Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 59. (Read 135283 times)

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.

The news about stop exchanges was announced a few days ago, but why the OAX price is still very low? or the de-centralized exchanges are not very popular?

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 am buying oax tokens now as the price super low and I bet that de-centralized exchanges will be unstoppable from governments in the future.

china says we stop exchanges, so what no way to stop de-centralized exchanges.

Ok but as huge as the claim is, are there sufficient resources to cover all demands that come with this moonshot project? I remember some projects claiming to launch a DEX and bla, but it mostly didn't work out. How long will it take until the platform is fully functional?

Hello z0n0 Freaks,
1. Yes tha't correct about Circulating and Total Supply
2. Some info on this matter about future Token Sale(s)
"Due to this likely underspend; it is not clear that a second token sale will be required in 2018"
https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322

Just wait until the other 75M tokens are released 

This is correct but they have any plan to burn these unsold tokens. The team has plan to sell them in different rounds in past they already explained about this. I hope soon they will make announcement about their future plan when they will sell these tokens.

I have seen projects go below ico price, but dear lord.

Is this correct:

Circulating Supply
25,009,250 OAX

Total Supply
100,000,000 OAX


Are there going to be some coins burned?

Thank you hdtqisg! OAX Token.  

"Additionally, the foundation has acquired the OAX.org domain, and a rebranding exercise will be undertaken to remove “ANX” from the foundation and project branding, this is seen as necessary to present an open, neutral community project. This will aid the engagement of other industry firms."

https://medium.com/@OAX_Foundation/oax-q4-roadmap-update-community-and-engagement-stream-9b699f668322

I really like openOAX coin! Hope this coin have great dev and make real world application!

Hi nickbelski,
OAX Foundation is legally based in HK not mainland China. In fact OAX will be a Global platform.
Here is the project statement regarding current situation:
https://medium.com/@OAX_Foundation/oax-project-statement-evolving-regulation-9ceb0a49c5d

Hello esabel, thank you very much, you're absolutely right about the team!

Guy, what is going on, why price is so dumped? It`s all about because OAX is completely chinese token and aimed at Asian market? When substantial price strengthening  could it be expected?

The team is very strong, so many people, where can you see the team members working background

Come join the Slack, you can ask all these questions and we can answer them faster:)

Hello mv1986
The official description is the REAL WORLD APPLICATION OF DECENTRALIZED EXCHANGES
I'd say widely this will be a huge platform for integration of all possible market participants (DEX, centralized exchanges, banks etc)
About Members possibilities on the OAX platform - you may take a look at Project Deck, page 19, The User Journey:
https://www.openanx.org/en/assets/documents/openANX_Project%20Deck_ENU.pdf
Also here is an interesting article on Medium:
https://www.reddit.com/r/OpenANX/comments/6fzxu9/how_is_openanx_different/
 

Thanks though I would hardly call these "burning" questions, they are just regular discussion points. After all, the whole premise of the OpenANX project is that people are tired of being kicked in the teeth by exchanges (I have personally been Goxxed, Cryptsied, and Finexxed), so I think open and candid discussion should be encouraged here.

BTW, a similar example to the MSP voting was DigixDAO back in March '17 and what to do with the ETC tokens (see: https://medium.com/@Digix/digixdao-etc-withdrawal-proposal-v1-0-mar-22-2017-578fe1575a40). Again this was done well before any sort of product launch.

I (and I think many others in this thread) look forward to some further clarification in the near future as to what exactly OAX tokens can be used for and how they derive value/ROI for investors of varying tiers.

Could someone please quickly summarize what this project is about? Like are you going to build a decentralized exchange or are you building an application for decentralized exchanges? If yes, what is that?