So, the only use of the token is that it can ba exchanged for membership in some organisation? Is that it? Doesn't sound too attractive.
Hello, Sara85. Thank you for the question. I answered some time ago.)
Thanks for the question, adu1t!
Just go to the White Paper and CTRL+F - search "token".
Page 18 - 5.1 Uses of OAX Tokens
"OAX is a token that can be exchanged for memberships in the DAO and/or its association.
Members will be entitled to certain privileges, including but not limited to voting privileges
on major operational decisions relating to the openANX platform."
Most valuable information that I found there is:
Members are not entitled to any economic rights of the Foundation at any time and Memberships do not entitle the holder to any distribution of profits nor any claim on any assets. Everything else is just a bla-bla-bla, voting privileges, bla-bla-bla, voting privileges.
Who need these voting privileges on YOUR platform for such of money? People need profit, but you sell them pure air
Agreed, what a joke. I almost invested until I realized these tokens have next to no value.
Thanks for your opinion, guys!
1. "Members are not entitled to any economic rights" - Yes, you are right. OAX token holders only get privileges of the memberships they own. It is not limited to only voting, ie: third party service provider membership grants ability to be service provider. Possibly something will be changed during the development, there are a lot of forces and deep minds are involved in the process and the platform just gets its final shape.
2. "People need profit", "no value" If you want to know if you'll make money if you'll invest, it's not something that the openANX team can talk about as staff. Ultimately, if people like the project idea, and can understand it now, they could get involved. Later, when a prototype will be able obviously there'll be more interest as people will be able to see what they're getting.
You can exchange OAX once it's tradable on exchanges ( July 29, or possibly earlier if the Token Sale will end sooner)
When the OAX platform will start to work there should be the increasing demand on Token and supply will be dwindling.
"The initial number of issued OAX Tokens is 100,000,000; as there is no planned
inflation, the number of outstanding tokens would be reduced over time as activity
on the openANX platform increases"
Project Deck, Page 23:
https://www.openanx.org/en/assets/documents/openANX_Project%20Deck_ENU.pdfThe team is expecting that in the case of success the user base will grow exponentially. Nobody can predict the future though.
You can read more about the Metcalfe's law:
https://en.wikipedia.org/wiki/Metcalfe%27s_lawThe main aim of the openANX team once the Token Sale will be finished is to concentrate on building a consortium of companies and platforms to integrate,
and the team will do this with the huge passion.
Only you to decide to be involved on the early stage, or later when the working prototype will be released, or just stay an observer.
