[ANN] - OAX Foundation

[moriskarlov]

Hello hengar,
Good thoughts. It's hard to not agree to some of your points.
But I'd say that quite a lot of is being done in the question of the building the community.
And the most interesting and important is still ahead.

What have been done just during some last weeks:

1. There was an AMA a month ago on Slack, quite long and detailed, devs answered a lot of questions.
You may check transcript, English and RU-language versions:
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
https://medium.com/@OAX_Foundation/oax-dev-ama-1-full-transcript-in-russian-faf55d9b29df

2. Hugh Madden and leading Devs visited Devcon3 in Mexico (it's not a "low-key conferences", it seems).
Some words from @onetom, OAX core developer about results:
https://bitcointalk.org/index.php?topic=1943946.msg24172425#msg24172425

3. Liam was in Moscow this week, by the way it's one of the serious blockchain conferenses in Russia,
organized by well-known and respectable company. And OAX was one of the sponsors of the event.
You can check slides from the Liam's presentation, in English and Russian:
https://docs.google.com/presentation/d/1___aDei2EcQt2zh0d1cjlkojnKxX3PTV2HEI7TMaQC0/edit?usp=sharing
https://docs.google.com/presentation/d/1L2-J2i6563LeNIjTdaKxxQtLMUJ5_1-N1nU7RI34BG0/edit?usp=sharing

4. We reorganized, optimized and improved the Bounty program this month.
And will develop it in all directions to the highest levels.
To get maximum engagement and involvement of people to the community.  
We launched pages and profiles at all possible networks and working on developing these social properties.
OAX Bounty rules, En original and RU-translation:
https://bitcointalk.org/index.php?topic=1947373.0
https://bitcointalk.org/index.php?topic=1949131.msg24466654#msg24466654

"There is no OAX community right now" - It exist and it grows. It's unique.
And one day the OAX community will be one of the largest and influential in the sphere.
https://bitcointalk.org/index.php?topic=1947373.msg24387463#msg24387463

"If the proof-of-concept was launched tomorrow" - It will not be launched tomorrow.
    
"Sorry but when you have a budget of tens of millions of dollars" - no need to overspend money.
Especially on this stage. OAX Foundation is trying to count every OAX and every ETH collected.
You and any investor and supporter of the project can be sure that the funds will be spent wisely.  

"Unless they have a huge list of partners that have signed contracts already"
It's hard to say about the number to the moment, but the quality of the partners and advisors is on the highest level, PWC, EY etc.
https://medium.com/@OAX_Foundation/oax-foundation-launches-digital-asset-industry-working-group-in-hong-kong-f63f3ca5e8a7

"holding webinars, Q&As, posting guides, running questionnaires, surveys" - you're right.
This and a lot of other things are ahead in the volume which will correspond the current situation and objective demands.

OAX Devs and marketing team are working hard.
A lot of useful is being done right now and a lot of usual and original activities as i already said are ahead.

Thanks for the constructive criticism and I hope that answered some your questions.

p.s. Welcome to the Bounty program

This is really turning into one big joke of smoke and mirrors marketing BS. I'm really wondering whether this is a legit ICO:

- Rehashing your same small talk at conferences - maybe the ICO was to fund your holidays in exotic locales. Hugh seems to be doing nothing more than pimping himself globally whenever he gets a chance but never seems to add anything new let alone talk about OAX developments (harsh comment I know but your conference appearances aren't adding value to OAX);
- enlisting the likes of EY and PWC and the law firm you keep trotting out - those that don't have their own product or execution capabilities partner with these guys, at best they're marketing firms - they'll be whatever you want them to be (Strategy& anyone!!), whatever the latest trend is they'll be there pretending to be "experts";
- Who is this Blockbonds mob - just another of the thousands of crypto startups with a pipe dream but have yet to deliver anything??
- This thread is your only community - made up a few people playing nice in a hope to get some of their money back from ICO. Your Reddit is a ghost town, any other mentions of OAX gets no response. You are, for all intents and purposes, forgotten outside of this thread unless you have info that can shed a different light???
- 5 months after the ICO and all you have got is your Slack AMA and more marketing drivel on steemit about what you have done but can't show for. Oh yeah we got a UI screenshot last week, some random pictures of your spartan team and some 280p videos. Lol - reminds of the guy who posts a wedding speech picture on his linkedin profile to give the impression he's an intl speaker.
- 1 year from ICO and white paper to build a prototype?? Really, what half serious tech company takes that long to build a prototype. Speed is the USP of any tech company yet somehow you guys think 1 year cuts the mustard. Speed is the basis of digital disruption, your competitors seem to get it but you guys don't.  Even if you do get a prototype out, you have no one left interested in you to test it.
- "No need to overspend" - WTF!!! R&D spend is the biggest spend for any half decent tech company. Pay peanuts, get monkeys, don't spend on your team and leaders to build the product and you will deliver some half baked solution, if at all.

I would love to hear your anecdotes of all the great tech disruptors who took their jolly time on product development and partnered with the likes of PwC and EY to change the world.

Really I have been watching this thread and just had to respond to the sheer ridiculousness of your responses, this one takes the cake. I really don't know what you guys are playing at. I look at ANX and think well ok these guys seem to have built a decent business. But I look at OAX and can't help but think of the sheer lack of business sense. You seem to have a great idea with OAX but so far have failed miserably at delivering on it. The idea deosn't make the business. You guys really need to rethink your leadership team, your business case and your ability to deliver because as it stands right now it's looking pretty damn miserable. And no, standing behind your hopelessly inadequate white paper and product road map doesn't cut it, you need to start delivering a product and delivering on the business model.

This guy above confused me with his forum rank, but he is at least partly right. 5 months after ico, and all we have this UI draws, mockups, pictures of a team which are not credible. (bad quality, and seems like developers are not happy to be photographed). Furthermore, it appears that team come together in white shirts, only to have some tea with donuts and make a photo. I saw the same working approach on Humaniq, Patientory, Propy, and now OAX.

You at least post something to community, keeping us informed, but they do nothing at all.

[1714783384]

1714783384

[1714783384]

1714783384

[1714783384]

1714783384

[MihailJ]

OAX Foundation launches digital asset industry Working Group in Hong Kong

https://medium.com/@OAX_Foundation/oax-foundation-launches-digital-asset-industry-working-group-in-hong-kong-f63f3ca5e8a7
http://www.prnewswire.co.uk/news-releases/oax-foundation-launches-digital-asset-industry-working-group-in-hong-kong-657655343.html
HONG KONG, Nov. 15, 2017 /PRNewswire/ — The OAX Foundation, the not-for-profit entity that supports the development of the OAX decentralized exchange platform, held its first working group for industry participants this week. The aim of the working group is to develop a series of industry “best practices” in the areas of compliance, KYC, holding and security of funds and other key areas that will be integrated into the ongoing development of the OAX platform.

[rz20]

Sorry, I was not active in this thread for quite a while now. Can someone tell me when did we get listed on BINANCE?

Binance listing did not really made the price go up did it? I'm wondering why..

Hello Dvd1989, rz20

12pm, Aug 21, 2017 (Monday) Beijing Time:
https://support.binance.com/hc/en-us/articles/115001175111-Binance-Will-Add-OAX-DNT-MCO-ICN-

It's a pity listing on Binance made the OAX price go down.

@bitvoyager thanks for that information. Hopefully, with some good news we will again be able to see upward movement in the price.

[zigerat]

Hello hengar,
Good thoughts. It's hard to not agree to some of your points.
But I'd say that quite a lot of is being done in the question of the building the community.
And the most interesting and important is still ahead.

What have been done just during some last weeks:

1. There was an AMA a month ago on Slack, quite long and detailed, devs answered a lot of questions.
You may check transcript, English and RU-language versions:
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
https://medium.com/@OAX_Foundation/oax-dev-ama-1-full-transcript-in-russian-faf55d9b29df

2. Hugh Madden and leading Devs visited Devcon3 in Mexico (it's not a "low-key conferences", it seems).
Some words from @onetom, OAX core developer about results:
https://bitcointalk.org/index.php?topic=1943946.msg24172425#msg24172425

3. Liam was in Moscow this week, by the way it's one of the serious blockchain conferenses in Russia,
organized by well-known and respectable company. And OAX was one of the sponsors of the event.
You can check slides from the Liam's presentation, in English and Russian:
https://docs.google.com/presentation/d/1___aDei2EcQt2zh0d1cjlkojnKxX3PTV2HEI7TMaQC0/edit?usp=sharing
https://docs.google.com/presentation/d/1L2-J2i6563LeNIjTdaKxxQtLMUJ5_1-N1nU7RI34BG0/edit?usp=sharing

4. We reorganized, optimized and improved the Bounty program this month.
And will develop it in all directions to the highest levels.
To get maximum engagement and involvement of people to the community.  
We launched pages and profiles at all possible networks and working on developing these social properties.
OAX Bounty rules, En original and RU-translation:
https://bitcointalk.org/index.php?topic=1947373.0
https://bitcointalk.org/index.php?topic=1949131.msg24466654#msg24466654

"There is no OAX community right now" - It exist and it grows. It's unique.
And one day the OAX community will be one of the largest and influential in the sphere.
https://bitcointalk.org/index.php?topic=1947373.msg24387463#msg24387463

"If the proof-of-concept was launched tomorrow" - It will not be launched tomorrow.
    
"Sorry but when you have a budget of tens of millions of dollars" - no need to overspend money.
Especially on this stage. OAX Foundation is trying to count every OAX and every ETH collected.
You and any investor and supporter of the project can be sure that the funds will be spent wisely.  

"Unless they have a huge list of partners that have signed contracts already"
It's hard to say about the number to the moment, but the quality of the partners and advisors is on the highest level, PWC, EY etc.
https://medium.com/@OAX_Foundation/oax-foundation-launches-digital-asset-industry-working-group-in-hong-kong-f63f3ca5e8a7

"holding webinars, Q&As, posting guides, running questionnaires, surveys" - you're right.
This and a lot of other things are ahead in the volume which will correspond the current situation and objective demands.

OAX Devs and marketing team are working hard.
A lot of useful is being done right now and a lot of usual and original activities as i already said are ahead.

Thanks for the constructive criticism and I hope that answered some your questions.

p.s. Welcome to the Bounty program

This is really turning into one big joke of smoke and mirrors marketing BS. I'm really wondering whether this is a legit ICO:

- Rehashing your same small talk at conferences - maybe the ICO was to fund your holidays in exotic locales. Hugh seems to be doing nothing more than pimping himself globally whenever he gets a chance but never seems to add anything new let alone talk about OAX developments (harsh comment I know but your conference appearances aren't adding value to OAX);
- enlisting the likes of EY and PWC and the law firm you keep trotting out - those that don't have their own product or execution capabilities partner with these guys, at best they're marketing firms - they'll be whatever you want them to be (Strategy& anyone!!), whatever the latest trend is they'll be there pretending to be "experts";
- Who is this Blockbonds mob - just another of the thousands of crypto startups with a pipe dream but have yet to deliver anything??
- This thread is your only community - made up a few people playing nice in a hope to get some of their money back from ICO. Your Reddit is a ghost town, any other mentions of OAX gets no response. You are, for all intents and purposes, forgotten outside of this thread unless you have info that can shed a different light???
- 5 months after the ICO and all you have got is your Slack AMA and more marketing drivel on steemit about what you have done but can't show for. Oh yeah we got a UI screenshot last week, some random pictures of your spartan team and some 280p videos. Lol - reminds of the guy who posts a wedding speech picture on his linkedin profile to give the impression he's an intl speaker.
- 1 year from ICO and white paper to build a prototype?? Really, what half serious tech company takes that long to build a prototype. Speed is the USP of any tech company yet somehow you guys think 1 year cuts the mustard. Speed is the basis of digital disruption, your competitors seem to get it but you guys don't.  Even if you do get a prototype out, you have no one left interested in you to test it.
- "No need to overspend" - WTF!!! R&D spend is the biggest spend for any half decent tech company. Pay peanuts, get monkeys, don't spend on your team and leaders to build the product and you will deliver some half baked solution, if at all.

I would love to hear your anecdotes of all the great tech disruptors who took their jolly time on product development and partnered with the likes of PwC and EY to change the world.

Really I have been watching this thread and just had to respond to the sheer ridiculousness of your responses, this one takes the cake. I really don't know what you guys are playing at. I look at ANX and think well ok these guys seem to have built a decent business. But I look at OAX and can't help but think of the sheer lack of business sense. You seem to have a great idea with OAX but so far have failed miserably at delivering on it. The idea deosn't make the business. You guys really need to rethink your leadership team, your business case and your ability to deliver because as it stands right now it's looking pretty damn miserable. And no, standing behind your hopelessly inadequate white paper and product road map doesn't cut it, you need to start delivering a product and delivering on the business model.

This guy above confused me with his forum rank, but he is at least partly right. 5 months after ico, and all we have this UI draws, mockups, pictures of a team which are not credible. (bad quality, and seems like developers are not happy to be photographed). Furthermore, it appears that team come together in white shirts, only to have some tea with donuts and make a photo. I saw the same working approach on Humaniq, Patientory, Propy, and now OAX.

You at least post something to community, keeping us informed, but they do nothing at all.

Don't let my forum rank confuse you. I don't spend much time on this forum so haven't built credibility here but have spent the last 14 years working in capital markets and hedge funds, including working with a team on the launch of two FX trading businesses, both of which were globally scaled with one being bought out to the tune of U$225m. I'd like to think I know a thing or two about growing businesses.

Similarly, don't let OAX's postings fool you. To be clear I am not saying these guys are scamming (I actually think these guys are trying) but what they have done so far doesn't add any value in the context of the greater picture and what they have delivered is nothing short of a joke. Their messages haven't really given any great insight. Marketing and PR is just too easy nowadays, it's too easy to build smoke and mirrors - heck I know nobodies  who have built a career off social media and networking site postings but who have nothing to show for it except for their own proselytising of who they want to be.

Pathetic trading experts this team has.
The only good that i see in this Project is continuous development and good communication with users here, which is good sign for long term , but frankly you got pathetic trading experts whom failure reflects the price.

This is the thing that gets me. Hugh seems to be well versed in this type of business and it looks like the initial thinking behind this is his ideas. And they are great ideas. I'm not sure what involvement the other ANX team members have (Ken, Dave, Jehan, ) but it appears they are just figureheads trotted out on the webpage - I haven't heard any comments from them about OAX. The other David just seems like a complete mystery - very opaque for such a fancy background. They have some good advisors on board but a very young, very untested and dare I say probably very cheap tech team. Since the white paper, I am seeing lack of business judgement and business sense in rolling out and managing the OAX business. If this was a regular IPO, the investors wouldn't be happy. like I said, actually think these guys are trying but their lack of competence as seasoned business guys is jeopardising this project. Honestly, I would be happy if they got rid of the existing leadership team and brought on some industry and business heavy hitters to salvage this dog with fleas.

[bitvoyager]

The Adventure of the Dancing Men

Fresh screenshot from the Tamas Haman, OAX core developer

Here is a little insight of how the software is being built
test code on the left,
results of running the test in the middle and
the logic im implementing is on the right

Orginal size (+) - https://i.imgur.com/vEgQvqF.png | https://i.imgur.com/IRgzlRd.png | https://i.imgur.com/VEyFuoi.png

You can monitor the OAX development process here:

1. Gitlab - https://gitlab.com/oax (choose "Watch" in notifications settings and you'll be notified about activity)

2. Mockups - https://modao.cc/flows/InUGhKMaeHp7XgJDYv1yweIAKLJ8u0N

3. Developers journal - https://www.notion.so/Journals-a1c1a14d8aa84fceb648a33ad8211791

https://en.wikipedia.org/wiki/The_Adventure_of_the_Dancing_Men


OAX ON EXCHANGES - NEW BOUNTY PROGRAM - WEBSITE - PROJECT DECK - WHITE PAPER - TECH WHITE PAPER - TEAM  
SLACK - TELEGRAM - FACEBOOK - TWITTER - REDDIT - LINKEDIN - GOOGLE+ - MEDIUM - YOUTUBE - STEEMIT - GOLOS

[limitseeker]

So yesterday i sold all my 13.000 coins for 0.35 cents which i bought in at $ 1,40 ,no need for me to look back at this rid. project anymore , my fault but ok, glad i bought SNC and MOD of the remainings.

So now that i sold my coins the price of oax can slightly go up with 2 btc volume only lol.

Goodluck guys.

[bitvoyager]

So yesterday i sold all my 13.000 coins for 0.35 cents which i bought in at $ 1,40 ,no need for me to look back at this rid. project anymore , my fault but ok, glad i bought SNC and MOD of the remainings.

So now that i sold my coins the price of oax can slightly go up with 2 btc volume only lol.

Goodluck guys.

Good luck to you too, limitseeker. Wish you no limits in your future earnings on this market.)
Welcome back as a customer when the prototype and platform in general will be ready.   
OAX trade volume grew from $250K to $400K during some last days.

[Mynameischair]

Hey guys sell your token and go invest in cryptobridge. Same principle proposed here but they actually have a working exchange and they did all this without an ICO. by the way starting from December they will start offering 50% profit sharing to all coin holder. You welcome.

[shadowlpb]

Hello hengar,
Good thoughts. It's hard to not agree to some of your points.
But I'd say that quite a lot of is being done in the question of the building the community.
And the most interesting and important is still ahead.

What have been done just during some last weeks:

1. There was an AMA a month ago on Slack, quite long and detailed, devs answered a lot of questions.
You may check transcript, English and RU-language versions:
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
https://medium.com/@OAX_Foundation/oax-dev-ama-1-full-transcript-in-russian-faf55d9b29df

2. Hugh Madden and leading Devs visited Devcon3 in Mexico (it's not a "low-key conferences", it seems).
Some words from @onetom, OAX core developer about results:
https://bitcointalk.org/index.php?topic=1943946.msg24172425#msg24172425

3. Liam was in Moscow this week, by the way it's one of the serious blockchain conferenses in Russia,
organized by well-known and respectable company. And OAX was one of the sponsors of the event.
You can check slides from the Liam's presentation, in English and Russian:
https://docs.google.com/presentation/d/1___aDei2EcQt2zh0d1cjlkojnKxX3PTV2HEI7TMaQC0/edit?usp=sharing
https://docs.google.com/presentation/d/1L2-J2i6563LeNIjTdaKxxQtLMUJ5_1-N1nU7RI34BG0/edit?usp=sharing

4. We reorganized, optimized and improved the Bounty program this month.
And will develop it in all directions to the highest levels.
To get maximum engagement and involvement of people to the community.  
We launched pages and profiles at all possible networks and working on developing these social properties.
OAX Bounty rules, En original and RU-translation:
https://bitcointalk.org/index.php?topic=1947373.0
https://bitcointalk.org/index.php?topic=1949131.msg24466654#msg24466654

"There is no OAX community right now" - It exist and it grows. It's unique.
And one day the OAX community will be one of the largest and influential in the sphere.
https://bitcointalk.org/index.php?topic=1947373.msg24387463#msg24387463

"If the proof-of-concept was launched tomorrow" - It will not be launched tomorrow.
    
"Sorry but when you have a budget of tens of millions of dollars" - no need to overspend money.
Especially on this stage. OAX Foundation is trying to count every OAX and every ETH collected.
You and any investor and supporter of the project can be sure that the funds will be spent wisely.  

"Unless they have a huge list of partners that have signed contracts already"
It's hard to say about the number to the moment, but the quality of the partners and advisors is on the highest level, PWC, EY etc.
https://medium.com/@OAX_Foundation/oax-foundation-launches-digital-asset-industry-working-group-in-hong-kong-f63f3ca5e8a7

"holding webinars, Q&As, posting guides, running questionnaires, surveys" - you're right.
This and a lot of other things are ahead in the volume which will correspond the current situation and objective demands.

OAX Devs and marketing team are working hard.
A lot of useful is being done right now and a lot of usual and original activities as i already said are ahead.

Thanks for the constructive criticism and I hope that answered some your questions.

p.s. Welcome to the Bounty program

This is really turning into one big joke of smoke and mirrors marketing BS. I'm really wondering whether this is a legit ICO:

- Rehashing your same small talk at conferences - maybe the ICO was to fund your holidays in exotic locales. Hugh seems to be doing nothing more than pimping himself globally whenever he gets a chance but never seems to add anything new let alone talk about OAX developments (harsh comment I know but your conference appearances aren't adding value to OAX);
- enlisting the likes of EY and PWC and the law firm you keep trotting out - those that don't have their own product or execution capabilities partner with these guys, at best they're marketing firms - they'll be whatever you want them to be (Strategy& anyone!!), whatever the latest trend is they'll be there pretending to be "experts";
- Who is this Blockbonds mob - just another of the thousands of crypto startups with a pipe dream but have yet to deliver anything??
- This thread is your only community - made up a few people playing nice in a hope to get some of their money back from ICO. Your Reddit is a ghost town, any other mentions of OAX gets no response. You are, for all intents and purposes, forgotten outside of this thread unless you have info that can shed a different light???
- 5 months after the ICO and all you have got is your Slack AMA and more marketing drivel on steemit about what you have done but can't show for. Oh yeah we got a UI screenshot last week, some random pictures of your spartan team and some 280p videos. Lol - reminds of the guy who posts a wedding speech picture on his linkedin profile to give the impression he's an intl speaker.
- 1 year from ICO and white paper to build a prototype?? Really, what half serious tech company takes that long to build a prototype. Speed is the USP of any tech company yet somehow you guys think 1 year cuts the mustard. Speed is the basis of digital disruption, your competitors seem to get it but you guys don't.  Even if you do get a prototype out, you have no one left interested in you to test it.
- "No need to overspend" - WTF!!! R&D spend is the biggest spend for any half decent tech company. Pay peanuts, get monkeys, don't spend on your team and leaders to build the product and you will deliver some half baked solution, if at all.

I would love to hear your anecdotes of all the great tech disruptors who took their jolly time on product development and partnered with the likes of PwC and EY to change the world.

Really I have been watching this thread and just had to respond to the sheer ridiculousness of your responses, this one takes the cake. I really don't know what you guys are playing at. I look at ANX and think well ok these guys seem to have built a decent business. But I look at OAX and can't help but think of the sheer lack of business sense. You seem to have a great idea with OAX but so far have failed miserably at delivering on it. The idea deosn't make the business. You guys really need to rethink your leadership team, your business case and your ability to deliver because as it stands right now it's looking pretty damn miserable. And no, standing behind your hopelessly inadequate white paper and product road map doesn't cut it, you need to start delivering a product and delivering on the business model.

Hmm...
This seems to be a slam, but then it's not even referencing fact in some areas, but I will do my best to address it.

What is the #1 reason that crypto is not mainstream right now? Because of banking. Even large exchanges like Kraken and Bitfinex and Gatecoin are having real problems maintaining banking relationships. Why is that? Because when they initially launched they did not consulting industry experts (Like PwC, EY and lawyers) and hence they are now having real issues maintaining effective relationships. If you want to build a solid foundation of these relationships, you need to start from Day#1.


If you want proof of this, consider that the only thing growing faster than the cryptomarket right now is the Tether market. (It is up 100x in the last 12-18 months) Again, why? Because it is the only channel for moving USD/fiat between crypto only exchanges. Even with a $31 million dollar hack it is still booming. Lots of exchanges cannot get banking so using Tether allows them to at least peg to the USD.

"Why do you post useless stuff about PwC, EY and KWM (our lawyers)?"

In response I ask "Why are some tokens sales/ICO's now having huge problems in terms of are they a security or not? Because they did not consult with a legal team or understand regulation."

Also, if you want us to use best practice in terms of managing the money we raised, ensuring a governance structure that is fair, impartial and recognises token holders, best to bring in some experts.

Who is blockbonds?
Did you read the website? https://blockbonds.io/
They have legitimate banking relationships in a number of countries, including the Philipines and Africa. If you are considering using crypto as a valid means of providing value to millions of people who do not yet access these markets, working with a firm with relationships and expertise in these markets seems wise.

I notice that you did not reference NetKi or Trusted Key, our other Working Group members. The reason for that is they are both legitimate, well respected industry leaders?

If you intend to build a decentralised platform that is different than the dozen other DEX platforms (EtherDelta, Bitshares, Bitsquare, 0x, District 0x, Waves, LocalBitcoins)you need to offer something new. In our case, this is to handle fiat, and provide consumer protection. To handle fiat you require KYC/AML, as KYC/AML are the basic level of compliance required from banks before they will do business with any organisation. Who are experts on KYC/AML, companies like KWM, EY, PwC, Trusted Key,Netki and Blockbonds.

You referenced Steemit, we don't use Steemit. We do use Gitlab. You can Google our code base over there.

On the prototype. I think that we communicated clearly from Day#1 the timeline for delivery. Apple puts out a phone every year, so a year seems a reasonable timeframe and again, was communicated clearly during the sale. We may be early, we may hit an overrun. At this stage we are on time.

Hope this helps

Edit: Grammar and tone.

[shadowlpb]

Hello hengar,
Good thoughts. It's hard to not agree to some of your points.
But I'd say that quite a lot of is being done in the question of the building the community.
And the most interesting and important is still ahead.

What have been done just during some last weeks:

1. There was an AMA a month ago on Slack, quite long and detailed, devs answered a lot of questions.
You may check transcript, English and RU-language versions:
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8b
https://medium.com/@OAX_Foundation/oax-dev-ama-1-full-transcript-in-russian-faf55d9b29df

2. Hugh Madden and leading Devs visited Devcon3 in Mexico (it's not a "low-key conferences", it seems).
Some words from @onetom, OAX core developer about results:
https://bitcointalk.org/index.php?topic=1943946.msg24172425#msg24172425

3. Liam was in Moscow this week, by the way it's one of the serious blockchain conferenses in Russia,
organized by well-known and respectable company. And OAX was one of the sponsors of the event.
You can check slides from the Liam's presentation, in English and Russian:
https://docs.google.com/presentation/d/1___aDei2EcQt2zh0d1cjlkojnKxX3PTV2HEI7TMaQC0/edit?usp=sharing
https://docs.google.com/presentation/d/1L2-J2i6563LeNIjTdaKxxQtLMUJ5_1-N1nU7RI34BG0/edit?usp=sharing

4. We reorganized, optimized and improved the Bounty program this month.
And will develop it in all directions to the highest levels.
To get maximum engagement and involvement of people to the community.  
We launched pages and profiles at all possible networks and working on developing these social properties.
OAX Bounty rules, En original and RU-translation:
https://bitcointalk.org/index.php?topic=1947373.0
https://bitcointalk.org/index.php?topic=1949131.msg24466654#msg24466654

"There is no OAX community right now" - It exist and it grows. It's unique.
And one day the OAX community will be one of the largest and influential in the sphere.
https://bitcointalk.org/index.php?topic=1947373.msg24387463#msg24387463

"If the proof-of-concept was launched tomorrow" - It will not be launched tomorrow.
    
"Sorry but when you have a budget of tens of millions of dollars" - no need to overspend money.
Especially on this stage. OAX Foundation is trying to count every OAX and every ETH collected.
You and any investor and supporter of the project can be sure that the funds will be spent wisely.  

"Unless they have a huge list of partners that have signed contracts already"
It's hard to say about the number to the moment, but the quality of the partners and advisors is on the highest level, PWC, EY etc.
https://medium.com/@OAX_Foundation/oax-foundation-launches-digital-asset-industry-working-group-in-hong-kong-f63f3ca5e8a7

"holding webinars, Q&As, posting guides, running questionnaires, surveys" - you're right.
This and a lot of other things are ahead in the volume which will correspond the current situation and objective demands.

OAX Devs and marketing team are working hard.
A lot of useful is being done right now and a lot of usual and original activities as i already said are ahead.

Thanks for the constructive criticism and I hope that answered some your questions.

p.s. Welcome to the Bounty program

This is really turning into one big joke of smoke and mirrors marketing BS. I'm really wondering whether this is a legit ICO:

- Rehashing your same small talk at conferences - maybe the ICO was to fund your holidays in exotic locales. Hugh seems to be doing nothing more than pimping himself globally whenever he gets a chance but never seems to add anything new let alone talk about OAX developments (harsh comment I know but your conference appearances aren't adding value to OAX);
- enlisting the likes of EY and PWC and the law firm you keep trotting out - those that don't have their own product or execution capabilities partner with these guys, at best they're marketing firms - they'll be whatever you want them to be (Strategy& anyone!!), whatever the latest trend is they'll be there pretending to be "experts";
- Who is this Blockbonds mob - just another of the thousands of crypto startups with a pipe dream but have yet to deliver anything??
- This thread is your only community - made up a few people playing nice in a hope to get some of their money back from ICO. Your Reddit is a ghost town, any other mentions of OAX gets no response. You are, for all intents and purposes, forgotten outside of this thread unless you have info that can shed a different light???
- 5 months after the ICO and all you have got is your Slack AMA and more marketing drivel on steemit about what you have done but can't show for. Oh yeah we got a UI screenshot last week, some random pictures of your spartan team and some 280p videos. Lol - reminds of the guy who posts a wedding speech picture on his linkedin profile to give the impression he's an intl speaker.
- 1 year from ICO and white paper to build a prototype?? Really, what half serious tech company takes that long to build a prototype. Speed is the USP of any tech company yet somehow you guys think 1 year cuts the mustard. Speed is the basis of digital disruption, your competitors seem to get it but you guys don't.  Even if you do get a prototype out, you have no one left interested in you to test it.
- "No need to overspend" - WTF!!! R&D spend is the biggest spend for any half decent tech company. Pay peanuts, get monkeys, don't spend on your team and leaders to build the product and you will deliver some half baked solution, if at all.

I would love to hear your anecdotes of all the great tech disruptors who took their jolly time on product development and partnered with the likes of PwC and EY to change the world.

Really I have been watching this thread and just had to respond to the sheer ridiculousness of your responses, this one takes the cake. I really don't know what you guys are playing at. I look at ANX and think well ok these guys seem to have built a decent business. But I look at OAX and can't help but think of the sheer lack of business sense. You seem to have a great idea with OAX but so far have failed miserably at delivering on it. The idea deosn't make the business. You guys really need to rethink your leadership team, your business case and your ability to deliver because as it stands right now it's looking pretty damn miserable. And no, standing behind your hopelessly inadequate white paper and product road map doesn't cut it, you need to start delivering a product and delivering on the business model.

This guy above confused me with his forum rank, but he is at least partly right. 5 months after ico, and all we have this UI draws, mockups, pictures of a team which are not credible. (bad quality, and seems like developers are not happy to be photographed). Furthermore, it appears that team come together in white shirts, only to have some tea with donuts and make a photo. I saw the same working approach on Humaniq, Patientory, Propy, and now OAX.

You at least post something to community, keeping us informed, but they do nothing at all.

Don't let my forum rank confuse you. I don't spend much time on this forum so haven't built credibility here but have spent the last 14 years working in capital markets and hedge funds, including working with a team on the launch of two FX trading businesses, both of which were globally scaled with one being bought out to the tune of U$225m. I'd like to think I know a thing or two about growing businesses.

Similarly, don't let OAX's postings fool you. To be clear I am not saying these guys are scamming (I actually think these guys are trying) but what they have done so far doesn't add any value in the context of the greater picture and what they have delivered is nothing short of a joke. Their messages haven't really given any great insight. Marketing and PR is just too easy nowadays, it's too easy to build smoke and mirrors - heck I know nobodies  who have built a career off social media and networking site postings but who have nothing to show for it except for their own proselytising of who they want to be.

Pathetic trading experts this team has.
The only good that i see in this Project is continuous development and good communication with users here, which is good sign for long term , but frankly you got pathetic trading experts whom failure reflects the price.

This is the thing that gets me. Hugh seems to be well versed in this type of business and it looks like the initial thinking behind this is his ideas. And they are great ideas. I'm not sure what involvement the other ANX team members have (Ken, Dave, Jehan, ) but it appears they are just figureheads trotted out on the webpage - I haven't heard any comments from them about OAX. The other David just seems like a complete mystery - very opaque for such a fancy background. They have some good advisors on board but a very young, very untested and dare I say probably very cheap tech team. Since the white paper, I am seeing lack of business judgement and business sense in rolling out and managing the OAX business. If this was a regular IPO, the investors wouldn't be happy. like I said, actually think these guys are trying but their lack of competence as seasoned business guys is jeopardising this project. Honestly, I would be happy if they got rid of the existing leadership team and brought on some industry and business heavy hitters to salvage this dog with fleas.

Hi Zigaret

Thanks for the interest in the project, sorry that you have such a dim view. We have the new website in testing right now, up early next week. You'll see that we do have industry heavy hitters, including Will Barkshire (Chair of the Working Group) and Amanda L, Acting GM. Both are 20+ year veterans of the banking industry.

Also, you are totally mistaken, we are not a marketing driven project, we are delivery focused project. If we were marketing driven, I would hire 10 guys in India to manipulate the price, which is not something we do. We'd have pricing like Tezos (right up until they got sued...twice) we are cautious and conservative and focused on delivering a great project. When the hammer falls on scam ICO's, it is our intention to be nowhere near that list.

Is the token price down? Yes. I am sorry for that, I cannot control market sentiment.

I would ask what specific examples you see of a lack of business judgement? Just curious.

[Hullo]

How good was if all these types of stuff what appears after successful funding in these projects could appear before. This is one of the token I have in my portfolio for long term in very reasonable quantity. Judging any project immediately after ICO isn't good, without letting them deliver the promised product.

[bitvoyager]

Moscow Blockchain Recap by Liam Bussell

Last week I had the pleasure of being invited to present on at the Moscow Blockchain & Bitcoin conference.

My topic was "The Need for a Paradigm Shift in the Exchange Business"

Many of the people I spoke to who were new to OAX were impressed by the scope and ambition of the project,
with the majority of questions around three areas. I have added my answers to each below.

1. What if I like to trade anonymously?

2. How can we understand asset gateways?

3. Do you think the market will be regulated globally soon?

Read the full article with the answers to above questions on the OAX Medium:
https://medium.com/@OAX_Foundation/moscow-blockchain-recap-1f9b14a8becf

Check English and Russian presentations in detail:
https://drive.google.com/viewerng/viewer?url=https://static.notion-static.com/fd96b28bb836480587303e78e2aebbd6/Russia_Deck_V2_optimized.pdf
https://drive.google.com/viewerng/viewer?url=https://static.notion-static.com/fe757644018248ae975928fdb6d6239c/Russia_Deck_V2_RU_language_V2_optimized.pdf


OAX ON EXCHANGES - NEW BOUNTY PROGRAM - WEBSITE - PROJECT DECK - WHITE PAPER - TECH WHITE PAPER - TEAM  
SLACK - TELEGRAM - FACEBOOK - TWITTER - REDDIT - LINKEDIN - GOOGLE+ - MEDIUM - YOUTUBE - STEEMIT - GOLOS

[Dvd1989]

So yesterday i sold all my 13.000 coins for 0.35 cents which i bought in at $ 1,40 ,no need for me to look back at this rid. project anymore , my fault but ok, glad i bought SNC and MOD of the remainings.

So now that i sold my coins the price of oax can slightly go up with 2 btc volume only lol.

Goodluck guys.

Good luck to you too, limitseeker. Wish you no limits in your future earnings on this market.)
Welcome back as a customer when the prototype and platform in general will be ready.   
OAX trade volume grew from $250K to $400K during some last days.

Is everything on track with regard to the roadmap goals?

[ealarry]

It's been down for two months, forming a big bottom, the top being bought I'm crying in the mountains

[shadowlpb]

So yesterday i sold all my 13.000 coins for 0.35 cents which i bought in at $ 1,40 ,no need for me to look back at this rid. project anymore , my fault but ok, glad i bought SNC and MOD of the remainings.

So now that i sold my coins the price of oax can slightly go up with 2 btc volume only lol.

Goodluck guys.

Good luck to you too, limitseeker. Wish you no limits in your future earnings on this market.)
Welcome back as a customer when the prototype and platform in general will be ready.   
OAX trade volume grew from $250K to $400K during some last days.

Is everything on track with regard to the roadmap goals?

Hi Dvd1989, yes it is. Had a constructive meeting this morning with the team, building out the demo environment for the Working Group meeting in 2 weeks for basic functions (mint/burn, send etc) and talked through some initial guidelines on KYC and some other policies. We also talked about the upcoming AMA on Reddit, likely December the 15th at this stage. Will update this when confirmed.

Some other news that is still internal only at this stage.

[verb]

the last 3 months have been pretty hard for most alts. OAX seems like an incredibly useful and ambitious project that i\m pretty confident will deliver. price will follow, just need to have patience as scoop as much as you can at these levels

[zigerat]

How good was if all these types of stuff what appears after successful funding in these projects could appear before. This is one of the token I have in my portfolio for long term in very reasonable quantity. Judging any project immediately after ICO isn't good, without letting them deliver the promised product.

Hi Hullo. It's all about signals. Everyday there are signals that influences the price and the perception of the project. And it's not just signals from OAX but also from competitors, from community  views, from the market etc. All these impact the project, not all will be favorable, kind or even rational. But they are still signals as are OAX's responses in this thread.  I agree the whitepaper says the project will be delivered in Q2 2018 but to think they have no accountability until then is not prudent.

I'll address their comments later.

[wangxiaoyan888666]

The OAX coin project tries to provide a out of chain dispute resolution mechanism that can be carried out according to law so as to provide urgent consumer protection. This feature is distinctive and worth looking forward to.

[shadowlpb]

How good was if all these types of stuff what appears after successful funding in these projects could appear before. This is one of the token I have in my portfolio for long term in very reasonable quantity. Judging any project immediately after ICO isn't good, without letting them deliver the promised product.

Hi Hullo. It's all about signals. Everyday there are signals that influences the price and the perception of the project. And it's not just signals from OAX but also from competitors, from community  views, from the market etc. All these impact the project, not all will be favorable, kind or even rational. But they are still signals as are OAX's responses in this thread.  I agree the whitepaper says the project will be delivered in Q2 2018 but to think they have no accountability until then is not prudent.

I'll address their comments later.

Hi, I agree with your assessment, as does the project team. We have milestones built into the roadmap for this reason. We are currently on track in terms of our milestones.

[Kalo12]

Frustrating to see investments go down. When I bought OAX I also Bought DRP. One has already skyrocketed