I intend to join and have had my eye on this one for like 2 weeks now...
Question though, why would most exchanges list this if it would act as a disrupter to their gaining of fees through their own exchange being used? Or is it just the idea that they'll go where the money is.
Also, what does soft cap 13 mil OAX mean yet total supply 30 mil?
Lastly, that's not nearly enough pizza for all those people. Looks super fun congrats on the good amount raised so far!!!
I'll probably be joining tonight or at the VERY end
https://etherscan.io/address/0x2b3b67c6dffc2bcdda2315491eac9bbe868fbcdd
Overview
ETH Balance: 18,499.326444803027661978 Ether
ETH USD Value: $6,034,110.30 (@ $326.18/ETH)
Does this mean about $10m was preinvestment? since it seems about $16m was raised so far?
Question though, why would most exchanges list this if it would act as a disrupter to their gaining of fees through their own exchange being used? Or is it just the idea that they'll go where the money is.
Also, what does soft cap 13 mil OAX mean yet total supply 30 mil?
Lastly, that's not nearly enough pizza for all those people. Looks super fun congrats on the good amount raised so far!!!
I'll probably be joining tonight or at the VERY end
https://etherscan.io/address/0x2b3b67c6dffc2bcdda2315491eac9bbe868fbcdd
Overview
ETH Balance: 18,499.326444803027661978 Ether
ETH USD Value: $6,034,110.30 (@ $326.18/ETH)
Does this mean about $10m was preinvestment? since it seems about $16m was raised so far?
Thank you for such a loud questions, Zechis966!
1. First they ignore you, then they laugh at you, then they fight you, then you win.
Here is the answer from the openANX representative:
"... Second, We aim to build a consortium of exchanges and we've had initial discussions with a number of them. From the outset, it will probably be tier 2 (regional exchanges) and other decentralized exchanges that join first as they stand to benefit the most initially. Centralized exchanges will want to support a gateway to hedge their risk: decentralized matching is clearly the future.Small exchanges get to utilize a top notch matching engine (rather than attempting to build their own, and they get access our initial liquidity, or exchanges that don't do a full range of tokens can add those to their existing clients.
It's then that aggregation becomes exponential. Once we have 4-5 exchanges then we become attractive for other reasons. Credit provides consumer protection, and our liquidity now looks attractive to even larger exchanges who can use it only in instances when their own order book can't provide the trade volume they need. So, initially we believe big exchanges will use us to fill gaps in their own books, maybe only running 5-10% of their own business through us. Over time, they will see that if they provide better service in terms of customer service and banking expertise, being part of a bigger ecosystem works because they have access to a larger group of potential clients..."
https://bitcointalksearch.org/topic/m.19504045
2. From tlynch on Slack: "once we reach the soft cap, openANX can end the token sale at our discretion"
Total suply - 100M OAX. There should be one more Token Sale (30M) when the Prototype will be released somewhere in Q2 2018.
3. There is the Pizza Gateway behind the scenes.
4. You are welcome! But don't invest more than you can afford to lose.
If you're keeping your savings in BTC, possibly would be better to wait until June 27th, claim you Lumens and only then invest to OAX.
Possibly OAX will be still available.
https://www.stellar.org/blog/bitcoin-claim-lumens-2/
5. Yes, there was a very successful Pre-Token-Sale. The price was the same.
