OAX - Real world application of decentralized exchanges

supertar78 (8)in #ico • 6 years ago (edited)

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. With this built-in foundation you can come up with all the systems you can think of.

Over time, systems that use the blockchain infrastructure have evolved into a more controllable structure. Because it was a system that was more manageable and more material. Do not you prefer not to use this way, and there are not those who use centripetal structures? Here we will talk about OAX, one of them.

YOU MAKE YOUR VOICE OAX YOU KNOW?

In this way the question of style will feel strange to friends who live anywhere. If we go back to your position; OAX is invincible, does not smoke, cannot be used. Let's explore the example, all of my examples in the example are real.

We received BTC by sending money from a europe bank to a stock exchange that has an agreement with Turkish banks. Then let's say you sent it to the stock exchange like Bittrex, Poloniex to use it in different subcoins. One day these stock market owners (you know you own a stock market) have all the money in their hands and decided to run away. Can not access the site, does not answer the mails What will you do in such a situation? I will say you will drink a cold water. Do not say no, you can see some past examples by making a little google.

Open ANX comes to the forefront with the idea of a stock exchange. Transfers are made between wallets, are very safe. "If I wake up one day, will my stomach completely disappear?" 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.

OAX will work with Ethereum smart contracts. It will also be integrated with currency channels. Some important features of Open ANX are:

Centerless
KYC / AML service
Secured entity gateways
Order book registration
Conflict Resolution
DAO governance updates
Liquidity aggregate
Risk transparency between the parties
Exchange channel integration
Credit risk trading and pricing
Profit-free foundation
Open source code

High liquidity is one of the features that distinguish Open ANX from its competitors. This especially protects investors and allows more entities to be added to the gateway.

HOW DO YOU HAVE THE MANAGEMENT METHOD RATING OAX FROM OTHER TOKEN?

One of the most interesting features of Open ANX platform is its management structure. According to other coins, users are aiming to share much more management. Users who wish to have more authority and rights in the ecosystem may apply for certain types of memberships depending on their objectives or contributions.

To become a member, investors will need to confirm that they have a pre-determined number of coins. The number of coins will vary depending on the level of membership. These coins will be burned after the receipt of your application. This process causes the number of coins to decrease over time, and as a result, existing coins are expected to be more valuable. Let's closely examine these memberships together.

MEMBERSHIPS:

Participant Member:

To use the platform to perform transaction activities that may be at the primary purpose, wholesale or retail level of the participating members.

Voting Member:

The voting user has the right to cast votes on the opening of the ANX platform. These decisions may include adding new features to the platform. With this governance method, decisions will be implemented quickly and efficiently.

Founding Member:

Founding members may propose discussions in addition to voting rights. These topics will probably be about new features and will be voted on. For this reason, founding members will be very effective on the future of the OAX platform.

Third Party Service Provider Member:

Has the ability to provide services within the ecosystem. As the OAX platform grows, you will see who will gain more power and gain such membership.

Entity Transition Member:

This membership is at the top level. In addition to third-party services, they can provide exchange services.

WHAT WAS WHAT HAPPENED TO YOU?

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 with their participation in ICO.

WHAT DOES WE EXPECT FROM OUR FUTURE?

Q2 2016: Concept Development
Q1 2017: Concept Verification
Q2 2017: Open ANX Project Revealed, Tech Review Output and OAX Token Sales
Q4 2017: Working Group Membership
Q2 2018: Open ANX Prototype Version

The future of OAX looks very bright and will continue as long as the team promises in time. The open ANX prototype will be launched into the market in Q2 2018.

We wish Oax team the best. We also hope that the team will continue to keep you updated with progress updates.