Jun 21st 2017
a year ago
Jul 4th 2017
a year ago
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At the core of the openANX platform is the Decentralized Autonomous Organization, which is run by smart contracts. The governance model affects the way the DAO behaves, thus always staying in the best interest of all participants. Risk Transparency. The ability to assess risk in a quantifiable way is unique to the openANX platform. Gateway tokens can be traded, creating a new dynamic and further increasing transparency. Aggregated Order Books. Isolated order books from each asset gateway will be aggregated using the liquidity aggregation system provided by ANX. The end user will have access to a single, seamless order book. Participants. openANX takes the strengths of both centralized and decentralized exchanges to create a new middle ground. Addressing the evolving needs of exchanges will attract many participants.
Asset Gateways. In the future, customers will be trading their assets through decentralized trustless exchanges. They will only interact with existing centralized exchanges for onboard and offboarding real world funds; but now the consumer will be protected with blockchain locked collateral and a real-world dispute resolution process. Dispute Resolution. Disputes can be escalated beyond the asset gateway. An impartial dispute resolution mechanism exists through a third party. The Foundation’s objective is to promote the real-world application of the openANX platform. It is a non-profit organization.