OPEN: Decentralized Payment and Application Platform
The First Blockchain Payment Infrastructure for Applications.
As Ripple focuses on banks, Open gives interoperability cross-chain payment scheme for developers to integrate with their off-chain or on-chain application or services to increase the influx of crypto usage and mass adoption.
Current Crypto-Payment Platform Bottlenecks
- No easy way to integrate blockchain technologies in application's core infrastructure
- Complex solidity knowledge
- Long Auditing
- High price votality
- Requires numerous steps and a significant amount of infrastructure
- Transactions can reach through 30 - 60 days
- Geolocation boundaries and regulations imposed limits payment and users
Open's Solution:
- OPEN has created a blockchain agnostic platform with a comprehensive API structured to specifically create ease of access and integration into pre-existing application infrastructure. OPEN_API
- Scaffold protocol which acts as payment infrastructure and verification scheme for a specific application
- OPEN_State, which acts as the verified output that contains within it the desired result of the transaction or state of any payment scheme for a user of the application.
- OPENWallet provides an intuitive user interface that abstracts away having to learn how a blockchain works, and maintains the same user experience as current centralized implementations.
Partners
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Team
Advisors
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Giil, why **Bullish** on this project?
Team is Strong, evident with the CTO leaving his secured executive position to pursue this new venture. They've worked with big companies already (Samsung, Facebook, Pivotal Labs, Yahoo, Grndr, etc) showing the capacity that they can execute this great project. Added note, team has worked with blockchain projects in the past showing their prowess in the field. Good for long term hold.
Project has now 100k sign-up in whitelist, 10k tg members! Scarcity is evident. Just like Cpchain they are offering their tokens for private sale. I heard they had some kind of thing going on with OMISEGO. interesting to see what will happen. They recently went to SF Blockchain Conference where big companies, were searching for icos like this. (Possible great connections there) On another note: I'm waiting for good news about their possible Apps partnerships, Allstar Advisors, Q2 Roadmap and News Articles, Listing plans. And hopefully they are already in talks with exchanges as this will secure FOMO!
Website: https://www.openfuture.io/
Whitepaper: Click here
Medium: https://medium.com/@theOpenPlatform
Reddit: https://www.reddit.com/r/OPENPlatform/
FAQ
Token Metrics:
Total Supply 360m
Circulation 180m
50% Token Sale
20% Developer Growth Pool (Used to incentivize on boarding of new developer partnerships)
20% Team (Vested)
10% Reserved/Locked
Hard Cap $25m
Private Token Sale
Noteable Articles
http://www.huffingtonpost.com/entry/59b7602de4b08f6632c076b9