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"?? ICO / Crowdsale -  [ANN][OAX] openANX - Real World Application of Decentralized Exchanges
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Real World Application of Decentralized Exchanges[Image: PhL0BW9.jpg]


Token Sale on June 22

Introduction to OPEN•ANX

What is openANX?
The openANX platform will take advantage of technical developments on the Ethereum blockchain such as payment channels (Raiden, 0x, Swap, ERC20) and utilize them to overcome the challenges faced by the current CEM. It will co-opt the strengths of the existing model to improve the existent decentralized exchange attempts by linking existing exchange platforms (“Asset Gateways”) to the network and enforcing a collateralized deposit system that will provide users with a way to measure risk. It will also provide an off-chain, legally enforceable dispute resolution system to provide much needed consumer protection.

The key deliverables of openANX are to:

• Migrate existing exchanges to the role of collateralized Asset Gateways, bridging fiat to tokens in a collateralized, transparent manner

• Provide credit risk trading to allow price discovery and a market “voice” of gateway creditworthiness

• Provide dispute resolution to access collateral in the event of disputes

• Aggregate order books using ANX International (“ANX”)’s proprietary “aggregation liquidity IP”, and merging the liquidity of participating Asset Gateways

• Complement the wave of “token only” decentralized matching engine projects which otherwise would not have fiat support, and hence further increase liquidity, and accessibility for the general public

• Both order book and Peer-to-Peer (“P2P) Over the Counter (“OTC”) order matching

• Migrate ANX International’s existing user base to the new platform, ensuring a critical mass of initial users; and then growing a consortium of new and existing exchanges committed to migrating to the openANX platform


Shortcomings of the current Centralized Exchange Model (CEM)

The current paradigm of the CEM began with Mt. Gox, and has developed and matured to reach the status quo. The CEM allows companies to provide services for users to buy/sell tokens, or exchange them for other assets through a central gateway platform for a fee. These proceeds ensure the service provider in return offers customer support, security and a suite of product offerings. The strengths of the system have developed over time to coalesce around banking relationships (the ability to turn Bitcoin or ETH into cash) and providing liquidity. However, with repeated security breaches in various exchanges and poor management, public’s faith in the CEM system is increasingly waning. The fundamental question is one of trust – without an effective way to measure risk, users tend to under-price its potential.

Age of Decentralized Exchanges
The shortcomings of centralized exchanges have seen a number of decentralized exchanges emerge. These largely fit into two categories; those that handle native fiat currencies, and those that handle only pure digital tokens. A number of pure decentralized digital token exchanges and protocols are starting to emerge, notably on-blockchain markets such as, and offblockchain protocols such as 0x and Raiden for single blockchain token trading. For cross blockchain exchange, the emergence of the Lightning network for cross blockchain atomic swaps is promising.


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Token Sale Details
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Utility of OAX tokens
OAX is a token that can be exchanged for participation membership in the DAO and its association, participating members will be entitled to certain privileges, including but not limited to voting privileges on major operational decisions relating to openANX platform. Note that members are not be entitled to any economic rights of the Foundation at any time. While it is a core belief that the platform be open to all, users will only be able to influence policy through voting privileges, which will be conveyed through membership in the association and tokens will form the method whereby users gain access to memberships. If users wish to gain access to voting privileges, or become a third-party service provider including but not limited to the following areas; KYC, Asset Gateway, or other service, some form of participation membership will be required.

Additional Info
The ICO Price Is Starting At 0.75 USD/Tokens

I Think Its An Interested Coins
But I Still waiting The ICO Announce Of Frascoin
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(17-06-2017, 11:34 AM)bahlulfahrul Wrote: Additional Info
The ICO Price Is Starting At 0.75 USD/Tokens

I Think  Its An Interested Coins
But I Still waiting The ICO Announce Of Frascoin
I was just to ask about this then you posted it. Hehe thank you. Hope this coin  will have a good future
Hi!  :)
Lots of coins and tokens appearing now :) if they will give bounties then I will surely join. But if needs to purchase then maybe i'll pass on it for now.

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