OAX

OAXOAX

openANX
$0.221494
-6.55%
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  • Market Cap
    $14,979,625
  • 24h Vol (Global)
    ฿149 ($1,177,840)
  • Circulating Supply
    67,630,082
  • Issue Date
    2017-06-22
  • Issue Price
    $0.750000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
100,000,00067,630,0822017-06-22$0.750000
POW1
etherscan.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
100,000,000Ethashhttps://github.com/openanx/Opehttps://oax.org/TOKEN

OAX is an ERC20 token developed to fuel an open-source decentralized exchange platform “openANX” which provides an aggregated order book to increase liquidity; holds collateral for asset gateways to reduce credit risk; and features an off-chain, predetermined dispute resolution system governed by the Decentralized Autonomous Organization(DAO) to maximize consumer protection. With improvements in the Ethereum blockchain ecosystem brought about by state/payment channel developments and decentralized governance methodologies such as boardroom.to, significant functional improvements can be considered to the entire Centralized Exchange Model (“CEM”). Key to this concept is the deployment of a new decentralized exchange platform that allows transparency for end users, holds collateral for participating gateways and provides a predetermined channel for dispute resolution. Currently, centralized exchanges are opaque, closed systems with limited visibility of security and access protocols, while the first generation of decentralized exchanges fails to adequately provide liquidity and trade volume for users. This white paper provides the pathway to a new, significantly improved platform governed by a decentralized autonomous organization (“DAO”), which in turn shall be developed by the Open ANX Foundation (the “Foundation”), a non-profit foundation. Furthermore, we shall explore the importance of governance and transparency required of any exchange system in order for it to be effective. The paper will provide an outline of the openANX project (“openANX” or the “Project”), milestones in the development, and delve into the requirements needed to ensure that the project avoids the pitfalls of previous decentralized exchange developments.

Teams
    Paul Li

    Paul Li

    Legal

    Paul was previously in the Financial Regulation Group at Linklaters in Hong Kong. There, he advised his clients on a wide variety of matters concerning compliance with local and international regulatory requirements, corporate transactions and the licensing of financial services businesses. He also brings with him experience of working with international regulators on investigations at both retail and institutional firms.

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    David Tee

    David Tee

    Co-Founder

    David brings significant professional experience to the team, with over 25 years of corporate finance experience in equity and debt public financings, private placements, mergers & acquisitions and restructurings throughout Asia, Europe and the U.S.

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    Dave Chapman

    Dave Chapman

    Co-Founder

    Dave is an invaluable leader who co-founded ANX International, one of the world’s largest blockchain service providers and backer of OAX. As the COO at ANX International, Dave is a thought leader in operating a global crypto-assets exchange, with leadership domain knowledge in the blockchain industry. His professional experience involves working with some of the world’s biggest financial brands on Project Management and Delivery. He has worked at HSBC, ABN AMRO and Barclays.

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    Hugh Madden

    Hugh Madden

    Co-Founder

    Hugh is responsible for much of the vision behind the OAX project. He has a strong commitment to the future of digital assets and a belief that access should be free and open to all. Hugh started his first business when he was 16, providing security services for companies in Australia. He has worked for various financial service firms (HSBC and AXA) building and designing their systems and security. In 2012, Hugh founded ANX International, one of the world’s largest blockchain developers and a backer of the OAX project.

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    Ken Lo

    Ken Lo

    Co-Founder

    Ken is a successful serial entrepreneur who co-founded ANX International, one of the world's largest blockchain service providers. As the CEO of ANX International, he has over 5 years experience in blockchain strategies, extensive knowledge in running world-class crypto-assets exchanges, and providing innovative solutions to many blockchain platform operators. Ken has 20 year's experience in business strategy and execution working for MNCs like BT, Accenture, and Verizon.

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    Winnie Mak

    Winnie Mak

    Director, Corporate Finance

    Winnie has had extensive experiences in public equity research as well as private equity investment. Prior to joining the OAX project, she was director of equity research at Deutsche Bank.

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    Wayland Chan

    Wayland Chan

    Technology Lead

    Wayland has spent the last 6 years at HSBC as senior development manager and has been involved in a number of key projects for the Global Markets division. A highly-skilled manager of IT systems and development projects, he has more than two decades of experience with different technology and financial services companies in Canada, Germany, and Hong Kong. As Technology lead, he works with the development team on delivering the OAX platform project, with a focus on tackling the security, scalability and liquidity challenges that decentralized exchanges face today.

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    Amanda Liu

    Amanda Liu

    General Manager

    Amanda has over 20 years of experiences in the banking industry, having held senior positions at global banks including ANZ, BNP Paribas and Commerzbank. At her most recent role, as Head of Corporate & Institutional Banking at Banco Santander in Hong Kong, she was responsible for managing a portfolio of conglomerates and multinational companies and has been involved in cross-border transactions in major global markets including Singapore, Australia, the UK, Brazil, and Spain.

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ICO
ICO Date
ICO Raised Date2017-06-22
ICO end date2017-07-22
ICO Supply Amount
ICO Token/Coin Supply100000000 OAX
Hardcap30000000 USDT
Softcap13000000 USDT
Supply Change
Total Supply Change Before ICO- OAX
Total Supply Change After ICO- OAX
ICO Amount
ICO price0.75 USDT
Actual Fundraising18756937 USDT
AcceptingETH
Introduction

OAX is an ERC20 token developed to fuel an open-source decentralized exchange platform “openANX” which provides an aggregated order book to increase liquidity; holds collateral for asset gateways to reduce credit risk; and features an off-chain, predetermined dispute resolution system governed by the Decentralized Autonomous Organization(DAO) to maximize consumer protection. With improvements in the Ethereum blockchain ecosystem brought about by state/payment channel developments and decentralized governance methodologies such as boardroom.to, significant functional improvements can be considered to the entire Centralized Exchange Model (“CEM”). Key to this concept is the deployment of a new decentralized exchange platform that allows transparency for end users, holds collateral for participating gateways and provides a predetermined channel for dispute resolution. Currently, centralized exchanges are opaque, closed systems with limited visibility of security and access protocols, while the first generation of decentralized exchanges fails to adequately provide liquidity and trade volume for users. This white paper provides the pathway to a new, significantly improved platform governed by a decentralized autonomous organization (“DAO”), which in turn shall be developed by the Open ANX Foundation (the “Foundation”), a non-profit foundation. Furthermore, we shall explore the importance of governance and transparency required of any exchange system in order for it to be effective. The paper will provide an outline of the openANX project (“openANX” or the “Project”), milestones in the development, and delve into the requirements needed to ensure that the project avoids the pitfalls of previous decentralized exchange developments.

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