Overview

  • Country USA
  • CategoryPayments/ Payments Infrastructure

OPEN Platform is the first blockchain payments infrastructure for applications We bring the required infrastructure for all mainstream and decentralized applications to operate the way developers need to on the blockchain.

Project stage

Prototype

Detailed description

The Open team has a track record of successful technical development and plans to develop the first platform to bridge mainstream software to the blockchain. 

Platform is providing the groundwork for monetization and distribution for mainstream software applications to successfully bridge their offerings to the blockchain. How does the project create value to the ecosystem and differs from competing projects: Providing the first infrastructure APIs and SDKs through our OPEN Platform to enable mainstream software developers to take advantage of the extraordinary benefits of operating products via cryptocurrency and the blockchain.

Problem

No Practical Cryptocurrency Uses: No easy way for developers to accept and integrate them in a meaningful way.

 For example wallets do not communicate out to applications the way application developers need them to. Wallets live and communicate on-chain whereas applications need multiple information i.e when cryptocurrency was paid into an application, how much, by who, what account number, what user, and to update specific data tables etc. 

So there needs to be two way communication between an application’s back-end and whatever they are interacting with on the blockchain whether that be a wallet or smart contract or in our case a payment Scaffold. Needs to be super easy: As a developer I don’t want to have to learn each blockchain’s language (solidity or rholang) I should be able to code in the languages I’m comfortable.

Solution

An End-to-End Decentralized Applications - Payment Platform. Simple analogy = ‘The first cryptocurrency wallet for applications’. 

In addition, the components that enable backend centralized code to talk to components on blockchain. Enabling any application to integrate blockchain technology, deploy any payment scheme, accept any cryptocurrency and track payment states on the blockchain Easier for mainstream developers to adopt cryptocurrency technology into their applications.

Features

Developer friendly: 

  • Accept any cryptocurrency, on  any smart contract blockchain using any application payment scheme; 
  • Developers do not ave to build their own infrastructure to connect with off-chain stack (database, app layer, etc); 
  • Minimal solidity knowledge required. 

Blockchain industry: 

  • Provides missing components that wallets do not provide that are required by applications with users 
  • Everyday developers can now build tools to enable a host of new ways to accept crypto without worrying about the nitty gritty; 
  • Existing applications and d-application developers can use this too. 

Platform: 

  • Blockchain Agnostic; 
  • OPEN can bring developers and their users to multiple blockchains! 
  • Flexible and modular
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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : OPEN
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 18,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 OPEN
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :500,000,000 OPEN
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Publis sale — Ended
    Start Soon
    End 17 Apr 00:00 UTC
    0.1 USD No - Uncapped 30,000,000 USD
    • Team
      No information

    Roadmap

    • Q3 2016

      Open Money team faces problem in previous app development company

    • Q1 2017

      Platform and Idea Conceived

    • Q3 2017

      Token Sale Planned

    • Q4 2017

      Development of the Open Money API Platform Begins

    • Q2 2018

      Developer Program Released

    • Q3 2018

      First Deliverable of the Open Money API Platform

    • Q4 2018

      Monetization Tools and Products Publicly Released

    Activity