Hey there. I have a few questions, looking for a more stable returns for the part of my holdings in the next altcoin cycle.
1 Why would it be better to park money here rather than big cap crypto names?
Hey Buzz - great questions!
Regarding more stable returns, that's exactly what ANX is designed to provide. When it comes down to it, the overwhelming majority of coins and tokens are essentially backed by nothing but sentiment. This works great in a bull market, but not so great in a bear market ... 2017's meteoric price rise -> 85%+ crash is a perfect illustration of this.
ANX tokens float freely on exchange, but are backed by net asset value (NAV) to the downside. This means they can trend hard when bullish mania takes hold, yet have something backing them when the bears come home to roost.
Let's flip your question on it's head ... why wouldn't you want a token like that in your portfolio for the next cycle?
2 What are reasonable upside and downside expectation of anx over a year? I wonder about risk/reward ratio.
Like any coin or token offering, there is a risk ANOX never gets off the ground and the value of ANX tokens falls to zero. On the other hand, as we are simply plugging into existing systems (rather than promising to develop some amazing new protocol that doesn't actually have a use case), we deem the risk of ANX total failure substantially smaller than your average ICO. As long as our STO raises at least 1 million USD, we will deliver a working product.
From a technical perspective, as our first partner fund has never had a down year, computing downside risk is troublesome. If we be overly pessimistic and assume downside risk is symmetrical, then NAV could fall by as much as 50% in our first year. On the flip side, NAV could just as easily grow by that much and the tokens are free to float above and beyond there, yielding a positive reward ratio.
3 How do I know this isn't some random pepito scam coin which just landed on a decentralised exchange like eos dex? What guarantees this token will actually make it to the next phase?
Simple. If we'd wanted to do a scam coin, we would of just crapped out some utility token where "contributors" have literally 0 legal recourse. Regarding guarantees of the project making it to the next phase, we make no such guarantees, but addressed the reduced risk of total failure in your last question.
4 Binance dex just went live. Why did you decide to offer it on EOS dex instead?
We've always planned to launch our token on EOS, in fact we were one of the earliest tokens issued on the platform. We believe instant, fee-free transactions are the clear path forward for the industry. Having said that, assuming the custodians of the Binance Dex allow security tokens to be listed, we'd be silly not to also list there via some form of gateway.
We're also really looking forward to EOSfinex, which is apparently going to be hooked into Bitfinex's liquidity pool!
5 What team is behind the coin management? We all know people with known past tent to be more trustworthy.
To be frank, our small team is our greatest weakness right now. I've personally been in financial markets since 2012 and our web and UX guys are amazing. We invite you to connect with any of us on LinkedIn.
We are actively seeking exceptional people who share our vision of a tokenized future, if you know any one that fits the bill, be sure to let us know.
6 What are the anox holdings? Crypto, fiat, stocks, bonds, metals... Everything?
Our first partner fund is a 95% automated forex fund. We're keeping a keen eye out for other potential partners that can match their risk-adjusted performance. Our fund will also hold a small allocation of its own tokens, this will give us a little crypto exposure and ensures a degree of feedback between token price and NAV, encouraging each to reflect the other.
Thanks!
Thank you!
I hope that answers your questions, feel free to reach out to me on Discord if there's anything else you'd like to know.
Cheers,
Oscar.