Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 22. (Read 135283 times)

Decentralizing capital and money is the new norm now and it's the only way out of the financial boom and bust scenario of centralized institutions. This project worth much more attention from the blockchain community.

OAX DEVELOPMENT PROTOTYPE FAQ

OAX would like to thank everyone for taking the time to test the prototype and give feedback. These will be important in helping us improve during the development of our platform. Here are some common questions we have identified.
 
And don’t forget our feedback and bug bounty campaign! You can find the form here

Q: Is there plan to make a mobile version?
A: It is being considered as part of our roadmap. Our main focus now is on building our OAX DEX Platform, by combining improved technological developments (eg. Sprites) with a strong governance framework (for example, including dispute resolution and KYC).

Q: Will the login to the exchange be possible only through Metamask?
A: Apart from Metamask, we are working on supporting Trezor and Ledger. We use Metamask only for our POC, but our final product will definitely offer other options for connecting your account.

Q: OAX establishes connection with the exchange with the help of the signatures SHA-1 but similar exchange uses Sha384 in the chain. What’s the difference?
A: We support a suite of ciphers to communicate between the exchange demo and the end user. SHA-1 is one of the ciphers we support, mainly for compatibility reason, which is fine for a demo. You can verify the quality of the security certificate together with the suite of ciphers used here. The servers serving the demo will use a stronger cipher if the user’s browser supports that. Users are always encouraged to upgrade to the latest version of their browser and to ensure their browser supports stronger ciphers.

Q: Will there be a possibility to choose different colour themes?
A: The source code is open, anyone can modify the colour theme for themselves.

Q: Due to the tokenization of the fiat, exchanges will become more competitive. Will OAX adopt a fiat deposit and withdrawal system?
A: Establishing fiat gateways remains a key part of the OAX ecosystem. We are progressing well on multiple options and will make an important announcement very soon. Please keep following our news.

Q: When the ETH network occupancy happens, what will help OAX deal with transactions and solution?
The Sprite payment channel will help with that, so you only have to talk to the chain when there is a dispute. Also when opening/closing the channel, a single sprites state channel will allow unlimited number of trades.

Q: Which kind of latest technology will OAX adopt?
A: OAX is using Sprites and 0x. Sprites enables on-chain scaling up the Ethereum blockchain to accommodate increasing user demands to an unlimited amount. For state channels, the speed depends on how fast the clients involved in a settlement can communicate. It should be possible to perform a trade within a second.

Q: How many transactions per second can OAX handle? Currently the POC is limited by the Ethereum blockchain tx limit.
A: For our next milestone we will be using state channels to do off chain settlements. Since these settlements can be done between peers without blockchain transactions the number of transactions the DEX can perform per second will increase with the number of clients.


The full article on the OAX Medium
https://medium.com/@OAX_Foundation/oax-development-prototype-faq-7405a04b5730

Official site: https://www.oax.org/en

But then again we are talking about decentralization everywhere talking about CEX, again explaining that the fact that they are bound by the local laws

That is informative article talking on off chain scaling issues and challenges. One thing is sure you have great things to learn by reading different opinions and approaches to resolve these issues of scaling of transactions. This workshop showed the importance of state channel on-chain in case of dispute and other related things.

This is a new innovation, and OAX is an excellent and reliable project!I am very happy to participate in a project with such a professional team.

You can share your thoughts about the OAX Airdrop:
http://bit.ly/OAXAirdropFeedback

Talking Off Chain in Berlin

By Mathis Antony, Software Design Engineer, Enuma Technologies


https://medium.com/@OAX_Foundation/talking-off-chain-in-berlin-c59276b916d7

When the team will send out the final decision on applications for airdrop have someone information?

Same here. Completed the application and connected all my stuff.

nice ! i have applied for the airdrop !

That's an awesome airdrop quantity! This will surely be a rise in price.

Very high quality and reliable project. The team is working efficiently. I hope the project will grow more and more! The latest news about a new airdrop gives even more confidence in this.  I think that investors will turn their attention to this.

@dev you should re-design the airdrop claim form it has so many irrelevant fields to become eligible like it ask Twitter, Facebook and Reddit username there. I think 1 of them will be nice choice you should make this change into this form.

OAX Airdrop Details


OAX Foundation is pleased to announce details and rules of a 5 million OAX token airdrop. Please note that an application form containing all the terms and conditions for the airdrop will be made available shortly.

Rules:

1. Airdrop period: 17 July 2018 (12 am HKT) — 16 January 2019 (12 am HKT).

2. Each individual airdropped amount will be calculated by the minimum of (a) the average daily balance of the total OAX token holdings in their wallets over the above period or (b) the balance in their wallets on 16 January 2019 (12 am HKT).*

3. Only OAX tokens held in participants’ private wallets will be deemed eligible for the airdrop calculation amount.

4. Any airdropped amounts will only be made to the corresponding wallet address from which it was calculated. Airdropped amounts will not be made to any other wallets (this is the case even if multiple wallet addresses are identified in the application).

5. Participants may be required to undergo additional AML/KYC procedures conducted by OAX Foundation.

6. The official airdrop distribution date will be announced on OAX social media channels once we complete all registration verifications and calculations.

7. Eligible participants must complete all steps and input all information required in the application form and agree to our terms and conditions.

8. Please note that the airdrop will not be available to participants in certain jurisdictions for legal and regulatory reasons.

*Here’s an example of how our airdrop works. A total of 5 million tokens will be in the airdrop. Assuming there are eligible holders of 10 million tokens signed up for the airdrop period. In this case, these holders will get 1 airdrop token for every 2 tokens of average daily balance they hold during the airdrop period. So if you maintain a 10,000-token average daily balance over the airdrop period, you will get 5,000 airdrop tokens.

On the other hand, if the number of eligible sign-ups is 20 million tokens, the ratio becomes 1 token for every 4 tokens held. A 10,000-token average daily balance over the airdrop period will entitle the holder to 2,500 airdrop tokens.

For any inquries, please email us at [email protected].

The original article on Medium:
https://medium.com/@OAX_Foundation/oax-airdrop-details-1f6aaef3bf1a

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


OAX Airdrop application form: https://www.oax.org/en/airdrop


 

thats nice, i dont care , i believe on this project 

Wow. You have to connect all of your socials accounts to them. Facebook, Reddit and Twitter! That's kind of too much no?

I'm also looking forward to the KYC procedure. In my case, I bought in ICO and have already done KYC and I've never moved my Tokens, I hope I don't have to do KYC again.

It means this won't be normal airdrop promo like PundiX is doing at the moment and some other project offering to get rewarded for holding their tokens into personal wallets. Looking forward to know more about KYC procedure and how you will make process that. I thought you will bring exciting promo and more people join this but this method looking complicated.

OAX Foundation is pleased to announce details and rules of a 5 million OAX token airdrop. Please note that an application form containing all the terms and conditions for the airdrop will be made available shortly.

https://medium.com/@OAX_Foundation/oax-airdrop-details-1f6aaef3bf1a

While the OAX team has been doing good business marketing, the coin price seems to have been low.