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Author Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges  (Read 126921 times)
Svitan
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April 26, 2019, 09:54:21 AM
 #2321

According to coinmarketcap.com, the circulating supply of OAX has increased sharply to 69,359,674, which is more than 100% increase from about 30,000,000 right after the recent airdrop.

What is the reason for such a big increase?  In what way was the 40 million token distributed?  Why no announcement from OAX ?

WITH A SUDDEN LARGE INCREASE IN THE SUPPLY OF OAX,  THE PRICE WILL DROP SHARPLY VERY SOON !!!!!


         Hi Svitan,

         Please accept out apologies for the delay in replying.

         This is an update that we've been requesting be made on the CoinMarketCap website for some time now (note that CMC can take upwards of 6 months to update such data,
         and has its own specific methods of token supply calculation).

         The increase in the market cap is NOT the result of an additional sale.

         If you refer to the white paper, you'll see that we have tranches of coins which are locked for different periods (1 year and 2 years).
         The updated figures reflect the airdrop and the fact that various portions of coins have now been unlocked as per the white paper and CMC's own approach to token supply calculation.

         Here's an overview of how the number of tokens is made up of:

         25M (first sale)
         +
         5M (airdrop)
         +
         14M (advisor coins unlocked after 1st yr, June 2018)
         +
         30M (additional token sale which never happened but are unlocked and in the Foundation Treasury)
         
         gives us 74M total but CMC has their own way of calculating and came up with the 69M you see now.

         The outstanding 26M (according to our calculations, not CMC's) will be unlocked this coming June 22, 2019.


         Thank you for supporting OAX!








Your answer is not clear enough to clarify our doubt
For the 14M advisor coin and the 26M outstanding coin, did they go.into the market? If yes, when, ; f no, what is the schedule.
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Scambusterz
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April 29, 2019, 01:20:46 AM
 #2322

For those who have bought OAX, what is your target price? Smiley

I'm not selling anything under $50!

Curious to know whether you still hold OAX?

What is your feeling now? Feel being cheated by OAX ?
I personally hold this asset because I believe in its prospects. the price of this coin has fallen, not because this token is bad, but because the entire market is in decline.
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April 29, 2019, 04:03:11 AM
 #2323



         


         OAX Foundation is delighted to announce the partnership with Blockpass IDN
         and move forward towards a healthy regulated environment for mainstream digital asset adoption!

         Read our partnership announcement here:

         http://bit.ly/2W7UDkk


         #Open
         
#Transparent

         #Decentralized

         #HoldYourOwnKeys

         #Trustless





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April 29, 2019, 07:03:10 PM
 #2324

Partnership with Blockpass Today
https://coindar.org/en/event/oax-oax-partnership-with-blockpass-20232
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April 30, 2019, 12:29:34 AM
 #2325

This is great news! I congratulate the project team and community on new partnerships! The only pity is that the price did not respond to the news.
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May 02, 2019, 10:00:22 AM
 #2326






         OAX Foundation believes that crypto-custody is one of the crucial parts to move
         digital asset adoption towards the mainstream.

         Read our reflection on recent incidents here:
         http://bit.ly/2vzS5Qh



         #Open
         #Transparent
         #Decentralized






Svitan
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May 02, 2019, 03:04:02 PM
Last edit: May 02, 2019, 03:34:10 PM by Svitan
 #2327

This is great news! I congratulate the project team and community on new partnerships! The only pity is that the price did not respond to the news.

You should know that OAX has given up the development of platform as committed in the white paper.  With such a failure, there is no value for the OAX token anymore except for speculative purpose.

All of you should know that OAX token is not a stock, which can share the profit of the company.  It is true that OAX had done a lot of things (most of them are useless in my opinion), but all of them has no relationship with the use of the token and you should not feel surprised that there is no reaction with the token price. 

If you are clear-minded, you should discover that this company skips all the questions relating to the token in this forum. 

If you are still holding this rubbish token, I strongly suggest you to sell it and put the money to Bitcoin. Don't believe the 'beautiful' picture described by OAX, or you will deeply regret.
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May 03, 2019, 08:00:08 AM
 #2328

Approaching historical low against BTC.

OAX management should feel ashamed of themselves.
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May 03, 2019, 08:03:24 AM
 #2329

Approaching historical low against BTC.

OAX management should feel ashamed of themselves.

         Hi Svitan,

         We understand market conditions might be frustrating sometimes, but it is beyond our (or, indeed, anybody's) control.

         If you have any constructive, rational feedback on how we could better, you're more than welcome to join our Discord for technical discussions.

         Discord: discord.gg/ZH5YHkb

         Thank you for your support of OAX Foundation!










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May 03, 2019, 03:01:13 PM
Last edit: May 03, 2019, 03:30:31 PM by Svitan
 #2330

According to coinmarketcap.com, the circulating supply of OAX has increased sharply to 69,359,674, which is more than 100% increase from about 30,000,000 right after the recent airdrop.

What is the reason for such a big increase?  In what way was the 40 million token distributed?  Why no announcement from OAX ?

WITH A SUDDEN LARGE INCREASE IN THE SUPPLY OF OAX,  THE PRICE WILL DROP SHARPLY VERY SOON !!!!!


         Hi Svitan,

         Please accept out apologies for the delay in replying.

         This is an update that we've been requesting be made on the CoinMarketCap website for some time now (note that CMC can take upwards of 6 months to update such data,
         and has its own specific methods of token supply calculation).

         The increase in the market cap is NOT the result of an additional sale.

         If you refer to the white paper, you'll see that we have tranches of coins which are locked for different periods (1 year and 2 years).
         The updated figures reflect the airdrop and the fact that various portions of coins have now been unlocked as per the white paper and CMC's own approach to token supply calculation.

         Here's an overview of how the number of tokens is made up of:

         25M (first sale)
         +
         5M (airdrop)
         +
         14M (advisor coins unlocked after 1st yr, June 2018)
         +
         30M (additional token sale which never happened but are unlocked and in the Foundation Treasury)
        
         gives us 74M total but CMC has their own way of calculating and came up with the 69M you see now.

         The outstanding 26M (according to our calculations, not CMC's) will be unlocked this coming June 22, 2019.


         Thank you for supporting OAX!








Your answer is not clear enough to clarify our doubt
For the 14M advisor coin and the 26M outstanding coin, did they go.into the market? If yes, when, ; f no, what is the schedule.

IS IT A SECRET?
WHY DARE NOT GIVE US AN ANSWER?

Apart from my above questions, please also specifically tell us the actual number of OAX coins that are currently circulated in the market.

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May 06, 2019, 08:57:36 AM
 #2331

It clearly says the 14M tokens allocated to the advisors was unlocked. What that means is that the advisors have full access to do with them as they please. Whether they went to market or remain sitting in their private wallets is not a responsibility of the Foundation's to track. You asked a legitimate question about why the market cap has increased suddenly and it's been answered.

It then says that the remaining 26M is still locked (as per the ICO allocation plan) until June 22, 2019. But you're so obtuse that you ask if these coins have 'gone to market'.

If you care so much about where every single token from the ICO went (to market or not), go to the blockchain and find out yourself. If you don't know how to, spend less time trolling and Google the answer.


We get it, you're pissed off and have nothing better to do than troll here. If you dislike the project, move on and try doing something more productive with your life.
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May 17, 2019, 02:44:29 PM
 #2332

openANX/Bitcoin (17 May) #OAX $OAX #BTC $BTC: https://www.publish0x.com/cryptostation/openanxbitcoin-17-may-oax-oax-btc-btc-xxoqyp

Check out Publish0x BitcoinTalk ANN here. Publish0x is a crypto agnostic publishing platform on which both authors and readers earn crypto. Connect via Telegram - http://t.me/Publish0x
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June 12, 2019, 09:23:55 AM
 #2333



While it’s very common for us to receive questions regarding the rise and fall of token pricings and market movements, we want to highlight the potential of digital assets and our industry at large – which brings about many benefits, including transforming the banking system, social media, and even in social welfare - that may be obscured by the usual focus on price movements.

One example of digital assets’s impact on social welfare would be the city of Belfast in Northern Ireland’s recent announcement of the launch of their token. The fundamental use case of the coin is to make a positive contribution towards Belfast’s economic growth and environmental goals.

We believe in the benefits and positive impacts that #digitalassets can bring across various industries, and we are passionate about bringing this ecosystem to the mainstream.

Read our latest insights here: http://bit.ly/DigitalAssetsGreaterGood

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June 14, 2019, 07:30:52 AM
 #2334

Hi community members,



Our partners at Enuma Technologies have recently published a blog post in relation to one of the technical aspects behind our project, and apart from this, the Enuma team is also putting together a very detailed paper explaining the Layer 2 solution that powers our platform.

Read our updates on Medium here: http://bit.ly/EnumaUpdates

We hope you're as excited as we are! Do stay tuned.

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June 18, 2019, 02:28:27 AM
 #2335

It’s definitely an exciting time for OAX Foundation! Our core team has recently met with our development partners, ENUMA Technologies, and we’re happy to announce that the paper we’re working with them that details our Layer 2 solution will be released very soon. Smiley




The team is also hard at work on a number of updates in the pipeline - we are thankful for the support thus far, and please stay tuned.

Read our latest Medium post on our upcoming updates here: http://bit.ly/OAXExcitingTimes


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June 20, 2019, 03:06:31 AM
 #2336



We've recently promised the release of a paper detailing the technical specification of the L2X protocol and we're excited to announce that it is released!

The paper is written in collaboration with our tech partner, Enuma Technologies, and we hope that it will explain to our community members and supporters how our protocol works in detail, be it as a blockchain enthusiast or even if you wish to potentially implement it. Smiley

Link to Medium Writeup: http://bit.ly/EnumaOaxPaper

Link to the paper: https://github.com/OAXFoundation/l2x-trustless-exchange/blob/master/docs/l2x-specification.pdf

We understand that it's quite a read, but we welcome all questions and will be hosting another AMA session soon!

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June 21, 2019, 07:06:07 AM
 #2337

Global consulting firm PwC has recently announced the launch of a new tool for auditing digital asset transactions. This new feature is part of its Halo data auditing suite and will provide assurance service to clients transacting in crypto-assets such as Bitcoin, Ethereum and also OAX tokens!  We are very pleased that the OAX token has been chosen as one of the tokens supported by PwC's new digital asset auditing tool.

As we progress further in the digital asset industry, we admire and support firms such as PwC that work hard to digitize themselves and keep up-to-date with the technological changes of the market. Auditing digital assets has been a challenge in the blockchain ecosystem and with PwC's new endeavour, we see a means for overcoming that hurdle in the coming future, marking growth for the ecosystem at large.

Read the PwC announcement here: https://press.pwc.com/News-releases/pwc-launches-solution-supporting-audit-of-cryptocurrency/s/5e3ec5e1-0cf3-4a75-b5af-4f9d23402e88

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June 23, 2019, 08:42:18 AM
 #2338

Global consulting firm PwC has recently announced the launch of a new tool for auditing digital asset transactions. This new feature is part of its Halo data auditing suite and will provide assurance service to clients transacting in crypto-assets such as Bitcoin, Ethereum and also OAX tokens!  We are very pleased that the OAX token has been chosen as one of the tokens supported by PwC's new digital asset auditing tool.

As we progress further in the digital asset industry, we admire and support firms such as PwC that work hard to digitize themselves and keep up-to-date with the technological changes of the market. Auditing digital assets has been a challenge in the blockchain ecosystem and with PwC's new endeavour, we see a means for overcoming that hurdle in the coming future, marking growth for the ecosystem at large.

Read the PwC announcement here: https://press.pwc.com/News-releases/pwc-launches-solution-supporting-audit-of-cryptocurrency/s/5e3ec5e1-0cf3-4a75-b5af-4f9d23402e88

What a good news from oax and for crypto world too. More and more company are working with crypto assets
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June 24, 2019, 06:14:24 AM
Last edit: June 24, 2019, 06:47:55 AM by AsiaNexgen
 #2339



The next step in regulation of digital assets is now taking place as on Friday, the Financial Action task Force (FATF) released a new guidance paper, which covers digital assets and digital asset service providers. The paper is set to become part of the FATF Standards, which most of the world’s financial centres will abide by.

This was greatly acknowledged by G20 Finance Ministers in its commitment of providing growth whilst preventing downside risk towards the financial system and broader economy.

It may take time, but with developments such as this new level of regulation brought into play, it may signal the beginning of major growth in the digital asset industry and bring financial, technological and operational impact in this space.

Read our post, written in collaboration with our partners, BlockpassOrg, here: http://bit.ly/FATFG20BlockpassOax

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June 27, 2019, 09:49:29 AM
 #2340



Much of the recent hype across mainstream and blockchain media has been surrounding Facebook's announcement of their ambitious Libra project. While we at OAX Foundation are supportive of institutions' foray into blockchain, increasing awareness and potential for mass adoption, we have also identified a few concerns on the project.

Facebook, having control over data, coupled with the Libra project - may potentially cause it to have too much dominating power and control, which goes against the fundamental values of decentralisation and transparency.

We explore the 6 main queries and the impact they'll have on the industry in a detailed analysis by Raphael Tressieres, our Business Development Director and General Counsel Paul Li: http://bit.ly/oaxlibra

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