Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 56. (Read 135396 times)

Ouch! I'm sorry! China markets and the bounty dump followed by regulation was just something we were unable to anticipate. I think we were going to do it for October for people that carry over.  Does that make sense?

The altcoins that are ethereum based are quite prone to fluctuations like this. Frankly I feel that it was the team who hyped the coin just when it launched liqui.
Though I really appreciate the work the team has put into the oax coin by keeping the community informed for every action of the team.
I will surely join this campaign if it continues ...

Makes sense to some degree. But the coding should by no means be underestimated, too. So many people claim to be able to build the greatest applications, and often times...

Thanks for the info @ANX Marketing , so we will receive 20% bonus this month?? I am kinda loyal to OAX as i have purchased 1.7 BTC worth OAX when the price was 2.2$ and now 0.4$  , Just wondering how much would i could buy OAX at this time with 1.7 BTC.

No problem Admiral! I showered today and everything! 

Lol... By filthy I meant was to criticize in a positive way, I did not meant to abuse anyone in team.
Though I will never apply for the campaign here or may be in any signature as I have a very busy schedule and signature campaign money is not my livelihood.

Gosh, thanks for the input.

Actually, I'm pretty sure if you apply for the bounty next month, we might not accept you.

Hi Guys, thanks for the suggestion, we are aware that the price went down during the month, we are sitting down to check the bounty structure today and see what we come up with. Our thinking was that all first cohort (Septmber bounty members) who continue for October get an automatic 20% increase, while new members stay at the same rates. Next month (November) rates would jump again for 1st cohort by another 20% (for a total of 40%) and 2nd cohort goes up 20%.

This was our thinking. We'll talk more details today, but the input is very helpful, thanks for the feedback.

Hi Dinct, thanks for the interest! Welcome to our Slack, invitation below.
OAX Dev AMA #1 - Project Discussion "Roadmap and Development", 4th October 2017 7AM HKT/7PM EST/12 AM GMT

WEBSITE | WHITEPAPER | YOUTUBE | SLACK | TWITTER | MEDIUM | REDDIT | WECHAT | TELEGRAM

Hello guys,

|Admiral|, no "filthy guys" here in the OAX team. Let's respect each other.
And please don't shout. Everyone can understand your message without bold and red.
 
Regarding the participation in the Bounty campaign in general - all the Rules clearly described in the Bounty ANN.
"If you send us a submission for this bounty program, you are agreeing to these terms.
If you do not want to agree with these terms, do not send us any submissions or otherwise participate in this bounty program."

pinkman12345, thank you for your thoughts. We're analysing the current situation.
"OAX will not let a hero member get more than 120$ at this price." -
as i can calculate, Hero will get 400+ OAX per month in September campaign, it's almost $170 today, not $120 as you said. And can be x2 tomorrow or x10 in a year.
About stakes, would you like to participate in the campaign with determined budget and not determined number of participants?
Stakes in this case can mean that you don't know the final amount you'll earn and your reward can be unexpectally low at the finish.
Fixed prices have its own benefits. Of course a lot of depends on the market, it's unpredictable, especially these days.
Also imagine the reverse situation, price of a token grew relatively the moment when you joined the campaign.
Will you ask to decrease your reward in this case?

Thanks z0n0, ug2017351feig, your opinion have right to exist and definitely was heard.

Thank you all who participate in the OAX bounty campaign, you're valuable and respectable members of the community and I'm sure we'll always find a common language.
p.s. Let's discuss bounty related questions at the according thread.  

Only thing keeping me away from investing in this coin is uncertainity about the roadmap. It is really a great one, but we need a proper explanation from the team regarding everything.

with the price going down the hill it is really a wise thing to go with the stake system but the OAX team are filthy guys i dont think they will accept the proposal of yours, but lets see..if they do it i will join in next round but i hardly think they will have any OAX left for the bounty pool now 

Looking forward for that October announcement. Please hire some more coders, do something substantial: working demo, sign more contracts with partners, etc.

Good point.
The team should consider this and raise a bit our rewards.

Haahaa..I agree with what you are saying. I made a good profit from chronologic bounty. This campaign is just waste of time as you are being paid very less as compared to counterparts.
Good luck.

Hello OAX team, The bounty pool that you have kept is quite bad as the price of OAX is hitting the bottom and even it is too below the ICO. Instead of Giving a fixed amount of OAX to participants you should give shares or stakes per week as it will be then fair for people who are advertising you the whole month, as i am a participants and comparing to the reward that we will get after a month is too way far less. I see chronological team and other teams who have given 26 ETH ( in terms of coins) to legendary participants for a month. whereas OAX will not let a hero member get more than 120$ at this price.
Its my request to consider the stakes instead of fixed amount.

Everyone's a critic.

Hi guys, I thought I'd jump in here. Irwin is correct, the code is not the hardest part. The platform aims to solve a few issues with launch.
1) Fiat onto the blockchain via Asset Gateways (a rising tide floats all boats) this means we need a KYC/AML token (like Tether but not suspect) the easy part with this is the token issuance, the hard part is the legal compliance in multiple jurisdictions.
2) Adding transparency to the whole token issuance process, for more on this, read this blog (not ours)
https://medium.com/@bitfinexed/a-response-to-tether-releasing-their-prior-audits-cceab8989c70
3) Protection for people who get compromised by an Asset Gateway issue (hack, scam etc)

So, the legal and regulatory is hard. The code is also difficult, but half our developers have been working for a business that has deployed 23 exchanges "out of the box" in the last 4.5 years, so we have a headstart on that.

The other challenge is recruiting reputable members for the Working Group, who will become the first round of Asset Gateways and KYC providers, but we are moving ahead on this too.

Hope that helps

Show your work now! Not graphics

Because the roadmap isn't very specific to begin with, but at least they haven't missed any deadlines so far from what I see.
The hardest part will be legal aspects, see https://medium.com/@OAX_Foundation/oax-project-q4-roadmap-update-legal-and-regulatory-stream-8d9a3d4671a2