[ANN] - OAX Foundation

[standards]

Everyone is waiting for an update. Everyone is waiting for that announcement that OpenANX will actually deliver some worth for their investors.
It is without reason that openANX is not listed on at least 2-3 major exchanges like Bittrex, Livecoin, Poloniex. The only reason I see for this is that the project leaders doesn't want the price to increase. Why - I don't know, but surely there must be a reason.
And don't give me that BS about the project / team not wanting to have anything to do with the market speculation, because you don't have to, in order to just get the coin added.
You were delivered 25 million, 25 million fucking dollars. And you can't even take the time to pay a few btc to get the fucking token listed? This is utterly embarrasing, and I do get why people are selling to get out. But yeah.. That doesn't really matter now does it, you got your money.
Pathetic.

Hi Degar, thanks for the interest, but please don't go out there spreading FUD. From all our comments and statements, it's pretty clear I can't speculate on exchanges, however a quick look at Bittrex shows they haven't listed ANY new tokens in almost a month. Likely to do with the hard fork but again, I can't speculate.

So again, please don't assume we have some grand plan to screw you, because that is simply not the case. We are working hard to make our product the best it can be.

Hope this helps

Thanks,

Thanks. You guys are doing great job. just follow your schedule. I believe the current bearish market is temporary.

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[Yury1]

Many people are interested when OAX will appear on the Bittrex. What can you say about this? Do you do anything for this?

[ashmodeus]

Many people are interested when OAX will appear on the Bittrex. What can you say about this? Do you do anything for this?

can i say something ?
actually going to exchange is not about the dev token call bittrex then bittrex add it
not simple like that buddy ,

[bitvoyager]

Why the OAX Platform Has the Potential to Shake up Centralized Exchanges by Byungwoo Sohn

The main problem, I believe, is that there really are no viable alternatives to centralized exchanges at the moment. If I hear Bithumb got hacked and want to move my funds away, where would I go? I’d probably go to another centralized exchange in Korea, like Coinone. The same problem still exists however. No one really knows how or why Bithumb got hacked, as the system is centralized, opaque, and closed. If I moved my funds to another centralized exchange, does any of that change? How do I know that the new exchange I sent funds to has better security protocols?

God forbid the OAX platform ever have a security breach, but if one were to occur, there are clear protocols in place. First of all, unlike centralized exchanges which hold both crypto and fiat private keys, Asset Gateways in the OAX platform will only have custody of a single set of keys. For example, with a fiat gateway, the gateway will only hold onto the fiat currency in a transaction, and the user will retain crypto custody. The vice versa applies for crypto gateways.
Asset Gateways will also have transparent collateral levels, so that users can determine the amount of risk that they want to take on in a trade. The whole system will be open-sourced and transparent, so that everyone can check if there are potential loopholes.

Read the full article on OAX Medium:
https://medium.com/@OAX_Foundation/why-the-oax-platform-has-the-potential-to-shake-up-centralized-exchanges-baa8ab5da01


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[jvper]

Does anyone know what the relationship between OpenANX and 0x project is?

Hello, crypt0kid! 0x project is one of the partners of the OAX Foundation.

The openANX platform will take advantage of technical developments on the Ethereum blockchain such as payment channels (Raiden3, 0x, Swap, ERC204) and utilize them to overcome the challenges faced by the current CEM
https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU.pdf

You may watch the video with conversation between Hugh Madden, Technical Director of the openANX
and Amir Bandeali, CTO and Co-Founder of 0x and Will Warren, CEO and Co-Founder:
Part 1 - https://www.youtube.com/watch?v=i2PboMAJwcI
Part 2 - https://www.youtube.com/watch?v=oxN0Rh8L_Y8&t

But to some extent 0x and openANX are going to be competitors, aren't they?

[bitvoyager]

But to some extent 0x and openANX are going to be competitors, aren't they?

Hello, jvper!
I think nobody can answer about partnership and level of competition better than Hugh Madden, OAX CTO.
You may ask him directly (@hugh) on our Slack channel. Welcome!
https://join.slack.com/t/openanx/shared_invite/MjE0OTQzMDczMTI2LTE1MDAzNDIwMTEtNTc3MDc0ZjI0OQ

[CageKennylz]

OAX has a lot going for it so the price will reflect this in 2018.

[z0n0]

OAX has a lot going for it so the price will reflect this in 2018.

Indeed, OAX is a brand new project, of course it takes some time.
I don't have doubts OAX will deliver bigtime! Great team, can't wait to what future brings.

[jvper]

But to some extent 0x and openANX are going to be competitors, aren't they?

Hello, jvper!
I think nobody can answer about partnership and level of competition better than Hugh Madden, OAX CTO.
You may ask him directly (@hugh) on our Slack channel. Welcome!
https://join.slack.com/t/openanx/shared_invite/MjE0OTQzMDczMTI2LTE1MDAzNDIwMTEtNTc3MDc0ZjI0OQ

Thanks, bitvoyager!

[nonokeci]

So many ICOs promising decentralized exchanges, non have delivered in a clinical form with any meaningful trade volume. Why is it that the case?

[wildbud]

Why the OAX Platform Has the Potential to Shake up Centralized Exchanges by Byungwoo Sohn

The main problem, I believe, is that there really are no viable alternatives to centralized exchanges at the moment. If I hear Bithumb got hacked and want to move my funds away, where would I go? I’d probably go to another centralized exchange in Korea, like Coinone. The same problem still exists however. No one really knows how or why Bithumb got hacked, as the system is centralized, opaque, and closed. If I moved my funds to another centralized exchange, does any of that change? How do I know that the new exchange I sent funds to has better security protocols?

God forbid the OAX platform ever have a security breach, but if one were to occur, there are clear protocols in place. First of all, unlike centralized exchanges which hold both crypto and fiat private keys, Asset Gateways in the OAX platform will only have custody of a single set of keys. For example, with a fiat gateway, the gateway will only hold onto the fiat currency in a transaction, and the user will retain crypto custody. The vice versa applies for crypto gateways.
Asset Gateways will also have transparent collateral levels, so that users can determine the amount of risk that they want to take on in a trade. The whole system will be open-sourced and transparent, so that everyone can check if there are potential loopholes.

Read the full article on OAX Medium:
https://medium.com/@OAX_Foundation/why-the-oax-platform-has-the-potential-to-shake-up-centralized-exchanges-baa8ab5da01


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Any one platform hasn't 100%  protection always we've got risk be hacked...

[ANX Marketing]

So many ICOs promising decentralized exchanges, non have delivered in a clinical form with any meaningful trade volume. Why is it that the case?

The main reasons is that big volume traders, who do trading professionally, cannot reach the levels high levels of BUY/SELL orders on existing decentralized exchanges. Essentially the low level volume is self defeating when it comes to mass adoption. In OAX's case, its different. Our backer, ANX International, will integrate Order books from day 1, as will some of the other Asset Gateways. This will essentially super charge trade volume. In addition, we have a wide network of traders and players who will come onboard, also from Day 1.

It helps that many of our Founders/Backers have a LOT of experience running centralized exchanges

[Dvd1989]

So many ICOs promising decentralized exchanges, non have delivered in a clinical form with any meaningful trade volume. Why is it that the case?

The main reasons is that big volume traders, who do trading professionally, cannot reach the levels high levels of BUY/SELL orders on existing decentralized exchanges. Essentially the low level volume is self defeating when it comes to mass adoption. In OAX's case, its different. Our backer, ANX International, will integrate Order books from day 1, as will some of the other Asset Gateways. This will essentially super charge trade volume. In addition, we have a wide network of traders and players who will come onboard, also from Day 1.

It helps that many of our Founders/Backers have a LOT of experience running centralized exchanges

Decentralized exchange are the future. I see no real future for HVE's such a Poloniex. Fear of an exit-scam or seizure of btc-e frightens people.

Go openANX!

[bitvoyager]

OAX in Top 150 on Coinmarketcap!

https://coinmarketcap.com/assets/openanx/


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[bcsuisse]

great that it has been listed on openanx. I sold a little bit of my investment but will hold on to most of my tokens.

[seek4dream]

great that it has been listed on openanx. I sold a little bit of my investment but will hold on to most of my tokens.

Of course we should hold. this is only the beginning.

[bcsuisse]

great that it has been listed on openanx. I sold a little bit of my investment but will hold on to most of my tokens.

Of course we should hold. this is only the beginning.

yeah ! holding 99% of my oax. lets see where they go

[bitvoyager]

great that it has been listed on openanx. I sold a little bit of my investment but will hold on to most of my tokens.

Of course we should hold. this is only the beginning.

yeah ! holding 99% of my oax. lets see where they go

Thanks guys! Good coins usually go to the moon.

[bitvoyager]

Initial coin offering: A mix of crowdfunding and share sale. Interview with OAX's Dave Chapman

There are indeed speculators who do not know in intimate detail what [the ICO project] is, and they likely fall into the FOMO (fear of missing out) category. However, there are professional investors who do perform due diligence and furthermore fully appreciate the inherent risks of participating in such

From more than 4,400 contributors participating in that token sale, Mainland China (376), the US (114) and Russia (90) are among the top three geographic regions of the contributors. “The majority of openANX contributors actually want to see the end, the finished product, and not speculating on secondary markets,”

Companies hoping to raise funding via an ICO need “an idea or a product”, and present it in a public “white paper”, a document explaining in detail the pitch of the future company and platform. The white paper would also contain operational details of the fundraising such as investment goal and cap, accepted currency, number of token to be distributed, duration of ICO campaign and any legal concerns.

Dave Chapman is an invaluable leader who co-founded ANX International, and backer of openANX. As the COO at ANX International, Dave is a thought leader in operating a global crypto-assets exchange, with leadership domain knowledge in the blockchain industry.  His professional experience involves working with some of the world’s biggest financial brands on Project Management and Delivery. He has worked at HSBC, ABN AMRO and Barclays. Dave is the managing director of Octagon Strategy, a Hong Kong-based digital asset OTC trading desk.

Read the full article:
http://www.ejinsight.com/20170811-initial-coin-offering-a-mix-of-crowdfunding-and-share-sale/


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[ashmodeus]

OAX in Top 150 on Coinmarketcap!

https://coinmarketcap.com/assets/openanx/


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nice to see that , dev work for real .
now , price higher than ICO price , but just a little ,
btw , if u hold it price will going up again.