back to it in a follow up post.

In the case of exchanges eroding their user base, it's a valid point. The first thing to keep in mind is that we think the system is better, and here's why....In the centralized model you relinquish custody to all your assets, in the case of openANX you don't surrender your keys to your ERC20/ETH tokens at all.

Second, We aim to build a consortium of exchanges and we've had initial discussions with a number of them. From the outset, it will probably be tier 2 (regional exchanges) and other decentralized exchanges that join first as they stand to benefit the most initially. Centralized exchanges will want to support a gateway to hedge their risk: decentralized matching is clearly the future.Small exchanges get to utilize a top notch matching engine (rather than attempting to build their own,  and they get access our initial liquidity, or exchanges that don't do a full range of tokens can add those to their existing clients.

It's then that aggregation becomes exponential. Once we have 4-5 exchanges then we become attractive for other reasons. Credit provides consumer protection, and our liquidity now looks attractive to even larger exchanges who can use it only in instances when their own order book can't provide the trade volume they need. So, initially we believe big exchanges will use us to fill gaps in their own books, maybe only running 5-10% of their own business through us. Over time, they will see that if they provide better service in terms of customer service and banking expertise, being part of a bigger ecosystem works because they have access to a larger group of potential clients.

Lastly on this point, the barrier to entry for new gateways drops to near zero. By providing the Matching Engine and the infrastructure solution, it becomes simple for new service providers to become asset gateways, as long as they are able to post collateral.

This drives competition and aggregates liquidity across the platform. As liquidity grows the centralized exchange legacy revenue from opaque matching will become less material.

I'll answer credit markets in the next post.

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