My questions:
1. How does openANX make revenue?
2. Who or what entity holds the equity in the organisation?
Thank you for the questions, lolzo
Asset gateways and the DAO will share fee revenues earned through the operation of payment and exchange channels.
The DAO revenue will be stored as an emergency fund which will be used to:
- Power payment and exchange channels to add utility to the openANX platform and Ethereum ecosystem
- Provide collateral shortfall support to users in the case of a gateway credit event (limited to a percentage scaled by the gateways collateralisation metrics)
https://www.openanx.org/assets/16c693_557c8cacf0884fafb88ee5ba4045ca6d.pdfWhat is the distinction between the non-profit Open ANX Foundation and ANX International?The Open ANX Foundation and ANX International (ANX) are separate entities. ANX will contribute proprietary IP to kick-start the openANX platform. Maintenance and funding for the openANX platform will be performed by the non-profit Open ANX Foundation. After the platform launch, ANX will merely be an asset gateway and supplier on the openANX platform. Other suppliers can be selected by the DAO governance board.
What is the DAO and how does it interact with the openANX platform?DAO stands for Decentralized Autonomous Organization, it functions using smart contracts on Ethereum. openANX abides by the DAO, which is governed by the voters on the platform. This is one of the many strengths of the openANX platform the governance is decentralized and can mould the way the platform behaves and develop
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