[ANN] - OAX Foundation

[rapi]

This project is a perfect ICO. This company is intresting. This setting has a promising idea. Promising work. This is a quality ICO with an innovative project. Let's join a good project, a good project for a better future.

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[bitvoyager]

Development Update #8


At Consensus in New York last month, we demo to attendees the preliminary version of the OAX platform prototype, which brought us a lot of useful insights and feedback.

Earlier this week, our team at the OAX Foundation and development partner Enuma Technologies met again to discuss the project’s progress.
We’re now pleased to say that the prototype is on track for a general release by the end of June, an important milestone as stated in our whitepaper.

While the Enuma team are now busy deploying the prototype for code auditing, they have also released it internally for the OAX team to test out.
And Last but not least, our marketing team are planning various marketing activities to engage the community — videos, articles, media exposure,
local meet up, online AMA sessions and more — creating more channels to exchange ideas and gather feedback. Stay tuned!


The article on Medium:
https://medium.com/@OAX_Foundation/development-update-8-c74e61c4f15

Official site: https://www.oax.org/en/

[JohnDoe3490]

Great read on OAX's inhouse lawyer sharing his thoughts on shares on the latest development in government regulation of digital assets:

https://medium.com/@OAX_Foundation/oax-ahead-of-the-regulation-curve-e5e9fe21d54c

[cerceveligozluk]

Decentralizing capital and money is the new norm now and it's the only way out of the financial boom and bust scenario of centralized institutions. This project worth much more attention from the blockchain community.

[XCNP]

Last week's development update has very interesting information which shows the advancement of development in various sections of platform. This preparation of prototype for code auditing indicates how far this development has reached. I do believe in project and will keep holding my tokens for quality project to deliver that platform which is promised.

[JohnDoe3490]

As a reminder, this is the gitlab link to track OAX movements. Updated pretty frequently: https://gitlab.com/groups/oax/-/activity

[Svitan]

drop sharply against ETH........

[bitvoyager]

Helping the Legal Community “Unblock the Blockchain”

By Paul Li, General Counsel, OAX Foundation

Last week I was invited to give a speech and take part in a panel discussion at the Law Society of Hong Kong’s Annual Conference of In-House Lawyers. Much of the event centred around the legal implications of new technologies, with digital assets forming one of the main topics. My session was called “Unblock the Blockchain: Explore the Legal Minefields of Cryptocurrency.”

The panel discussion was moderated by Kevin Woo, a member of the legal committee of the Hong Kong Blockchain Society. My fellow panelists included Pindar Wong, who set up Hong Kong’s first licensed internet service provider, co-founded the besafe.network and is now a member of CoinDesk’s advisory board, and Rocky Lee, the managing partner of the Silicon Valley office at King & Wood Mallesons, the law firm which sits on OAX’s Working Group. Both of my fellow panelists have international profiles as leaders in their field, so it was fascinating to debate the role of blockchain and digital assets with them.

One of the main points I made in both my speech and the panel discussion was that regulators, lawyers and the public at large need to rethink their entire approach to digital assets. Owing to the decentralized nature of both the products and market for trading, digital assets are fundamentally different from traditional asset classes and systems. I argued that because of this difference, we all need to alter fundamentally how we think about not just each particular asset, but the entire environment and infrastructure surrounding these assets.

Traditional markets focus on centralized sources for trust and validation, and the current regulatory focus mirrors that. To merely approach the new digital asset market in the same way will not be effective and will result in unsatisfactory outcomes for both the participants and regulators. It is only with a shift in mindset that digital assets will become an accepted part of the financial mainstream and bring benefits to society as a whole.

More importantly, the conference’s focus showed how seriously the world is taking the developments in blockchain and digital assets, with hundreds of lawyers keen to learn more about how they are becoming part of everyday legal work and experience. It was a welcome opportunity for us to assist with this education and to promote the shift in mindset that is required. We are confident that events like this will continue to establish our reputation as a firm closely involved in bringing digital assets into the mainstream through our focus on transparency and high governance standards.

The article on the OAX Medium:
https://medium.com/@OAX_Foundation/helping-the-legal-community-unblock-the-blockchain-dc909ef6a377

Official site: https://www.oax.org/en/

[yyz13857180757]

Looking at the recent news of Openanx, it is really necessary to help the legal profession to dredge the block chain. Openanx focuses on transparency and high management standards, bringing digital assets into the mainstream

[kalincoolcute]

It seems team work fine, we have some news, updates, but it is not reflects on token price.

[Guardsman]

Given the trends that are taking place in the modern world, I think that only the decentralization of all financial flows on the planet can change the situation for the better. The current state politicians need to accept this fact and agree that the next stage of development of the whole of humanity is in this direction! Crypto-currencies and decentralized solutions are the future of our civilization!

[bokr57]

it is not difficult to create a decentralized exchange. but to create an exchange that people need is much more difficult. i like that oax is not in a hurry to release a raw product. i have been following the project for almost a year, and i hope that oax will quickly and for a long time become a decentralized exchange No.1.

[bitvoyager]

Newsletter —  June 2018 — An Update from the OAX Technology Team

Welcome to our first technology team monthly newsletter.

As we continue the work on our decentralized exchange (DEX) platform, we’re also expanding our platforms for communication and consultation with our community. Through this newsletter we will provide regular updates on the latest progress on the OAX DEX, as well as important news and developments in the industry and how it affects the OAX community.

OUR ANNIVERSARY AND OUR FIRST POC RELEASE

We are coming up to 12 months of OAX Foundation with the anniversary of our token sale this month and we are excited to announce that we are well on track with our DEX.

A lot has changed over the last 12 months, moving from our early visions of solving some of the biggest challenges facing our industry and experimenting with different technologies to solve them. We are proud to present our initial Proof of Concept, a basic DEX which offers the ability to trade ERC-20 tokens and uses aggregated order books. This will be fully released with all code for our anniversary.

This has been achieved using the 0x ordering and settlement protocol, with Whisper-based payment channels, a unique solution in that it demonstrates not only off-chain order channels with on-chain settlement (0x’s hybrid model and one of the proposed solutions to the ethereum overuse issue), but it also uses decentralized, shared order books. Here’s the video about the vision behind our project: https://www.youtube.com/watch?v=DdPKHA6buO0

WHAT’S NEXT FOR THE OAX DEX

While Phase 1 POC is exciting, to truly achieve the volumes and outcomes we want, 0x’s hybrid model just isn’t enough.

The OAX Foundation is already working hard to deploy our solution using a new technology called SPRITES. SPRITES is special because it allows us to generate fully auditable, immutable transactions which are decoupled from ethereum transaction delays. Click here for more about the amazing potential of this technology and how it could apply to our platform.

This new technology is so promising, the Ethereum Foundation recently provided two grants to our partner Enuma Technologies to further its development!

The full article on Medium:
https://medium.com/@OAX_Foundation/newsletter-june-2018-f2533e51193d

Animated Introduction:
https://www.youtube.com/watch?v=DdPKHA6buO0

Official site: https://www.oax.org/en/
 

[Guardsman]

The project is certainly grandiose in its scope and prospects! I am very glad that the project team is working on improving its product! I think that we will see something mega innovative and cool that will enjoy the huge popularity of users!

[Svitan]

why OAX is so weak even against the BTC and ETH? 

The weak price is to celebrate the 1 year anniversary of the token sale ?

[bitvoyager]

The entire OAX Team is gearing up for our Prototype release before the end of the month. Stay tuned!

Official site:  https://www.oax.org/en/

[Svitan]

guy, do you see that the more the news, the weaker the OAX price?

[bitvoyager]

OAX Foundation Revolutionizes Digital Asset Trading with Launch of Decentralized Platform Prototype


HONG KONG — June 22, 2018 — OAX Foundation Limited today announced it has successfully launched a prototype of the OAX project, a new decentralized platform for the trading of digital assets which utilizes some of the latest blockchain technology.

Both the traditional centralized exchange and existing decentralized exchange models have inherent weaknesses limiting their potential to service the rapidly developing digital asset market. These weaknesses are also a hindrance to widespread acceptance of tokens as an asset class. The OAX platform addresses these shortcomings whilst combining the best elements of both trading systems.

The development of the OAX platform is led by Enuma Technologies, a leading blockchain engineering firm. The current prototype utilizes the 0x Protocol for order settlement with Whisper based communication to maintain a distributed order book. This is a unique solution combining off-chain decentralized order books with on-chain settlement. However, as previously announced, the later stages of the project will focus on the deployment of Sprites. Sprites is a new blockchain technology that will create a decentralized solution combining industry-leading speed, high transaction volume and low cost.

Enuma in May was awarded a grant by the Ethereum Foundation to help further the implementation of Sprites. The OAX project will be one of Sprites’s first real-world applications.

The prototype launch comes on schedule and is now available for testing at a publicly-accessible URL. It will be refined using the Continuous Delivery engineering approach, meaning that updates and improvements will be made to the prototype continuously as the OAX development team collects feedback from the community.

OAX Foundation will announce a series of campaigns in the coming weeks to encourage the public to test and give feedback on the prototype.

Amanda Liu, General Manager of OAX Foundation, said, “The launch today of the OAX platform prototype is a significant milestone in our mission to revolutionize digital asset trading. Since we first launched the project, we have put in place the people, systems and technology that together have brought about the successful delivery of this crucial stage, on time and on budget. We remain focused on delivering greater technology and standards for the digital asset industry.”


The prototype is now accessible at the following URL: https://dex.demo.oax.org/#/


The article on Medium:
https://medium.com/@OAX_Foundation/oax-foundation-revolutionizes-digital-asset-trading-with-launch-of-decentralized-platform-prototype-f64c78207e68

The official site: https://www.oax.org/en/

[JohnDoe3490]

OAX Foundation Revolutionizes Digital Asset Trading with Launch of Decentralized Platform Prototype


HONG KONG — June 22, 2018 — OAX Foundation Limited today announced it has successfully launched a prototype of the OAX project, a new decentralized platform for the trading of digital assets which utilizes some of the latest blockchain technology.

Both the traditional centralized exchange and existing decentralized exchange models have inherent weaknesses limiting their potential to service the rapidly developing digital asset market. These weaknesses are also a hindrance to widespread acceptance of tokens as an asset class. The OAX platform addresses these shortcomings whilst combining the best elements of both trading systems.

The development of the OAX platform is led by Enuma Technologies, a leading blockchain engineering firm. The current prototype utilizes the 0x Protocol for order settlement with Whisper based communication to maintain a distributed order book. This is a unique solution combining off-chain decentralized order books with on-chain settlement. However, as previously announced, the later stages of the project will focus on the deployment of Sprites. Sprites is a new blockchain technology that will create a decentralized solution combining industry-leading speed, high transaction volume and low cost.

Enuma in May was awarded a grant by the Ethereum Foundation to help further the implementation of Sprites. The OAX project will be one of Sprites’s first real-world applications.

The prototype launch comes on schedule and is now available for testing at a publicly-accessible URL. It will be refined using the Continuous Delivery engineering approach, meaning that updates and improvements will be made to the prototype continuously as the OAX development team collects feedback from the community.

OAX Foundation will announce a series of campaigns in the coming weeks to encourage the public to test and give feedback on the prototype.

Amanda Liu, General Manager of OAX Foundation, said, “The launch today of the OAX platform prototype is a significant milestone in our mission to revolutionize digital asset trading. Since we first launched the project, we have put in place the people, systems and technology that together have brought about the successful delivery of this crucial stage, on time and on budget. We remain focused on delivering greater technology and standards for the digital asset industry.”


The prototype is now accessible at the following URL: https://dex.demo.oax.org/#/


The article on Medium:
https://medium.com/@OAX_Foundation/oax-foundation-revolutionizes-digital-asset-trading-with-launch-of-decentralized-platform-prototype-f64c78207e68

The official site: https://www.oax.org/en/

Looks great! I will test the prototype later on. Everything looks now.

[Absholom]

Wow! This is the most integrated platform I saw until this moment. The idea of creating prototype was also great and gives clear instructions on how to use it. Great Job!