openANX - Decentralizes Exchanges, Prioritizes Security, and Initiates Competition
When one sees the multitude of ICO’s and Token Sales hitting the market every, week you need a good reason to even begin researching these new tokens or coins. What does this coin do differently? Do they have a plan that appears to be realistic? Who is on the team that can push this idea forward into the future. After hanging out on Slack, Telegram, and Bitcointalk.org I can tell you that there is a difference.
/>OpenANX looks to bring competition into a decentralized exchange. Each asset gateway will be competing for your business each and every second. Some exchanges may have large sums kept in smart contracts to handle disputes (low risk), while other exchanges may offer slightly cheaper prices but have fewer funds for disputes (higher risk). While others may work to handle your FIAT in ways that provide for quicker conversion of FIAT into Crypto, and vice versa. In the end, competition is always a benefit to the consumer.
The second difference is how they plan to bring liquidity to the market. ANX International is one of Asia’s oldest centralized exchange and is donating their IP for this project to openANX. They have an order book along with clients that will be immediately transferred over on launch. In addition, larger centralized exchanges are expected to operate on the platform to ensure liquidity on their exchanges. How many token sales are directly linked to a successful business at the beginning of the process? How many ICOs are being launched that not only have the ability to develop the product but also the experience to ensure its success in the world of business?
Last but not least, they bring security. In a transaction on the openANX exchange, the gateway will only hold a single set of keys. This means they may control your FIAT but not your coins. At no time will they hold both keys, and they key do they hold is secured by the collateral which is clearly displayed for everyone on the exchange. Trading on openANX is more secure, and displays the risk involved to all parties.
Like any coin investment it is extremely important you check out the whitepaper for yourself. After that come see the team over in Slack, Telegram or Reddit. Please find all the links below for your reference.
Website: https://www.openanx.org/en/
Whitepaper: https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU.pdf
Technical Whitepaper: https://www.openanx.org/en/assets/whitepaper/openANX_Technical_White_Paper_ENU.pdf
Token Sale Summary Sheet: https://www.openanx.org/en/assets/documents/openANX_Token_Sale_Summary_Sheet_ENU.pdf
Reddit: https://www.reddit.com/r/OpenANX/
Slack: https://openanx.slack.com/join/shared_invite/MTk4Njg1NDkzMzc5LTE0OTc1OTY4NzMtOGE0MDExNjRlNQ
Bitcointalk : https://bitcointalk.org/index.php?topic=1943946
Understanding openANX: https://medium.com/@OAX_Foundation/understanding-openanx-edb7b45c8809