[ANN] - OAX Foundation

[HongKong]

Hi,

First of all the project seems to be really interesting and ambitious even for me who is completely new for cryptocurrencies and blockchains. I am going to buy OAX with a goal to get some more return in future, but before doing that I have to understand is there any prospect that OAX will rise in price in future. I would be grateful if you could answer those.

1. What do I get except voting privileges as an owner of OAX tokens?
2. I have read the whitepaper, as far as I understood I cannot sell OAX tokens and it can only be exchanged? What does it mean?
3. Maybe that question to the community, do you think that the price of OAX tokens may rise in price in future if the project is successful?

I am sorry if my questions seems to be dumb or newbie I got to know about openanx just yesterday

Hey mattz098, no your questions aren't dumb at all.

Let me try to answer... OAX tokens gain access to voting privileges, as discussed. This allows you to have a say in the future direction of the platform. In the future, this may provide other benefits, but this is still in concept phase.

Memberships can be swapped, certainly. Whether or not tokens can be traded is really out of our hands.

Last, I can't predict the future, nor do I want to be seen building hype. If you like the project, concept stage is a good time to get involved. A lot of people understand what we are trying to do with the platform and want to get involved now. Likely when the prototype is deployed and woking, people who find the whole thing theoretical now will likely feel more confident with something concrete. It depends on if you are excited by the idea.

I am not so sure if this was mentioned before though I am just going to ask...is this project related to ANX?

I see the Twitter posts from openANX and I can somewhat tell that the ANX company likes a few tweets from the project. The name seems like they are related somehow as well.

Hey Hong Kong! Thanks for the question. The Open ANX Foundation is leading the team running openANX (the project) ANX International is a founding backer of the project, along with Chandler Guo (China) Jehan Chu (Hong Kong) Bok Khoo (Australia) and others. ANX International is providing much of the initial IP of the project (order matching engine etc) and will plug into the project as an Asset Gateway when the prototype is live. Hugh Madden, project Technical Director, conceived much of the idea and technical thinking behind openANX, and he is the CTO of ANX International, so that's where the overlap comes from.

ANX International will continue to run its business, and the openANX project will be overseen by the Foundation (a non-profit making entity)

Hi ANX Marketing,
thanks for the reply.

That's good to see, I was hoping that this project was not going to be a program that pretends that it's involved with something when it really is not.
It looks like you guys aren't new to the whole Crypto Currency thing so I think that this will be a good project. The ICO might get sold out within 24 hours.

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[titan20]

Hi i am new to ethereum and want to participate in the ico.

Are there any instructions on how much the gas limit should be?

[ether19]

Hi i am new to ethereum and want to participate in the ico.

Are there any instructions on how much the gas limit should be?

I believe they will give out the instructions a hour before the launch of the ICO. Keep a close watch of the  official site: https://www.openanx.org/en/
and also the blog: https://medium.com/@OAX_Foundation

You can use https://www.myetherwallet.com/ to send funds. I am of the opinion that a 250,000 gas and a Gas Price: 60 Gwei is good enough. BUT Please cross check with the openANX support.

[bitvoyager]

Hi i am new to ethereum and want to participate in the ico.

Are there any instructions on how much the gas limit should be?

Thanks for the interest to the project, titan20!

"Note the Gas Limit is important and must be set properly to ensure the transaction is complete.
The Gas Fee slider is located in the footer on the bottom right hand corner of MyEtherWallet
website. For contribution, adjust the slider to 60 Gwei as shown."

You can find all the needed info in the openANX “How-to-Contribute” Guidebook for Users:
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf

THE ETH CONTRIBUTION ADDRESS WILL NEVER BE PUBLISHED OR SENT VIA EMAIL, SOCIAL MEDIA OR
ANY INSTANT MESSAGING APPLICATIONS OR GROUPS. THE ETH CONTRIBUTION ADDRESS IS PROVIDED
ONLY ON WWW.OPENANX.ORG

[ether19]

Hi i am new to ethereum and want to participate in the ico.

Are there any instructions on how much the gas limit should be?

I believe they will give out the instructions a hour before the launch of the ICO. Keep a close watch of the  official site: https://www.openanx.org/en/
and also the blog: https://medium.com/@OAX_Foundation

You can use https://www.myetherwallet.com/ to send funds. I am of the opinion that a 250,000 gas and a Gas Price: 60 Gwei is good enough. BUT Please cross check with the openANX support.

Was going through the twitter page of OAX and just found this: https://twitter.com/OAX_Foundation/status/877735731996655616
This should help you out! CHeers!

[CORNEL]

Only 3 hours left till open this ICO I'm fully ready to buy this coin at low price. I think this coin will hit the maximum very quickly so many people are waiting to be part of this mega event.

[bitvoyager]

3 hours left to the Start of the OAX Token Sale


The OAX White Paper is available on 5 languages now: English, Chinese, Korean, Russian, Spanish.

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

Token Sale Summary Sheet
https://www.openanx.org/en/assets/documents/openANX_Token_Sale_Summary_Sheet_ENU.pdf

“How-to-Contribute” Guidebook for Users
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf

Find out everything before the investing. You may ask questions on Slack and Telegram, check Buttons below.


REMINDER: Only send ETH to the official contract address available at the www.openanx.org


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

[stripykitteh]

Only 3 hours left till open this ICO I'm fully ready to buy this coin at low price. I think this coin will hit the maximum very quickly so many people are waiting to be part of this mega event.

I feel that the ICO will be a success as well since there is a bunch of real people involved with OpenANX.

I have a question for the dev's that are posting in this thread, is there a counter that we could view so we could count how many coins are invested into OpenANX once the ICO launches?

Thanks.

[bitvoyager]

Thanks for the interest to the OAX platform, bitcoinrocks!

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. CTRL+F - search KYC
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.

Can we send ETH from an exchange?

No.

"Purchasing OAX requires sending ETH from an Ethereum Wallet which can be created and
managed using popular methods like MyEtherWallet, Metamask, Parity, or imtoken. Instructions
on how to create and install an Ethereum Wallet can be found in the Appendix."

“How-to-Contribute” Guidebook for Users
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf

REMINDER: Only send ETH to the official contract address available at the www.openanx.org

[bitvoyager]

Only 3 hours left till open this ICO I'm fully ready to buy this coin at low price. I think this coin will hit the maximum very quickly so many people are waiting to be part of this mega event.

I feel that the ICO will be a success as well since there is a bunch of real people involved with OpenANX.

I have a question for the dev's that are posting in this thread, is there a counter that we could view so we could count how many coins are invested into OpenANX once the ICO launches?

Thanks.

Thank you for the good prediction, stripykitteh!

Yes, once the time counter ends a live feed of all stats will appear on the site.

[stripykitteh]

Thanks for the interest to the OAX platform, bitcoinrocks!

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. CTRL+F - search KYC
https://www.openanx.org/en/assets/documents/openANX_Information_Memorandum_ENU.pdf

Can we send ETH from an exchange?

No.

"Purchasing OAX requires sending ETH from an Ethereum Wallet which can be created and
managed using popular methods like MyEtherWallet, Metamask, Parity, or imtoken. Instructions
on how to create and install an Ethereum Wallet can be found in the Appendix."

“How-to-Contribute” Guidebook for Users
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf

REMINDER: Only send ETH to the official contract address available at the www.openanx.org

What about the people that participated in the campaigns? Will the coins get sent to an Ethereum wallet or will they need a KYC verification as well? It does not really make sense for the participants of the campaigns getting a KYC verification request if they had to put an ETH wallet within their application.

Please let me know, thanks.

[E1337]

Can participate in ICO with BTC?

[bitvoyager]

Thanks for the interest to the OAX platform, bitcoinrocks!

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. CTRL+F - search KYC
https://www.openanx.org/en/assets/documents/openANX_Information_Memorandum_ENU.pdf

Can we send ETH from an exchange?

No.

"Purchasing OAX requires sending ETH from an Ethereum Wallet which can be created and
managed using popular methods like MyEtherWallet, Metamask, Parity, or imtoken. Instructions
on how to create and install an Ethereum Wallet can be found in the Appendix."

“How-to-Contribute” Guidebook for Users
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf

REMINDER: Only send ETH to the official contract address available at the www.openanx.org

What about the people that participated in the campaigns? Will the coins get sent to an Ethereum wallet or will they need a KYC verification as well? It does not really make sense for the participants of the campaigns getting a KYC verification request if they had to put an ETH wallet within their application.

Please let me know, thanks.

Thanks for the interest, stripykitteh!

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

[bitvoyager]

Can participate in ICO with BTC?

Thank you for the interest to the OAX platform, E1337!

No, ETH only. You may want to check the

“How-to-Contribute” Guidebook for Users
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf

REMINDER: Only send ETH to the official contract address available at the www.openanx.org

[ANX Marketing]

openANX : 4 hours until token sale launches!   

Hi everyone,

It's been an amazing few days, the openANX project has received huge and overwhelming support from the community!

   
“The OpenANX Foundation is the most credible attempt I’ve seen at leading the effort to deliver on this mission in the years I’ve been thinking about this problem. The underlying idea and structure look promising, but perhaps more importantly, the team behind it is the right team to take on this challenge.”

Peter Smith
Strategy Advisory, OpenANX Project
CEO & Co-Founder, Blockchain.info

Recently, ICO Alert has also published a detailed report on openANX.
   
"openANX is, not unlike Bancor, a protocol that is likely to be vital for the crypto world on the medium term, and will greatly enhance the viability of many existing organizations in the crypto space today. The prospect of a sort of ‘marketplace for exchanges’ is exciting for a number of reasons, not the least of which is the simplified implementation of rating and auditing organizations that can help enhance user protections driven by organic demand rather than overt government intervention."

Click here to view the full report.

   
We have also prepared a simple "How-To-Contribute" to guide you in setting up an Ether Wallet and to participate in the token sale.


Download here.
https://www.openanx.org/en/assets/documents/openANX_User_Guide_ENU.pdf
https://www.openanx.org/

[shenjing85]

I know the price during the first ICO stage is $0.75, what about the second stage? still unannounced?

Thanks for the question, shenjing85!


Thirty million (30,000,000) (30%)       -  To be sold during the Campaign.
(the “OAX for Open Token Sale”, or
“OAX for OTS”)

Thirty million (30,000,000) (30%)       -  Reserved for one or more subsequent
(the “OAX for Additional Token Sales”     offerings to the public on later dates as
 or “OAX for ATS”)                                 Additional Token Sales (“ATS”), the
                                                           proceeds of which will be deployed on
                                                           system scale up and production
                                                           developments. These are subject to a
                                                           lock-up for 1 year from Token Launch.
  
You can find all the available information about token distribution in the OAX Token Sale Information Memorandum:
https://www.openanx.org/en/assets/documents/openANX_Information_Memorandum_ENU.pdf

Thank you for your nice answer, I will keep an eye on your slack and search more information about your project.

[bitvoyager]

CONSIDERATIONS AND CLOSING

"openANX is, not unlike Bancor, a protocol that is likely to be vital for the crypto world on the medium
term, and will greatly enhance the viability of many existing organizations in the crypto space today. The
prospect of a sort of ‘marketplace for exchanges’ is exciting for a number of reasons, not the least of
which is the simplified implementation of rating and auditing organizations that can help enhance user
protections driven by organic demand rather than overt government intervention. Auditors, credit rating
agencies, and many other financial services providers will find managing their activities within the cryptocurrency
marketplace substantially enhanced by a functional openANX protocol and marketplace.
Combined with the improvements in liquidity for decentralized exchanges and the potential cost reductions
and service enhancements for centralized ones, it seems inevitable that openANX will help shape
the practice of cryptocurrency exchange for the foreseeable future."

Read the full report:
https://www.icoalert.com/ICO-Alert-Report-openANX.pdf


REMINDER: Only send ETH to the official contract address available at the www.openanx.org


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

[titan20]

i withdrew ETH a few hours ago from my exchange to myetherwallet.com.

Cant see anything in my wallet or in etherscan.io

Anybody know what could be the problem?

[bitvoyager]

i withdrew ETH a few hours ago from my exchange to myetherwallet.com.

Cant see anything in my wallet or in etherscan.io

Anybody know what could be the problem?

You are not alone, titan20 

"This issue turned out to be a huge problem for the Ethereum network as a whole.
As a result of the massive amounts of Status ICO transactions
and other Ethereum transactions taking place, the system essentially failed."

https://news.bitcoin.com/status-ico-generates-over-60-million-but-fails-to-deliver-meanwhile-ethereum-flounders/

[titan20]

i withdrew ETH a few hours ago from my exchange to myetherwallet.com.

Cant see anything in my wallet or in etherscan.io

Anybody know what could be the problem?

You are not alone, titan20 

"This issue turned out to be a huge problem for the Ethereum network as a whole.
As a result of the massive amounts of Status ICO transactions
and other Ethereum transactions taking place, the system essentially failed."

https://news.bitcoin.com/status-ico-generates-over-60-million-but-fails-to-deliver-meanwhile-ethereum-flounders/

Thanks for the information. Did not know that.

What about pending. It even does not show up in the blockexplorer as pending. Is this normal too?

Cheers!