[ANN] - OAX Foundation

[Gaman]

is there exchanges lined up for this?

[1714788852]

1714788852

[1714788852]

1714788852

[Gaman]

The total supply is 100M, exchange rate 478token / ETH, so the total market capitalization of ETH is more than 200k, right? For this project, for me 200kETH too expensive, has drained the future appreciation potential, so why buy?By the way, Chandler Guo is not a highly respected person, on the contrary, he is considered dishonest.

well a newbie, huh? do you have any proof about that accusation? you better present it to us before saying anything. i think you are just trying to discourage the investors and the future investors from this project, well mate, i think you barked the wrong tree. tokens is almost sold out, and i guess it will be sold out this weekends.

Thanks for your opinion, lb9999!

To my mind, with its enormous potential and capabilities the ANX International could finance the development of the platform with their own forces. But because of the main purpose of the project to become the large global player, the OAX foundation decided to start build the Community from the very beginning. It's a good possibility for people who like the idea to be involved on the early stage. I am pretty sure, that if/when the OAX will reach its goals at least in part the total capitalization will be much bigger than the figures you gave. Can't comment the honesty of Chandler Guo. Check the team. You can find a lot of bright persons there. Peter Smith?

If the total supply is 100M and only 30M is sold to public, where did the other 70M go?

[bitvoyager]

It seems that the ICO will last for days, maybe to the last day.
Maybe that is not bad, more people will get to know this project.

Thanks for the interest to the platform, seek4dream!

Agree with you, the larger the Community - the better for the project.
The "Soft cap" have been reached at the first day of the Token Sale.

The OAX representative on the Slack:

"We can close any time, but right now the trickle of small contributions is building a really large community
4000 or so, only a handful token sales have had a community that big, we are really happy"

https://openanx.slack.com/messages/C4R527SJC/


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

[bitvoyager]

The total supply is 100M, exchange rate 478token / ETH, so the total market capitalization of ETH is more than 200k, right? For this project, for me 200kETH too expensive, has drained the future appreciation potential, so why buy?By the way, Chandler Guo is not a highly respected person, on the contrary, he is considered dishonest.

well a newbie, huh? do you have any proof about that accusation? you better present it to us before saying anything. i think you are just trying to discourage the investors and the future investors from this project, well mate, i think you barked the wrong tree. tokens is almost sold out, and i guess it will be sold out this weekends.

Thanks for your opinion, lb9999!

To my mind, with its enormous potential and capabilities the ANX International could finance the development of the platform with their own forces. But because of the main purpose of the project to become the large global player, the OAX foundation decided to start build the Community from the very beginning. It's a good possibility for people who like the idea to be involved on the early stage. I am pretty sure, that if/when the OAX will reach its goals at least in part the total capitalization will be much bigger than the figures you gave. Can't comment the honesty of Chandler Guo. Check the team. You can find a lot of bright persons there. Peter Smith?

If the total supply is 100M and only 30M is sold to public, where did the other 70M go?

Thank you for the question, Gaman!

I saw mention of "1 and 2 year locked tokens".  Which tokens are those?

OAX Token Sale Information Memorandum, Pages 4-5
3. TOTAL SUPPLY AND ALLOCATION OF OAX:
https://www.openanx.org/en/assets/documents/openANX_Information_Memorandum_ENU.pdf

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

Thirty million (30,000,000) (30%) (the “OAX for Additional Token Sales”, or “OAX for ATS”) - Reserved for one or more subsequent offerings to the public on later
                                                                                                                                       dates as 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.

Twenty million (20,000,000) (20%) (the “Reserved OAX”) -                                                 To be used by the Foundation for ongoing development and promotion
                                                                                                                                       of the openANX ecosystem and fund operation costs. All of the reserved
                                                                                                                                       OAX are subject to lock-up for 2 years from Token Launch.

Twenty million (20,000,000) (20%) (the “OAX for Founding Supporters”) -                            Allocated to directors, advisors and early backers (collectively
                                                                                                                                       “Founding Supporters”) of the openANX project. 14,000,000 and
                                                                                                                                       6,000,000 of these will be subject to lock-up periods of 1 and 2 years
                                                                                                                                       from Token Launch, respectively.

[bitvoyager]

is there exchanges lined up for this?

The OAX Foundation representatives don't want to speculate on this question.
openANX will reveal this information once all the agreements with the exchanges will be signed and sealed.

[seek4dream]

when will the "Additional Token Sale" happen?

[Burmik123]

is there exchanges lined up for this?

I think it will be able to trade ANX token at Liqui and Bittrex. Last ICO are traded there already.

[bitvoyager]

when will the "Additional Token Sale" happen?

It's planned that "Additional Token Sale" will happen when the working prototype will be launched.
The OAX Foundation is going to hold it on its own newly created platform, somewhere in Q2 2018.

"Additional Token Sale - On the release of a successful prototype, a second token sale will be launched to fund
the full production ready launch and development of all relevant technology and organization matters."

White Paper openANX – Real World Application of Decentralized Exchanges V2.3.8, Page 17:
https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU.pdf

[passionsurf]

is there exchanges lined up for this?

I think it will be able to trade ANX token at Liqui and Bittrex. Last ICO are traded there already.

With how many tokens have already sold, I'm sure this coin will get listed on Bittrex very soon.

[bitvoyager]

When can we begin to sell our OAX and on what exchanges will it be on first? Also, do you predict any price at launch?

Thanks for the interest to the platorm, CageKennylz!

The OAX Foundation representatives don't want to speculate on this question.
openANX will reveal this information once all the agreements with the exchanges will be signed and sealed.
Can say nothing about predictictions. How much, do you think, the Ethereum will cost in a week for example?

[dz4505]

The activity on the buy is down to like nothing at the moment.  Is there any plans to close early?  

[bitvoyager]

openANX Community Pride by Byungwoo Sohn & Kuma Chow
 

We’d like to once again thank those of you who contributed, and remind everyone that our Token Sale is still kicking.
We really appreciate you guys! To show our appreciation, we’d like to tell everyone that communicating and engaging
with the community is one of our top priorities. We try to answer questions from the community as quickly and
as accurately as possible. We apologize in advance if we can’t answer something quickly. Please understand that our
responses often have to be checked by multiple people within the team.

To continue and improve our community engagement, we’d like to ask for your help. As the project develops,
we will be creating more formalized chat groups. At this moment though, we’d really appreciate it if you could
just share your experiences with us. We want to hear about:

1. How/Why you got involved in the project.

2. Previous experiences, good or bad, with centralized or decentralized exchanges.

3. Why you’re excited about openANX

4. How we can best communicate with the community; which methods are the best? i.e.
Twitter, Reddit, bitcointalk thread, project website, Slack, Medium blogs such as this one, etc.

5. Any concerns? Which things the team can improve upon?

Besides these topics, we’re open to hear anything you have to say. Please email us at marketing@openanx.org.
If we get a good number of responses, we will do a follow-up blog covering some of your responses.


The full article:
https://medium.com/@OAX_Foundation/openanx-community-pride-2d9037daa981


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

[dz4505]

Thirty million (30,000,000) (30%) (the “OAX for Additional Token Sales”, or “OAX for ATS”) - Reserved for one or more subsequent offerings to the public on later
                                                                                                                                       dates as 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.

Lock-up for a year is huge in cryptocurrency land...might want to rethink this.

[bitvoyager]

The activity on the buy is down to like nothing at the moment.  Is there any plans to close early?  

Nobody knows, dz4505 

[LEEMEEGO]

When can we begin to sell our OAX and on what exchanges will it be on first? Also, do you predict any price at launch?

Thanks for the interest to the platorm, CageKennylz!

The OAX Foundation representatives don't want to speculate on this question.
openANX will reveal this information once all the agreements with the exchanges will be signed and sealed.
Can say nothing about predictictions. How much, do you think, the Ethereum will cost in a week for example?

the price of the token will solely depend on the price of the ETH.. so you can calculate it base on the price of eth.. just keep in mind that   1 ETH = 478.68 OAX..

[CORNEL]

The activity on the buy is down to like nothing at the moment.  Is there any plans to close early?  

Nobody knows, dz4505 

It will continue till the countdown if all token sold out early than it has chance to get closed early. This is great project soon it will attract new investors towards this.

[Sampey]

Hi,
just a question, not sure to have understood......
If i bought let's say 500 OAX during the ICO i need to full submit (somewhere, actually i'm not able to find it) my IDCard/Passport, Bill and personal data to unlock that tokens?

Thanks

[bitvoyager]

When can we begin to sell our OAX and on what exchanges will it be on first? Also, do you predict any price at launch?

Thanks for the interest to the platorm, CageKennylz!

The OAX Foundation representatives don't want to speculate on this question.
openANX will reveal this information once all the agreements with the exchanges will be signed and sealed.
Can say nothing about predictictions. How much, do you think, the Ethereum will cost in a week for example?

the price of the token will solely depend on the price of the ETH.. so you can calculate it base on the price of eth.. just keep in mind that   1 ETH = 478.68 OAX..

Agree with you, LEEMEEGO, 1 ETH = 478.68 OAX and 1 OAX = 0.75 USD. 1 ETH = 478.68*0.75 = x USD

For the avoidance of doubt, the price of 1 OAX was approximately the equivalence of USD5 0.75 in ETH
based on ETH/USD daily closing exchange rate of 20 June 2017
https://www.openanx.org/en/assets/documents/openANX_Token_Sale_Summary_Sheet_ENU.pdf

[bitvoyager]

Hi,
just a question, not sure to have understood......
If i bought let's say 500 OAX during the ICO i need to full submit (somewhere, actually i'm not able to find it) my IDCard/Passport, Bill and personal data to unlock that tokens?

Thanks

Thank you for the interest to the project, Sampey!

Here is some info about current situation with KYC:
https://bitcointalk.org/index.php?topic=1943946.msg19751202#msg19751202

Pinned post on Slack:
"Reasonable KYC processes are conducted to comply with the (basic) regulatory requirements.  Given the critical interaction that will be required going forward for the successful launch of the project, it is important that the Foundation and the Exchange do not get started on a negative footing with regulators and policy makers which may otherwise jeopardize the viability of the project."

OAX representative on Slack:
"we will have updates shortly (likely tomorrow) regarding the KYC process and how we will simplify it
I will keep slack updated regarding KYC processes"

https://openanx.slack.com/messages/C4R527SJC/

We will keep Bitcoin Talk updated too.

[Sampey]

Thank you so much