OAX : Provide Transparency As A Quality Of Partner Loans From Service Provider Participants (ie Asset Gateway)

Hello everyone, in this new post I want to introduce about the OAX project, and for more details let's just go to the following discussion:

About OpenANX (OAX)
The openANX project is different from pure decentralized exchange initiatives as it recognizes that non-trading ancillary services are required for attracting the critical mass of users required for a functional ecosystem network.

Central to openANX is the integration of emerging decentralized exchange protocols to a mechanism that provides transparency as to the counterparty credit quality of service provider participants (i.e. Asset Gateways). While price discovery and trading transaction execution can be achieved through smart contracts, the practical reality is not all trading exchange functionalities can be decentralized.

These services are required in order for an exchange to achieve critical mass the next best solution is to provide the means for appropriate risk assessment of these Asset Gateways. By making available risk assessment indicators (including but not limited to the posting of collateral, membership levels, verified identification information, and other records onto the blockchain) and formalizing defined dispute resolution mechanisms (also inserted onto the blockchain), participants are provided with transparent access to important information needed to evaluate the credit quality of Asset Gateways.

These features of openANX enable the execution of more than just crypto pair trading and will therefore attract trading participants to drive volume, price efficiency and liquidity, which in turn draws other market participants who provide additional useful functions to the network economy. These would include not only existing centralized exchanges who bring their existing transaction volume, but also other participants such as rating agencies who evaluate Asset Gateway creditworthiness and credit risk arbitrage traders who effectively provide market pricing.

Open source, decentralized, transparently governed exchanges will eventually dominate the crypto currency market. With the increasing maturity of the Ethereum Network, Raiden and governance frameworks such as boardroom.to, that vision is increasingly viable.

The main purpose of OpenANX

1. Transfer an exchange platform that exists in the Asset Gateway, connecting thereby Fiat and token transparently. On the platform, it is planned to implement the data integration gateway in the available trading platform architecture. Connect an existing exchange platform to the network and implement a security deposit system that will serve more liquidity for users.
2. Trading support in credit risk. Introduction to financial risk operations will provide an opportunity for a gateway solvency assessment. At the same time it will provide credit risk trading that allows disclosing prices and marketing the "voice" of the solvency gateway.
3. Support dispute resolution in their original case. Access offered to the collateral fund for cases of origins of the contested situation provides an off-exchange dispute resolution system, which is legally fixed to ensure much needed customer protection.
4. Unite with warrants list through patented ANX International technology. For a combined log of warrants, on its own platform, the liquidity connection technology of the gateway that takes parts and indexes of other platforms will be used.
5. Assistance for decentralized projects based on mechanism is (token only). Increased user audience and liquidity of existing decentralization projects that do not have access to fiat facilities. Implementation of synchronization of warrant registers from P2P peer-to-peer networks and off-exchange markets.
6. Transfer an existing ANX user base on the new platform. Peer involvement for resource applications guarantees the initial number of users required, and further increases their quantity due to the creation of a new exchange on the basis of the OpenANX platform and its existing technology implementation. The provision of alternatives to operations with classical logs thanks to the adoption of OTC P2P mechanisms is aware of the possibility of trading through a private, easy-to-control and fast channel.

Token Allocation and Distribution

The supply of OAX is limited to the number of one hundred million (100,000,000) in total (including those available for sale during the Token Sale) and will be generated upon the launch (“Token Launch”).

The tokens will be distributed in the following manner:
80% (30/30/20) of the tokens will be eventually allocated amongst the community; the remaining 20% will be allocated to the Foundation initiator, early backers, and the development team.

The OAX Token
The OAX token (OAX) is a native Ethereum divisible digital token with up to 18 decimal places. The total number of OAX tokens to be issued is 100,000,000.

OAX Token distribution model

Restriction on the use of the funds

To remain in line with the spirit of the project’s open and transparent philosophy, all funds shall be tracked and reported according to the Foundation’s guidelines. A custodian will monitor the usage of the digital tokens and share it with the community periodically.

1. Financial planning and reporting
   The Foundation shall develop financial planning and review financial performance of the previous quarter.
2. Digital tokens management
   The digital tokens belonging to the Foundation shall be managed by authorized
   personnel. The security of digital tokens is ensured by multi signature technology.
3. Digital wallet protocol
   The Foundation’s digital wallet shall be protected by a multiple signature technology mechanism.
4. Disclosure
   On a regular basis, the Foundation shall disclose on the topics regarding community matters, including status of development, operations, and the usage of tokens, as well as whether the Foundation operates in accordance with the
   governance policy.

ROADMAP

TEAM

To find more relevant details of the OAX project please you follow some resources for the following references:

WEBSITE: https://oax.org/en/
WHITEPAPER: https://www.oax.org/assets/whitepaper/openANX_White_Paper_ENU.pdf
FACEBOOK : https://www.facebook.com/OAX-1570067026365316/
TWITTER: https://twitter.com/OAX_Foundation
TELEGRAM: http://t.me/openanxteam

Bitcointalk Username: KidsJamanNow

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1308879