OAX | Open ANX | Non-Centralized Stock Exchanges

https://oax.org/en

Bitcoin contributed a new paradigm in world finance and policy. Decentralization, anonymity, and return to hands of ordinary people of control over money - all this came together with cryptocurrency. Now any state approximately represents how many money the ordinary person has.
The decentralized economy taketh away this opportunity from the state, and to make finance of each person a private matter. As cryptocurrency hasn't the need intermediaries for the transfer from one person to another, it excludes a possibility of fraud and control. However, to change one currency for another or for fiat money, we can't do without the exchanges.
For the decentralized money, there shall be decentralized exchanges! This logical decision and many companies work on their creation.
OpenANX 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. The main task of the project is creating the multifunctional trading platform that works not only with digital but also with fiat currency.
Ideally, the decentralized OpenANX exchange shan't differ from regular and carry out only information role, and all means shall lie on wallets of users. Of course, those exchanges, which are created now, are still far from perfect.
The OpenANX project lies an autonomous structure, which works on smart contracts therefore always works for the benefit of users. On the platform, users will be able to trade digital assets and tokens of the gateway.
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.

What main objectives at OpenANX?

1. 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.
2. Support of trade in credit risks. Introduction operating of financial risks will give an opportunity for assessment of solvency of gateways. At the same time will provide the trade in credit risks allowing revealing the prices and market "voice" of solvency of the gateway.
3. 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.
4. 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.
5. The help to decentral projects which based the mechanism is (only tokens). Increase in the audience of users and liquidity of the existing decentral projects which do not have access to fiat means. Implementation of synchronization of registers of warrants of a peer-to-peer network of P2P and off-exchange market.
6. 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.
   
   After the detailed description of the OpenANX platform, we will a little talk about founders of the project who set the most important goal for themselves — to simplify the use of the virtual money.
   A group of professionals of the business, having wide experience behind shoulders, develops the cryptocurrency OpenANX platform. Creators provided new types of decentral exchanges which advantages many owners of digital assets will be able to estimate.
   One of the founders of the platform is Ken Lo who won the reputation of the successful businessman in the sphere of the technologies based on a blockchain. The founder and the co-founder of the ANX International Company Hugh Madden who created the majority of the ideas of the project was also an employee of such known companies as AXA and HSBC in which he was engaged in design and development of systems of protection. The considerable role lives of the platform were played by Dave Chapman who is among world leaders in the sphere of finance who has invaluable knowledge in the field of technology a blockchain and operations by scale exchange of cryptocurrency assets.
   Considering that weight which founders of OpenANX have, there is experience, and support of crypto communities, it appears, that their project will be the most perfect.
   
   Use tokens of OAX
   Tokens of OAX can be exchanged for receiving membership in DAO, also they give to the holders the right to vote and the right of the reverse requirement. Besides, tokens will be necessary for the course of registration on service and for the opening of access to its tools. The tokens received thus will be destroyed, for the purpose of further control of inflation. Access to the platform can be transferred, or sold to other users. In system 4 types of membership will be provided, the participant, the participant to have the right to vote, the co-founder, third-party service provider.

• Participant. Has an opportunity to use the platform for execution of the transactional operations.
• Participant of the vote. The user having the right to vote for solutions with respect to ANX platform. These decisions can include adding new functions to the platform. By means of this method of management of the decision will be expedited and it is effective.
• Charter member. Has the right to offer subjects for discussions in addition to their right to vote. These subjects, perhaps, will concern new functions and will be voted. Therefore, founder participants will have a great influence on the future of the OAX platform.
• Third-party service provider: they have an opportunity to provide services in an ecosystem. In process of growth of the OAX platform, any who has such type of membership will have more power and profits.

According to TASS, on July 4 this year, the project team declared an early stop of implementation of digital coins of OAX. Pre-sale of the tokens was launched on June 22. In total for an hour, it was succeeded to sell more than 13 million coins that exceeded initial goals of a crowdsale. Within 11 days of the organization, it was succeeded to realize over 25 million tokens for the total amount of 20 million dollars. The token successfully bargains at present in the market of cryptocurrency.
The OpenANX platform integrated program interfaces of liquid assets with the decentral mechanism of a consensus. It implements the absolutely unique concept of decentral trade services allowing to reduce considerably risks of carrying out operations with the virtual means and to increase their transparency.
The decentral exchanges, as well as many other projects which based decentralization, is waited by the big future.

More news can be found on the links:

• Website: https://oax.org/en
• Whitepaper: https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU.pdf
• Steemit: https://steemit.com/@oax
• BitcoinTalk: https://bitcointalk.org/index.php?topic=1943946
• Facebook: https://www.facebook.com/oaxfoundation/
• Twitter: https://twitter.com/OAX_Foundation
• Telegram: https://t.me/openanxteam!

AUTHOR: Vionaa

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