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openANX

Ended
Ended: Jul 21, 2017

Real World Application of Decentralized Exchanges

Open, Transparent, Decentralized - openANX is a real world application of DEX (decentralized exchange). By utilizing technological improvements on the Ethereum block chain alongside payment channel technology, openANX merges the security of decentralized exchanges with the payment gateway functionality of existing centralized exchanges.

OpenANX aims to be a crypto exchange platform that combines the transparency of decentralized exchanges with the liquidity and reliability of centralized exchanges.

Website

openanx.org

Not Verified

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Intro Video

ICO Details

Ticker Symbol:
OAX
Platform
Ethereum (ERC20)
Accepts:
ETH
Hard Cap:
18,750,000 OAX
Company:
ANX International, Hongkong, 2013 and OpenANX Foundation, HK, 2017
Country:
China
Total supply
100,000,000 OAX

Public Crowdsale

Ended
Date Sale:
Jun 22, 2017 — Jul 21, 2017 @ 29 days
Sale Avalable Tokens:
30,000,000 OAX @ 30.0%
Price:
1 OAX = 0.45 USD

Token distribution

founders 20.0%
community 80.0%

ICO Overview

OpenANX aims to be a crypto exchange platform that combines the transparency of decentralized exchanges with the liquidity and reliability of centralized exchanges. They are essentially creating a more transparent marketplace for fiat-crypto exchanges to compete for customers while aggregating the order books across them all to improve liquidity for all traders.

In the current model of centralized exchanges, users deposit funds and get IOUs managed by the exchange. They don’t control their funds anymore, and all ownership is recorded in the exchange’s central database. They operate somewhat like a bank without being regulated as one. The exchanges do compete against each other but there are few ways to assess the relative risk of using one versus another. However, they provide liquidity needed for efficient markets and they are unique in providing fiat on-ramps to crypto-markets–something decentralized changes haven’t been able to replicate.

OpenANX proposes a new model based on several key system actors:

The OAX token has both voting and contribution rights. It is not required for basic trading. It does not have economic rights to any profits or fees.

The OAX token will be required to register as a member of the network and access services. It will also confer voting rights to the token holder in governance decisions.

Different amounts of tokens will be required to participate on the network at different levels. There are four participation levels outlined in their white paper:

The exact amount of OAX tokens required to register as a member at each level has yet to be decided. Tokens redeemed for membership are burned, resulting in a deflationary model. The memberships themselves will be tradable or transferable in some way.

OpenANX is a project of ANX international, a Hong Kong based blockchain technology company that started in 2013.

NOTE: This project will require KYC to withdraw purchased OAX. US investors are permitted.

June 20, 2017 at 1:36 am, Matt Chwierut said:

Note to readers: we deleted a comment that displayed an incorrect ETH address for the smart contract. While openANX will make their smart contract address public, do not trust any address not communicated through the openANX website.

Reply

June 21, 2017 at 11:29 am, Steve Brown said:

> Thank you for the update

Reply

June 22, 2017 at 1:42 pm, Kapil Bajaj said:

From where we can purchase OAX by doing KYC?

Reply

November 11, 2017 at 2:48 pm, Nick said:

Here’s a step by step guide to setting up a wallet and buying OAX tokens: getcrypto .info/oax/

Reply

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Website

ANX firmly believes decentralized exchanges will dominate the cryptocurrency market. We plan to lead the march toward this future through openANX, which will be fully open sourced, transparently governed, and kickstarted by ANX's technology, experience in operating an exchange, infrastructure, and wide network of users.

About openANX The openANX DAO At the core of the openANX platform is the Decentralized Autonomous Organization, which is run by smart contracts. The governance model affects the way the DAO behaves, thus always staying in the best interest of all participants. Risk Transparency The ability to assess risk in a quantifiable way is unique to the openANX platform. Gateway tokens can be traded, creating a new dynamic and further increasing transparency. Aggregated Order Books Isolated order books from each asset gateway will be aggregated using the liquidity aggregation system provided by ANX. The end user will have access to a single, seamless order book. Participants openANX takes the strengths of both centralized and decentralized exchanges to create a new middle ground. Addressing the evolving needs of exchanges will attract many participants. Asset Gateways In the future, customers will be trading their assets through decentralized trustless exchanges. They will only interact with existing centralized exchanges for onboard and offboarding real world funds; but now the consumer will be protected with blockchain locked collateral and a real-world dispute resolution process. Dispute Resolution Disputes can be escalated beyond the asset gateway. An impartial dispute resolution mechanism exists through a third party. Open ANX Foundation The Foundation’s objective is to promote the real-world application of the openANX platform. It is a non-profit organization.

Open, Transparent, Decentralized - openANX is a real world application of DEX (decentralized exchange). By utilizing technological improvements on the Ethereum block chain alongside payment channel technology, openANX merges the security of decentralized exchanges with the payment gateway functionality of existing centralized exchanges.

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Team

Ken Lo
Leadership
Brett Lettice
IT Infrastructure
David Tee
Leadership
Ming Yan Cheung
Corporate Finance
Dave Chapman
Leadership
Punit Dambiwal
IT Infrastructure
Cerulean Hu
Development
Sawyer Zhang
Development
Ivan Chan
Corporate Finance
Jack Cheng
Product
Hugh Madden
Leadership
Claudia Lau
Operations
Frasier Wang
Development
Henry Chan
Development
Amanda Tung
Marketing
Vivian Leung
Human Resources
Liam Bussell
Marketing
Franco Ng
Development

Advisors

Lionello Lunesu
Technology Advisory
Ben Tai
Strategy Advisory
Jehan Chu
Strategic Advisor
Chandler Guo
Strategy Advisory
Henry Yu
Legal Advisory
Bok Khoo
Technology Advisory
Zane Tackett
Strategy Advisory
Peter Smith
Strategy Advisory

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