Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 13. (Read 135374 times)

Dear community members,
We are very excited to announce that OAX Foundation has released the code for its Layer 2 Exchange (L2X) protocol today, marking a significant achievement and completion of a major milestone for us.

Additionally, the release is being made open source under the MIT license, allowing the community to examine and develop the code further.

“The release of the code for our trustless, non-custodial exchange protocol brings our vision of digital asset trading in the mainstream closer to reality.  The breakthrough it makes in dispute resolution is a major step forwards for the industry, and open sourcing it reflects our commitment to sharing our achievements with the wider community.” – Amanda Liu, General Manager of OAX Foundation.

The code can be accessed via the OAX Foundation GitHub page.

Full Writeup on the Release: bit.ly/OAXL2XProtocol

OAX Foundation GitHub page: https://github.com/OAXFoundation/l2x-trustless-exchange

Please share the news out and let us know what you think. Questions are welcome!

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Mark your calendars, we will be hosting our next AMA (Ask-Me-Anything) session on Reddit on the 3rd of September! Here's your chance to ask our team any of your burning questions while standing a chance to WIN some OAX tokens.

Details of the AMA:
Date: 3/9/2019
Time: 10am HKT 3/9/2019 - 10am HKT 4/9/2019 (24 hours only!)

All questions are welcome, but as we released the code of our Layer 2 Exchange (L2X) Protocol this week, now will be a good chance to bring up any questions regarding the announcement. We also recently released our technical paper setting out the technical specification of the L2X protocol, and questions regarding the paper are also welcome: http://bit.ly/EnumaOaxPaper

We'll be hosting the Q&A session alongside our development partners, Enuma Technologies.

Looking forward to hearing from all of you!

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Towards the end of last month, the UK’s Financial Conduct Authority issued a policy statement on crypto assets, containing its final guidance on what falls under its jurisdiction. The document is significant as it provides some of the most wholesome guidance to date by a regulator; the guidance does not represent new law or regulation, and is instead a statement on how and where the regulators considers the new digital assets market market sits within existing legal and regulatory frameworks.

Read our more detailed writeup on the guidance here: bit.ly/StepsCryptoRegulation

We look forward to seeing more steps towards regulation coming from around the world, and we are committed to playing apart in fostering such discussions that will help create them.

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Hi community members,
As announced earlier, our upcoming AMA (Ask-Me-Anything) session will be held on the 3rd of September on our Reddit page. We're also excited to let you know that a total of THREE winners with the best answer selected by the team will be given *50 USD* worth of OAX tokens each!

AMA Details:
Date: 3rd of September 2019
Time: 10am HKT - 10am HKT, 4th of September - 24 hours only
Where: reddit.com/r/OpenANX/

---

We've recently announced the release of the code of our Layer 2 Exchange (L2X) protocol. With this release, one of the major objectives we set out to achieve in our project has been completed, and it's definitely an exciting milestone for us.

If you're a tech developer and looking to test out our code, here is a step-by-step video demo which will guide you through connecting to a test exchange: https://youtu.be/t6o-H_zHjSU

You are also welcome to join our Discord community which is more tech-centric at: http://bit.ly/OAXDiscord

If you have any questions at all relating to our protocol, remember to join our upcoming Reddit AMA session on the 3rd of September (10 am HKT)! We'll be selecting the three best answers who will WIN USD 50 worth of OAX tokens each.  We look forward to your participation.

New website is looking very nice and cool it have more informative links to get more information in details about the progress which made by the dev team. I hope in future you will achieve your target on time and will make this project more great.

Got it, thanks for pointing this out

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Hi community members,

Our tech development partners, ENUMA Technologies, has just released a blog post discussing the fundamentals of how order cancellation in a trustless setting works. This might be useful for blockchain and tech enthusiasts who have been asking us about our Layer 2 solution.

Do read our summary writeup here: http://bit.ly/trustlesssettingOAX

As mentioned in our last community update, we’ll be publishing more tech development updates along the coming weeks. We hope you’re as excited as we are!

All comments and questions are absolutely welcome.

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Last week, Singapore-based exchange Bitrue was hacked and lost around USD 4.2 million worth of assets. While the prompt follow-up actions taken by the exchange were commendable, it still raises the question: Will centralized cryptocurrency exchanges always be vulnerable to hacks?

Unquestionably, such hacks pose a roadblock for the digital asset industry to move to the mainstream. In our latest writeup, we discuss this threat and how a trustless system can be a solution to the issue.

Link: Bit.ly/HackedOffHacking

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We’re honored to be attending @RISE Conference this week in Hong Kong, one of the world’s biggest tech + startup conferences as guests of our partner, Blockpass – one of the many benefits of all the great partnerships we’ve been fostering this year.

It was definitely an exciting day at RISE, with useful talks and excellent networking opportunities. The conference also had a Women in Tech lounge, which provided a dedicated space for professional women to make connections, all part of helping encourage the rise of women in the blockchain and wider tech community - a movement we wholeheartedly support!
   
Overall it was a day well spent and we would like to extend our appreciation to our partner, Blockpass, for inviting us.  If you’re at RISE over the next few days and bump into any of our team members, please don’t be shy but make sure to come up and say hi!.

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The V20 Osaka Virtual Assets FATF Summit was held in Osaka on 28-29th June, with the focus of the summit being education and the concerns surrounding the implementation of the recent FATF VA requirements.

Here are @HughMadden’s in-depth insights and key takeaways on the summit: bit.ly/HughMaddenV20Takeaways

#OAX #Transparent #Decentralized

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Just last week, our General Manager Amanda Liu and Tech Director, Wayland Chan, headed to Chengdu, China to attend one of the Polkadot Network’s tour stops in China. The team was there to get firsthand insight of the new developments within the Polkadot project while touching base with the crypto startup scene in China.



Just some background on the Polkadot Network tour: Dr Gavin Wood, Co-Founder of Ethereum and now the architect behind the Polkadot Network and Dr. Alistair Stewart from the Web3 foundation have been touring cities in China to speak about the current state of the Polkadot Network and the upcoming Kusama network.

We definitely had a fruitful trip and our Tech Director, Wayland, has written a post about the trip and key learnings / takeaways from the event here: http://bit.ly/OAXPolkadotnetworkCN

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Hi community members,
In a blink of an eye, August is here. In our June newsletter, we mentioned that we’ll be updating the community regularly on our project’s progress.

We’ve summarised our updates for July, you can go through the month’s community updates here: http://bit.ly/OAXJulyCommunityUpdates

We expect this month to be an exciting one. Watch this space!

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A recent research led by Totle, a firm specializing in decentralized liquidity, has revealed that the monthly trading volume on decentralized exchanges tripled from January to June, showcasing an increase in both popularity and confidence in the system.

This is great news for us at OAX Foundation as it also shows the potential of our work, which aims at solving some of the most significant challenges holding back the decentralized ecosystem and blockchain.

Read our writeup on the research here: bit.ly/DEXGrowthReport[/b]

Stay tuned for exciting announcements coming your way, and we will be announcing the date of our next AMA soon as well!

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We are very excited to present to you our newly revamped website, which is now LIVE! This is one of the things the team has been hard at work on.
Our new site was designed by our tech team with a sleeker, more minimalist look in mind.

One of the main new features in our site is the 'News' section - we plan to update our project updates and writeups in this space in the future.

Please head on over to www.oax.org and do feel free to share it out.

We have development updates in the pipeline too - watch this space. Thank you for being a part of our journey!

Hi, can you please correct the website URL in the first page ? It is linked to https://oax.org/en/ wich is, i guess, no more available. That way, newcomers will have access to website directly

The next step in regulation of digital assets is now taking place as on Friday, the Financial Action task Force (FATF) released a new guidance paper, which covers digital assets and digital asset service providers. The paper is set to become part of the FATF Standards, which most of the world’s financial centres will abide by.

This was greatly acknowledged by G20 Finance Ministers in its commitment of providing growth whilst preventing downside risk towards the financial system and broader economy.

It may take time, but with developments such as this new level of regulation brought into play, it may signal the beginning of major growth in the digital asset industry and bring financial, technological and operational impact in this space.

Read our post, written in collaboration with our partners, BlockpassOrg, here: http://bit.ly/FATFG20BlockpassOax

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Much of the recent hype across mainstream and blockchain media has been surrounding Facebook's announcement of their ambitious Libra project. While we at OAX Foundation are supportive of institutions' foray into blockchain, increasing awareness and potential for mass adoption, we have also identified a few concerns on the project.

Facebook, having control over data, coupled with the Libra project - may potentially cause it to have too much dominating power and control, which goes against the fundamental values of decentralisation and transparency.

We explore the 6 main queries and the impact they'll have on the industry in a detailed analysis by Raphael Tressieres, our Business Development Director and General Counsel Paul Li: http://bit.ly/oaxlibra

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Wow, time flies, it’s already June! The first half of 2019 has been both critical and exciting for the OAX tech team. The team, spearheaded by our technology director Wayland Chan, has been working tirelessly over the past 6 months to refine and develop our Layer 2 technology.

That’s not all – we have also other recent updates released in June, and have wrapped everything up in our June community update writeup here: http://bit.ly/OAXJuneUpdates

In a nutshell, June has definitely been a fruitful month for the team. We look forward to sharing more milestones and progress with you as we press forward towards our goals. Please stay tuned! 

What a good news from oax and for crypto world too. More and more company are working with crypto assets

While it’s very common for us to receive questions regarding the rise and fall of token pricings and market movements, we want to highlight the potential of digital assets and our industry at large – which brings about many benefits, including transforming the banking system, social media, and even in social welfare - that may be obscured by the usual focus on price movements.

One example of digital assets’s impact on social welfare would be the city of Belfast in Northern Ireland’s recent announcement of the launch of their token. The fundamental use case of the coin is to make a positive contribution towards Belfast’s economic growth and environmental goals.

We believe in the benefits and positive impacts that #digitalassets can bring across various industries, and we are passionate about bringing this ecosystem to the mainstream.

Read our latest insights here: http://bit.ly/DigitalAssetsGreaterGood

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Hi community members,



Our partners at Enuma Technologies have recently published a blog post in relation to one of the technical aspects behind our project, and apart from this, the Enuma team is also putting together a very detailed paper explaining the Layer 2 solution that powers our platform.

Read our updates on Medium here: http://bit.ly/EnumaUpdates

We hope you're as excited as we are! Do stay tuned.

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It’s definitely an exciting time for OAX Foundation! Our core team has recently met with our development partners, ENUMA Technologies, and we’re happy to announce that the paper we’re working with them that details our Layer 2 solution will be released very soon.




The team is also hard at work on a number of updates in the pipeline - we are thankful for the support thus far, and please stay tuned.

Read our latest Medium post on our upcoming updates here: http://bit.ly/OAXExcitingTimes

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We've recently promised the release of a paper detailing the technical specification of the L2X protocol and we're excited to announce that it is released!

The paper is written in collaboration with our tech partner, Enuma Technologies, and we hope that it will explain to our community members and supporters how our protocol works in detail, be it as a blockchain enthusiast or even if you wish to potentially implement it.

Link to Medium Writeup: http://bit.ly/EnumaOaxPaper

Link to the paper: https://github.com/OAXFoundation/l2x-trustless-exchange/blob/master/docs/l2x-specification.pdf

We understand that it's quite a read, but we welcome all questions and will be hosting another AMA session soon!

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Global consulting firm PwC has recently announced the launch of a new tool for auditing digital asset transactions. This new feature is part of its Halo data auditing suite and will provide assurance service to clients transacting in crypto-assets such as Bitcoin, Ethereum and also OAX tokens!  We are very pleased that the OAX token has been chosen as one of the tokens supported by PwC's new digital asset auditing tool.

As we progress further in the digital asset industry, we admire and support firms such as PwC that work hard to digitize themselves and keep up-to-date with the technological changes of the market. Auditing digital assets has been a challenge in the blockchain ecosystem and with PwC's new endeavour, we see a means for overcoming that hurdle in the coming future, marking growth for the ecosystem at large.

Read the PwC announcement here: https://press.pwc.com/News-releases/pwc-launches-solution-supporting-audit-of-cryptocurrency/s/5e3ec5e1-0cf3-4a75-b5af-4f9d23402e88

openANX/Bitcoin (17 May) #OAX $OAX #BTC $BTC: https://www.publish0x.com/cryptostation/openanxbitcoin-17-may-oax-oax-btc-btc-xxoqyp

It clearly says the 14M tokens allocated to the advisors was unlocked. What that means is that the advisors have full access to do with them as they please. Whether they went to market or remain sitting in their private wallets is not a responsibility of the Foundation's to track. You asked a legitimate question about why the market cap has increased suddenly and it's been answered.

It then says that the remaining 26M is still locked (as per the ICO allocation plan) until June 22, 2019. But you're so obtuse that you ask if these coins have 'gone to market'.

If you care so much about where every single token from the ICO went (to market or not), go to the blockchain and find out yourself. If you don't know how to, spend less time trolling and Google the answer.


We get it, you're pissed off and have nothing better to do than troll here. If you dislike the project, move on and try doing something more productive with your life.

IS IT A SECRET?
WHY DARE NOT GIVE US AN ANSWER?

Apart from my above questions, please also specifically tell us the actual number of OAX coins that are currently circulated in the market.

         Hi Svitan,

         We understand market conditions might be frustrating sometimes, but it is beyond our (or, indeed, anybody's) control.

         If you have any constructive, rational feedback on how we could better, you're more than welcome to join our Discord for technical discussions.

         Discord: discord.gg/ZH5YHkb

         Thank you for your support of OAX Foundation!

You should know that OAX has given up the development of platform as committed in the white paper.  With such a failure, there is no value for the OAX token anymore except for speculative purpose.

All of you should know that OAX token is not a stock, which can share the profit of the company.  It is true that OAX had done a lot of things (most of them are useless in my opinion), but all of them has no relationship with the use of the token and you should not feel surprised that there is no reaction with the token price. 

If you are clear-minded, you should discover that this company skips all the questions relating to the token in this forum. 

If you are still holding this rubbish token, I strongly suggest you to sell it and put the money to Bitcoin. Don't believe the 'beautiful' picture described by OAX, or you will deeply regret.

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Approaching historical low against BTC.

OAX management should feel ashamed of themselves.

         OAX Foundation believes that crypto-custody is one of the crucial parts to move
         digital asset adoption towards the mainstream.

         Read our reflection on recent incidents here:
         http://bit.ly/2vzS5Qh


         #Open
         #Transparent
         #Decentralized

This is great news! I congratulate the project team and community on new partnerships! The only pity is that the price did not respond to the news.

         


         OAX Foundation is delighted to announce the partnership with Blockpass IDN
         and move forward towards a healthy regulated environment for mainstream digital asset adoption!

         Read our partnership announcement here:

         http://bit.ly/2W7UDkk

         #Open
         
#Transparent

         #Decentralized

         #HoldYourOwnKeys

         #Trustless

I personally hold this asset because I believe in its prospects. the price of this coin has fallen, not because this token is bad, but because the entire market is in decline.

Curious to know whether you still hold OAX?

What is your feeling now? Feel being cheated by OAX ?

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Your answer is not clear enough to clarify our doubt
For the 14M advisor coin and the 26M outstanding coin, did they go.into the market? If yes, when, ; f no, what is the schedule.

It sure will, but I doubt that the price will be 2 dollars. I think that even dex exchange release wont pump price to 2$. Only a high BTC price can pull OAX price over 1$.

I remember when this coin was worth almost 2 dollars. and I have not sold it. now it costs almost 10 times cheaper, but I believe that the price will return to maximum values.

         Hi Svitan,

         Please accept out apologies for the delay in replying.

         This is an update that we've been requesting be made on the CoinMarketCap website for some time now (note that CMC can take upwards of 6 months to update such data,
         and has its own specific methods of token supply calculation).

         The increase in the market cap is NOT the result of an additional sale.

         If you refer to the white paper, you'll see that we have tranches of coins which are locked for different periods (1 year and 2 years).
         The updated figures reflect the airdrop and the fact that various portions of coins have now been unlocked as per the white paper and CMC's own approach to token supply calculation.

         Here's an overview of how the number of tokens is made up of:

         25M (first sale)
         +
         5M (airdrop)
         +
         14M (advisor coins unlocked after 1st yr, June 2018)
         +
         30M (additional token sale which never happened but are unlocked and in the Foundation Treasury)
         
         gives us 74M total but CMC has their own way of calculating and came up with the 69M you see now.

         The outstanding 26M (according to our calculations, not CMC's) will be unlocked this coming June 22, 2019.


         Thank you for supporting OAX!