Bitcoin contributed a new paradigm in world finance and policy. Block Chain (Blockchain) has started to talk about its name all over the world today. Almost everyone now has an idea against this system. The main logic of the system is simple; to build a structure that is not centered and not controlled by any institution / individual. Decentralization, anonymity, and return to hands of ordinary people of control over money — all this came together with cryptocurrency. Now any state approximately represents how many money the ordinary person has.
The decentralized economy taketh away this opportunity from the state, and to make finance of each person a private matter. As cryptocurrency hasn’t the need intermediaries for the transfer from one person to another, it excludes a possibility of fraud and control. However, to change one currency for another or for fiat money, we can’t do without the exchanges.
For the decentralized money, there shall be decentralized exchanges! This logical decision and many companies work on their creation.
About OAX(Open ANX)
Open ANX comes to the forefront with the idea of a stock exchange. Transfers are made between wallets, are very safe. it is safe enough to wipe your mind completely out of your head. Unscented stock market idea has been tried by other coins before, it continues to be tried. The most common problems around here are very low transaction volume, bad and unreliable interface, insufficient advertisement. In addition to all these; it is quite simple to manipulate the data in centralized stock markets. While you are asleep, the malicious people at the back may be unaware of you with your money. This situation is completely transparent in the stock markets.
OpenANX is a new model of the decentralized exchanges. The platform that at the same time combines the transparency, characteristic of cryptocurrency services, and the liquidity inherent in centralized platforms. The main task of the project is creating the multifunctional trading platform that works not only with digital but also with fiat currency.
Ideally, the decentralized OpenANX exchange shan’t differ from regular and carry out only information role, and all means shall lie on wallets of users. Of course, those exchanges, which are created now, are still far from perfect.
OAX is a design and structure and concept that has been applied to a platfrom media that is in order to create a decentralized network well, in the activities of various payment transactions ranging from transaction activities either outgoing transactions or incoming transactions, which is supported by the network #Blockhain and also OAX base is using #ETH smartcontract standart # ERC20, where this technology has grown very rapidly and also has good network quality, OAX keeps improving its development on its platform which in this case is to establish a network integrity that is safe to use and also convenient, in order to have an increase in various levels of aspects ranging from increased sales transactions, greater network interaction,as well as communities that contribute more.
Objectives of Open ANX
Support of resolution of disputes in case of their origin. The offered access to collateral funds for a case of the origin of disputable situations provides the off-exchange, legally fixed system of settlement of disputes to guarantee the much-needed protection of customers. United of the register of warrants by means of the patented ANX International technology. For the merge log of warrants, on the platform own technologies of connection of liquidity of the taking part gateways and indices of other platforms will be used.
The help to decentral projects which based the mechanism is (only tokens). Increase in the audience of users and liquidity of the existing decentral projects which do not have access to fiat means. Implementation of synchronization of registers of warrants of a peer-to-peer network of P2P and off-exchange market. Transfer of the existing ANX user base on the new platform. Involvement of associates to the application of a resource guarantees the required initial number of users, and further increase their quantity due to the creation of the new exchanges on the basis of the OpenANX platform and implementation of its technology is already existing. Provision of an alternative to operations with the classical log of thanks to the implementation of the P2P OTC mechanism realizing a possibility of trade via the convenient and rapid controlled personal channel.
Mission of Open ANX
Offers an alternative to operations with classic order logs through OTC P2P mechanisms. At the same time, trading should be easy and fast.
Involvement of crypto community members to use resources and increase their numbers by introducing technology into existing sites, as well as creating new exchanges based on the OpenAnx platform.
Full synchronization of command lists from peer-to-peer P2P networks and over-the-counter markets.
Significant improvements in the user audience and the liquidity of existing decentralization projects that do not have access to fiat funds.
To merge a list of orders, set your own technology usage to combine gateway liquidity and other participating platform indicators.
Provide access to warranties in the event of a controversial situation.
Review the credit worthiness of the key to managing financial risks.
Implement asset gateways in the existing trading platform architecture.
Important to note! All OpenAnx users will be transferred to use their services. Other exchanges interested in the transition will also be given this opportunity.
Token of OAX to users:
Tokens of OAX can be exchanged for receiving membership in DAO, also they give to the holders the right to vote and the right of the reverse requirement. Besides, tokens will be necessary for the course of registration on service and for the opening of access to its tools. The tokens received thus will be destroyed, for the purpose of further control of inflation. Access to the platform can be transferred, or sold to other users. In system 4 types of membership will be provided, the participant, the participant to have the right to vote, the co-founder, third-party service provider.
Participant:Has an opportunity to use the platform for execution of the transactional operations.
Participant of the vote: The user having the right to vote for solutions with respect to ANX platform. These decisions can include adding new functions to the platform. By means of this method of management of the decision will be expedited and it is effective.
Charter member: Has the right to offer subjects for discussions in addition to their right to vote. These subjects, perhaps, will concern new functions and will be voted. Therefore, founder participants will have a great influence on the future of the OAX platform.
Third-party service provider: they have an opportunity to provide services in an ecosystem. In process of growth of the OAX platform, any who has such type of membership will have more power and profits.
According to TASS, on July 4 this year, the project team declared an early stop of implementation of digital coins of OAX. Pre-sale of the tokens was launched on June 22. In total for an hour, it was succeeded to sell more than 13 million coins that exceeded initial goals of a crowdsale. Within 11 days of the organization, it was succeeded to realize over 25 million tokens for the total amount of 20 million dollars. The token successfully bargains at present in the market of cryptocurrency.
The OpenANX platform integrated program interfaces of liquid assets with the decentral mechanism of a consensus. It implements the absolutely unique concept of decentral trade services allowing to reduce considerably risks of carrying out operations with the virtual means and to increase their transparency.
Roadmap
Token Sales and Distribution
The sale of OAX tokens began on June 22, 2017 and was completed on July 4, Approximately $ 25 million of OAX token was sold to the participant for approximately $ 18.76 million (1 ETH = 478.68 OAX ) . We have not had any problems in the sales process. As you know, ICO sales are experiencing frequent problems such as hacking or postponement.
There are a total of 100 million tokens. Approximately 25% of the total number was sold.
The market value of the Open ANX platform is approximately US $ 75 million based on token sales pricing . This price will start to change as the OAX commodity starts to open.
Remember that most tokens will be locked for at least 1 year and the prototype must be released before this. For this reason, we can assume that OAX investors will be happy because of their involvement in ICO .
Links:
Website
https://oax.org/en
Whitepaper
https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU.pdf
BitcoinTalk profile
https://bitcointalk.org/index.php?action=profile;u=1279177
Facebook
https://www.facebook.com/oaxfoundation/
Twitter
https://twitter.com/OAX_Foundation
Telegram
https://t.me/openanxteam!