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Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 57. (Read 135283 times)

sr. member
Activity: 560
Merit: 256
Market Integration Platform
I have bought already few days ago and now will keep them holding and let myself flowing with the waves to take my investment where it is going for. It is long termed project which needs lot of work to done in order to attract real volume once it will be completed. How user friendly it will be that will make the real difference.

I'm wondering when the team will provide at least the screen-shots how do they design or plan to build prototype and when we will know who are in the working group?

1.

Video explaining everything:
https://www.youtube.com/watch?v=PbwaFQ2r2c4&feature=youtu.be&t=19

2. Brief introduction of core engineers
https://www.youtube.com/watch?v=JuvJwe_6Byk

3. There was such statement on Sep, 22
"Today we are proud to announce OAX project is taking a step forward, introducing OAX working group, which the Foundation will invite entities across payment/ legal /exchanges industries. The project development is right on track, stay tuned for further update!"
I'd add that the Working Group Signup is planed on the Q4 2017 according to "milestones" on the site, closer to December i think.  

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


WEBSITE | WHITEPAPER | YOUTUBE | SLACK | TWITTER | MEDIUM | REDDIT | WECHAT | TELEGRAM
newbie
Activity: 13
Merit: 0
I would say a "true believer" is someone who is crazy enough to buy tokens from the market right now, i.e. knowing that the project has no code, one developer, and posts vague nonsense on the OAX Medium about their reflections on China's policies.


I made some inspection and read OAX website. They have plenty of managers and such kind of non-productive personnel and they have one coder and one developer. OAX should publish their burn-rate that's overall overhead expenses.  without aforementioned that there is plenty of hope in the air and now I understand the frustration among some investor. With such kind of big team, at least PR should be appropriate.

Positive thing is that they co-operate with 0x. However there is not guarantee will the co-operation be productive or not.
other positive thing is forthcoming announcement in October, Perhaps OAX has hired second coder/ developer.  Smiley

Technically speaking building the exchange is not necessary rocket-science, but on going regulation can affect of profitability. Decentralized exchanges can get around some regulation, because DEX is technically OTC market place.

as the market theory states there is not necessary easily obtainable free lunches. The project with more solid plan are usually more expensive, but even though with the solid plan the project will fails. The project always entail risk and some risks are beyond the control of the personnel of the project.



sr. member
Activity: 546
Merit: 250
I have bought already few days ago and now will keep them holding and let myself flowing with the waves to take my investment where it is going for. It is long termed project which needs lot of work to done in order to attract real volume once it will be completed. How user friendly it will be that will make the real difference.

I'm wondering when the team will provide at least the screen-shots how do they design or plan to build prototype and when we will know who are in the working group?
full member
Activity: 183
Merit: 111
I know what will help and what you can do with some of the tokens not being sold in a second sale.
How about giving some of it to the TRUE believers in your Project.
That can easily be seen by tracking the address of Project Backers that still have their initial purchased tokens in their wallets!
Meaning: They did not move it out of their wallets to an exchange to cashout.
Just my thoughts. 
Hi N0rd. Yes, we know! Smiley

You're reading my thoughts, n0rd. Smiley

Seriously, this is a dumb idea. Every person on this forum is a "believer" in Bitcoin but we have all traded it and moved it around. Does this mean we should not be entitled to BCH or other forks?

You can't just randomly dilute other backers with flimsy logic.
legendary
Activity: 1274
Merit: 1006
About bounty - when will we receive our rewards?
And how do we apply for next months as well?
full member
Activity: 171
Merit: 100
🌟 COMSA ICO: 10/02/17 🌟
If ethfinex and openANX will use both 0xproject what will be the difference among them?
sr. member
Activity: 560
Merit: 256
Market Integration Platform
I know what will help and what you can do with some of the tokens not being sold in a second sale.
How about giving some of it to the TRUE believers in your Project.
That can easily be seen by tracking the address of Project Backers that still have their initial purchased tokens in their wallets!
Meaning: They did not move it out of their wallets to an exchange to cashout.
Just my thoughts. 
Hi N0rd. Yes, we know! Smiley

You're reading my thoughts, n0rd. Smiley
legendary
Activity: 1372
Merit: 1001
I have bought already few days ago and now will keep them holding and let myself flowing with the waves to take my investment where it is going for. It is long termed project which needs lot of work to done in order to attract real volume once it will be completed. How user friendly it will be that will make the real difference.
full member
Activity: 183
Merit: 111
I would say a "true believer" is someone who is crazy enough to buy tokens from the market right now, i.e. knowing that the project has no code, one developer, and posts vague nonsense on the OAX Medium about their reflections on China's policies.
member
Activity: 115
Merit: 10
Hi

To Hugh, Liam, and Dave: You have really failed your investors in this project. There is no inspiration or community with OpenANX and you have failed to inspire attention and people to invest. If you want people to draw to this project please do not bore them with legal or technical jargon. People interested in ANX want to see some development, not pictures of Hugh shaking hands and burning through your funds traveling/visiting other countries. Your team needs vision and actual milestones, not a flowery roadmap. We need specific commitments:

For example:

In Q4 we will achieve X
In Q1 2018 we will specifically achieve Y
By June the project will be released.

We need to see specific milestones (technically) being reached for anyone to feel this project is still current and that the 20 million raised was not in error.

It is not too late to turn things around but they require some big steps:


1) Getting your coins on more exchanges and being transparent with this.
2) Showing what you will actually achieve and the what you plan on coding and or showing the code from ANX Intl as a base (so this doesn't appear to be an empty vaporware project).
3) Being live, active, and energetic on social media. Please look at how blocksafe approaches its twitter and bitcointalk forums. Study communities like NEO and Dogecoin to see how they generate hype. As an example, when Mysterium went silent for a month people felt it was a scam, so the CEO was pressured to release a statement, be more active online, and post pictures of development etc...Even the best coins with best fundamentals will die without active marketing. Your marketing team is slow and feels like a regulatory, boring, old company at best. Cryptocurrency is fast paced and lives off momentum, not stagnation.
4) Show the world what type of value OpenANX can bring. You keep stating this coin will be beneficial because we'll all be hurting when an exchange gets hacked and takes our funds. However, I'd rather risk an exchange holding my funds, than an exchange that doesn't exist at all holding my funds (aka OAX has no working product).


Hugh, Liam etc... you may not care about the price of OAX, but when this coin goes to 1 cent and no one wants to buy it because it is on no exchanges what's the point of even developing it? You do realize if this project fails to inspire investor confidence, it will bleed over to ANX international and hurt your major brand, right? Why would you advertise OAX on the front page of ANX international if people don't think this is a good project? And how people think this is a good project is through investor confidence, aka a product and a higher marketcap. Don't act like the price is irrelevant, you raised funds for a reason and people invested in your coin for a reason. This isn't a charity or an open-source grassroots coin. You raised 20 million and now you are responsible to create a business out of it.

Hi IhateICO's, thanks for the note. Strange choice of name for a token sale backer. I understand your frustration, really I do. However, I feel we have been nothing but transparent. We have posted updates in terms of our roadmap, and how this will progress in the next 4 months until the end of the year. At this stage it looks like we will have something early rather than late, but I can't guarantee this so we are still following the roadmap as published.To answer your questions one at a time

1) We have said we cannot speculate on exchanges from day one. The reason for this should be pretty clear based on recent developments in China. We want to be a successful long term business, and to do that we must be responsible and in line with regulation. To not do that, or to ride the hype train would be irresponsible
2) We have posted user journey's on Slack, code updates on GitHub for KYC/AML tokens, which should show that our first step is to get asset gateways in place from Day #1. We won't simply push out a product that doesn't have these systems in place. One of the great benefits of the OAX project is the asset gateways and fiat channels. The ecosystem needs them to work, so we will have them from the start.
3) We have never been silent, I can understand that we can certainly improve, and we'll try to do that, but we are here every day. We are looking at doing an AMA in the next two weeks on Slack with Hugh and some of the developers. We are moving, obviously just not as fast as some people would like. We cannot predict things like the changes in China, or Korea, or other markets.
4) We were clear from the beginning what the timeline was. I'm not sure what we are getting at here.

In addition, the good news we have given you have ignored. The fact that we are in good financial health and don't need a second token sale in 2018 is surely a good thing? As I mentioned on the Slack channel we are still considering the best way to approach what that means in terms of the remaining tokens. We will update you when we have made a decision.

In closing, I do understand that you are frustrated. We are working hard to deliver a great project. If you have specific questions about the project, I'll be happy to try and answer them


I know what will help and what you can do with some of the tokens not being sold in a second sale.
How about giving some of it to the TRUE believers in your Project.
That can easily be seen by tracking the address of Project Backers that still have their initial purchased tokens in their wallets!
Meaning: They did not move it out of their wallets to an exchange to cashout.

Just my thoughts. 

Hi N0rd. Yes, we know! Smiley
full member
Activity: 183
Merit: 111
karjatu,

Thanks for the massive wall of text/stream of consciousness.

You basically said nothing other than you think OAX is currently cheap based on your blind hope that they will make a good product.

Very insightful stuff.  Roll Eyes
newbie
Activity: 13
Merit: 0
Dear upset Investors,

Firstly I don't understand why talking about 'boring' jargon or legal things get investors bored. If you guys, who are investors, do not like real non-marketing, non fancy things why are you investing in general.

Investing should be a serious thing.


At least me, usually invest in the projects that I understand and  they have solid business plan.

 I understand the value of decentralized exchanges and there is no guarantee of the winner on the venue.

Ox project has higher secondary market price in term of difference between current price and ICO price.

https://0xproject.com/

for me the most important is that team member pay attention into on going project -- instead of marketing or keeping investor happy -- especially once there is not ready product.

both issuers OAX and 0x have already raised their funds on their emission.

It does not matter  for them what is the price on the secondary market --  other than --  if the secondary market price is very low the issuer could purchase their token back on the open market and burn them

or
 on the other hand if the secondary market price is very high, the issuer can sell  such kind of token that they have left unsold on their initial emission.



I am not marketing person, I am just interested in the project and the planned product. in this case de-centralized market place without middlemen.

I am not paying a premium of 0x , because of fancy communication, proper maintaining public relations.

For me most important in good product  and  in the end of the game

the fact is that is the product is good enough will lead the situation in which the product  will not need any professional marketers marketing efforts else than minimal amount.


Existing users of the product will recommend the product to others. I always count on more friends more than sales persons.


I am happy that I can get openANX token at cheap price and I have bought them and going to purchase more ... If the price won't spike.. Hopefully price won't spike..


sr. member
Activity: 560
Merit: 256
Market Integration Platform
0xproject looks most promising

By the way OAX and 0x are partners.
You may watch videos with conversation between Hugh madden and 0x Co-founders:
https://www.youtube.com/watch?v=i2PboMAJwcI&t
https://www.youtube.com/watch?v=oxN0Rh8L_Y8&t
full member
Activity: 347
Merit: 100
CMC Community
/e: nah I won't shill other projects in the OAX thread.
full member
Activity: 171
Merit: 100
🌟 COMSA ICO: 10/02/17 🌟
I'm knees deep in every DEX project I can get hold of.

hi Iruwen do you have a list of all promising DEX projects to share?


I'm interested and I'm just getting started doing my research
0xproject looks most promising
full member
Activity: 280
Merit: 100
I'm knees deep in every DEX project I can get hold of.

hi Iruwen do you have a list of all promising DEX projects to share?


I'm interested and I'm just getting started doing my research
full member
Activity: 347
Merit: 100
CMC Community
DEXes are the future, and they need fiat bridges to be relevant. I'm knees deep in every DEX project I can get hold of.
sr. member
Activity: 546
Merit: 250
Despite the fact that project looks solid and the team has experience, it is a bit sad to see that price is now below the ICO price  but anyways I hope that prototype development and presentation, maybe screen shots how it will look like will give some emotional support to holders.  By the way, not so much activity in twitter, I wish team could be more active about project's progress in it.

price is low due to China news and all chinese altcoins are affected by it not just OAX, add recent bitcoin crash to that. I think it would take another month for it to recover but who knows.

The price was tanked well before the news of China regulatory changes.  Basically the moment this hit binance the price was floored. 

Well, to be honest OAX is not the only project who suffered from the Chinese news and I believe that it will recover not maybe so fast like we all wish but as soon as prototype will be ready all will come in place.
newbie
Activity: 13
Merit: 0
Hugh, Liam etc... you may not care about the price of OAX, but when this coin goes to 1 cent and no one wants to buy it...

I dare it to go to 1 cent  Cheesy

Please dear lord go to 1 cent... Ill buy all available and hold most of it until $50+
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