Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 117. (Read 134649 times)

New partnership and advisor news!
Check out our medium post -> https://medium.com/@OAX_Foundation/new-partnership-and-advisor-news-6c1d7211f90

Hi guys, thanks bitvoyager!

Technical white paper is released Wednesday and we'll put it out on the Slack channel first for subscribers. We'll post it to the website and to GitHub!

Hi  juicejoyce thanks for the note. Just to clarify, if the program runs through to the end (midnight July 21) that would be just shy of 7.5 weeks. If we finish early it will be around, 3-4 weeks at the earliest. If that is the case, we will round out the full week (for example if it's Monday we'll pay through to the end of that week) then close out.

Of course, if people go ABOVE and beyond in their help promoting the project, we may consider paying an extra week to those guys who we think did awesome work. I'll run it past AsiaNexgen to confirm, but that seems likely at this stage.

I have a question about the bounty campaign. The ICO starts at June 22nd, but the bounty campaign period is about 1 to 2 month. If the ICO tokens are sold out in a short time since it is a promising project. Will the bounty campaign ended in just after the ICO ended?

nice project and team. they do project management very good and fast update.

because they're a large team to success are continuing.

Stakes have been updated. You can check the list:
https://docs.google.com/spreadsheets/d/1gjOzsKO1TudeUx-cr9bNiCj0MSf2SwAVAEm50era6Y0/edit#gid=1657484316

How is openANX Different?

A lot of the community has asked us to explain the difference between openANX and
other decentralized exchanges out in the market, be it BitSquare, BitShare, Bancor, Raid-X, ShapeShift or others.

The three key areas that differentiate openANX for other platforms can be summarized as follows;
1) Credit Risk markets
2) Asset Gateways
3) Liquidity Aggregation

Read the new article on our Medium blog:
https://medium.com/@OAX_Foundation/how-is-openanx-different-cc5b214988dc

This is interesting idea to swap bitcoin and ethereum into fiat through this platform potentially it looking very promising project looking forward for more details about upcoming crowdsale hope you will provide best conversion with attractive bonuses.

I want to emphasize the quote ^^
The openANX platform gives you the information you need to price risk via our transparency model. People have different levels of risk tolerance. It is also possible on our platform, to register accounts on both Gateway A and Gateway B and start credit risk trading.

vuvanle120! Thanks for the support!

Yes, we are very focused on this project and we will work hard to deliver! It helps that many of our team have been working in exchanges and development for years and are aware of the challenges that face projects of this scope. This is what separates us from other "idea only" projects out there.!

Hi Satria33, Thanks for your interest in openANX...yes, campaign is closed

Sorry!

Am i late to participate twitter bounty campaign 

Hi JWH007 (and janpec1000 who upvoted) sorry for the delay coming back to you, I had to check some details with . a few guys on the team who were travelling over the weekend. It's more than one question, so I'll answer them below in order. If I miss something, please tell me and I will come back to it in a follow up post.

In the case of exchanges eroding their user base, it's a valid point. The first thing to keep in mind is that we think the system is better, and here's why....In the centralized model you relinquish custody to all your assets, in the case of openANX you don't surrender your keys to your ERC20/ETH tokens at all.

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.

Lastly on this point, the barrier to entry for new gateways drops to near zero. By providing the Matching Engine and the infrastructure solution, it becomes simple for new service providers to become asset gateways, as long as they are able to post collateral.

This drives competition and aggregates liquidity across the platform. As liquidity grows the centralized exchange legacy revenue from opaque matching will become less material.

I'll answer credit markets in the next post.

this is promising project for near future I will keep an eye on this

Hi Frankkkk, AsiaNexGen will be counting this first thing this morning (we are in Hong Kong) as soon as he gets it done we'll let you know.

Hi again Coinnosaurus, sorry I answered in the wrong spot!

We are definitely open sourced, our philospohy and thinking reflect that. Our Smart Contract work is up over on GitHub under BokkyPooBah (Who runs Cryptoderivatives.net) and I personally registered the openANX account over there. Our technical paper is written ( I read V3 last week, V2 the week before and V1 some time before that) and is currently under review by a bunch of people in the industry, (like Consensys, BitBot and others) As the time comes that we want to get the community involved in review, we'll definitely post this stuff up.

Thanks again for your interest.

Thanks Kubra!

Turkish ANN Thread and Bounty Thread are ready:  https://bitcointalksearch.org/topic/annoax-openanx-merkezi-olmayan-borsalarn-gercek-dunya-uygulamas-1962382

Turkish white paper will be ready soon!

Cheers!