openANX is a completely open source, transparent regulatory trading system. Aims to create a truly open source and decentralized platform that integrates existing CEM and credit risk assessments, structured dispute mediation and mortgage deposit systems in a hybrid mode to help users, suppliers and The third party reasonably assesses the long-term uncertainties in the market. OAX is a token that can be redeemed for membership in the DAO and its associations, and participating members will be entitled to certain rights, including but not limited to voting rights on major operating decisions related to the openANX platform.

1. openANX platform

The openANX platform will take advantage of the technical development of the Ethereum (Ethereum) blockchain, such as payment channels, 0x, Swap, ERC204), etc., to cope with 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, and provide users with Basis for risk assessment. 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 for scrutiny and participation by users and the masses. To be an alternative to a central authority (government or regulator), the only way to ensure transparency is to write transparency into the blockchain.
The openANX platform adopts the latest technology, as well as peer-evaluated and applied open source code; it will combine the advantages of the existing CEM model with the best functions and features of the decentralized model, while Avoid the disadvantages of these two systems.

2. OAX Token

OAX is a token that can be redeemed for membership in The DAO and its associations, and participating members will be entitled to certain rights, including but not limited to voting rights on major operating decisions related to the openANX platform. Note that members do not enjoy any economic rights of the Foundation at any time.
Although the core concept of the project is a fully open platform, users can only participate in the policy-making process through voting rights. way. If a user wishes to obtain voting rights, or become a third-party service provider, including but not limited to the following: KYC, asset gateway or other services, a participating membership is required.

(The above information comes from OAX official website and OAX white paper)

Related Links:
https://www.oax.org/
https://www.oax.org/whitepapers/openANX_White_Paper_CN.pdf