I. Project Introduction
openANX is a completely open source, regulatory and transparent trading system. Aims to create a truly open source and decentralized platform that integrates existing CEM and credit risk assessment, structured dispute resolution and collateral deposit systems in a hybrid model, helping users, suppliers and The third party reasonably assesses the uncertainty existing in the market in the medium term. OAX is a token that can be exchanged for DAO and its association membership, and participating members will be entitled to certain rights, including but not limited to voting rights in major business decisions related to the openANX platform.
Second, openANX platform
openANX platform will use the technical development of Ethereum (Ethereum) blockchain, such as payment channel, 0x, Swap, ERC204, etc., to Meet the challenges brought by the current centralized trading platform model (CEM). It will draw on the advantages of the existing model to improve the operation of the decentralized trading platform, by establishing the link between the existing trading platform (asset-agnostic) and the infrastructure network, and strengthen the collateral deposit system to provide users with Risk assessment basis. At the same time, it will provide an off-chain, legally binding dispute arbitration mechanism to provide much-needed consumer protection.
Furthermore, by being open source, the project guarantees its transparency and allows users and the masses to scrutinize and participate in it. To be a replacement for a central authority (government or regulatory agency), the only way to ensure transparency is to write transparency into the blockchain.
openANX is a platform that uses the latest technology and open source code that has been evaluated and applied by peers; it will combine the advantages of the existing CEM model with the best features and capabilities of the decentralized model. Features, while avoiding the shortcomings of both systems.
III. OAX token
OAX is a token that can be used to exchange for DAO and its association membership. Participating members will be entitled to certain rights, including but not limited to Voting rights to major operating decisions related to the openANX platform. Note that members do not have any economic rights in Foundation at any time.
Although the core concept of the project is to fully open the platform, users can only participate in the policy formulation process through voting rights. How to get membership. If a user wishes to gain voting rights, or become a third-party service provider, including but not limited to the following: KYC, asset clearance or other services, a participating membership is required.
