OPEN ANX "Real World Application of Decentralized Exchanges"
OAX is an ERC20 token developed for the purpose of working as a decentralized currency for the "openANX" platform.
The main feature of this currency is how it works, because it is crypto-chain off-chain, it offers better protection to consumers against credit risk and liquidity enhancement thanks to DAO, Decentralization Autonomy.
This will help the current high risk for using large-scale trading methods that most cryptococcuses work using a decentralized system, all transactions out of the chain and migrated directly to the public, an open domain governed by DAO.
OAX has all the features that make it an attractive alternative to everything else that is in the market right now. For instance, it’s highly secure. Its major source of security comes from the fact that takes a collateralized digital approach, which means that the exchange only holds one key to a crypto, while the client holds the other. This way, even if the exchange is hacked, the chances of clients losing their funds, as it happens in centralized exchanges are greatly reduced.
The OAX exchange is very liquid. Liquidity is the primary reason why investors shy away from decentralized exchanges in favor of the riskier centralized exchanges. OAX’s liquidity is achieved through pooling of investor funds a credit risk market, making it easy for traders to get orders through this exchange, and at the best rates in the market.
With all these advantages that the OAX exchange offers to investors, it’s not hard to see why the OAX (OAX) token will grow in value. It has a good fundamental backing, given that it represents an exchange that is better than what is in the market, both centralized and decentralized. This is one token that makes sense for an investor to put their money in.
As the project believes decentralized exchanges will dominate the cryptocurrency market, I honestly see them to be on the right track.
Token Sales and Distribution
The sale of OAX tokens began on June 22, 2017 and was completed on July 4, Approximately $ 25 million of OAX token was sold to the participant for approximately $ 18.76 million (1 ETH = 478.68 OAX ) . We have not had any problems in the sales process. As you know, ICO sales are experiencing frequent problems such as hacking or postponement.
There are a total of 100 million tokens. Approximately 25% of the total number was sold.
The market value of the Open ANX platform is approximately US $ 75 million based on token sales pricing . This price will start to change as the OAX commodity starts to open.
Remember that most tokens will be locked for at least 1 year and the prototype must be released before this. For this reason, we can assume that OAX investors will be happy because of their involvement in ICO .
To learn more about OAX visit http://www.oax.org/en and the links below, remember to take time to read the WhitePaper and visit other channels available, for anything else in connection with the project visit the links below;
Website: http://www.oax.org/en
Twitter: https://twitter.com/OAX_Foundation
Telegram https://t.me/openanxteam
AUTHOR:Demang45
ETH:0xc22294645422DAd5769D3AF79bE43c54E4eC547E
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