Hi,
First of all the project seems to be really interesting and ambitious even for me who is completely new for cryptocurrencies and blockchains. I am going to buy OAX with a goal to get some more return in future, but before doing that I have to understand is there any prospect that OAX will rise in price in future. I would be grateful if you could answer those.
1. What do I get except voting privileges as an owner of OAX tokens?
2. I have read the whitepaper, as far as I understood I cannot sell OAX tokens and it can only be exchanged? What does it mean?
3. Maybe that question to the community, do you think that the price of OAX tokens may rise in price in future if the project is successful?
I am sorry if my questions seems to be dumb or newbie
I got to know about openanx just yesterday
First of all the project seems to be really interesting and ambitious even for me who is completely new for cryptocurrencies and blockchains. I am going to buy OAX with a goal to get some more return in future, but before doing that I have to understand is there any prospect that OAX will rise in price in future. I would be grateful if you could answer those.
1. What do I get except voting privileges as an owner of OAX tokens?
2. I have read the whitepaper, as far as I understood I cannot sell OAX tokens and it can only be exchanged? What does it mean?
3. Maybe that question to the community, do you think that the price of OAX tokens may rise in price in future if the project is successful?
I am sorry if my questions seems to be dumb or newbie
I got to know about openanx just yesterdayHey mattz098, no your questions aren't dumb at all.
Let me try to answer... OAX tokens gain access to voting privileges, as discussed. This allows you to have a say in the future direction of the platform. In the future, this may provide other benefits, but this is still in concept phase.
Memberships can be swapped, certainly. Whether or not tokens can be traded is really out of our hands.
Last, I can't predict the future, nor do I want to be seen building hype. If you like the project, concept stage is a good time to get involved. A lot of people understand what we are trying to do with the platform and want to get involved now. Likely when the prototype is deployed and woking, people who find the whole thing theoretical now will likely feel more confident with something concrete. It depends on if you are excited by the idea.
so the only value holding a token bestows is the ability to vote?
Is the token necessary for the openanx network to function? In other words do people need to buy the tokens to make use of the decentralised exchange?
Hi titan20, we want to make the platform open to everyone, to speed adoption. We also understand that for the platform to be viable, there will need to be some access fee. As such, we will have a nominal fee to use, currently we like using something like "The Economist" magazine's "Big Mac Index" or something similar. Hope that answers your question.
