sumurbor: OpenANX | Cryptoexpander (ICO Overview)

The development of the Ethereum block system has caused significant functional changes in the centralized exchange model. Traditional exchanges are closed structures with limited display of security and admission protocols. The decentralized exchange, as a representative of the new generation, has become completely transparent to the participants, but it is also not without flaws, such as inadequate liquidity and the right scale of trading.

OpenANX is an innovative, improved platform developed by the non-profit foundation of the same name. It is managed by a decentralized autonomous organization ("EAO") operating on smart contracts.

OpenANX is a platform for crypto-currency exchange, combining features such as liquidity, typical for centralized spaces, and the openness inherent in crypto-currency systems.

The company's goal is to create a multifunctional trading space that can effectively work with both tokens and with fiat money. Owners of OAX coins will be entitled to vote and return request. Internal tokens will also be needed to register on the platform and access its functions.

Types of membership in OpenANX

User with the right to vote.

Co-founder.

Payment gateway.

Independent service provider.

OAX Features

The project provides an exceptional opportunity to observe the risk in a digital equivalent. Credit tokens issued by the Asset Gateway are capable of creating new dynamics, as they can be traded with the use of a register of orders. The participants of the platform independently determine their own risks, using the mechanism of the security deposit and connection to the network of asset gateways. This combination will ensure the protection of client funds.

Order registers from each Asset Gateway will be combined with the innovative openANX system. As a result, users will be provided with permanent access to the general register of orders.

OpenANX combines the advantages of traditional and decentralized exchanges to create a completely different approach. Frequently changing needs of exchanges will attract many participants.

Centralized exchanges will play the role of asset gateways, providing access to the crypto-currency world. The pledge will be frozen in DAO, and for participants can be issued credit tokens.

Dispute resolution will be entrusted to a third-party objective arbitration court. Openness guarantees justice.

OpenANX Fund is a non-profit education, which will include consultants and directors to ensure the site's operation.

Advantages for participants

Digital risk assessment and the choice of an Asset Gateway using either exchange or OTC Fiat and access to aggregate order lists.

The ability to trade in conventional digital assets, along with locks tokens.

Dispute resolution by impartial service providers.

The currency developed by OpenANX provides the centralized trading platforms with the prospect of entering the structure. This means that they will be able to secure the storage of member assets and issue the equivalent of tokens suitable for trading on decentralized platforms.

In order to prevent conflicts between participants, Asset Gateways will be sent requests for the translation of Ether tokens into smart contracts. OAX tokens are planned to be introduced into trading with a different currency - to reduce risks in case of an inactive market.

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