OPEN’s
Token Sale is centered around creating a healthy, value-add group of
token holders. Airdrops will be allocated to the whitelist, those who
believe in the project long term, our telegram community, as well as a
special airdrop to developers. Developers are a core focus for us at
OPEN and multiple airdrops will help support their onboarding. Airdrops
will also be given to early users within our community that utilize the
developer’s applications.
Developer
airdrops will come from an allocation of tokens specifically used to
support developers. The purpose is to weed out speculative token holders
(“flippers”) and keep the focus on our long term success. OPEN’s team
is adamant about developing leading edge technologies developers require
to adopt blockchain technology. OPEN can bring enormous utility to all
blockchains in development, as they may see OPEN as a platform that can
provide many developer relationships with its airdrop program and
Developer Growth Pool.
At
the initial distribution of tokens a separate airdrop allocation will
be used to support authentic developers qualified by the ownership of a
verified GitHub account. People or teams without a GitHub account are
invited to apply when applications go out if they have an idea in
development.
A series of Airdrops will occur at token distribution, and at various stages of the project over the coming months.
Because
we have the benefit of being blockchain agnostic with our developer
relationships, we are being approached by blockchains requesting OPEN to
provide strategic support for their projects.
This
allows us to not only make OPEN a truly ubiquitous payments
infrastructure, but also enables us to support developers who choose to
integrate OPEN with all the blockchains we integrate with. Given they
will utilize a single API for payments, OPEN’s API being the only one in
the industry, we are able to seamlessly ‘port’ them over to other
blockchains. This has already been requested by a significant blockchain
in development who wishes to contribute to OPEN.
Developer Growth Pool — Incentivizing the onboarding of developers to OPEN and OPEN Token
OPEN
is also utilizing it’s token allocation in a unique way by creating a
Developer Growth Pool allocated at 20% of the total supply, to bring
scalability to the platform, incentivize application adoption, and to
promote the growth of the platform.
Utilizing
a unique token pool, OPEN will be distributing allocations of tokens
for applications and developers who wish to adopt cryptocurrency
payments using OPEN. For example, if Candy Crush, Netflix, or Tinder
decide to utilize cryptocurrency payments and the OPEN API to tie the
payment data to their databases, OPEN will distribute a significant
amount of tokens to onboard them and help provide the initial traction
by airdropping tokens to users who wish to utilize those applications to
pay with cryptocurrency.
In
addition, developers will not have to pay a 30% revenue share fee via a
platform (i.e Apple’s Appstore/Steam etc) and therefore can transfer
the cost savings to their end users, enabling cryptocurrency payments to
yield more digital good (swipes, gems, or cheaper Saas/Enterprise
applications) if paid in Ether, BTC, ERC20 Tokens using OPEN. OPEN would
further encourage this via the Developer Growth Pool’s token allocation
enabling the application (say a dating app) to distribute to the OPEN
community and the end users.
This
also serves to kick start adoption of the application by both
communities of users, for example OPEN’s and Ethereum’s community
including anyone holding Ethereum. Propagating incentives to both the
application developer and the end user to adopt OPEN Platform!
Given
OPEN is blockchain and cryptocurrency agnostic this enables developers
the ultimate freedom and flexibility to distribute to any specific
blockchain (Ethereum, TRON or NEO) and to receive the support from these
communities through the OPEN Platform.
The
Developer Growth Pool provides OPEN with a source of continuous growth,
as it enables OPEN to consistently incentivize the onboarding of new
application developers.
For
example one such early integration partner OPEN is working with is an
Ethereum application that has found out through testing that its code
base on the Ethereum test networks that OPEN’s design of optimizing core
processes (for example, cryptocurrency payments and digital asset data)
on-chain along with a larger off-chain codebase utilizing OPEN’s API
will optimize their applications and the application’s performance on
the Ethereum network.
OPEN Token Flow and our Developer Growth Pool!
OPEN’s
token has multiple roles in assisting developers and applications, and
it enables the platform to perform numerous functions that enable
developers to scale the number of developers onboarding onto the OPEN
Platform.
OPEN
Tokens activate the on-chain Scaffold infrastructure that applications
can use to deploy their payment schemes to the blockchain. OPEN also
requires developers and applications to stake supplied token as a fraud
deterrence and security mechanism.
Further,
a 3% platform fee circulates within the Open Platform ecosystem
refueling the Developer Growth Pool so there is always ample token to
incentivize and fuel constant onboarding of developers onto OPEN’s
technology. The initial Developer Growth Pool set at 20% of total supply
will be maintained by this fee at 20% routinely to ensure there is
ample buffer to onboarding incoming developers and any surplus is
automatically airdropped back to the contributing developers, creating
an ongoing fuel source for OPEN’s growth in terms of users and
applications!
Token Metrics
All
private sale token buyers/holders and developers will be subject to a
lock up period, as is our team, to help ensure a healthy pool of token
buyers and reduce speculation.
A
specific pool of tokens sold will require a GitHub account as this will
ensure that developers who wish to own tokens to enable the benefits of
the technology and the Developer Growth Pool are able to access them
and create their contributions.
Hardcap $30m
Token Supply: 1B
Token Sale 500m
Price $0.08
Token Sale 500m
Price $0.08
Distribution
∙50% Sale (3% Bounty / 47% Sale Distribution)
∙20% Developer Growth Pool (Publicly Distributed to developers incentivizing developers to onboard onto OPEN)
∙20% Team (Vested) Partners and Advisors
∙5% Platform Partners
∙5% Community and Developer Airdrop Pool
We
decided to support our hardcap after a lot of advice and reflection
from some of the top folks in the blockchain industry. In finalizing our
token metrics we had prominent members of the top blockchain projects
provide very strategic advice on the serious potential OPEN has to not
only become a dominant name in the blockchain space, but specifically
the only name and brand in the application based payment space. This
token structure also enables us to stop closing the door on interested
value add groups/pools and strategic parties that can bring added value
add to the success of OPEN and enable us strategic support in Asia.
Further it enables us to support a public developer community and public
programs the foster developer adoption of OPEN.
Our
team and our supporters understand this as the opportunity to be the
PayPal of the next platform which has in the last year (2017) alone
processed over $177B in payments on mobile alone. We choose to parallel
mobile as a platform because it is the most recent protocol since
blockchain that brought in a new payment system and application
development protocol. Our token metrics design enables us to reflect the
mission to be the PayPal of the next protocol and we think that thanks
to the early integration partners we have lined up, we stand a serious
chance.
Integration Partners
OPEN
has been approached by numerous non-blockchain ventures for strategic
partnerships integrating OPEN’s technology and philosophy. Our first
public mention of our partners features ZenSoft, a 150+ employee
technology powerhouse that fuels the backends of some of Silicon
Valley’s most notable startups. OPEN’s infrastructure will bolster
ZenSoft’s enterprise, building highly scalable apps, through the
acceptance of cryptocurrency payments. ZenSoft’s customers, which range
from Fortune 500 companies to small startups, can pay their balance via
OPEN’s platform, allowing ZenSoft to provide a service that is not only
best in class, but positioned at the forefront of technological
innovation.
OPEN
also has plans to strategically work with blockchains, and has recently
been approached by multiple blockchains as they are beginning to see
the long term vision of OPEN holding these developer relationships
blockchains need to engage their platform. Given that applications can
utilize one API for a specific functions ie Payments, OPEN may be the
single entity to capture a library of developers that it can naturally
lend to other blockchain projects through integrating support for a
specific blockchain’s technology into its API.
This
is akin to PayPal or Visa capturing all online and offline vendor
relationships, the opportunity for OPEN to be the payment infrastructure
of choice for all digital cryptocurrency software related payments is a
worthwhile pursuit.
Operating
under the understanding that all blockchains require developers and all
developers require payment infrastructure — we’re building the future.
Progress
For
the reasons above OPEN has already received an incredible volume of
allocation requests prior to the announcement of any private sale.
We will begin our private token sale February 21st.
If you haven’t already requested allocation, please do so at https://www.openfuture.io/privatetokensale
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