OpenANX Starts Token Sale

Decentralized Cryptocurrency Exchange is looking for an investitions
22 June 2017   1164
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Since the MtGox's collapse, centralized exchanges were a point of failure in the cryptocurrency ecosystem. Assailable to hackers, cyber attacks, government coercion or plain fraud. Now a new project is seeking crowdfunding via open token sale, transparent and decentralized trading venue technology.

OpenANX from Hong Kong is decentralized exchanges solution created on the Ethereum blockchain. OAX token sale launches today, June 22, 2017.

ANX International and industry veteran advisers are coordinating the launch of OAX. ANX International is a fintech company founded in 2013 with specialization in blockchain technology; it supports ANXPRO, one of the longest running bitcoin trading platform in Asia.

ANX firmly believes decentralized exchanges will dominate the cryptocurrency market. We plan to lead the march toward this future through openANX, which will be fully open sourced, transparently governed, and kickstarted by ANX’s technology, experience in operating an exchange, infrastructure, and wide network of users. 
 

Hugh Madden
Director of Technology, openANX

OpenANX presented key technical aspects that address these problems, including transparent collateral ratings for asset gateways, credit risk markets, the use of smart contracts for memberships, collateral management and dispute resolution, Know-Your-Customer (KYC), and settlement for asset exchange, both for over-the-counter (OTC) and order book-based transfers.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   116

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.