OPEN PLATFORM : FULL REVIEW

Open Money Logo

Open Money is the first multi city blockchain initiative to bridge the gap between mainstream software and the blockchain. The OPEN Platform has one goal  to drive mainstream use of blockchain and cryptocurrency technologies globally through the common individual.
Until now there is still no mainstream use of these innovations. This is due in part to the lack of an ecosystem with the critical elements needed for software developers to build consumer and enterprise applications   monetization and distribution. Still, the liquid, digital, cryptocurrency market represents a highly attractive opportunity for software developers to tap into.
Open Money is a project that aims to bring together the global software sector and the blockchain technology. This ambitious project looks at using this growing platform of software applications in order to expand the current ecosystem of the blockchain market.
Open Money will solve this by launching the OPEN Platform, an API platform that will enable enterprise and consumer software application developers to tap into the liquidity, innovation and future potential of the blockchain and cryptocurrency space.
The OPEN Platform will act as the first ecosystem for mainstream developers to build widespread use applications that utilize blockchain related technologies.
Using software design practices based on familiar applications for developers, such as user account-based architecture, the OPEN platform will allow developers to accept user-side encryption for in-app purchases, regardless of application store dependency. In this way, we will unite the worlds of crypto and mainstream software, in an approach that can easily connect to existing product architectures. Our goal is not to create a decentralized application store but to generate a set of tangible resources and solutions that we, as experienced developers, are needed to usher in the new era in which there is consumer cryptography and business use. Our features and product direction simply address the bottlenecks in the adoption of encryption experienced by all software developers. Providing solutions to these issues in the form of unique APIs and SDKs around digital token acceptance and distribution will provide developers with an easy way to bring their fiat-based products to an equally lucrative market. Vice versa, software developers through our APIs and SDKs will be able to develop new products and services with capabilities or use of blocking and encryption technologies in everyday lives. will provide developers with an easy way to bring their fiat-based products to an equally lucrative market. Vice versa, software developers through our APIs and SDKs will be able to develop new products and services with capabilities or use of blocking and encryption technologies in everyday lives. will provide developers with an easy way to bring their fiat-based products to an equally lucrative market. Vice versa, software developers through our APIs and SDKs will be able to develop new products and services with capabilities or use of blocking and encryption technologies in everyday lives.
Infrastructure
 
Blockchain technologies can provide incredible benefits to application developers. Technical limitations exist in providing decentralized solutions for required core aspects of how applications function in a conventional setting.
 Presently, there exists no easy solution for application developers to integrate
blockchain technologies into their core infrastructure. Infrastructure to accommodate an application’s specific pricing scheme and the ability to determine which users on a decentralized platform have met conditions of a specific pricing scheme, i.e paid or have enough in application currency, are lacking. Specifically, developers require a way in which they can integrate a decentralized payment gateway into
their application’s custom payment scheme that is able to accept any cryptocurrency and synchronize such transactions with their existing backend.
Moreover, centralized systems display incredibly inefficiencies that can easily be eliminated by incorporating aspects of a decentralized stack.
Consider an example when using a centralized system to host or operate an application. Often times developers must go through a long auditing process by a centralized figure in which every single application update is scrutinized, often resulting in long backlogs for developers to publish their latest update containing a more efficient data structure or pricing model.
 Further issues with payment verification gateways exist as the current flow of in-app purchases go through countless processes and third-parties, adding unnecessary time and cost until reaching the developer’s account. OPEN provides a solution to this problem by utilizing systems of sophisticated smart contracts as transaction and verification tools for software applications. Not only do payments come faster, they come at lower transaction costs with the added benefits of a trustless environment. This enables unique benefits for the application developer and it’s users.

TOKEN INFORMATION :

 

During the public OPEN Token distribution event period, individuals and organizations can purchase OPEN Tokens through the token sale of the Open Token (OPEN). The total supply of OPEN will be 360,000,000 tokens, of which 180,000,000 tokens will be in circulation and sold at the token sale event.

– 50% of the total supply will be for sale within the Open Money token sale Of
that, 3%
will be distributed to the Bounty Program participants.
– 15% will be set aside to incentivize the operational team, future hires,
investors,
professional advisors and support partners.
– 35% will be retained by Open Money
USE OF FUNDS
A majority of proceeds from the token sale event will be used in the following divisions;
– 50% of will be spent on Engineering and Development,
– 25% on Marketing and Promotion,
– 15% on Professional Services and Maintenance,
– 5% on Partnerships and 5% on General Operational and Misc.

 

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Kryptarion

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Comments: 0Publics: 73Registration: 20-05-2018
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