The ANX Whitepaper is out!
Excerpt:
1.1 - Barriers to Access
Access to high-yielding alternative investments, such as hedge funds, has traditionally been reserved for high net worth individuals and institutions. The standard one million USD minimum investment excludes 99.8% of the worlds population. As a result, those who are most in need of market-beating returns have limited or no access to such investments.
From Venezuela to Nigeria, Turkey to the Ukraine, approximately one billion people worldwide are struggling with inflation rates exceeding 10% per annum. Local investment options are generally denominated in volatile local currencies and/or co-integrated with struggling local economies. When facing excessive inflation, there is little incentive for you to save, as your money will buy you substantially more today than it would in one years time.
Cross over to the developed world and people face a different set of economic barriers, but the same lack of access to market-beating alternatives. In the years following the global financial crisis of 2008, central banks cut interest rates to record lows and expanded the money supply in an effort to stave off the worst of the crisis and spur recovery.
These attempts to stimulate the global economy appeared successful, leading to positive headline numbers, the longest bull market of all time and substantial gains for equity and property investors. However, not everyone benefited; people attempting to save for their first home faced pitiful rates of return at their local banks, while house prices in New York, Vancouver, Sydney and Tokyo posted double-digit returns. More than 10 years on, savers are still struggling, with very few options available to the average person seeking market-beating yield.
1.2 - Access for All
ANX tokens will serve as a gateway between everyday people and exclusive hedge funds, delivering professional fund management to the masses. The infinitely divisible and borderless nature of cryptographic tokens facilitates access for all, lowering minimum investment thresholds to fractions of a cent.
The ANX closed-end/fund-of-funds hybrid is a novel fusion of traditional fund structures: readily accessible, yet fully compliant. ANX tokens will represent investor shares in this fund structure and will be backed by the funds net asset value (NAV) via token buybacks. At the same time, ANX tokens will be freely traded on the open market, giving access to people unable to participate directly in the security token offering (STO) and providing an avenue for speculative investment.
ANX is the first security token leveraging the power of the cutting edge EOS Delegated Proof-of-Stake (DPoS) blockchain. The EOS blockchain allows for instantaneous transfer of wealth without the burden of transaction fees and currently processes more than 16 million transactions per day at just 15% capacity. The technological advantages of the eos.io blockchain have given rise to a new breed of decentralised exchange (dex), featuring instant-order matching and a frictionless user experience. This advanced dex ecosystem provides the perfect home for a freely traded security token such as ANX ...
Read the full paper @
https://anox.io/ANX_Whitepaper_-_Access_for_All.pdfJoin us on telegram @
t.me/anoxioTrade ANX on Newdex @
https://newdex.io/trade/anoxanoxanox-anx-eos