Good evening dear subscribers! The development of the Ethereum blockchain system has caused significant functional changes in the centralized exchange model. Traditional exchanges are closed structures with limited display of security and admission protocols. The decentralized exchange, as a representative of the new generation, has become completely transparent for the participants, but it is not without its drawbacks, such as inadequate provision of liquidity and the necessary scale of trading.
About the project
OpenANX is an innovative, improved platform developed by the non-profit Foundation of the same name. It is managed by a decentralized Autonomous organization ("EAO") operating on smart contracts.
OpenANX is a cryptocurrency exchange platform that combines features such as liquidity typical of centralized spaces and the openness inherent in cryptocurrency systems.
The company aims to create a multifunctional trading space that will be able to work effectively with both tokens and Fiat money. The owners of the OAX coins will be given the right to vote and request a reverse vote. Internal tokens will also be needed to register on the platform and access its features.
The types of membership in OpenANX
The user with the right to vote.
Co-founder.
Payment gateway.
Independent service provider.
How it works.jpg
Features of OAX
The project provides an exceptional opportunity to observe the risk in digital equivalent. Credit tokens issued assetnum gateway, capable of creating new dynamics, as the trade it is possible with the use of the registry orders. Platform members independently determine their own risks using the Deposit mechanism and connection to the network of asset gateways. This combination will ensure the protection of client funds.
Registers of Orders from each Assenova gateway combined with innovative system openANX. As a result, users will be provided with permanent access to the General register of orders.
OpenANX combines the advantages of traditional and decentralized exchanges to create a completely different approach. The often changing needs of exchanges will attract many participants.
Centralized exchanges will play the role of asset gateways, providing access to the crypto-currency world. The Deposit will be frozen in the DAO, and credit tokens can be issued to members.
Dispute resolution will be entrusted to a third-party objective arbitration court. Openness guarantees justice.
OpenANX Foundation is a non-profit education that will include consultants and Directors to ensure the operation of the site.
Benefits for participants
Digital risk assessment and the ability to select an asset gateway using an exchange or OTC Fiat and with access to the aggregate list of orders.
The ability to trade conventional digital assets, along with gateway tokens.
Dispute resolution by impartial service providers.
The currency developed by OpenANX provides centralized trading platforms with the prospect of entering the structure. This means that they will be able to store membership assets and issue equivalent tokens suitable for trading on decentralized platforms.
In order to prevent conflicts between the participants, requests to transfer Ether tokens to smart contracts will be sent to the asset gateways. OAX tokens are planned to be introduced into trading with another currency – to reduce the risks in the case of an inactive market.
More info in:
https://www.oax.org/en
https://www.oax.org/assets/whitepaper/openANX_White_Paper_RUS.pdf
https://bitcointalk.org/index.php?topic=1943946
https://twitter.com/OAX_Foundation
https://www.youtube.com/channel/UCWzKmt7vtbjSprobArNzqBw
https://t.me/openanxteam
https://www.reddit.com/r/OpenANX/
https://medium.com/@OAX_Foundation
Author: https://bitcointalk.org/index.php?action=profile;u=1725951
0x295aca7dda69533ca78410da4fcc5ee2bafd1545
