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January 2021 Community Update

Welcome to the beginning of 2021!

We begin with the recapping of a piece of news that we announced December 2020: a grant given to IJS Technologies for a community-driven open source DeFi swap platform. We never had an official grant platform where we call for yearly submissions etc, but as we’ve mentioned in the past, we love having conversations with different players and look for opportunities to work together while supporting this space. We followed up with our announcement to give a bit more color as to the type of projects we generally pay more…


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Working with Our Community

Following the recent announcement about the grant given to IJS Technologies, many in our community have asked for more information regarding the grant and the program outline.

As we mentioned in our previous announcement, the Foundation was set on certain firm principles. The belief that decentralization held the key to the digital asset future and was the way to move forward. That open sourcing our code was necessary for the accelerated growth of this space. …


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We continue from our article last month delving into the history of the traditional financial system, and how society’s progression and technology advancements over the course of time were required to shape the institution we know it as today. As we trace the advancements within the industry, we consider the implications for the new horizon we see today: digital assets. Will the history books look back to this time and see it as the natural evolution of the financial market or the takeover of a new industry?

Dematerialization

One persistent centralizing bottleneck in the traditional landscape was the markets’ dependence…


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Last year’s global pandemic, extensive lockdowns, and resulting market volatility — one of the biggest recessions on record followed by one of the fastest recoveries — were unprecedented, with the result that no one can be sure of what to expect in the new year.

That said, in the technology world some trends are clear: with millions under lockdown in their homes, the value of resilient internet-based access was reemphasised. And for cryptoassets, token price volatility driven by global markets disruption and the uncertainty generated by concerns about pump-and-dump scams answered long-standing questions about whether cryptocurrencies are a safe-haven asset…


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Revisiting Key Moments in 2020

Covid-19 sent 2020 down the rabbit hole, altering our day-to-day lives, changing the pace and working habits of all of us around the world. But time stops for no one, and 2020 has seen some amazing work done in the digital asset space.

Our team likes to gather at the end of every year and take the time to reflect on some of the milestones that marked the last 12 months — for the industry, our partners and the space we work in. Which were the headlines that stuck out to us? …


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We’re pleased to announce that IJS Technologies has received a grant from OAX Foundation for their community-driven open source DeFi swap platform. The OAX Foundation sees true potential in this company and their approach to addressing the challenges being faced by the current digital asset swap landscape.

At OAX Foundation, we truly believe in digital assets and the future it could play in the mainstream financial system. Despite all the discussions that surround the topic today, we’re simply scratching the surface of its potential. The Foundation remains open to exploring all areas within this space, and one way to do…


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In the distant past, various forces drove markets to centralize: the need for people to transact goods face-to-face via auction or ‘open outcry’, receive payment and make physical delivery, and the need to guard against fraud or non-delivery through a system of rules and enforcement. Part of this early regulation included the requirement to ensure fairness by displaying prices to participants so that buyers and sellers got fair value — and the beneficial by-product of this process was liquidity, or the ability to buy or sell in bulk and realize economies of scale.

The history of financial trading markets is…


We started off the month with the final update to our Testnet, which now includes all the features. Of course since we had the full set of features for our community to test, it was a perfect opportunity to see what everyone had to say. We hosted a small feedback campaign at the beginning of the month and thank you to those that took the time to go through everything with us!

We selected three winners to be given a small “token” of appreciation, congratulations!

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We’ve also been making gradual changes to our website, based on the feedback that we’ve…


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Having completed his third paper earlier this year “Inhabiting different realities: incrementalism, paradigms and the New Prospect”, we asked Professor Syren Johnstone to share a follow up on his thoughts as we near the end of 2020.

OAX Foundation has long believed that the importance of supporting and encouraging the community to take part in these discussions is of utmost importance for the success of the digital asset space. We hope that Professor Johnstone’s work opens the door for fruitful conversation and debate, and look forward to the opportunity to support the community in the years to come.

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How…


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Update: As of November 5, 2020, OAX Testnet has been updated to include Fee Delegation. Users can now go and test all our features here!

Update: As of October 27, 2020, OAX Testnet has been updated to include MultiTransfer.

Update: As of October 9, 2020, OAX Testnet has been updated to include Atomic Swap.

Having released our open code source last month, OAX is now releasing the first testnet for our parachain with the key features: PRC20 Token Standard and Burn. …

OAX

OAX is a new, decentralized, digital asset ecosystem initiative run by the “The OAX Foundation Limited”. Go to http://www.oax.org to learn more.

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