Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 58. (Read 135283 times)
September 21, 2017, 05:00:07 AM
It was extremely overpriced on Etherdelta before which is not a working market to begin with, because of the low volume and lack of order matching.
September 20, 2017, 11:21:49 AM
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.
September 20, 2017, 10:57:49 AM
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.
I understand that but think it will take longer time to recover and hopefully no more new shocking news will pop up and they will just develop slowly as not so many investors even think that HK is different jurisdiction. But at the end those who does are able to buy good tokens at a low price
September 20, 2017, 10:54:31 AM
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.
September 20, 2017, 10:51:35 AM
The price is sweeping below too much..now oax is at the half price of ico...I guess even more.
September 20, 2017, 10:44:06 AM
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.
September 20, 2017, 08:55:42 AM
Expectations are really high from OAX, that's why everyone is frustrated. It is a long term one, just hold and let the team do their best
Most people don't really know what they invest in. They pick a long term project and start complaining after two days when it didn't go 10x.
September 20, 2017, 04:45:14 AM
New invitation to the official OAX Slack channel:
https://join.slack.com/t/openanx/shared_invite/enQtMjQyMTYzNTU0MjE0LTI3ODc1YzlhZTM1MWFmZDA0MzMxOGI5ODg4NjRmY2RmNjAwMmUwYTA4YzExZGU0NWFjYjU0MTEzYTI0N2YwMmE
https://join.slack.com/t/openanx/shared_invite/enQtMjQyMTYzNTU0MjE0LTI3ODc1YzlhZTM1MWFmZDA0MzMxOGI5ODg4NjRmY2RmNjAwMmUwYTA4YzExZGU0NWFjYjU0MTEzYTI0N2YwMmE
September 19, 2017, 07:18:22 PM
If the second token sale is not going to be happening, is there going to be a reduction in the overall token supply outside of your treasury reserve?
At this stage all I can commit to is that the second token sale will not happen in 2018. Final thinking will be communicated in Q4 this year.
Final thinking as in whether or not to throw in the towel? Here in the US old farts like to say "If you build it, they will come." That's not true anymore. In the 21st century you gotta sell it too. You gotta sell like your life AND your family's life depended on it. Because in a way, it's the difference between mac and cheese or a private jet.
September 19, 2017, 12:52:24 PM
Expectations are really high from OAX, that's why everyone is frustrated. It is a long term one, just hold and let the team do their best
September 19, 2017, 10:13:39 AM
If the second token sale is not going to be happening, is there going to be a reduction in the overall token supply outside of your treasury reserve?
At this stage all I can commit to is that the second token sale will not happen in 2018. Final thinking will be communicated in Q4 this year.
I think it is much better to has some really products or service then starts the second stage of the ICO, or not too much investors will be interested in it.
September 19, 2017, 08:15:50 AM
What is your final product? As I understood it's neither exchange, nor a protocol.
What do you want to create? A bunch of smart contracts which later may be used by different decentralized exchanges?
What do you want to create? A bunch of smart contracts which later may be used by different decentralized exchanges?
Hello Dcrstats,
https://bitcointalksearch.org/topic/m.21804161
https://www.openanx.org/en/assets/whitepaper/openANX_Technical_White_Paper_ENU.pdf
September 19, 2017, 07:08:13 AM
What is your final product? As I understood it's neither exchange, nor a protocol.
What do you want to create? A bunch of smart contracts which later may be used by different decentralized exchanges?
What do you want to create? A bunch of smart contracts which later may be used by different decentralized exchanges?
September 18, 2017, 08:45:47 AM
I agree, price of coin dropping like it has no value..
its almost 300% down from the time it listed on binance
its almost 300% down from the time it listed on binance
dont worry about the price dropped. i think this is a goood time to acquire more OAX.. and i think the team wont fail us considering they are VERY active.
September 18, 2017, 03:51:40 AM
If the second token sale is not going to be happening, is there going to be a reduction in the overall token supply outside of your treasury reserve?
At this stage all I can commit to is that the second token sale will not happen in 2018. Final thinking will be communicated in Q4 this year.
September 17, 2017, 11:14:11 PM
If the second token sale is not going to be happening, is there going to be a reduction in the overall token supply outside of your treasury reserve?
September 17, 2017, 08:17:34 PM
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.
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
September 17, 2017, 02:58:26 PM
For those that want the creators to work in silent...why? Why don't you want progress of the work to be displayed? There is a huge risk of working in silent, the devs can simply take your money and run if you don't hold them accountable every step of the way.
September 17, 2017, 02:23:59 PM
The whitepaper mentioned quite clearly that the first releases are not expected before Q1 2018. I don't understand why people are so impatient?
I also prefer them doing their work silently until there's something to show. Most ICOs are seed stage venture capital investments, if you can't handle that, don't invest. I'm getting tired of people expecting huge profits for absolutely no reason, OAX was clearly overvalued when it got listed on Binance, I mean its market cap was above 70m, are those guys mental? The reason the price is so low now is that investors are just too impatient. Walton (WTC) was just as bad, I made 500% profit on that just because they were stupid.
September 17, 2017, 01:48:29 PM
I agree, price of coin dropping like it has no value..
its almost 300% down from the time it listed on binance
its almost 300% down from the time it listed on binance
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