Hi
To Hugh, Liam, and Dave: You have really failed your investors in this project. There is no inspiration or community with OpenANX and you have failed to inspire attention and people to invest. If you want people to draw to this project please do not bore them with legal or technical jargon. People interested in ANX want to see some development, not pictures of Hugh shaking hands and burning through your funds traveling/visiting other countries. Your team needs vision and actual milestones, not a flowery roadmap. We need specific commitments:
For example:
In Q4 we will achieve X
In Q1 2018 we will specifically achieve Y
By June the project will be released.
We need to see specific milestones (technically) being reached for anyone to feel this project is still current and that the 20 million raised was not in error.
It is not too late to turn things around but they require some big steps:
1) Getting your coins on more exchanges and being transparent with this.
2) Showing what you will actually achieve and the what you plan on coding and or showing the code from ANX Intl as a base (so this doesn't appear to be an empty vaporware project).
3) Being live, active, and energetic on social media. Please look at how blocksafe approaches its twitter and bitcointalk forums. Study communities like NEO and Dogecoin to see how they generate hype. As an example, when Mysterium went silent for a month people felt it was a scam, so the CEO was pressured to release a statement, be more active online, and post pictures of development etc...Even the best coins with best fundamentals will die without active marketing. Your marketing team is slow and feels like a regulatory, boring, old company at best. Cryptocurrency is fast paced and lives off momentum, not stagnation.
4) Show the world what type of value OpenANX can bring. You keep stating this coin will be beneficial because we'll all be hurting when an exchange gets hacked and takes our funds. However, I'd rather risk an exchange holding my funds, than an exchange that doesn't exist at all holding my funds (aka OAX has no working product).
Hugh, Liam etc... you may not care about the price of OAX, but when this coin goes to 1 cent and no one wants to buy it because it is on no exchanges what's the point of even developing it? You do realize if this project fails to inspire investor confidence, it will bleed over to ANX international and hurt your major brand, right? Why would you advertise OAX on the front page of ANX international if people don't think this is a good project? And how people think this is a good project is through investor confidence, aka a product and a higher marketcap. Don't act like the price is irrelevant, you raised funds for a reason and people invested in your coin for a reason. This isn't a charity or an open-source grassroots coin. You raised 20 million and now you are responsible to create a business out of it.
Hi IhateICO's, thanks for the note. Strange choice of name for a token sale backer. I understand your frustration, really I do. However, I feel we have been nothing but transparent. We have posted updates in terms of our roadmap, and how this will progress in the next 4 months until the end of the year. At this stage it looks like we will have something early rather than late, but I can't guarantee this so we are still following the roadmap as published.To answer your questions one at a time
1) We have said we cannot speculate on exchanges from day one. The reason for this should be pretty clear based on recent developments in China. We want to be a successful long term business, and to do that we must be responsible and in line with regulation. To not do that, or to ride the hype train would be irresponsible
2) We have posted user journey's on Slack, code updates on GitHub for KYC/AML tokens, which should show that our first step is to get asset gateways in place from Day #1. We won't simply push out a product that doesn't have these systems in place. One of the great benefits of the OAX project is the asset gateways and fiat channels. The ecosystem needs them to work, so we will have them from the start.
3) We have never been silent, I can understand that we can certainly improve, and we'll try to do that, but we are here every day. We are looking at doing an AMA in the next two weeks on Slack with Hugh and some of the developers. We are moving, obviously just not as fast as some people would like. We cannot predict things like the changes in China, or Korea, or other markets.
4) We were clear from the beginning what the timeline was. I'm not sure what we are getting at here.
In addition, the good news we have given you have ignored. The fact that we are in good financial health and don't need a second token sale in 2018 is surely a good thing? As I mentioned on the Slack channel we are still considering the best way to approach what that means in terms of the remaining tokens. We will update you when we have made a decision.
In closing, I do understand that you are frustrated. We are working hard to deliver a great project. If you have specific questions about the project, I'll be happy to try and answer them
