OAX - Decentralized OpenANX Platform
Time will inform with a brief review of one of the platforms, and of course this one platform is not less interesting with the previous platform. Hopefully what I describe, at least give a brief description.
Introduce OAX - Decentralized OpenANX Platform

Introduce OAX - Decentralized OpenANX Platform

The openANX platform will leverage technical developments of Ethereum blockchain such as payment channels (Raiden3, 0x, Swap, ERC204) in addition to addressing the challenges faced by the current CEM (Centralized Exchange Model). This will co-opt the strengths of the exchange platform ("Asset Gateways") to the openANX platform and implementing a collateral guarantee system that will give users a way to measure risk. It will also be providing off-chain systems, disputes to increase consumers in need of protection.
By leveraging on the latest technological advances and peer-reviewed and open source code implementation, the openANX platform will integrate the power of existing models while avoiding or reducing the flaws of both systems. In addition, by being an open source, the project will be transparent and subject to monitoring and input from users and the wider community. Instead of centralized authority (government or regulator) the only way to enforce transparency is to write it down into the blockchain itself. The initiative will offer gateway services and bridge the secondary and decentralized market (exchange service) for the Ethereum ERC20 tokens. This Ethereum Tokens can be in the form of the original Ethereum tokens (such as tokens for other DAO),
PLATFORM OPENANX
- The purpose of the
OpenANX Core is the integration of decentralized exchange protocols that emerge into mechanisms that provide transparency to the quality of counterparty partners of service providers. While price discovery and trade transaction execution can be achieved through smart contracts, the practical reality is that not all trade exchange functions can be decentralized. This is Gateway's Asset Gateway. By making available risk assessment indicators available. Importantly, unlike the centralized model, Asset Gateway never holds crypto keys
for both assets - eg fiat gateways, gateways only store fiat currency in any transaction scenario; users retain crypto rights, reducing the user's risk.
Therefore, the participant can not assume the best price for the non-crypto couples trading. This openanx feature enables the execution of more than just crypto trading pair
and will therefore attract trade participants to drive the volume, price efficiency and liquidity, which in turn attracts the market beneficiaries of the economic network.
and will therefore attract trade participants to drive the volume, price efficiency and liquidity, which in turn attracts the market beneficiaries of the economic network.
- Market Infrastructure Market
Infrastructure The openANX platform will consist of:
• Exchange user
• Asset Gateway
• Order book order
• KYC / AML service
• Dispute dispute
• Voting Member - Credit Risk Market
Credit risk determination is a key activity in financial markets. Institutional trade results from each agreement broken down into internal compilers; some trades focus on pricing some market assets risks, while other trading desks focus on credit risk. The profitability of an agreement is then attributed to credit and market risk separately. The ability to exchange credit risk is largely lost from the current crypto market. openANX will support the "Credit Risk" order book. In this way, ANXUSD tokens can be traded against another gate token (say maybe AcmeUSD). For example, ANX may have a strong public brand, and a high level of warranty that is locked in DAO relative to token issues,
Order book opened by DAO upon request of sponsoring user. Often the Asset Gateway itself will sponsor an order book for its tokens, for example the ANX gateway opens the ETH / ANXUSD order book. - Liquidity Aggregation
Liquidity has a strong network effect, once an exchange or place becomes the largest in terms of liquidity, it quickly attracts more liquidity until other bourses can not compete. This arguably produces a small group of centralized crypto exchange dominating the market for a period of time, such as legal, security, or credit event stops operations.
The openANX platform resolves this issue through the implementation of aggregate order books, plus credit risk trading books. Consider a situation where there are three order books:
- ETH / ANXUSD
- ETH / ACMEUSD
- ANXUSD / ACMEUSD
- Users of openANX OpenANX
users looking for onboard cardboard currency to blockchain will initially require the services of an asset gateway. Availability of public credit risk and Assurance metrics should help users choose the appropriate gateway. Users can be expected to register through a dedicated online service for each gateway, similar to the current situation with centralized exchange.
Gateways in most jurisdictions will require multiple levels of KYC and AML; the Asset Gateway, or to an external service
provider if the Asset Gateway utilizes a third party. Upon approval of KYC / AML (if requested by Asset Gateway), users may use a payment method supported by Asset Gateway to deposit funds. The Asset Gateway will then file a specific token of ERC20.
The user will then have the option to trade through a decentralized user interface provided by openANX or trade a new token directly printed with the available decentralized ERC20 exchange. It is expected that users typically use the openANX trading interface, as per the
Book aggregation order .
Book aggregation order .
- OpenANX Platform Technology The openANX
platform technology is as follows:
•
Smart Contracts Ethereum to govern and operate the market as specified
• Integration with one or more exchange channels (mainly Swap, Raiden, or 0x) to support matching
• APIs for any off-chain intersections with gateways, trading, KYC, book order entry, dispute resolution, DAO governance and service improvements
• Standard, user interface reference implementation to enable account and trading management the community will also provide additional user interface as a fully open platform)
Read more:
Website: http://www.oax.org/en
Whitepaper: https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU_V2.3.pdf
ANN Thread: https://bitcointalk.org/ index .php? topic = 1943946.0
Bounty: https://bitcointalk.org/index.php?topic=1947373.0
Youtube: https://www.youtube.com/channel/UCWzKmt7vtbjSprobArNzqBw/videos
Golos: https://golos.io/ @oax
Steemit : https://steemit.com/@oax
Medium: https://medium.com/@OAX_Foundation
Google +: https://plus.google.com/115547196916749309616
LinkedIn: https: //www.linkedin. com / company / oax-foundation /
Slack:http://bit.ly/SlackFebInvite
Telegram: http://t.me/openanxteam
Facebook: https://www.facebook.com/OAX-1570067026365316/
Twitter: https://twitter.com/OAX_Foundation
Reddit: https : //www.reddit.com/r/OpenANX/
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My Account:
Bitcointalk Username:maryatibtc
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1933617;sa=summaryETH: 0xEdd3a3750A7B0905D69c77df210dCb23a38a526A
Website: http://www.oax.org/en
Whitepaper: https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU_V2.3.pdf
ANN Thread: https://bitcointalk.org/ index .php? topic = 1943946.0
Bounty: https://bitcointalk.org/index.php?topic=1947373.0
Youtube: https://www.youtube.com/channel/UCWzKmt7vtbjSprobArNzqBw/videos
Golos: https://golos.io/ @oax
Steemit : https://steemit.com/@oax
Medium: https://medium.com/@OAX_Foundation
Google +: https://plus.google.com/115547196916749309616
LinkedIn: https: //www.linkedin. com / company / oax-foundation /
Slack:http://bit.ly/SlackFebInvite
Telegram: http://t.me/openanxteam
Facebook: https://www.facebook.com/OAX-1570067026365316/
Twitter: https://twitter.com/OAX_Foundation
Reddit: https : //www.reddit.com/r/OpenANX/
========================
My Account:
Bitcointalk Username:maryatibtc
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1933617;sa=summaryETH: 0xEdd3a3750A7B0905D69c77df210dCb23a38a526A
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