[ANN] - OAX Foundation

[virasisog]

I'm amaze on this in just few hours and it reach already the minimum cap, Its seems to be a very big potential of this project . I think this ICO will be finished in just a week so i invested some amount .Advance Congratulations to the team behind on this projects.
If the maximum cap was already reach do this ICO will be finished ?

[bitvoyager]

Okey I got it. Good project.
But tokens. What are they for? They aren't equal to shares, stocks, right?  

Devs didn't answer this question clearly because they don't know by themselves I guess.

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."

White Paper:
https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU.pdf

And yes, "including but not limited". Possibly soon there will be a possibility to fly on Mars using OAX.
https://www.youtube.com/watch?v=WSscgH5zwwA

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


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

[bitvoyager]

21 000 000 OAX sold! 9 000 000 left for the initial Token Sale!


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

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

ICO Alert Report
https://www.icoalert.com/ICO-Alert-Report-openANX.pdf


REMINDER

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


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

[ashmodeus]

so the campaign will done in this week ? right?

Signature campaign will be announced on bounty thread

[bitvoyager]

Working on decentralized exchange infrastructure with the OpenANX Foundation

“... 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

Read the full article:
https://medium.com/@OneMorePeter/working-on-decentralized-exchange-infrastructure-with-the-openanx-foundation-7d500ff04858

[bitvoyager]

openANX project team last night right before the token sale


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

[denam]

I hope the crowdsale will last few more days as I have to buy little more in couple of days after having money from somewhere. It has crossed soft targeted amount easily now if current flow of money will keep continue within a week all is going to sold else it can be earlier too. Indeed one of the best projects out there without any doubt.

[btcunbranded]

Only my second ico contribution, after MGO and first time with a Smart Contract.By the time I
had logged back in to mew, the tokens we delivered
WOW Thankyou Openanx Team!!!!

[HashieNewb]

openANX project team last night right before the token sale


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

That’s a big pizza.

Congratulations on the successful ICO, since you guys reached the minimum investment for the ICO do you guys have an idea how far the price of the coin will go up to?

Will we be able to trade this coin in an exchange or is this only available on the website?

[jvper]

openANX project team last night right before the token sale


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

That’s a big pizza.

Congratulations on the successful ICO, since you guys reached the minimum investment for the ICO do you guys have an idea how far the price of the coin will go up to?

Will we be able to trade this coin in an exchange or is this only available on the website?

The price of the coin will not be aubject to the team's decision. It will be freely traded in the market.

[mcfom]

That’s a big pizza.

Congratulations on the successful ICO, since you guys reached the minimum investment for the ICO do you guys have an idea how far the price of the coin will go up to?

Will we be able to trade this coin in an exchange or is this only available on the website?

During ICO much hard to predict about the price of this token what it will be this will get listed on exchange. Market will decide this as I think investors would be happy after finish of this crowdsale. This coin has great team behind this so easily it would go to the moon.

[HashieNewb]

openANX project team last night right before the token sale


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

That’s a big pizza.

Congratulations on the successful ICO, since you guys reached the minimum investment for the ICO do you guys have an idea how far the price of the coin will go up to?

Will we be able to trade this coin in an exchange or is this only available on the website?

The price of the coin will not be aubject to the team's decision. It will be freely traded in the market.

Ah okay, thanks. I was looking forward to seeing it in an exchange someday. This coin does look like it has the hype around it where it seems that the price of it will go up right after they post updates on for the coin. I will try to store the coins as long as I can.

[bitvoyager]

That’s a big pizza.
Congratulations on the successful ICO, since you guys reached the minimum investment for the ICO do you guys have an idea how far the price of the coin will go up to?
Will we be able to trade this coin in an exchange or is this only available on the website?

Thanks for the questions, HashieNewb!

"how far the price of the coin will go up" - The team prefers not to speculate on this matter.
To my mind this will depend on 3 main factors:
1.The development process, how successful it will be. Personally I'm absolutely sure that the team behind the project
will do their best to launch OAX paltform as soon as possible, Q2 2018 or even earlier.
2. The general situation on the market. If existent problems with centralized exchanges will grow, then the expectation
of successful entry of openANX into the market will favorably influence on the OAX exchange rate. Developers claim
and we can see this in the White Paper that it can solve a lot of bugs of current "cryptocurrencies-exchange OS".  
3. Regulatory questions.

"Will we be able to trade this coin in an exchange" - Yes
When? In 7-10 days after July 21st, the last day of the Token Sale.
Or even earlier if the Campaign will end sooner.

During ICO much hard to predict about the price of this token what it will be this will get listed on exchange. Market will decide this as I think investors would be happy after finish of this crowdsale. This coin has great team behind this so easily it would go to the moon.

Thanks for the good predictions, mcfom!

Or to the Mars
https://www.youtube.com/watch?v=WSscgH5zwwA

[Zechis966]

I intend to join and have had my eye on this one for like 2 weeks now...

Question though, why would most exchanges list this if it would act as a disrupter to their gaining of fees through their own exchange being used? Or is it just the idea that they'll go where the money is.

Also, what does soft cap 13 mil OAX mean yet total supply 30 mil?

Lastly, that's not nearly enough pizza for all those people. Looks super fun congrats on the good amount raised so far!!!

I'll probably be joining tonight or at the VERY end




https://etherscan.io/address/0x2b3b67c6dffc2bcdda2315491eac9bbe868fbcdd


Overview
ETH Balance:   18,499.326444803027661978 Ether
ETH USD Value:   $6,034,110.30 (@ $326.18/ETH)

Does this mean about $10m was preinvestment? since it seems about $16m was raised so far?

[clixcoin]

More than $16M is pretty impressive figures already invested into this project during 1st hours after the launch of this ICO. Now planning to invest more into this because it has great concept and this has good direction to deliver this on fast track at the moment less than 9 million tokens left for sale.

[bitvoyager]

I intend to join and have had my eye on this one for like 2 weeks now...

Question though, why would most exchanges list this if it would act as a disrupter to their gaining of fees through their own exchange being used? Or is it just the idea that they'll go where the money is.

Also, what does soft cap 13 mil OAX mean yet total supply 30 mil?

Lastly, that's not nearly enough pizza for all those people. Looks super fun congrats on the good amount raised so far!!!

I'll probably be joining tonight or at the VERY end


https://etherscan.io/address/0x2b3b67c6dffc2bcdda2315491eac9bbe868fbcdd


Overview
ETH Balance:   18,499.326444803027661978 Ether
ETH USD Value:   $6,034,110.30 (@ $326.18/ETH)

Does this mean about $10m was preinvestment? since it seems about $16m was raised so far?

Thank you for such a loud questions, Zechis966!

1. First they ignore you, then they laugh at you, then they fight you, then you win.  

Here is the answer from the openANX representative:

"... 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..."

https://bitcointalk.org/index.php?topic=1943946.msg19504045#msg19504045

2. From tlynch on Slack: "once we reach the soft cap, openANX can end the token sale at our discretion"
Total suply - 100M OAX. There should be one more Token Sale (30M) when the Prototype will be released somewhere in Q2 2018.

3. There is the Pizza Gateway behind the scenes.

4. You are welcome! But don't invest more than you can afford to lose.
If you're keeping your savings in BTC, possibly would be better to wait until June 27th, claim you Lumens and only then invest to OAX.
Possibly OAX will be still available.

https://www.stellar.org/blog/bitcoin-claim-lumens-2/

5. Yes, there was a very successful Pre-Token-Sale. The price was the same.

[bitvoyager]

One more awesome video about openANX by okinawa!

Watch the video:
https://www.youtube.com/watch?v=ypu-AWWbbm4


REMINDER

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


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

[adu1t]

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

[kim-yon]

It's very interesting and a good project . It took a very good investment quickly .

[statdude]

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.