[ANN] - OAX Foundation

[bitvoyager]

OAX Project Q4 Roadmap Update — Legal and Regulatory Stream by Hugh Madden & Liam Bussell

The key deliverables for the legal and regulatory stream of the project for this phase are as follows:

- Corporate and governance design for the foundation with PWC assistance
- Overall operating model and governance design for the working group, platform, and potential association or other related organisations
- Global positioning papers on custom moneys, money services, and if relevant, securities laws
- Deep dive into relevant jurisdictions for early adopters and working group members

The long term deliverables of the legal and regulatory stream include:

- Corporate structure and governance for the Foundation itself, which should not be an operator of the platform; rather it’s focus is to produce the technology,
  ecosystem, and legal framework to allow other entities to operate and participate with the platform in a safe and legal manner
- Structure and governance for a supporting organisation that -may- operate some aspects of the platform, including but not limited to official positions on
  security and underlying blockchain structural matters, and facilitation of dispute resolution. Formation of an association has been one proposed model.
- A governance model for the decentralised platform itself
- A high level legal framework to support the participation in the platform and eco-system

Read the full article on the OAX Medium:
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-legal-and-regulatory-stream-8d9a3d4671a2


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[ANX Marketing]

https://medium.com/@OAX_Foundation/oax-project-statement-evolving-regulation-9ceb0a49c5d

Hi Guys, Our Official Statement for recent regulation in China and Korea is here.

OAX Project Statement — Evolving Regulation
We have received questions from the community about recent regulatory announcements in China, South Korea and other markets regarding ICO/Token Sale projects. OAX and the Foundation welcome regulation, as it aims to remove uncertainty from the market and is the first necessary step toward legitimacy for the cryptocurrency space.
The Open ANX Foundation is a non profit entity incorporated in Hong Kong, and was advised by several legal firms; for example:
KWM | KWM advises on Hong Kong's first cryptographic token sale

King & Wood Mallesons (KWM) has advised the Open ANX Foundation Limited as Hong Kong and PRC counsel on its initial…
www.kwm.com   
We actively monitor updates from regulators, and endeavour to comply with all relevant laws and regulations. As seen in China, some jurisdictions are evolving their policies. The foundation will take such steps as necessary to remain compliant as and when clarity and details are available on the revised policies.
We expect our project to continue as per the roadmap recently released, see below:

OAX Project Q4 Roadmap Update — Legal and Regulatory Stream
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-legal-and-regulatory-stream-8d9a3d4671a2
By Hugh Madden & Liam Bussell
medium.com   

OAX Project Q4 Roadmap Update — Technology Stream
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-technology-stream-120a8ef3046b
By Hugh Madden and Liam Bussell
medium.com   

OAX Q4 Roadmap Update — Community and Engagement Stream
https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322
By Hugh Madden and Liam Bussell
medium.com   

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[Dvd1989]

https://medium.com/@OAX_Foundation/oax-project-statement-evolving-regulation-9ceb0a49c5d

Hi Guys, Our Official Statement for recent regulation in China and Korea is here.

OAX Project Statement — Evolving Regulation
We have received questions from the community about recent regulatory announcements in China, South Korea and other markets regarding ICO/Token Sale projects. OAX and the Foundation welcome regulation, as it aims to remove uncertainty from the market and is the first necessary step toward legitimacy for the cryptocurrency space.
The Open ANX Foundation is a non profit entity incorporated in Hong Kong, and was advised by several legal firms; for example:
KWM | KWM advises on Hong Kong's first cryptographic token sale

King & Wood Mallesons (KWM) has advised the Open ANX Foundation Limited as Hong Kong and PRC counsel on its initial…
www.kwm.com   
We actively monitor updates from regulators, and endeavour to comply with all relevant laws and regulations. As seen in China, some jurisdictions are evolving their policies. The foundation will take such steps as necessary to remain compliant as and when clarity and details are available on the revised policies.
We expect our project to continue as per the roadmap recently released, see below:

OAX Project Q4 Roadmap Update — Legal and Regulatory Stream
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-legal-and-regulatory-stream-8d9a3d4671a2
By Hugh Madden & Liam Bussell
medium.com   

OAX Project Q4 Roadmap Update — Technology Stream
https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-technology-stream-120a8ef3046b
By Hugh Madden and Liam Bussell
medium.com   

OAX Q4 Roadmap Update — Community and Engagement Stream
https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322
By Hugh Madden and Liam Bussell
medium.com   

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Is it true that ICO's that were launched in China will have to pay back their investors?

[bitvoyager]

Is it true that ICO's that were launched in China will have to pay back their investors?

Hello Dvd1989, the OAX Foundation can't interpret on this matter.
You can look for the initial information sources, here are some articles on this question:
https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html
http://www.zerohedge.com/news/2017-09-04/ethereum-bitcoin-crash-after-china-declares-initial-coin-offerings-illegal
https://news.bitcoin.com/chinas-central-bank-deems-icos-illegal-refunds-mandated/

[crypt0kid]

Dont worry Guy's this token Will moon to >$5 soon.
Big chinees Guy's playing with the price!
Be patient and you will be happy soon!

some rumors, or this is just your thoughts? 5$ is very big price i think, but after release we can see price near 2.5$ i think.

The current price is a fantastic buying opportunity. Unfortunately, all of my funds are tied up in other investments. That being said, I don't think that price forecasts are realistic. Decentralized Exchanges are the way of the future, especially with certain governments waiting to jump in with regulations. OpenANX will go up in price. That is just common sense. The question is when and that is something that no one can really predict. I only wish that I was more liquid to be able to pick up a bunch more.

[bitvoyager]

OAX Q4 Roadmap Update — Community and Engagement Stream by Hugh Madden and Liam Bussell

The ecosystem and community deliverables for this quarter are as follows:

- Finalise and publish details of the working group, facilitate ongoing collaboration to direct the legal and technology streams
- Build up the grass roots community to educate crypto, finance, and regulatory stakeholders on the objectives of the project
- Design and execute on educational campaigns relevant to the foundation; such as building awareness of the risks around allowing third parties to hold private
  keys, and checklists for understanding the compliance levels of industry participants.

The long term and ongoing deliverables of the community and ecosystem stream include:

- Formation and engagement of a working group of select industry partners to collaborate on, and guide the three streams/pillars of execution
- Build a large “grass roots” community to support, guide, and educate the market on the goals and benefits of openANX to the crypto-currency community
- Ongoing public relations and communication to maintain the visibility of the project in the public
- Continue to build industry support and awareness for the project

The foundation has acquired the OAX.org domain, and a rebranding exercise will be undertaken to remove “ANX” from the foundation and project branding, this is seen as necessary to present an open, neutral community project. This will aid the engagement of other industry firms.

Read the full article on the OAX Medium:
https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322


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[godda04]

Thanks for the update bitvoyager, Youre a great asset to the OAX team.

[z0n0]

This is just crazy how low the price is now. Definitely buying more!!

[shenjing85]

The market performance of the OAX is really bad, the price is about 40% about the ICO price, what is wrong with this coin? Seems promising but no much investors want to buy it.

[Makinson]

I bought 200 of these at 1.4 ea  how fucked Am I?

lol well you might get your money back if you hold it long enough.

[eddiies]

The market performance of the OAX is really bad, the price is about 40% about the ICO price, what is wrong with this coin? Seems promising but no much investors want to buy it.

the price is low now.but the team always work for it.the roadmap update yesterday.you maybe should keep it in long term.but i also do not know why the price is so low.

[nickbelski]

OAX is great token for trading, i think investors thought that it`s time get their money back, because of project was developed by chinese team, it will be under jurisdiction of China, but OAX headquarter is situated in Hong Kong, and local laws are friendly to ICO`s. It`s just a matter of time when trust will come back to OAX. There a number of exhibitions where team will take part in September, all will be ok. Take it easy.

[Kalemder]

Hong Kong regulator ‘concerned’ by ICO funding boom

https://techcrunch.com/2017/09/05/hong-kong-ico-concern/

OAX, is a currency based in Hong Kong?

[daburone]

Why is this coin only on shit exchanges?

For a project that's all about liquidity, you sure are doing a lousy job of giving your investors any.

[bitvoyager]

Hong Kong regulator ‘concerned’ by ICO funding boom

https://techcrunch.com/2017/09/05/hong-kong-ico-concern/

OAX, is a currency based in Hong Kong?

Hello Kalemder,
The ANX International is behind the OAX Foundation.
ANX is based in Hong-Kong. OAX project too. OAX currency is global.)

https://en.wikipedia.org/wiki/ANX_(Hong_Kong_company)

Open ANX Foundation (the “Foundation”) is a company limited by guarantee formed under the laws of Hong Kong Special Administrative Region.
openANX KYC & AML Policy, https://www.openanx.org/en/

[daburone]

Hong Kong regulator ‘concerned’ by ICO funding boom

https://techcrunch.com/2017/09/05/hong-kong-ico-concern/

OAX, is a currency based in Hong Kong?

Hello Kalemder,
The ANX International is behind the OAX Foundation.
ANX is based in Hong-Kong. OAX project too. OAX currency is global.)

https://en.wikipedia.org/wiki/ANX_(Hong_Kong_company)

Open ANX Foundation (the “Foundation”) is a company limited by guarantee formed under the laws of Hong Kong Special Administrative Region.
openANX KYC & AML Policy, https://www.openanx.org/en/

Obviously the guy was not asking for you to clarify whether the company is registered in Hong Kong. He wanted you (or someone from the team) to address the thrust of the article.

<prepares for canned response>

[mickp]

Why is Openanx not on bittrex yet? Any New Exchanges in the planning?

[SwedishGirl]

I dumped my OAX today. Everything about the project has been very annoying lately. The twitter account is retarded, the bounty campaigns are retarded, they should really try a bit harder.

[|Admiral|]

I dumped my OAX today. Everything about the project has been very annoying lately. The twitter account is retarded, the bounty campaigns are retarded, they should really try a bit harder.

i agree with you , anyways how much OAX you dumped today?

[Archru]

Please, Which wallet should store OAX? I not sure myetherwallet.com is correct or best or other wallet superior.

Grateful appreciate advice.