Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 121. (Read 135479 times)
June 08, 2017, 01:36:21 AM
It's a very big project . What is the minimum and maximum investment amount ?
June 08, 2017, 01:29:35 AM
How is openANX different?
I posted this blog over on Medium, but a lot of the questions were coming from here, so I thought I would share it here as well.
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. As you can see from even this incomplete list, the move toward DEX’s is significant, and sustained. While I am no expert in all these platforms, I’ve gathered some info to do some initial comparative analysis, and from this, we can draw a few conclusions.
The first thing to understand is that in any transaction, the Asset Gateway will only hold a single set of keys, rather than both crypto and fiat keys. If a user wishes to move ETH to BTC, then the Gateway will hold BTC keys, if the user is changing crypto to cash, the Gateway will hold the cash. In both the above cases the asset held by the Gateway will be secured by the Collateral they have posted to the blockchain(More on this later). At no time will any part of the platform or Gateway service provider hold both keys. This is the critical difference between Decentralized and centralized exchanges.
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
I’ll spend some time talking through each of these.
First, I’ll talk about Credit Risk. If you consider the non-crypto financial markets, in most of the large banks and trading houses that run trading desks (who may take long or short positions on various stocks and commodities.) These organizations will have a credit desk,
Who’s job it is to evaluate counterparty risk. The opposite party in every trade or transaction must be considered for its potential to default. By considering available information about the borrower or bond issuer, the credit desk can find an objective measure of the likelihood of default and the potential downside risk. They can only do that by evaluating the other parties assets, liabilities, and other factors.
This does not exist in the crypto-world. Until openANX. By asking Asset Gateways to post collateral onto the blockchain in ETH and issue fiat tokens for different currencies onto the blockchain rather than simply hold IOU’s, openANX creates an objective yardstick whereby users can compare exchanges by more than just price and volume. By having Gateway A vs. Gateway B USD tokens freely tradeable, the reputation and effectiveness of gateways are being evaluated in real-time by the community.
In essence, this creates new credit markets and new liquidity for participants to trade in.
To understand the second unique difference of the openANX platform, it is necessary to understand the key complaint about current DEX. Many users talk about the speed and security of these platforms, but lament the lack of liquidity and trade volume. The reason for this is many traders and users like to be able to recognize market gains quickly, and in cash. In the DEX space, very, very few decentralized projects have decided to consider providing Asset Gateway services, and if they do, they provide a single exchange channel, with no competition on rates or fees. OpenANX is a real-world application of DEX technology because we recognize that users want the option to bring assets and cash on and off chain. To provide greater competition, and hence better service for participants, we will bring together existing centralized exchanges via a consortium and allow them to integrate into the openANX ecosystem. Each Asset Gateway will offer a collateralized deposit onto the blockchain, held in a smart contract. The amount of this collateral will be transparent and will allow users to more effectively evaluate the risk of interacting with a particular Gateway.
By working with existing exchange providers and decentralized platforms to integrate and by migrating the ANXPRO user base to the openANX platform, the openANX platforms enters the market with a ready-made user base. The platform will launch with sufficient users to overcome one of the major challenges facing existing DEX, that of having enough trade volume, or liquidity.
Many DEX projects contain exceptional technical developments, new specifications or functionality that the wider community greatly anticipates. Many of these projects are developed purely from the perspective on technical excellence, with little actual business understanding by the project team of how to run and exchange, how to build or maintain the network of relationships to be successful in the space. ANX International is the keystone backer of the openANX platform. ANX International runs one of Asia’s oldest exchanges. They are well known in the industry, with a large base of users and contacts in the community. They have a successful business providing blockchain services to companies worldwide, and have one of the largest and most experienced blockchain and DLT development teams in the world. In addition, openANX has a team of advisors who are well known in the industry, from [Suspicious link removed]panies, from the mining consortiums, and from the wider community, from the US, UK, China and elsewhere. By bringing this exceptional team of some of the industries brightest minds together, the openANX project has a wide network of contacts and partners to help drive adoption and growth. This allows for a large and robust network of committed users who will use the platform, exponentially increasing liquidity and hence trade volume.
Hopefully this post has answered some of the major questions of comparison and outlined openANX’s competitive advantage. For further information,
Bitcointalk ANN: https://bitcointalksearch.org/topic/annoax-openanx-real-world-application-of-decentralized-exchanges-1943946
Bounty ANN: https://bitcointalksearch.org/topic/active-bountyann-oax-real-world-application-of-decentralized-exchanges-1947373
Website (includes FAQ, white paper): https://www.openanx.org/
Twitter: https://twitter.com/OAX_Foundation
Medium: https://medium.com/@OAX_Foundation
Reddit: https://www.reddit.com/r/OpenANX/
WeChat code: http://i.imgur.com/1JnIk3q.png
I posted this blog over on Medium, but a lot of the questions were coming from here, so I thought I would share it here as well.
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. As you can see from even this incomplete list, the move toward DEX’s is significant, and sustained. While I am no expert in all these platforms, I’ve gathered some info to do some initial comparative analysis, and from this, we can draw a few conclusions.
The first thing to understand is that in any transaction, the Asset Gateway will only hold a single set of keys, rather than both crypto and fiat keys. If a user wishes to move ETH to BTC, then the Gateway will hold BTC keys, if the user is changing crypto to cash, the Gateway will hold the cash. In both the above cases the asset held by the Gateway will be secured by the Collateral they have posted to the blockchain(More on this later). At no time will any part of the platform or Gateway service provider hold both keys. This is the critical difference between Decentralized and centralized exchanges.
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
I’ll spend some time talking through each of these.
First, I’ll talk about Credit Risk. If you consider the non-crypto financial markets, in most of the large banks and trading houses that run trading desks (who may take long or short positions on various stocks and commodities.) These organizations will have a credit desk,
Who’s job it is to evaluate counterparty risk. The opposite party in every trade or transaction must be considered for its potential to default. By considering available information about the borrower or bond issuer, the credit desk can find an objective measure of the likelihood of default and the potential downside risk. They can only do that by evaluating the other parties assets, liabilities, and other factors.
This does not exist in the crypto-world. Until openANX. By asking Asset Gateways to post collateral onto the blockchain in ETH and issue fiat tokens for different currencies onto the blockchain rather than simply hold IOU’s, openANX creates an objective yardstick whereby users can compare exchanges by more than just price and volume. By having Gateway A vs. Gateway B USD tokens freely tradeable, the reputation and effectiveness of gateways are being evaluated in real-time by the community.
In essence, this creates new credit markets and new liquidity for participants to trade in.
To understand the second unique difference of the openANX platform, it is necessary to understand the key complaint about current DEX. Many users talk about the speed and security of these platforms, but lament the lack of liquidity and trade volume. The reason for this is many traders and users like to be able to recognize market gains quickly, and in cash. In the DEX space, very, very few decentralized projects have decided to consider providing Asset Gateway services, and if they do, they provide a single exchange channel, with no competition on rates or fees. OpenANX is a real-world application of DEX technology because we recognize that users want the option to bring assets and cash on and off chain. To provide greater competition, and hence better service for participants, we will bring together existing centralized exchanges via a consortium and allow them to integrate into the openANX ecosystem. Each Asset Gateway will offer a collateralized deposit onto the blockchain, held in a smart contract. The amount of this collateral will be transparent and will allow users to more effectively evaluate the risk of interacting with a particular Gateway.
By working with existing exchange providers and decentralized platforms to integrate and by migrating the ANXPRO user base to the openANX platform, the openANX platforms enters the market with a ready-made user base. The platform will launch with sufficient users to overcome one of the major challenges facing existing DEX, that of having enough trade volume, or liquidity.
Many DEX projects contain exceptional technical developments, new specifications or functionality that the wider community greatly anticipates. Many of these projects are developed purely from the perspective on technical excellence, with little actual business understanding by the project team of how to run and exchange, how to build or maintain the network of relationships to be successful in the space. ANX International is the keystone backer of the openANX platform. ANX International runs one of Asia’s oldest exchanges. They are well known in the industry, with a large base of users and contacts in the community. They have a successful business providing blockchain services to companies worldwide, and have one of the largest and most experienced blockchain and DLT development teams in the world. In addition, openANX has a team of advisors who are well known in the industry, from [Suspicious link removed]panies, from the mining consortiums, and from the wider community, from the US, UK, China and elsewhere. By bringing this exceptional team of some of the industries brightest minds together, the openANX project has a wide network of contacts and partners to help drive adoption and growth. This allows for a large and robust network of committed users who will use the platform, exponentially increasing liquidity and hence trade volume.
Hopefully this post has answered some of the major questions of comparison and outlined openANX’s competitive advantage. For further information,
Bitcointalk ANN: https://bitcointalksearch.org/topic/annoax-openanx-real-world-application-of-decentralized-exchanges-1943946
Bounty ANN: https://bitcointalksearch.org/topic/active-bountyann-oax-real-world-application-of-decentralized-exchanges-1947373
Website (includes FAQ, white paper): https://www.openanx.org/
Twitter: https://twitter.com/OAX_Foundation
Medium: https://medium.com/@OAX_Foundation
Reddit: https://www.reddit.com/r/OpenANX/
WeChat code: http://i.imgur.com/1JnIk3q.png
June 08, 2017, 01:11:28 AM
The market of the future will be a project that I think will be very good .
June 07, 2017, 05:53:50 AM
I still haven't recieved confirmation as to whether ive been accepted into the sig campaign, Is this done every few days?
Hi Godda04, this is Liam, I'm the Head of Marketing, amongst other hats. You are in, I can confirm.
To add to this point:
All bounty participants, you can view your acceptance by viewing the spreadsheet of each campaign.
Signature campaign is being updated regularly
Twitter has reached the cap and all participants are accepted.
Blog and media is still under review
Most translation positions have been filled
Community management is still open for applications.
Your team member 'Jehan Chu' looks like 'Jihan Wu'.
Are they brothers ? Or something like that.
June 07, 2017, 05:30:07 AM
I still haven't recieved confirmation as to whether ive been accepted into the sig campaign, Is this done every few days?
Hi Godda04, this is Liam, I'm the Head of Marketing, amongst other hats. You are in, I can confirm.
To add to this point:
All bounty participants, you can view your acceptance by viewing the spreadsheet of each campaign.
Signature campaign is being updated regularly
Twitter has reached the cap and all participants are accepted.
Blog and media is still under review
Most translation positions have been filled
Community management is still open for applications.
June 07, 2017, 04:52:45 AM
I still haven't recieved confirmation as to whether ive been accepted into the sig campaign, Is this done every few days?
Hi Godda04, this is Liam, I'm the Head of Marketing, amongst other hats. You are in, I can confirm.
An interesting program! Two question for the crowdsale:
1) Is there any early-bird bonus?
2) When the OAX coins can be traded and if there is any exchange platform for this coin？
Hey gomei, there is no early bird, at this stage it is just bird.....Tokens may be hard to get
The coins will list 1 week after the token sale closes, if it runs the full month, that would be 21st July. They will therefore list around 29 of July on the first exchanges.
Hope this helps.
legendary
Activity: 1680
Merit: 1010
Professional Native Greek Translator (2000+ done)
June 07, 2017, 04:24:56 AM
The Greek translation is here
https://bitcointalksearch.org/topic/m.19414239 (Completed June 7)
And the whitepaper is here
https://drive.google.com/file/d/0B_OM-wyiCxmRa3VUM1hoWW4yUTQ/view?usp=sharing (Completed June 13)
Good luck to your project guys.
https://bitcointalksearch.org/topic/m.19414239 (Completed June 7)
And the whitepaper is here
https://drive.google.com/file/d/0B_OM-wyiCxmRa3VUM1hoWW4yUTQ/view?usp=sharing (Completed June 13)
Good luck to your project guys.
June 07, 2017, 03:55:16 AM
very nice project. it's not too popular for him can be lucrative. respondents were very lucky I think. I'm going to join the campaign on Twitter and their blog. good luck team. I'll be watching.
June 07, 2017, 02:05:10 AM
15 days left, I sure this project will successfull, I see from the team is very profesional. With new concept I sure this project will easy to receive in the market. Good luck dev.
June 07, 2017, 12:38:55 AM
hello dev/manger..
i like the concept of you project..
by the way, i would like to know if do you have an escrow for this? and what is the market cap that is need to be reached?
regards
i like the concept of you project..
by the way, i would like to know if do you have an escrow for this? and what is the market cap that is need to be reached?
regards
June 06, 2017, 11:48:41 PM
what is the target? how much $$$?
30,000,000 ANX coins for sell (0,75$ for one ANX) it is 22,500,000 $.
According to the ANX Marketing:
On the Token sale, we have 30,000,000 tokens for this sale at .75 cents (equivalent) in ETH. That makes the list pricing of all tokens and hard ceiling $22.5 million USD
Edit:spelling
It is not true. The tokens for this sale will be sold at .75 cents (equivalent) in ETH, instead of $0.75. So, the list pricing of all tokens is $22.5 million USD, rather than 22,500,000 $.
what is the difference between $22.5 million USD and 22,500,000 $?
None I don't think, I assumed it was cultural. Hope it helped clarify it.
June 06, 2017, 10:11:38 PM
interesting project, Decentralized Exchanges is this means we can use exchange in our local device (desktop or mobilephone) and wallet stored in local device ?
how much price for 1 token?
Nice project, I think this project is different with anothers, work at #ethereum will make transactions faster and secure, can't waiting this coin available at myetherwallet. how much price for 1 token?
June 06, 2017, 05:56:56 PM
what is the target? how much $$$?
30,000,000 ANX coins for sell (0,75$ for one ANX) it is 22,500,000 $.
According to the ANX Marketing:
On the Token sale, we have 30,000,000 tokens for this sale at .75 cents (equivalent) in ETH. That makes the list pricing of all tokens and hard ceiling $22.5 million USD
Edit:spelling
It is not true. The tokens for this sale will be sold at .75 cents (equivalent) in ETH, instead of $0.75. So, the list pricing of all tokens is $22.5 million USD, rather than 22,500,000 $.
what is the difference between $22.5 million USD and 22,500,000 $?
June 06, 2017, 10:26:17 AM
An interesting program! Two question for the crowdsale:
1) Is there any early-bird bonus?
2) When the OAX coins can be traded and if there is any exchange platform for this coin？
June 06, 2017, 10:03:38 AM
hi, ANX Marketing, I have a question for this ICO. Is there any escrow for the ICO tokens?
June 06, 2017, 09:27:47 AM
‪Big shout out to SosoBtc! https://www.sosobtc.com/article/21447.html‬
Good article covering the project in China!
30,000,000 ANX coins for sell (0,75$ for one ANX) it is 22,500,000 $.
According to the ANX Marketing:
On the Token sale, we have 30,000,000 tokens for this sale at .75 cents (equivalent) in ETH. That makes the list pricing of all tokens and hard ceiling $22.5 million USD
Edit:spelling
It is not true. The tokens for this sale will be sold at .75 cents (equivalent) in ETH, instead of $0.75. So, the list pricing of all tokens is $22.5 million USD, rather than 22,500,000 $.
Thanks! Sorry posted from my phone. You are correct, $22.5 million USD is the hard ceiling. Also, the token is OAX, not anx
Good article covering the project in China!
what is the target? how much $$$?
30,000,000 ANX coins for sell (0,75$ for one ANX) it is 22,500,000 $.
According to the ANX Marketing:
On the Token sale, we have 30,000,000 tokens for this sale at .75 cents (equivalent) in ETH. That makes the list pricing of all tokens and hard ceiling $22.5 million USD
Edit:spelling
It is not true. The tokens for this sale will be sold at .75 cents (equivalent) in ETH, instead of $0.75. So, the list pricing of all tokens is $22.5 million USD, rather than 22,500,000 $.
Thanks! Sorry posted from my phone. You are correct, $22.5 million USD is the hard ceiling. Also, the token is OAX, not anx
June 06, 2017, 09:25:52 AM
what is the target? how much $$$?
30,000,000 ANX coins for sell (0,75$ for one ANX) it is 22,500,000 $.
According to the ANX Marketing:
On the Token sale, we have 30,000,000 tokens for this sale at .75 cents (equivalent) in ETH. That makes the list pricing of all tokens and hard ceiling $22.5 million USD
Edit:spelling
It is not true. The tokens for this sale will be sold at .75 cents (equivalent) in ETH, instead of $0.75. So, the list pricing of all tokens is $22.5 million USD, rather than 22,500,000 $.
June 05, 2017, 10:20:29 PM
interesting project, Decentralized Exchanges is this means we can use exchange in our local device (desktop or mobilephone) and wallet stored in local device ?
how much price for 1 token?
how much price for 1 token?
hi Fiki, yes, the key idea is that rather than handing over your crypto key for both fiat and tokens like you do on a centralized exchange, you only ever allow an Asset gateway to hold the keys to ONE type ofAsset. For example, if its an ETH to BTC Gateway, they hold BTC, if it's ETH to Fiat they hold the Fiat. This reduces risk significantly.
In addition, the platform solves the problem some other decentralized projects have by increasing the number of Asset Gateways available to users and adding "Gateway Collateral" so users funds are "secured" against the gateway in case of a hack or other issue.
The system will aim to integrate with all existing exchanges and decentralized platforms, increasing liquidity and transparency to all users.
If you'd like to know more, please check us out on r/openanx for more info.
June 05, 2017, 09:40:31 PM
interesting project, Decentralized Exchanges is this means we can use exchange in our local device (desktop or mobilephone) and wallet stored in local device ?
how much price for 1 token?
how much price for 1 token?
June 05, 2017, 08:40:16 PM
joined bounty twitter hopefull not be late
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