Who would I be without supporting a local, home grown, Australian crypto project? That just wouldn't be the Aussie thing to do! You see in Australia, we dig in and help out our mates. We lend a hand. We don't boast about our patriotism either. Australians just get on with the job and that is what defines us as a country of "Aussie battlers".
So when new crypto startups from Australia come across my desk, they go to the top of the pile for my attention. Especially when the project is #UnderTheRadar and not getting the hype and press it deserves.
Being a proud Australian myself, I don't like it when #OverHypedCoins get all the press and #UnderValuedCoins get ignored. So I'm pushing #CoinAnx to the front of the line and giving it some press.
The first reason is the ambition of the project. Can you imagine the legal and regulatory hurdles to overcome with setting up a FIAT gateway... for multiple currencies... and a crypt coin exchange?
Personally, I can't think of a more difficult blockchain project to set up. So I take my hat off to anyone that does.
Before I drill down into the #CoinAnx project and lay out some details, a number of things grabbed my interest about the project when I first saw it.
- I'm extremely #bullish on coin exchanges. As they represent key infrastructure for the crypto space.
- The fact this exchange is a FIAT gateway and is not going half measures by only offering a coin-to-coin trading pairs.
- It's based in Australia, an under serviced region despite the popularity of cryptocurrencies here.
- Will be offering the Indian Rupee as a FIAT option, at launch. Which is great because India is a country that faces a less-than-progressive government when it comes to cryptocurrencies.
- The interface looks amazing. Simple. Clean.
When CoinAnx launches, I will be shifting some of my trading activity over just because it's an Australian based project. As I said, Aussies get behind ideas.
Now, lets get into the whitepaper. Let's see...
- Exchange goes live in May, 2018. Which is really soon.
- Aims to offer Indian Rupee, AUD and USD plus other FIAT in July 2018. This multi-currency support is a major deal compared to other exchanges that only offer USD or EUR. Given India's population, this is epic news for the people of India.
- Combination of local and blockchain architecture. Interesting.
- ICO is only aiming for a modest $4m USD. Personally, I think that is a bit low and would have aimed for at least $25-$50m to set up such an ambitious project.
- 50 million ANX tokens will be airdropped to ANX holders on a weekly basis. Wow, okay.
If I have one small criticism of the project, @CoinAnx needs to up their game in the social media department. Posts are too infrequent to stir people into action. This is a minor complaint but to neglect marketing during an ICO is a major mistake.
Having said that, I am still bullish on the project. This one is under the radar and is worth watching.
Thanks for watching,
Brendan Rohan - Indie developer of 'next gen' natural medicine from Melbourne, Australia
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If you support natural medicine and an independent research project that began in 1997, then steem me. The creds I get will help me provide a solid body of information that future generations can build upon.
DISCLAIMER: This article is written by an amateur investor and is offered purely for information purposes. This is not financial advice and you should always seek the advice of a finance professional.