OAX - Real World Application of Decentralized Exchanges

OAX - Real World Application of Decentralized Exchanges | Ecency

INTRODUCTION

OAX (Open ANX) is a new model of the decentralized exchanges. The platform that at the same time combines the transparency, characteristic of cryptocurrency services, and the liquidity inherent in centralized platforms. Open ANX comes to the forefront with the idea of a stock exchange, transfers are made between wallets and are very safe.

OAX is a design and structure and concept that has been applied to a platfrom media that is in order to create a decentralized network well, in the activities of various payment transactions ranging from transaction activities either outgoing transactions or incoming transactions, which is supported by the network blockchain and also OAX base is using ethereum.

The OpenANX platform will take the strengths of the existing model of decentralized exchanges and will improve it by connecting the working exchange platforms with the network, implementing system security deposit, which will give users a kind of opportunity to evaluate risks. It will also provide the legal system of the dispute resolution with obligatory execution that will give consumer protection.

The main task of the project is creating the multifunctional trading platform that works not only with digital but also with fiat currency.

OBJECTIVES

Transfer of the existing exchange platforms on the Asset Gateways, connecting thereby Fiat and tokens in a transparent way. On the platform, it is planned to implement gateways of data integration in the architecture of the available trading platforms. Connects the existing exchange platforms to a network and implements the system of a collateral deposit which will serve for users more liquidity.
Transfer of the existing ANX user base on the new platform. Involvement of associates to the application of a resource guarantees the required initial number of users, and further increase their quantity due to the creation of the new exchanges on the basis of the OpenANX platform and implementation of its technology is already existing. Provision of an alternative to operations with the classical log of thanks to the implementation of the P2P OTC mechanism realizing a possibility of trade via the convenient and rapid controlled personal channel.
United of the register of warrants by means of the patented ANX International technology. For the merge log of warrants, on the platform own technologies of connection of liquidity of the taking part gateways and indices of other platforms will be used.
Support of resolution of disputes in case of their origin. The offered access to collateral funds for a case of the origin of disputable situations provides the off-exchange, legally fixed system of settlement of disputes to guarantee the much-needed protection of customers.

ADVANTAGES

• Get an institution or organization to provide a great platform with a large community.

• With transparent asset detection, it will provide convenience to the various customers in the store in a good way.

• Has a small risk level and a transparent network.

• A large network of contributors will show interest in various clients.

• The level of security and good integrity at the same time will provide a high level of customer confidence.

• To have various transaction activities in order book system.

MISSION

Implement asset gateways in the existing trading platform architecture.
To merge a list of orders, set your own technology usage to combine gateway liquidity and other participating platform indicators.
Provide access to warranties in the event of a controversial situation.
Full synchronization of command lists from peer-to-peer P2P networks and over-the-counter markets.
Significant improvements in the user audience and the liquidity of existing decentralization projects that do not have access to fiat funds.
Involvement of crypto community members to use resources and increase their numbers by introducing technology into existing sites, as well as creating new exchanges based on the OpenAnx platform.

TOKEN DETAILS

The sale of OAX tokens began on June 22, 2017 and was completed on July 4, Approximately $ 25 million of OAX token was sold to the participant for approximately $ 18.76 million (1 ETH = 478.68 OAX ). As you know, some ICO sales are experiencing frequent problems such as hacking or postponement but we have not had any problems in the sales process. There are a total of 100 million tokens. Approximately 25% of the total number was sold.

The market value of the Open ANX platform is approximately US $ 75 million based on token sales pricing . This price will start to change as the OAX commodity starts to open.

Remember that most tokens will be locked for at least 1 year and the prototype must be released before this. For this reason, we can assume that OAX investors will be happy because of their involvement in ICO .

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