Should you invest in OTN?
OTN is a network who cooperate with IQ OPTION for the distribution of their tokens.
The project consists of the creation of something like Bitshares called OTN.x a DEX to unify all blockchains.
Then they will have their own wallet and for business smart-contract like ethereum.
Here is the whitepaper if you want to check for.
https://otn.org/assets/resources/Open-Trading-Network-white-paper_en.pdf?1513591711801
and their website:
https://otn.org/
We can compare the distribution of tokens to the EOS_IO project.
They distribute every week for 2 years (total 104 weeks) their token to IQ option traders.
How? They convert the 100% of trading commission in OTN tokens. Every week the put a predetermined amount of OTN to be distributed using the formula:
(Total commission paid by traders)/(OTN to distribute)
Let's make an example:
in x week they offer 20K OTN and at the end of this week, the traders paid 2M dollars in commission.
Following the formula 2000000/20000 = 100$/OTN that means the traders will receive 1 OTN by every 100 dollars paid in commission. If you paid 50 dollars in commission.
(your commission/total commission paid)/(OTN)
You will get 0,5 OTN.
They call it "Mining" and they have also a Leaderboard
For now, OTN is listed on 4 exchanges: cryptopia, yobit, livecoin and HITBTC.
IQ Option is one the largest mobile trading platform (maybe the largest). They have also platform for the PC.
OTN count with more than 500 employers working on this project but they didn't specify important names among those.
The price looks cheap now:
https://coinmarketcap.com/currencies/open-trading-network/
but there is a thing that you must to know, read my comment (Giovanni lin) :
https://hackernoon.com/otn-airdrop-what-you-ought-to-know-d89d815d7c11
In my opinion, for speculative purpose, it is a good chance to make bit money because on the IQ Option platform the traders are paying a lot for a single token (up to 100) meanwhile on the exchanges it has a value of 5 dollars.
The leaderboard of this week.
I know it is in italian (hahaha)
If you found this post interesting please RESTEEM and UPVOTE it, spread the news make everyone know what is OTN and make my day :D .
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