The actual application decentralized exchanges
What is openANX?
openANX platform will use the technical developments blockchain Ethereum (Raiden, 0x, Swap, ERC20) to overcome the problems faced by the current model of centralized Exchange (ICR). The system will use the strengths of the existing models to improve decentralized exchanges by combining existing stock exchanges ( "Assetnyh gateways") to the network and to ensure system security deposit, which will provide users with a way to measure risk. The platform will also provide a legal dispute settlement system, which is so necessary for the protection of consumers' rights.
The key deliverables for openANX are:
- Migrating existing exchanges as Asset secured by combining Fiat with tokens in a transparent manner
- Provide trade credit risk, to enable the pricing mechanism and the "voice" of the market to determine the creditworthiness of a gateway
- Authorization for access to the collateral in the event of disputes
- Register combine orders using proprietary technology ANX International (hereinafter «ANX») «Total IP Liquidity" and the merger of liquidity involved Asset Gateways
- Help the decentralized projects, which are based on the mechanism of "only tokens", and who do not have access to and support for Fiat to increase liquidity and open access to the general public
- Synchronization of orders between registry systems with orders «P2P» (peer-to-peer - peer-to-peer) and «OTC» (over the counter - OTC market)
- Migrate existing ANX international user base; as well as a consortium of new and existing exchanges that are ready to transition to the platform openANX
Disadvantages model of centralized Exchange (MTSO)
ICR allows companies to provide buying / selling services or tokens in exchange for other assets through a central platform for a fee (commission). The commission suggests that the service provider will support customers, to provide security and offer additional services. Strengths of the system with time evolved regarding banking relationship (or the opportunity to exchange Bitcoin Ethereum for cash) and provide liquidity. However, with repeated violations of security in different markets and mismanagement, the faith community in ICR increasingly weakened. The main issue is one of trust - without effective risk measurement method, users tend to underestimate their potential.
The era of decentralized exchanges
Disadvantages of centralized exchanges prompted by the emergence of decentralized exchanges. Two categories can be distinguished in the global scale; first category only works with Fiat, the second only works with digital tokens. Began to appear decentralized exchange working with digital tokens ( https: // cryptoderivatives ) and protocols such as 0x and Raiden to trade one token based blockchain. The exchange between the network and the appearance blockchain lightning exchanges there between, is promising.
transparency of risks
The ability to assess the risks in terms of numbers is unique to openANX platform. Tokens create new dynamics and increase transparency.
Combining orders
Orders from each Asset will be combined using special liquidity combining system (liquidity aggregation system) embedded ANX. The end user will have access to a single, perfect order book (order book).
participants
openANX leverages the strengths of both centralized and decentralized exchanges. To meet the growing needs of the exchanges will attract many participants.
Asset Gateways
In the future, customers will sell its assets through decentralized trusting exchange. They will interact with the existing centralized exchanges and real world funds; but now the consumer will be protected blockchain and real dispute settlement process.
settlement of disputes
Disputes may escalate beyond Asset gateway. There is an impartial dispute resolution mechanism with the help of a third party.
openANX Fund
The aim of the fund is to promote the actual use openANX platform. This non-profit organization.
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Founders
Ken Lo - He is a successful entrepreneur who co-founded ANX International, one of the world's largest service providers in the area and is the guarantor blockchain openANX. With more than 5 years of experience in the field of blockchain and being CEO of ANX International, he has extensive knowledge of working with the exchanges cryptocurrency internationally and offers innovative solutions for many exchange operators in blockchain. Ken has 20 years of experience in strategic business planning and business management, having experience in multinational corporations, such as BT, Accenture and Verizon.
Hyu Medden - Hugh is at the origin and was the initiator of most of the concepts and ideas openANX project. He firmly believes in the future of digital assets, and believes that access should be free and open to all. Hugh started his first business when he was 16 years, providing security services companies in Australia. He has worked in various firms for financial services (HSBC and AXA), where he designed and built the structure and a security system. In 2012, Hugh founded ANX International, co-founded ANX International, one of the world's largest service providers in the area and is the guarantor blockchain openANX.
Deyv Chepmen - Dave - an invaluable leader who was one of the founders of ANX International, one of the largest service providers in the world in the field and is the guarantor blockchain openANX. As chief operating officer ANX International, Dave is a leading specialist in the management of global exchange cryptocurrency, with all the necessary knowledge in blockchain industry. His professional experience includes working with some of the world's largest financial leaders on the management and implementation of projects. He worked at HSBC, ABN AMRO and Barclays.
David T - David completes his command considerable professional experience, with more than 25 years of experience in corporate finance and equity and debt financing, private placements, mergers and acquisitions, as well as restructuring throughout Asia, Europe and the United States.
Zhean Chu - Zhean Chu is partner Jen Advisors, a young Hong Kong venture company, operating on the basis of blokcheyna. He was blokchein evangelist since 2013, and is the founder of Meetup groups Ethereum HK and Hyperledger HK, and one of the founders of the Hong Kong Association of Bitcoin.
Go Chandler - Chandler Go investor-philanthropist and advisor Bitcoin and blokchein startups. BitAngel has investments in over 20 companies.
Zeyn Takett - Zane Colorado native who moved to China at age 18 to study the Chinese language. After spending several years studying the language, he joined China's largest bitcoin exchange, OKCoin, as manager of international operations and established an international team in April 2014.
Bok Khoo - Developer Ethereum BEc, AIAA, director and consultant is an expert in statistics and developer of quantitative (quantitative) software with more than 28 years of experience in this industry. Boca clients were banks and corporate treasury, investment managers, government agencies, stock exchanges and financial software vendors in Australia, New Zealand, Asia, the UK and Europe. Bock is known by the nickname BokkyPooBah on Ethereum.StackExchange.com, github.com and reddit.com/r/ethereum, he is currently working on decentralized exchanges do not require trust ( https://cryptoderivatives.market/ ) and on the traditional financial tools for decentralized blokchein based platform Ethereum.
Benefits OAX tokens
OAX - is a token with which you can get a membership to the DAO and the community. Participants will be certain privileges. It should be noted that the participants will not have rights in relation to the fund of the economy, but they are able to influence policy development through the right to vote, which they own with the help of the token.
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