[ANN] - OAX Foundation

[bitvoyager]

Log of AMA with openANX at ArkEcosystem

Question:

  - How do you compare with other decentralized exchange projects like 0xProject? What are you weakness and strenghts?

Answers:
 
  - if you check out our site, you can see we are partnered with 0x, thats because most DEX focus on pure crypto, 0x for example erc20 tokens;
  - we have a leg up / head start because anx has been around for four years, we have a customer base and plenty of IP already,
    we intend to prove the business model with our own business;
  - given that 99% of the volume is centralised, the DEX partners (such as 0x) love openANX, it brings fiat to their doorstop
 
The full conversation:
https://www.reddit.com/r/ArkEcosystem/comments/6imxdj/log_of_ama_with_openanx/?st=J47G5BLS&sh=bc3f32b9


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

[timothy17]

  How can I contribute ? I went to the webpage and clicked the contribute tab,it does not direct to a Ether address.

  Also, regarding the KYC info, how does that get processed, what is the procedure ?  I do not have any utility bill it is included in my
rent payment; Will a rental lease contract suffice?

[Dvd1989]

  How can I contribute ? I went to the webpage and clicked the contribute tab,it does not direct to a Ether address.

  Also, regarding the KYC info, how does that get processed, what is the procedure ?  I do not have any utility bill it is included in my
rent payment; Will a rental lease contract suffice?

What does KYC stand for?

[swiftbits]

Can you please update my Ethereum Address of the Spreadsheet for the Signature Campaign?
I already sent you the info needed. Thank You 

[julerz12]

  How can I contribute ? I went to the webpage and clicked the contribute tab,it does not direct to a Ether address.

  Also, regarding the KYC info, how does that get processed, what is the procedure ?  I do not have any utility bill it is included in my
rent payment; Will a rental lease contract suffice?

What does KYC stand for?

Know Your Costumer.

[georgeandy]

why i can not open the signature caipamgn gdoc now?

[bitvoyager]

 How can I contribute ? I went to the webpage and clicked the contribute tab,it does not direct to a Ether address.

  Also, regarding the KYC info, how does that get processed, what is the procedure ?  I do not have any utility bill it is included in my
rent payment; Will a rental lease contract suffice?

Thank you for the interest to the openANX platform, timothy17

1. Works for me. Just checked. You have to go through some "I agree".  

2. You may read the OAX Token Sale Information Memorandum. There is a lot of info about KYC in this document:
https://www.openanx.org/en/assets/documents/openANX_Information_Memorandum_ENU.pdf

According to the team representatives:
Actually on practice KYC and AML/CTF will be done for large payouts only. The team is expecting to implement this to some people, no more.

Here is the answer about KYC from Dave Chapman on Telegram:

- 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

[JENREM]

why i can not open the signature caipamgn gdoc now?

me too.. i think they are updating the sheet.. but anyway please ask it in the bounty thread man, it will be answered fast if it is asked there.  

https://bitcointalk.org/index.php?topic=1947373.0

[bitvoyager]

why i can not open the signature caipamgn gdoc now?

me too.. i think they are updating the sheet.. but anyway please ask it in the bounty thread man, it will be answered fast if it is asked there.  

https://bitcointalk.org/index.php?topic=1947373.0

Yes, the Signature spreadsheet is being updated right now. That's why it locked by devs.

[minerbro]

I couldn't attend the ico because of my network problems. I hope it will be success because lots of my friend have invested it. Success for developers team.

[bitvoyager]

I couldn't attend the ico because of my network problems. I hope it will be success because lots of my friend have invested it. Success for developers team.

Thanks for the good wishes, minerbro! The Token Sale is still active.

[timothy17]

 How can I contribute ? I went to the webpage and clicked the contribute tab,it does not direct to a Ether address.

  Also, regarding the KYC info, how does that get processed, what is the procedure ?  I do not have any utility bill it is included in my
rent payment; Will a rental lease contract suffice?

Thank you for the interest to the openANX platform, timothy17

1. Works for me. Just checked. You have to go through some "I agree".  

2. You may read the OAX Token Sale Information Memorandum. There is a lot of info about KYC in this document:
https://www.openanx.org/en/assets/documents/openANX_Information_Memorandum_ENU.pdf

According to the team representatives:
Actually on practice KYC and AML/CTF will be done for large payouts only. The team is expecting to implement this to some people, no more.

Here is the answer about KYC from Dave Chapman on Telegram:

- 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

  Thank You for the reply, FYI the  prompt to the subscription page does not  work  with  Firefox, I was able to proceed  when I changed my browser. I have read the KYC
disclosure, I am  just concerned because I may not be able to provide  proof of address in the manner requested because it specifically  requests a utility bill which I do not receive :

"Direct Purchasers will be required to verify their identity and adhere to the Foundation’s KYC policy. This includes the submission of both government ID and proof of address. Valid Identity documents include a passport, national identity card, or driver’s license. Valid proof of address includes utility and rates bills not older than 3 months. Other forms of ID and Address verification may not be accepted. Any purchased OAX will remain inactive until account verification has been completed and deemed satisfactory by the Foundation."

 

[bitvoyager]

23 000 000 OAX sold! 7 000 000 OAX 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

How to Setup MyEtherWallet and view your OAX Contribution:
https://www.youtube.com/watch?v=TTe8uxY1RsE


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

[seek4dream]

23 000 000 OAX sold! 7 000 000 OAX 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

How to Setup MyEtherWallet and view your OAX Contribution:
https://www.youtube.com/watch?v=TTe8uxY1RsE


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

That is impressive. Hope I can still get some more this weekend.

[shenjing85]

23 000 000 OAX sold! 7 000 000 OAX 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

How to Setup MyEtherWallet and view your OAX Contribution:
https://www.youtube.com/watch?v=TTe8uxY1RsE


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

That is impressive. Hope I can still get some more this weekend.

I think the ICO will be over in about one or two days. Though it is not over in a short time, I think this project will be a great success.

[Affilate User]

Give a little gift for bounty?
While your project is in success ...
What makes you give very little reward?

[bitvoyager]

openANX Current Status and Next Steps by Liam Bussell, Head of Global Marketing


"The most successful Asian token sale in history"

"This is a great achievement, and shows us that our community is both large, and global.
 We have over 1,000 backers who contributed 1.5 ETH or less"

"If we compare to recent projects and total number of contributors;
BAT: 184, Golem: 522, Gnosis: 623, TokenCard: 2,264, openANX: 3,300+"

"Some people have asked how long we will keep the sale open, and for us the decision is not difficult"

"We also have some news regarding next steps; We have begun forming a Working Group of exchanges
and are in discussions with a number of participants, names you will certainly recognize!
Once details are final we will release them via the website and social media."


Read the full article:
https://medium.com/@OAX_Foundation/openanx-current-status-and-next-steps-c0ab05f7831f


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

[AsiaNexgen]

Give a little gift for bounty?
While your project is in success ...
What makes you give very little reward?

We have a bounty program here -> https://bitcointalk.org/index.php?topic=1947373.0

[Burmik123]

23 000 000 OAX sold! 7 000 000 OAX 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

How to Setup MyEtherWallet and view your OAX Contribution:
https://www.youtube.com/watch?v=TTe8uxY1RsE


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

That is impressive. Hope I can still get some more this weekend.

I think the ICO will be over in about one or two days. Though it is not over in a short time, I think this project will be a great success.

Agree with you, ICO will end very soon. The longest term is near week, because of hard ETH position now. And dont you guys do not afraid that price of anx will be low, because of eth dump.

[XCNP]

This crowdfunding is successfully keep moving towards it final numbers though little slowly but steadily. More investors like us who have little money will become part of this project and that is important. I like that whales are not dominating this project like others where millions were injected in matter of hours.