The Coinanx ICO is an exchange with the goal of accepting multiple fiat currencies. They spend the first couple pages of their white paper explaining the problems that cryptocurrencies are having with mass adoption because of how hard it is for many people to bring money into the cryptocurrency market. Their clean and concise explanations give me hope that they have plans in place to wade thru the regulation they need to overcome to get a good amount of fiat currencies they intend to have on their platform.
So how will this work and is the ANX token linked to the exchanges success? Please make sure the token/coin you are buying during an ICO or just on an exchange for an existing product is tied to the platforms success. In this case it is tied to the exchanges success imo. The ANX token acts as the only fiat gateway available. You will then take your ANX tokens and be able to trade them with ANX to BTC, ETH, NEO, and LTC with each of those having a sub of trading pairs.
The exchange will work like a regular exchange if you just send over ETH or BTC etc you don't need to buy ANX tokens in that case. Just if you are bringing fiat to buy into crypto. It can also be used as an off ramp to convert some of your crypto to fiat by buying ANX tokens and converting them to fiat of your choice. They did say they will limit this to some degree but they didn't have the exact way it will be so limited.
So they are set on bringing in the AUD and INR, not the most important fiats to get but it's a start. There is a bit of FUD going on in India right now as they acknowledge in the graphic above. If they are able to get a INR fiat on ramp while that is going on, that tells me very good things about the team and their connections. Hopefully they will be able to use the same connections to get USD, GBP, and KRW among many others.
The token economics, I see 2 things I don't like and 1 that I really like. I don't see a vesting period for the teams tokens. They do have a 6 month vesting period for their early investors which I assume is part of the massive 62.5% chunk set aside for the company and team. That is my 2nd issue only 25% of the tokens going up for sale is less then I'd like to see, I'm usually looking for more like 50%+. Despite these 2 issues I still think this is a viable ICO to invest in because of the extremely low hardcap of 3.75 million USD.
It seems like we are finally coming out of the bear market so I expect ICO's to start hitting their hardcap more often now. We are still just getting out of the bear market thou so people will be tentative for awhile imo. The ICO's that were able to launch during this current bear market and come out ahead of ICO price were predominantly low cap ICO's. This leads me to believe this ICO should do well and even better if we start another bull run.
The final consideration I will bring up is nearly all ICO's launch without a finished product. This is going to be one of the few that will actually have a product (the exchange) in place at the ICO finish. Hitting the hard cap of 3.75 million would place them 663rd on coinmarketcap.com this coin could 10x and still not break the top 200. Bottom line is it has a lot of room to grow from the ICO price.
Please take note I am not your financial adviser. I am only a Crypto enthusiast who likes to review projects. So please take the time to read thru https://coinanx.com/ white paper to see if you agree with the potential I think this ICO has. Thank you and good luck.