Blog: OAX - Real World Application of Decentralized Exchanges

OpenAnx Project (OAX)

OpenAnx (OAX) is a promising innovative project. If we look at the customers' repeated complaints about the classic crypto shopping, they all lead to a dominant position in the near future in the crypto exchange market. And there are many reasons for believing that OpenANX is among them. This can be possible thanks to a clear and fully understood technology with many years of developer experience and knowledge. Let me see what happens - I will observe with interest in their development)

What is OAX?

OA X is a platform for exchanging crypto, which combines basic features:

Liquidity is connected to a centralized platform.

Transparency depends on crypto currency service.

OAX is a design as well and the concept has been implemented in a variety of activities ranging from enter the transaction, enter the concept payment transaction processing transaction activity either enter or exit a transaction, or in a network #Blockhain, in order to create a good decentralized network OAX base OAX in which case it is necessary to establish a secure network unity and continue to develop the development on which platforms and this technology is developing very rapidly using the standard SmartContract #ETH # ERC20 and at the same time having a good quality of the network, For an increase in interaction, as well as communities that are increasingly contributing,

The main task of the company is to create a multifunctional trading platform that will work not only with markers but also with currency units. In this case, OAX coin owners have the right to vote and claim the opposite. In addition, it will have to have the platoon record and open access to the plot. There are four types of membership in the system:

Participants are eligible for voting
founder
Payment Gateway
Third-party service provider.
Advantages of OpenANX;

Has a small risk level and a transparent network
To have various transaction activities in orderbook system
A large network of contributors will show interest in various clients
With transparent asset detection, it will provide convenience to the various customers in the store in a good way.
The level of security and good integrity at the same time will provide a high level of customer confidence
Get an institution or organization to provide a great platform with a large community.
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OpenAnx (OAX). Decentralized Change

Vitaly / 01/07/2018 / ICO reviews

The modern crypto community does not see problems like bad governance, multiple crimes, unjustified regulatory changes, no customer support, late payments, and finally garbage. People's trust in the stock market is getting weaker day by day - without an effective way to risk assessment, users prefer not to use their full potential.

But there is a way out - it is a decentralized change. OpenAnx joins many existing exchanges with a decentralized hybrid platform for token exchange.

OAX model

The concept was initiated by the OpenAnx Foundation in Hong Kong to create a decentralized platform for OAX Change, Ethereal box office advertising. The main feature of the company can only be found in the official White Book , which is only available in English so far . Key features are the clarity and reliability of financial transactions specific to cryptographic platforms and the high liquidity of traditional platforms at the same time.

Platform participants identify risks through connections to security deposits and to the network of assets. The customer will receive reliable protection thanks to the combination of funds.

The currency created by OpenAnx ensures that a centralized trading platform is included in this structure. This fact can take user assets that can be used to bid in decentralized services, store and release equivalent markers.

To prevent disputes and disputes between the parties, the entity gateway will receive Ether translation requests for smart contracts. It is assumed to be the internal marker to be used to trade with other medallions. This is done to reduce the risk of an inactive market.

What is the central change and what are the advantages / disadvantages?

Most of the traditional shopping malls that exist today are centralized shopping malls, which means that they are the only unit that controls stocks and is responsible for trading.

It has many advantages such as central exchanges, critical services, liquidity and banking relationships. Nonetheless, the lack of financial and operational transparency and the security issues shown in interrupted stock exchanges have significant disadvantages, such as the loss of hundreds of millions of dollars and causing the trust and confidence of users and the general public. The trade of centralized trade also loses its goal of having a decentralized currency (Bitcoin, alternative scaled currencies).

The buying and selling terms are somewhat misleading in the traditional sense - on the stock market or on the online market platform, there is the transfer of payments and payments of goods purchased at the end of the transaction. In the case of a central "crypto" exchange, no payments or coins are exchanged between buyers and sellers (and therefore the reason why transactions are not recorded in the block chain); In contrast, transactions are only reflected in the internal accounting records of the stock exchange, and sales customers who have previously borrowed money from the stock exchange are now borrowing only in currency. The account is basically an IOU given by a foreign exchange given to the seller because he still does not have physical ownership.

Purpose of OpenAnx source

OTC P2P mechanisms offer alternatives to transactions made with conventional order books. At the same time, trading should be easy and fast.
In addition to creating new purchases based on the OpenAnx platform, crypto community members will be able to use resources and improve their numbers by bringing technology to existing sites.
Full synchronization of command lists from peer-to-peer networks and over-the-counter markets.
Significant improvements in existing user segments and the liquidity of existing localization projects that do not have access to fiat funds.
To consolidate an order list, set up your own technology use to combine gateway liquidity and other participating platform indicators.
Provide access to guarantees in case of a controversial situation.
Observe the credit worthiness of the key to manage financial risks.
Implement asset gateways in your existing trading platform architecture.
Keep it in mind! All OpenAnx users will be transferred to use their services. The other stock exchange interested in the transition will be given this opportunity.
What is the main purpose of OpenANX?

Transpose exchange platforms in Asset Gateways that transparently link Fiat and markers. On the platform, it is planned to implement data integration gateways in the existing trading platform architecture. Attach an existing exchange platform to the network and implement a deposit deposit system that will provide more liquidity to the users.
Credit risk trading support. The initiation of financial risk transactions will provide an opportunity for the assessment of the network power of payment. At the same time, the price and market "voice" will provide trading credit risk, which does not bring out the network power of payment power.
Support the resolution of disputes if they arrive online. Access to the collateral fund for disputed cases provides an illegal and legal dispute resolution system to provide the consumer protection needed.
Combine warranty documents using patented ANX International technology. For the solar fusion process, the gateway technology's connection technology platform and other platform indexes will be used.
Assistance for out-of-center projects with locomotive base (only markers). Increase in user volume and liquidity of existing decentralized projects without access to Fiat facilities. Synchronization of peer-to-peer network and foreign exchange market capitalization.
Transfer an existing ANX user base to the new platform. Co-worker involvement for resource distribution guarantees the number of first users and further increases this figure due to the creation of a new exchange based on the OpenANX platform, and the application of the technology is already available. Adoption of peer-to-peer OTC mechanisms to facilitate trade via a special, easy-to-control and fast channel, ensuring alternative operations with classical records.

ICON

The presidency begins on June 22, 2017. More than 13 million dollars were sold in over an hour, which was above the goal of krausejla.

On July 4, 2017, the project team announced the early end of the implementation of OAX digital funds. The organizers managed to sell more than 25 million coins with more than 20 billion in value over 11 days. More than four investors took part in the auction. Ken Lo thanked every participant who contributed to the development of this site.

The founder of the site set a simple but ambitious goal to facilitate the use of virtual money. The task of coordinating site development is based on a special flare that will be created and included in OpenANX. In addition, developers plan to significantly simplify the currency conversion process through their Asset Gateways to their cryptographic currency assets. At the same time, it provides an introduction to the mechanism that can emerge (if any) with the participation of external forces to resolve the controversial situation.

Token OAX

The OAX symbols may be changed to accept DAO membership, and may also give rights to rights holders rights and back terms. In addition, markers need to track service records and access their tools. Acceptable evidence will be destroyed to further control inflation. Platforma access can be transferred or sold to another user. Membership will be provided in a 4-member system, participants will have the voting rights, founder and third party service providers.

Participants Have the opportunity to use the platform to implement transaction operations.
Voting Participant The user has the right to choose a solution for the ANX platform. This decision may involve adding new functions to the platform. With this method, decision management will be accelerated and become effective.
Members of the Charter have the right to submit courses for debate other than their right to vote. This issue will probably take care of the new business and be selected. For this reason, the participants of the builder will have a great influence on the future of the OAX platform.
Third-party service providers: have the opportunity to serve in the ecosystem. In the process of upgrading the OAX platform, everyone with such membership will have more power and profit.
According to TASS, on 4 July this year, the project team announced the first stop on the implementation of OAX digital money. On 22 June the pre-sale indicator was launched. For an entire hour, it was able to sell more than 13 million coins, exceeding the initial target of the crowd. In the 11 days of the establishment, it succeeded in achieving more than 25 million symbols with a total of 20 million rupiah. The characters successfully bid today in the crypto market.

The OpenANX platform integrates the asset assets program interface with an applicable consensus mechanism. It implements a truly unique decentralized trade services concept to reduce the risk of running operations virtually and increase transparency.

In addition to decentralization, many other centralized projects are expected of a great future.

ROAD MAP

This project has a clear development plan that the team is trying to follow:
Q2 2016: Concept development
Q1 2017: Review the concept
April 2017: OpenANX project inauguration
May 2017: White paper issue
June 22, 2017: Start OAX Token Sale
Q4 2017: Working group registration form
Q2 2018: OpenANX PPrototype

Team

OpenAnx creation team

Because it is unique, a few words about the project team should be mentioned. People who go to OpenAnx (OAX) have enough experience and skill. This is not another beginning about how to implement a block in a traditional environment, with the idea of

another epidemic.

Ken Lo is a successful entrepreneur who is one of the founders of ANX International, an OXX guarantor with five years of experience in this area. In addition, it has a 20-year history of business planning and strategic work experience, working successfully in giant companies like Luo, Verizon, Accenture and BT.
Hugh Madden is the inspiration and initiator of many OAX project concepts and ideas. The luggage experience was even more impressive: the first commercial security service was launched at the age of 16, working for a financial services company that runs the security system. In 2012 he founded ANX International.
Dave Chapman is one of ANX International, the guarantor of Oax, an international crypto asset exchange expert. Invaluable work experience involves working with the world's largest financial leaders in project management and implementation. Dave works for Barclays, ABN AMRO and HSBC.
David Ti - has 25 years of experience in corporate finance, mergers and acquisitions. Europe, Asia and the United States.
Zhean Chu is a partner of Jen Advisors (a venture company in a large mall). Jehan is an active evangelical specialist since 2013 and is the teacher of the Google EYE program and the founder of the Hong Kong Bitcoin Association.
Chandler Guo - is an obstructive startup consultant. Chandler is a big investor - the boss has assets of more than 20 companies.
Zane Tuckett - born in Colorado at the age of 18, moved to China to work as a Chinese. After lived in the East for a few years, he joined the largest China-OKCoin crypto market and started managing international operations here. Later, he was invited to work with BTCUSD and Bitfinex for community director and product development manager. Tuckett joined B2C2 as a countertop sales chief after two and a half years of working on the exchange side.
Bok Kh, consultant and statistician, Ethereum BEc, AIAA and quantitative software developer. Having over 28 years of experience working with banks, government agencies and treasures, Bock has begun to develop decentralized stock exchanges without credibility.
Helping to implement OpenAnx ideas in life is less experienced developers and consultants weighed in the crypto community:

Team