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    Author Topic: [ANN] - OAX Foundation  (Read 136371 times)
    Terraformer
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    September 27, 2017, 10:36:20 AM
     #1401

    I would say a "true believer" is someone who is crazy enough to buy tokens from the market right now, i.e. knowing that the project has no code, one developer, and posts vague nonsense on the OAX Medium about their reflections on China's policies.


    I made some inspection and read OAX website. They have plenty of managers and such kind of non-productive personnel and they have one coder and one developer. OAX should publish their burn-rate that's overall overhead expenses.  without aforementioned that there is plenty of hope in the air and now I understand the frustration among some investor. With such kind of big team, at least PR should be appropriate.

    Positive thing is that they co-operate with 0x. However there is not guarantee will the co-operation be productive or not.
    other positive thing is forthcoming announcement in October, Perhaps OAX has hired second coder/ developer.  Smiley

    Technically speaking building the exchange is not necessary rocket-science, but on going regulation can affect of profitability. Decentralized exchanges can get around some regulation, because DEX is technically OTC market place.

    as the market theory states there is not necessary easily obtainable free lunches. The project with more solid plan are usually more expensive, but even though with the solid plan the project will fails. The project always entail risk and some risks are beyond the control of the personnel of the project.


    Looking forward for that October announcement. Please hire some more coders, do something substantial: working demo, sign more contracts with partners, etc.
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