WHAT IS OPP OPEN WIFI?
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An initial coin offering (ICO) or initial currency offering is a type of crowdfunding using cryptocurrencies. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. The tokens sold are promoted as future functional units of currency if or when the ICO’s funding goal is met and the project launches.
An ICO can be a source of capital for startup companies. ICOs allow startups to avoid regulatory compliance and intermediaries such as venture capitalists, banks and stock exchanges. ICOs may fall outside existing regulations, depending on the nature of the project, or be banned altogether in some jurisdictions, such as China and South Korea.
ICOs have been prone to scams and securities law violations. Fewer than half of all ICOs survive four months after the offering, while almost half of ICOs sold in 2017 failed by February 2018. Despite their record of failure and the falling prices of cryptocurrencies, a record $7 billion was raised via ICO from January-June 2081
The first token sale (also known as an ICO) was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014, raising 3,700 BTC in its first 12 hours, equal to approximately $2.3 million at the time. An ICO was held by Karmacoin in April 2014 for its Karmashares project.
ICOs and token sales became popular in 2017. There were at least 18 websites tracking ICOs before mid-year. In May, the ICO for a new web browser called Brave generated about $35 million in under 30 seconds. Messaging app developer Kik’s September 2017 ICO raised nearly $100 million. At the start of October 2017, ICO coin sales worth $2.3 billion had been conducted during the year, more than ten times as much as in all of 2016. As of November 2017, there were around 50 offerings a month, with the highest-grossing ICO as of January 2018, being Filecoin raising $257 million (and $200 million of that within the first hour of their token sale).
Kik had previously issued $50 million in tokens called “Kin” to institutional investors, and sought to raise an additional $125 million from the public. In connection with this ICO, an unidentified third party executed a phishing scam by circulating a fake URL for the offering through social media.
By the end of 2017, ICOs had raised almost 40 times as much capital as they had raised in 2016, although still amounting to less than two percent of the capital raised by IPOs. According to industry newsletter Cointelegraph, companies raised around $6 billion via ICOs in 2017; 37% of that amount was made by only 20 ICOs. Already by February, 2018, an estimated 46% of the 2017 ICOs had failed.
ICOs are sometimes called “token sales”. Amy Wan, a crowdfunding and syndication lawyer, described the coin in an ICO as “a symbol of ownership interest in an enterprise — a digital stock certificate” stating that they are likely subject to regulation as securities in the U.S. under the Howey test.
Ethereum is (as of February 2018) the leading blockchain platform for ICOs with more than 80% market share. Tokens are generally based on the Ethereum ERC-20 standard. According to Cointelegraph the Ethereum network ICOs have resulted in considerable phishing, Ponzi schemes, and other scams, accounting for about 10% of ICOs.
On January 30, 2018, Facebook banned advertisements for ICOs as well as for cryptocurrencies and binary options. By April 9, 2018, ICO advertising has been banned not only by Facebook, but by Twitter, Google, and MailChimp.
In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called:OPP OPEN WIFI
WHAT IS OPP OPEN WIFI?
OPP Open Wifi is a framework made with only one objective: to make a remote web agreement open and free with the whole world. In addition, any individual who needs to take advantage of this can change to a touch of affiliation.
Motivations behind interest
There are approximately 2.5 billion complete PDA customers, 80% of which are dynamic through means of organizing online frames. Wi-Fi arrives has progressed to have the opportunity to be part of our well-ordered lives. In any case, phenomenally 76% of us, from time to time, end up in a position where arriving is not accessible, or where we become demoralized by a desire to partition.
Representation of the meander:
OPP Open WiFi is an association driven by the framework with the only reason behind making a trip around the world, allowing you to find the opportunity to open a WiFi hotspot and reward each promoter for being a touch of our motivation . OPP Open WiFi has created a framework for affiliations, neighborhoods and developments with useful applications.
How it limits Download the application for cell phones or request a pre-composite switch. The application will start the advantageous hotspot to manage the sharpened artifact of the Host Hotspot and “OPP OPEN WIFI” will be available for people in the area. The Hotspot Host chooses how much information to give. The structure is totally secure for both the Hotspot Host and the visiting client. In the event that you use Wi-Fi at home or at work, by then, in essence, you must connect with our change to the current artifact. This will create a second access point called “OPP OPEN WIFI”. Once again, the Hotspot Host chooses how much information to give. Hotspot You only need to make the information open for one hour reliably to comply with the contract and the activation segment. The segments are made reliably. We will pay for each gadget you use to add to the General System.
Security. The OPP Open WiFi switch uses its own IP address to protect Wi-Fi clients from its private structure. All improvements are verified and it is proposed that the server deny access to the districts not established by Web Watch Establishment. The use of information (commercial speed) is required through the OPP Open WiFi switch, this can be balanced through an online section that allows the Hotspot Host to change.
The name of the token is OPP. Min. The hypothesis is 300 USD. Continuing: BTC, ETH, Fiat. Touchy best is 4,000,000 USD. The best is 40,000,000 USD. In the game plan of the token, there will be 142 million tokens.
The reward of Token Course action plan is as indicated by going with: Stage (August 13 – August 19) – 25%; Phase (August 20 – August 26) – 22.5%; Phase (August 27 – September 2) – 20%; Phase (September 3 – September 9): 15%; Phase (September 10 – September 14): 10%.
Advantages of OnPolePosition Manager: half progress and advertising, 25% – Creative work, 15% – risk factors, experts and assistants, 10% – operating expenses.
OPP Open WiFi has a contract with The English Furnished power, Samsung, WH Smith, PLB Social event. Whitepaper can be downloaded in English. As of August 31, 2018 in cable – 23531 students, facebook-23749, twitter – 11600, related in-86, reddit-131, medium and github. There is a YouTube channel called OPP Open WiFi (69 followers).
For more information: Website: https://www.oppopenwifi.com/
Ann Thread: https://bitcointalk.org/index.php?topic=4713287
Reddit: https: // www .reddit.com / r / OPPOWiFi /
Telegram: https://t.me/ joinchat / ImuOoFBCZ3AudGGx5IeUTw
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101
DISCLAIMER:This post was brought to you by Opeyemi being my personal project on OPPopenWiFi campaign project