Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 24. (Read 135283 times)

https://medium.com/@OAX_Foundation/oax-announces-5-million-airdrop-no-token-sale-planned-for-2018-25953d9d6351


Following the recent successful launch of our platform prototype, we at OAX Foundation are pleased to bring you more exciting news today. Firstly, we are airdropping 5,000,000 OAX Tokens to reward token holders for their commitment to the project. Secondly, there will be no token sale this year as OAX has sufficient financial resources to fund its current development program.

When is the Airdrop?

Between July 16, 2018 and Jan 15, 2019.

The airdrop will be allocated based on the level of token holdings utilizing a formula to be published shortly and which encourages commitment to the project.

We will announce the specific details and conditions very soon. Please keep following us through the website and social media channels.

What Else is Happening?

While we’re not planning any token sale this year, there are many other exciting developments surrounding the OAX project. Over the next few months, we will announce more strategic partnerships and new projects to position ourselves for the platform’s going fully-live next year.

Prior to the prototype launch, in May we announced the strengthening of our relationship with the Ethereum Foundation Grant-winning Enuma Technologies, who is leading the development of the OAX platform.

So what is the team focusing on after the prototype launch? For the project’s second phase, our development team will be busy deploying SPRITES, a new blockchain technology that will create a decentralized solution combining industry-leading speed, high transaction volume and lower cost.

We are confident that this new technology, together with our decentralized, shared order books, will help to elevate the OAX Platform to the next level, realizing the full potential and value of the project thereby maximizing the liquidity of the ecosystem.

Have you tried the OAX Platform prototype yet? Be sure to sign up for the “Leave-A-Question” campaign on Reddit and participate in the AMA on Telegram on July 5, Thursday, 5pm.

About the OAX Foundation

OAX Foundation Limited (the “Foundation”) is a Hong Kong-based, not-for-profit entity set up to promote the real-world application of the OAX platform, an open, transparent and decentralized exchange for digital assets. It aims to build a sustainable digital asset industry based on principles of strong governance.

OAX Foundation are pleased to bring you more exciting news today. Firstly, we are airdropping 5,000,000 OAX Tokens to reward token holders for their commitment to the project. Secondly, there will be no token sale this year as OAX has sufficient financial resources to fund its current development program.

Well presented, cheers for the whole idea!

Hi Bazzzil86

very good news , the demo will attract more investors !

How long will this project last?

https://tothemoon.live/?IsPast=False&Page=1&Month=0&Year=0&CoinTypes=OAX+%28OAX%29&SortBy=0 Release already tommorow?

If we say about any project which has full chance to become big in future and still isn't catching eyes of people is OAX. They are not hyping and using all energy and sources on development and making relations on other businesses. It seems that when working platform will be ready they will go with full strength to market it.

good news about the demo version of the exchange. to be honest, i thought that the prototype would be launched at the end of the month. the exchange looks pretty good, although i would rather have a lighter background. i hope, in the release will be the possibility of it choice.

good project. awaiting information from you. very happy

Wow! This is the most integrated platform I saw until this moment. The idea of creating prototype was also great and gives clear instructions on how to use it. Great Job!

Looks great! I will test the prototype later on. Everything looks now.

OAX Foundation Revolutionizes Digital Asset Trading with Launch of Decentralized Platform Prototype


HONG KONG — June 22, 2018 — OAX Foundation Limited today announced it has successfully launched a prototype of the OAX project, a new decentralized platform for the trading of digital assets which utilizes some of the latest blockchain technology.

Both the traditional centralized exchange and existing decentralized exchange models have inherent weaknesses limiting their potential to service the rapidly developing digital asset market. These weaknesses are also a hindrance to widespread acceptance of tokens as an asset class. The OAX platform addresses these shortcomings whilst combining the best elements of both trading systems.

The development of the OAX platform is led by Enuma Technologies, a leading blockchain engineering firm. The current prototype utilizes the 0x Protocol for order settlement with Whisper based communication to maintain a distributed order book. This is a unique solution combining off-chain decentralized order books with on-chain settlement. However, as previously announced, the later stages of the project will focus on the deployment of Sprites. Sprites is a new blockchain technology that will create a decentralized solution combining industry-leading speed, high transaction volume and low cost.

Enuma in May was awarded a grant by the Ethereum Foundation to help further the implementation of Sprites. The OAX project will be one of Sprites’s first real-world applications.

The prototype launch comes on schedule and is now available for testing at a publicly-accessible URL. It will be refined using the Continuous Delivery engineering approach, meaning that updates and improvements will be made to the prototype continuously as the OAX development team collects feedback from the community.

OAX Foundation will announce a series of campaigns in the coming weeks to encourage the public to test and give feedback on the prototype.

Amanda Liu, General Manager of OAX Foundation, said, “The launch today of the OAX platform prototype is a significant milestone in our mission to revolutionize digital asset trading. Since we first launched the project, we have put in place the people, systems and technology that together have brought about the successful delivery of this crucial stage, on time and on budget. We remain focused on delivering greater technology and standards for the digital asset industry.”


The prototype is now accessible at the following URL: https://dex.demo.oax.org/#/


The article on Medium:
https://medium.com/@OAX_Foundation/oax-foundation-revolutionizes-digital-asset-trading-with-launch-of-decentralized-platform-prototype-f64c78207e68

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

guy, do you see that the more the news, the weaker the OAX price?

The entire OAX Team is gearing up for our Prototype release before the end of the month. Stay tuned!

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

why OAX is so weak even against the BTC and ETH? 

The weak price is to celebrate the 1 year anniversary of the token sale ?

The project is certainly grandiose in its scope and prospects! I am very glad that the project team is working on improving its product! I think that we will see something mega innovative and cool that will enjoy the huge popularity of users!

Newsletter —  June 2018 — An Update from the OAX Technology Team

Welcome to our first technology team monthly newsletter.

As we continue the work on our decentralized exchange (DEX) platform, we’re also expanding our platforms for communication and consultation with our community. Through this newsletter we will provide regular updates on the latest progress on the OAX DEX, as well as important news and developments in the industry and how it affects the OAX community.

OUR ANNIVERSARY AND OUR FIRST POC RELEASE

We are coming up to 12 months of OAX Foundation with the anniversary of our token sale this month and we are excited to announce that we are well on track with our DEX.

A lot has changed over the last 12 months, moving from our early visions of solving some of the biggest challenges facing our industry and experimenting with different technologies to solve them. We are proud to present our initial Proof of Concept, a basic DEX which offers the ability to trade ERC-20 tokens and uses aggregated order books. This will be fully released with all code for our anniversary.

This has been achieved using the 0x ordering and settlement protocol, with Whisper-based payment channels, a unique solution in that it demonstrates not only off-chain order channels with on-chain settlement (0x’s hybrid model and one of the proposed solutions to the ethereum overuse issue), but it also uses decentralized, shared order books. Here’s the video about the vision behind our project: https://www.youtube.com/watch?v=DdPKHA6buO0

WHAT’S NEXT FOR THE OAX DEX

While Phase 1 POC is exciting, to truly achieve the volumes and outcomes we want, 0x’s hybrid model just isn’t enough.

The OAX Foundation is already working hard to deploy our solution using a new technology called SPRITES. SPRITES is special because it allows us to generate fully auditable, immutable transactions which are decoupled from ethereum transaction delays. Click here for more about the amazing potential of this technology and how it could apply to our platform.

This new technology is so promising, the Ethereum Foundation recently provided two grants to our partner Enuma Technologies to further its development!

The full article on Medium:
https://medium.com/@OAX_Foundation/newsletter-june-2018-f2533e51193d

Animated Introduction:
https://www.youtube.com/watch?v=DdPKHA6buO0

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

it is not difficult to create a decentralized exchange. but to create an exchange that people need is much more difficult. i like that oax is not in a hurry to release a raw product. i have been following the project for almost a year, and i hope that oax will quickly and for a long time become a decentralized exchange No.1.

Given the trends that are taking place in the modern world, I think that only the decentralization of all financial flows on the planet can change the situation for the better. The current state politicians need to accept this fact and agree that the next stage of development of the whole of humanity is in this direction! Crypto-currencies and decentralized solutions are the future of our civilization!