[ANN] - OAX Foundation

[hengar]

Has anyone else noticed very suspicious trading of OAX on the exchanges?

For example, take a look at trades on Binance over the last few hours. Every trade is below 200 OAX. Almost all trades are under 60 OAX, or between 150 and 190 OAX. Every trade is a sell.

Watch the market for a few minutes and you will see that a new buy order comes in just slightly higher than the current higher buy order. Then immediately a sell order matches it exactly.

Makes no sense - why are the orders so similar, and why is someone waiting to sell 150 OAX at 0.0012929 when they could sell for 0.0012925 immediately? Seems like market manipulation.

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[bitvoyager]

Has anyone else noticed very suspicious trading of OAX on the exchanges?

For example, take a look at trades on Binance over the last few hours. Every trade is below 200 OAX. Almost all trades are under 60 OAX, or between 150 and 190 OAX. Every trade is a sell.

Watch the market for a few minutes and you will see that a new buy order comes in just slightly higher than the current higher buy order. Then immediately a sell order matches it exactly.

Makes no sense - why are the orders so similar, and why is someone waiting to sell 150 OAX at 0.0012929 when they could sell for 0.0012925 immediately? Seems like market manipulation.

Hello hengar,
Thank you. Interesting observation. I will take a view and try to understand.
"Why is someone waiting to sell 150 OAX at 0.0012929 when they could sell for 0.0012925" - it seems the first price is higher than second.
Anyway I haven't my opinion on this situation. Should be researched and only then any conclusions can be made.
The official position of the OAX Foundation is not to comment on secondary markets.

[3x2]

Seems like oax is always quick in development and delivery.
I don't see team stopping or testing after one milestone..I wish team a good luck and hope they get what they are aspiring.

[bitvoyager]

QUOINE and ANX PRO Announce New Strategic Partnership To Build Liquidity In Crypto Economy

QUOINE, leading fintech company which operates QUOINEX, the first exchange to become officially licensed in Japan, and ANX PRO, one of Asia’s longest running and most reputable exchanges under ANX International, formally announced that they will work together on the QUOINE’s global liquidity platform, QUOINE LIQUID.

https://steemit.com/crytocurrency/@quoineliquid/quoine-and-anx-pro-announce-new-strategic-partnership-to-build-liquidity-in-crypto-economy


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

[ivanpoldark]

I do not understand why to carry out second token sale circle. Price for current token supply still below the ICO level, developers should focus on rolling out real project things. We are all in anticipation and await of something substantial that can push up price.

Hello ivanpoldark, that's what I said. Nobody hurry with the second Token Sale.
That was preliminarily said in thy roadmap update and was confirmed by Liam during AMA, as he said:
Honestly, nothing has been confirmed yet. The reason for this is that the tokens are locked in the smart contract until the time period of the second sale anyway (Q2 2018)
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
Yes, agree to you, a lot of depends on real project things.
I hope we'll see the first results in nearest months, and the working prototype in Q2, 18 as stated in the Milestones.

Thank you for your answer, it`s very important when you say or ask something and get a quick response with information injection. I hope the team is really working, looks like Honk Kong now turns into blockchain Mecca, the cradle of such disruptive project as OAX, GatCoin, and others.

[hengar]

Has anyone else noticed very suspicious trading of OAX on the exchanges?

For example, take a look at trades on Binance over the last few hours. Every trade is below 200 OAX. Almost all trades are under 60 OAX, or between 150 and 190 OAX. Every trade is a sell.

Watch the market for a few minutes and you will see that a new buy order comes in just slightly higher than the current higher buy order. Then immediately a sell order matches it exactly.

Makes no sense - why are the orders so similar, and why is someone waiting to sell 150 OAX at 0.0012929 when they could sell for 0.0012925 immediately? Seems like market manipulation.

Hello hengar,
Thank you. Interesting observation. I will take a view and try to understand.
"Why is someone waiting to sell 150 OAX at 0.0012929 when they could sell for 0.0012925" - it seems the first price is higher than second.
Anyway I haven't my opinion on this situation. Should be researched and only then any conclusions can be made.
The official position of the OAX Foundation is not to comment on secondary markets.

In that example, yes the price of 0.0012929 is higher but than 0.0012925, but only very slightly. When the lowest sell order is at ~0.0014 price, then there is quite a big margin between buy and sell orders. So it does not make sense that someone would wait for the buy order to increase such a small amount, and then within 10 seconds of the buy order appearing to match it.

Of course, if it happens a few times, it is not suspicious but it is happening on almost every trade. Take a look at the last trades:

https://i.imgur.com/lcjSHhH.png

Every single one below 200 OAX, and an immediate sell as soon as a small buy order appears just above the buy price.

BTW, I am not blaming OAX here. It could be price manipulation from bagholders, or something suspicious on Binance. But either way, this is the biggest exchange for OAX, and it doesn't inspire much trust. (Which in itself is the very reason a DEX project OAX exists of course  )

[steinkopf]

OAX trading is now live on Qryptos exchange

https://www.qryptos.com/

https://twitter.com/OAX_Foundation/status/923404976021311488

One more great news form the team, one more  partnership, glad to see that team is working hard, and I'm like many others very excited to see at least the screen-shots of the prototype. And great team is participating in different events, hope this will bring more partners and friends to the project.

[sanas]

Good partnership has recently been concluded by the OAX. I'm happy with how the team works and I think the market will soon react to this. I'm looking forward to adding to Bitrex soon.

[AsiaNexgen]

Good partnership has recently been concluded by the OAX. I'm happy with how the team works and I think the market will soon react to this. I'm looking forward to adding to Bitrex soon.

Guys, check out this latest blog post! Starting to see things moving!

https://medium.com/@OAX_Foundation/oax-gets-listing-fever-and-other-news-ffc890a8143d

[seek4dream]

Good partnership has recently been concluded by the OAX. I'm happy with how the team works and I think the market will soon react to this. I'm looking forward to adding to Bitrex soon.

Guys, check out this latest blog post! Starting to see things moving!

https://medium.com/@OAX_Foundation/oax-gets-listing-fever-and-other-news-ffc890a8143d

Although I didn't know much about the exchange, it seems huge:
Qryptos is the first regulated exchange company in Japan, Quoine is a large player in the market.

[sanas]

Good partnership has recently been concluded by the OAX. I'm happy with how the team works and I think the market will soon react to this. I'm looking forward to adding to Bitrex soon.

Guys, check out this latest blog post! Starting to see things moving!

https://medium.com/@OAX_Foundation/oax-gets-listing-fever-and-other-news-ffc890a8143d

Although I didn't know much about the exchange, it seems huge:
Qryptos is the first regulated exchange company in Japan, Quoine is a large player in the market.

Look, soon a very powerful project starts, which combines a dozen exchanges into one network to ensure sufficient liquidity. OAX and Bitfinex are also included in this network.

[bitvoyager]

Good partnership has recently been concluded by the OAX. I'm happy with how the team works and I think the market will soon react to this. I'm looking forward to adding to Bitrex soon.

Guys, check out this latest blog post! Starting to see things moving!

https://medium.com/@OAX_Foundation/oax-gets-listing-fever-and-other-news-ffc890a8143d

Although I didn't know much about the exchange, it seems huge:
Qryptos is the first regulated exchange company in Japan, Quoine is a large player in the market.

Look, soon a very powerful project starts, which combines a dozen exchanges into one network to ensure sufficient liquidity. OAX and Bitfinex are also included in this network.

Hello guys, yes Quoine is really a large thing, they're
the first global cryptocurrency firm in the world to be officially licensed by the Japan Financial Services Agency, https://quoine.com/
Nobody knows which network wil be included in which, sanas. OAX in Quoine or Quoine in OAX.
Anyway very good news today!

[bitvoyager]

OAX trading is now live on Qryptos exchange

https://www.qryptos.com/

One more great news form the team, one more  partnership, glad to see that team is working hard, and I'm like many others very excited to see at least the screen-shots of the prototype. And great team is participating in different events, hope this will bring more partners and friends to the project.

Thank you steinkopf, the team is really working hard. Yes, as you know, OAX is actively participating in events.
Two closest - devs will visit Devcon3 in Mexico and Liam Bussel goes to the blockchain conference in Moscow.
About prototype, I'm waiting for the first screenshots with the same impatience as you.
We talked to @onetom couple days ago and he told some details about the devs team.
I believe in these guys and wonderful Cerulean!
https://bitcointalk.org/index.php?topic=1943946.msg22999137#msg22999137

[pao_de_lo]

Is it an official channel?

https://twitter.com/oax_brasil

[udonmez]

someone say me how can I see oax on myetherwallet?

[bitvoyager]

someone say me how can I see oax on myetherwallet?

Hello udonmez,
Send Ether & Tokens - Sign in to your address - Right side, "Load tokens", the list will open.
OAX is there in MEW by default. No need to Add Custom token or something like this.  

[bitvoyager]

Is it an official channel?
https://twitter.com/oax_brasil

Hello pao_de_lo, it's mentioned on main EN OAX Twitter.  



I think that only information presented on main official OAX EN channels can be concidered official.

[sasciait]

I dont understand why such a great project everyday is losing the value on token price

[ashmodeus]

I dont understand why such a great project everyday is losing the value on token price

like u say
too many great project
so , the logic from investor say "i will move to another promising project, or i waiting too long."

[standards]

I dont understand why such a great project everyday is losing the value on token price

Marketing are fluctuating all the time, sometimes we just have to wait.