Nasi padang58: OAX - an open and transparent decentralized exchange

Disadvantages of modern crypto-exchange markets:

Crypto-users have recently seen a lot of problems with centralized exchanges. This is

unilateral change of rules (and often not in favor of customers) and delays in payments and forced verification and hacker attacks as a result of insufficient measures to ensure the safety of users and what is most sad is the bazaar (bankruptcy). Some of the notorious scandals associated with crypto-exchange exchanges are Mt.Gox (scam), Btc-e (loss of part of money), Bitfinex (loss of funds by clients as a result of hacker attacks).

Seeing the various shortcomings of the model of centralized exchanges, the crypto community has become increasingly inclined to use decentralized exchanges. Of the most well-known decentralized crypto-instruments, but not devoid of significant shortcomings, we can distinguish Etherdelta, 0x and Raiden.

OpenAnx joins many other existing decentralized exchanges with a more elaborate system of both direct exchange and work with users and, more importantly, a more thoughtful security system.

What is OpenAnx?

OpenAnx is a decentralized platform for the exchange of crypto-currency based on the blockade Ethereum which combines the following features:

1) Liquidity, which is more typical for centralized platforms.

2) Transparency inherent in projects using blockchain.

3) Trading with a leverage

4) Support of toenovy projects (as an example - standard ERC20 ETH)

5) Synchronization of orders between the order register with systems "P2P" (peer-to-peer - peer-to-peer network) and "OTC" (over the counter - over-the-counter market)

The main task of the company is to create a multipurpose trading platform that works not only with crypto-currencies, tokens, but also with the currency of the currency. At all thus, owners of OAX tokens will have the right of a voice and the return requirement. Also, OAX tokens will be needed to register on the exchange and access to its tools.

Model OAX:

The decentralized OAX exchange was launched by the Hong Kong company OpenAnx Foundation, which is headed by the creation of a decentralized stock exchange based on the Ethereum blockbuster. The basic concepts of the company can be found in the official White Paper (English) White Paper- (Russian translation)

The participants of the platform independently determine their own risks at the expense of the deposit mechanism, and also through interaction through the network of asset gateways. It is due to this combination that the funds of the exchange participants will be under reliable protection.

To prevent disputes between the parties, asset gateways will receive requests for transfer of Ether into smart contracts. It is also assumed that internal tokens will be used to trade other coins. This will reduce risks in an inactive market.

The OpenAnx creators team:

A bit and mention the international team of creators of OpenAnx. Many developers have behind them a lot of experience and reputation in the field of the blockbuster industry.

- Ken Lo. A successful entrepreneur, founder of ANX International, one of the world's largest suppliers of services in the field of blockade, is the guarantor of OAX. In addition, Lo has an impressive 20-year business planning experience, working in key positions in such giant corporations as Accenture, Verizon and BT.

- Hugh Madden. The inspiration behind the OAX project. His first business in providing IT security Hugh opened at 16 years in Australia. In 2012, Hugh founded ANX International, co-founded ANX International, one of the world's largest suppliers of services in the field of block technologies.

- Dave Chapman. Dave is an outstanding leader who is one of the founders of ANX International, one of the largest suppliers of services in the field of blockade and is the guarantor of OAX. Dave worked at leading positions in companies such as ABN, Barclays AMRO and HSBC.

- David Tee. David very organically complements the team with more than 25 years of experience in corporate finance, equity financing, private placements, and restructuring across Europe, the US and Asia.

- Gian Chu. Gian is a partner of Jen Advisors, a Hong Kong based Venture company that operates on a blockbuster basis. He is an evangelist from 2013, and is also the founder of the Meetup Groups Ethereum HK and one of the founders of the Bitcoin Association of Hong Kong. Also, Jehan took part in the Google EYE program.

- Chandler Guo. Chandler is an angelic investor in blocking and bitcoin startups. He made investments in more than 20 companies.

- Zane Tuckett. A native of Colorado who moved to China when he was 18 years old. After some time he joined the largest in China bitcoin-exchange, OKCoin as the manager for international operations. In March 2015, he joined another major stock exchange in China - Bitfinex, as director of public affairs.

-Bok Khu. The statistical expert is currently the developer of Ethereum BEc, AIAA and quantitative software. Having more than 28 years of experience working with leading banks, state. institutions, treasuries, Bock decided to take up the development of decentralized exchanges.

The OAX team is helped to realize all its promising ideas by equally experienced developers and advisers who have a significant weight in the crypto community.