HONG KONG, July 4, 2017 /PRNewswire/ -- The Open ANX
Foundation Limited (The "Foundation") announced today that it has
closed the OAX Token Sale ahead of schedule after it surpassed its
initial funding goal. The campaign opened on 22 June with the
objective of selling a minimum of 13 million OAX tokens and
achieved that milestone in less than an hour. As of the
closing on 4 July, the Foundation has sold 25,009,250 OAX tokens in
less than 11 days, or a total of $18,756,937
USD at the sale exchange rate of 478.68 OAX per ETH.
Ken Lo, a Director of the
Foundation said, "We are extremely happy with the results of the
OAX Token Sale. We are thankful to the community who have rallied
around the openANX platform concept. Our team feels strongly that a
large, engaged community will be a key factor in the success of the
project. With over 4,400 participants that have exchanged 52,246.28
ETH for OAX tokens and the majority of our backers are individual
contributors rather than the "whales" that have filled some token
sales. We are grateful for all those who participated and supported
the project."
openANX is a decentralized platform for cryptocurrency
exchange that will include strong aspects of consumer protection
and transparency "hardcoded" into the infrastructure. These
measures include collateral backed asset gateways, credit risk
trading, liquidity aggregation and an open source code base. By
allowing users of the platform to move fiat currency on or off the
blockchain with confidence, the aim of the project is to accelerate
the mass adoption of cryptocurrencies and reduce risk for
users.
The Foundation is now working on the next steps, the
details of which will be revealed in the coming weeks. First among
these will be the launch of a "User Group" of exchanges to help
define and determine industry best practice and guidelines. This
will be accompanied by an ongoing campaign to get out and meet the
community, advisors and exchanges and to expand its network of
relationships and backers.
Notes to Editors
ABOUT Open ANX Foundation Limited
Open ANX Foundation Limited (the "Foundation") is a
non-profit-making entity established under the laws of the Hong
Kong Special Administrative Region as a company limited by
guarantee. The objective of the Foundation is to promote the
real-world application of the openANX Platform ("openANX Platform"
or "openANX"), an open source, decentralized digital assets
exchange along with the development of a bespoke token called
OAX.
ABOUT openANX
openANX is built on the Ethereum blockchain and will utilize
decentralized exchange protocols to allow cost-effective trading
with reduced credit risk. By combining an open-source,
decentralized matching engine alongside collateral-backed asset
gateways, the openANX platform greatly improves consumer protection
and transparency while significantly reducing risk. For more
information, please visit: https://www.openanx.org/en/.
ABOUT the Project Team
The launch and groundwork of openANX is currently being
coordinated by ANX International and veteran advisors from the
industry. Founded in 2013, ANX International is a Hong Kong-based, market leading FinTech
company specializing in blockchain technology. Its development team
is among the world's largest with proven ability of operating
ANXPRO, one of the longest running bitcoin trading platforms in
Asia. Highly experienced in
cryptocurrency with passion to match, the openANX team consists of
the industry's brightest technology, business and legal minds.
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SOURCE Open ANX Foundation Limited