It is not looking good. Down to an all-time low market cap of $8m right now. I know the team would not comment on price, but they must be aware of it and it is a bad situation because it shows that people have no faith in the project.
I think the OAX team have not done nearly enough publicly. So far all that is visible is a couple of low-key conferences they have attended. Sorry but when you have a budget of tens of millions of dollars, you can afford to do a lot more than this - there is no reason why they shouldn't be holding webinars, Q&As, posting guides, running questionnaires, surveys, etc every single week. They have the budget to do it but they do not seem to understand the importance of maintaining a community.
There is no OAX community right now. If the proof-of-concept was launched tomorrow, it would be pointless because it wouldn't gather any interest. Unless they have a huge list of partners that have signed contracts already (unlikely without a proof-of-concept), then they need public interest to be able to implement their solution in useful scenarios.
I hope they realise where they have gone wrong and use their funds to employ the necessary people to manage the community side of things. But it's not looking promising.
Hello hengar,
Good thoughts. It's hard to not agree to some of your points.
But I'd say that quite a lot of is being done in the question of the building the community.
And the most interesting and important is still ahead.
What have been done just during some last weeks:
1. There was an AMA a month ago on Slack, quite long and detailed, devs answered a lot of questions.
You may check transcript, English and RU-language versions:
https://medium.com/@OAX_Foundation/oax-development-ama-1-transcript-a02a173ccd8bhttps://medium.com/@OAX_Foundation/oax-dev-ama-1-full-transcript-in-russian-faf55d9b29df2. Hugh Madden and leading Devs visited Devcon3 in Mexico (it's not a "low-key conferences", it seems).
Some words from @onetom, OAX core developer about results:
https://bitcointalksearch.org/topic/m.241724253. Liam was in Moscow this week, by the way it's one of the serious blockchain conferenses in Russia,
organized by well-known and respectable company. And OAX was one of the sponsors of the event.
You can check slides from the Liam's presentation, in English and Russian:
https://docs.google.com/presentation/d/1___aDei2EcQt2zh0d1cjlkojnKxX3PTV2HEI7TMaQC0/edit?usp=sharinghttps://docs.google.com/presentation/d/1L2-J2i6563LeNIjTdaKxxQtLMUJ5_1-N1nU7RI34BG0/edit?usp=sharing4. We reorganized, optimized and improved the Bounty program this month.
And will develop it in all directions to the highest levels.
To get maximum engagement and involvement of people to the community.
We launched pages and profiles at all possible networks and working on developing these social properties.
OAX Bounty rules, En original and RU-translation:
https://bitcointalksearch.org/topic/active-bountyann-oax-real-world-application-of-decentralized-exchanges-1947373https://bitcointalksearch.org/topic/m.24466654"There is no OAX community right now" - It exist and it grows. It's unique.
And one day the OAX community will be one of the largest and influential in the sphere.
https://bitcointalksearch.org/topic/m.24387463"If the proof-of-concept was launched tomorrow" - It will not be launched tomorrow.
"Sorry but when you have a budget of tens of millions of dollars" - no need to overspend money.
Especially on this stage. OAX Foundation is trying to count every OAX and every ETH collected.
You and any investor and supporter of the project can be sure that the funds will be spent wisely.
"Unless they have a huge list of partners that have signed contracts already"
It's hard to say about the number to the moment, but the quality of the partners and advisors is on the highest level, PWC, EY etc.
https://medium.com/@OAX_Foundation/oax-foundation-launches-digital-asset-industry-working-group-in-hong-kong-f63f3ca5e8a7 "holding webinars, Q&As, posting guides, running questionnaires, surveys" - you're right.
This and a lot of other things are ahead in the volume which will correspond the current situation and objective demands.
OAX Devs and marketing team are working hard.
A lot of useful is being done right now and a lot of usual and original activities as i already said are ahead.
Thanks for the constructive criticism and I hope that answered some your questions.
p.s. Welcome to the Bounty program