Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 19. (Read 135374 times)

Sounds so appealing, I will go to bitmart.com.

Hi all, I would like to catch a proposal for bounty hunter.

Exchanges will play a very important rule in the future economy when a lot of things are going to be tokenize.
Humans are rewriting processes using decentralized technology to make them more affordable, secure and justly. In future decentralized economy exchanges will be as important as banks, and may be some day they replace banks.
Current centralized exchange suffer from their central nature, and dex ones are slow, and expensive.
Hope this project makes ultimate success utilizing more advanced technology.

Hi rafzalan, the team is concentrated on developing the prototype.
You can check it here: https://dex.demo.oax.org/#/
The platform should be launched in 2019: https://www.oax.org/assets/brochure/OAX_Brochure_ENU_V2.0.pdf 
Thanks for the interest to the project.

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Cryptocurrencies and Blockchain — the Bigger Picture


In the first of a three part series examining the current state and future direction of cryptocurrencies, our General Manager, Amanda Liu, takes a look at the bigger economic picture for crypto projects.


By Amanda Liu, General Manager, OAX Foundation

In October the Financial Action Task Force (the organisation tasked with combatting money laundering) looks set to introduce a global set of standards for cryptocurrency anti money laundering controls. The G20 had asked FATF to address this issue as they increasingly view the lack of consensus on the subject as a threat to financial stability.

Countries like China and South Korea have been imposing restrictions on the sector over this year,and other jurisdictions are working out their approach to regulation.

These developments are all set against a backdrop of falling Bitcoin prices and wider economic uncertainty. While the US stock market might be hitting fresh records, the impact of the US/China trade war is still far from clear. Over in Europe, Brexit and the chance of the UK crashing out of the European Union without a deal are looming large in investors’ thoughts.

The technology sector is not going to be immune from this. Over the past few years, innovation, particularly in finance, has been the trend to follow with a multitude of start-ups offering a new take on practically every part of the industry. Blockchain projects in particular have become the star of the show or — depending on who you talk to — the villain of the piece. Many people are predicting a tech bubble similar to the one which burst in the dot com era nearly twenty years ago.

To those of us working in the industry, however, the picture is much more nuanced. Over the next few years we’ll undoubtedly see some big changes in the structure and make-up of the cryptocurrency sector. Increased regulation and a more uncertain economic environment will combine to make life difficult for many firms, who will choose to turn their attention elsewhere,
leaving their projects unfinished.

But blockchain, the technology underlying cryptocurrencies, is here to stay. Its potential to change financial services for the better is almost universally accepted. Just recently, the World Economic Forum issued a report saying how blockchain could help improve trade finance for small and medium sized enterprises by lowering barriers to trade. And the People’s Bank of China launched its own blockchain based trade finance initiative just a week or so ago.

These examples point to the fact that projects using innovations like blockchain to bring genuine benefits to the wider community will succeed where others fail. These projects are not interested in short term gains but are instead focused on building strong and sustainable products for the future.

That’s what we’re focused on doing at OAX Foundation. Regardless of the latest moves in the price of bitcoin or how regulations will eventually evolve, we are set firm on building a decentralized exchange platform that will bring stability, transparency and speed to cryptocurrency trading.


The full article on Medium: https://medium.com/@OAX_Foundation/cryptocurrencies-and-blockchain-the-bigger-picture-d98feee206fb

The official site:  https://www.oax.org/en/

What is the latest situation? Is a release date fixed? What about testing?
Swap on sidechain is wonderful, looks they want to do that.

Engaging the Wider Financial Community

Over the past months OAX Foundation participated in a couple of major events targeting the Hong Kong blockchain community. This week we decided to change things up and focus on promoting the project to the city’s wider financial and professional community.

This week our General Counsel Paul Li delivered another speech at a lunch-and-learn session to about 40 members of the Hong Kong Society of Financial Analysts, a local affiliate of the CFA Institute.

Building on the speeches he previously gave to the Law Society of Hong Kong and at the Finwise Conference, Paul again focused on the regulatory challenges involved in both centralized and decentralized models of digital asset trading.

Joining him at the stage was Ryan Rabaglia, head trader of OSL Ltd., Asia’s biggest digital asset brokerage, who gave the audience a comprehensive introduction to the latest development of the industry.

Engaging the wider financial community with these talks is a really important way to spread the word about what we’re doing. Educating them about the potential decentralized exchanges have and answering questions will help build confidence in the system.

The full article on Medium: https://medium.com/@OAX_Foundation/engaging-the-wider-financial-community-64cbaec3cb1f
The official site: https://www.oax.org/en/

I would like to hear from the developers of some news well, for example.".. we are now very busy working on the release of the exchange wait for news soon..." and so on but no they are silent as clams.

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OAX Foundation events targeting the Hong Kong blockchain community : https://medium.com/@OAX_Foundation/engaging-the-wider-financial-community-64cbaec3cb1f

just when they will launch the system and the project at full capacity, smart investors will massively buy. but so far everyone is waiting and careful. market for this moments continues to fall and many frighten new purchases. everyone prefers to stay either in bitcoin or in a tether and other stable coins.

Fully agree with you but still need to wait for the release of DEX OAX I think the cost of the token will be worthy.

Yes it is sad but this is how it works.

probably one of the most underestimated projects in the cryptoworld. when everything is fully functioning it will be an excellent project that will bring a lot of profit and profit. the main thing is to launch the advertising program with the main launch.

OAX working on are off chain atomic swaps using payment channels https://medium.com/@OAX_Foundation/tl-dr-atomic-swaps-cross-chain-swaps-on-chain-off-chain-f428512e1d2a

From the developers I would like more news is good and different and something like that quietly everyone is waiting for encouraging news.

Our Top Tips for Staying Secure

This adage is well known to investors in stock markets, but it’s worth bearing in mind in life generally — and especially when doing anything online. Scams have evolved fast to embrace digital, and unfortunately as a result we’re seeing increasing levels of fraud involving crypto markets and cryptocurrency products.

So it’s hardly surprising that the majority of people searching for advice about scams on the website of the UK’s Financial Conduct Authority are looking for help with digital assets. Scammers use social media to advertise their schemes, and even sometimes fake investment recommendations from famous business people or celebrities.

But of course social media is also used by legitimate firms like ours to update the community on their projects. So it can be hard to know what’s genuine and what’s not.

At OAX Foundation, we want to make sure everyone interested in the work we do keeps themselves as secure as possible from scams. We’re also all about promoting a safe and secure digital asset trading ecosystem. So here are our top four tips for staying safe and avoiding the scams:

1. Watch out for unverified social media accounts.

Always check that the links are verified by the company. For example, OAX’s official social accounts are these:

Website: www.oax.org
Twitter: twitter.com/OAX_Foundation
Medium: medium.com/@OAX_Foundation
Telegram: t.me/openanxteam and t.me/oaxcnt
Slack: openanx.slack.com
QQ: 651355919

2. Watch out for anyone promising high returns on digital asset trading.

Always be wary if you’re pressured to invest quickly or promised returns that sound too good to be true — they probably are!

3. Do research on the company and examine its background.

Make sure that the projects a digital asset claims to support are actually in existence. Whitepapers (like ours here) and project updates (like this one) will show you that the company actually does what it claims to do, and isn’t out to scam you.

4. Think twice and don’t be rushed into make an investment decision.

A genuine bank or financial organization won’t force you to make a financial transaction on the spot.


At OAX Foundation, we’re building a platform to offer a transparent, secure and fast way for everyone to trade digital assets.

The original article on Medium:
https://medium.com/@OAX_Foundation/our-top-tips-for-staying-secure-4dd0c35024fd

The very good project, a campaign to attract more rewards participants. I will follow and support the project. Wish success!

ETHIS 2018 | Ethereum Industry Summit - Scalability and Industry Integration

The OAX team would like to thank all of you for coming to meet us and we're very excited to have shared our project to so many of you!
It's been a fantastic day here at ETHIS HK 2018 and we look forward to seeing you all soon!

https://ethis.io/

The official site: https://www.oax.org/en/

Listing of course is good, but now much more important news on the launch of the oax exchange and around this exchange is now quite enough.

LATOKEN lists OAX

The announcement: https://latoken.zendesk.com/hc/en-us/articles/360015341972-LATOKEN-lists-OAX-OAX-

OAX on LATOKEN: https://wallet.latoken.com/market/Crypto/ETH/OAX-ETH

OAX on Coinmarketcap: https://coinmarketcap.com/currencies/oax/#charts

The official OAX site: https://www.oax.org/en

A Day with a VIP Discussing Our “Awesome” Work


Our partner Enuma Technologies hosted a blockchain VIP in their offices this week. Dr Patrick McCorry was the UK’s first PhD graduate in cryptocurrencies and has just been appointed an Assistant Professor at King’s College London. He is part of the team behind the Sprites technology that makes the OAX decentralized exchange platform different to all the others.

Patrick met with the Enuma team and Wayland Chan, the new Director of Technology at OAX Foundation, discussing the Sprites implementation on the OAX platform and sharing his views on why it’s so significant.

As we’ve described before, one of the main benefit of Sprites will be increased speed, finally making decentralized platforms able to cope with the transaction volume needed for a successful digital asset trading system. Patrick gave us some more insight into that.

In the pre-Sprites world, time delays are inevitable because dispute resolutions are happening on the blockchain. This means that whenever there’s a dispute between individuals, the entire chain is held up while it’s resolved. Imagine it as a roomful of people. In current systems, if two people disagree on a transaction, they ask the others in the room one by one to verify the facts. The more people in the room, the longer that takes. You can see how this is a real problem if digital asset trading is ever to become mainstream.

Sprites presents an innovative solution to dispute resolution when multiple state channel paths are involved; that results in a drastic reduction in the time collateral is locked up. The second improvement that Sprites offers over traditional state channels is the ability to do partial deposits and withdrawals throughout the lifespan of the channel without interrupting normal operation.

The OAX DEX platform is one of the first real world applications of Sprites, and when asked how it feels to see Enuma implementing it, Patrick said it was “awesome.” He gets emails all the time from people wanting to use Sprites in their projects, but Enuma and the OAX project stand out because we’re taking it seriously.

And he’s right — we’re serious about the project and our commitment to making digital asset trading accessible, transparent and safe for all. Sprites is a critical part of that, so it was truly inspirational to have Patrick with us in Hong Kong and hear his enthusiasm for what we’re doing!


The full article on Medium:
https://medium.com/@OAX_Foundation/a-day-with-a-vip-discussing-our-awesome-work-490519b7911c

The official site: https://www.oax.org/en

Even though it little old update on the presentation of OAX but very relevant even for toady. Cryptocurrencies are still facing unseen issues with regulators and various institutes. As it was pointed out in the presentation why decentralized is the future and demand for it will increase in future. OAX is building a good alternative of centralized exchanges and tokens are very cheap for the moment.