Does anyone have answers to my questions (see post above)?

Guys... maybe I am missing something here. But I don't get buying XLM as an investment vehicle. New XLM will be added to the network every year as a inflationary measure and any lumens used to cover fees (which is 0,00001XLM) is being redistributed back over into the network.

The whole project is non-profit and there purpose is to bring near-zero-fee transactions to people and countries with little money as is.

With all this in mind, I don't see XLM going the route of say XRP. If XLM would massively increase in value in a couple of years time.. wouldn't that just defeat the purpose of the whole project? Keep in mind that every wallet needs to contain a minimum of 20XLM to be able to participate. And, after all the XLM is finally distributed, the only way to acquire them would be trough the exchanges (again, shooting right past their target audience that have little money).


So how would that work? Or would they just keep decreasing the nominal fee, to say, 0,0000001XLM to keep it affordable? And is that doable?

It will gain a lot of traction over the coming year as the roadmap solidifies into actions and roll out of the platform and it's features.

Which often happens after an airdrop, but in the long run, over the course of 2018, OTN will rise in value plenty as the project along with the exchange takes more shape..

When will the bounty tokens be paid out?

Guys... I want to leave this here so we are all reminded and stay aware:


The ONLY reason people in crypto come online and persist in talking a token/coin/project down or bashing a project is because they want the price to go down so they can either; buy more or buy in because they missed the boat the first time around. 99,9% of the people that truly believe a project is not worth while will just pay no further attention to that project and move on with their business.


So let's keep that in mind and always ignore the FUD'ers.

Guys... it matters not what the price of the coin/token is. A lot of younger guys look at what happened to Verge etc. and go to find the next 'under a dollar coin' that will (hopefully) explode next.

Like I said.. price of the coin does not matter. It's about growth in percentage. Wether you invested a $1000,- in XVG or in LTC, if they both grow 50% you still earn the same on that $1000,-

Don't follow the latest pump & dump. People have started to get very unrealistic expectations on short term returns on investment. I mean, 300% in a year is already madness speaking in traditional investment terms. So, crypto already give us so much more than that.

Invest in stuff you believe in and you can see the purpose/use case of in the future. Not because you think (or hope) it might pump a 1000% in 2 weeks after John Mcafee twittered about it.

Do you have a ballpark date for the Bittrex listing?

Just wait until their cross-chain-decentralised-exchange comes into existence. That's where the money is. And there is not a lot of solutions like that in the Crypto space yet: 1 single place where you can go from Fiat to crypto (and back) and from any Altcoin to another in an instant (not tied to any blockchain transaction time; kind of an atomic swap principal).

Now, you have to go to a place like Coinbase to get ETH, LTC or BTC, transfer that to your preferred exchange, make the trade in that exchange and then probably trade it back to either ETH, LTC or BTC again AND, to realise the profit, transfer it back to Coinbase to sell ETH, LTC or BTC to get Fiat in return.

That's quite a lot of hoops to jump through. I know quite a few people like to keep everything in Crypto for ever, but until you have realised the trades to Fiat, the profits you made are still all paper profits. The day might come, but for now, you still can't pay for your day to day living expenses etc in Crypto..

So, I fail to see how people don't see potential in a platform that will offer all of these things under 1 roof without having to go through a lot of steps (and having to pay network fees and exchange fees that comes a long with every one of those steps!)

A lot of guys in the crypto space have become way to focussed on the short term. For ever chasing the next coin that is pumping at the moment (Verge anyone? Bytecoin anyone? Doge??)

Forget about jamie.. it is irrelevant how much OTN's price will dip in the next weeks. It will fly up once the Open Trading Network starts to take shape. The good projects that have an actual purpose, take some time to grow and mature (like Simple Token). And once you invest this early, you should count on holding for the long term (at least till the platform is up and running so the utility of the token can prove itself).

It is not a space for short attention span, want to get rich quick, trying to swing trade crypto-guys (although many people sure do try.. many fail). It's better just to buy into a project you believe in and HODL. How many people have not lamented over the fact that they sold any token or coin too early? Because they were too impatient. Investing is:

1 Assessment of the project you are investing in
2 Putting your money in
3 Watchfull waiting (this is often forgotten in the crypto space as many have gotten used to massive pump schemes where they expect 50% ROI in just a couple of days or even 200%!!)

Exactly.. In terms of solutions, it has the same potential impact as Veritaseum has https://coinmarketcap.com/currencies/veritaseum/
Due to tokenization of assets and being a cross chain solution for near instant blockchain transactions.

That's pretty BIG

My bet is on Litecoin and BCH (sadly)

Is the utillity of OTN (tokens) not clear to you? And the trading platform they want to build?

Are you contributing anything Salem79?? Or just want to spam the FUD?

Faster and cheaper than Coinbase I hope! And (obviously) more assets (altcoins).

In terms of ultility and mass adoption.. ETH will have a great future. BTC will become (or already has become) a store of value.

Great! I am looking forward to an all in 1 solution.




Exactly. But people run off and throw money at whatever the next pump and dump is... oooh the irony!

I am an IQ worker.. lol

That is rich.

OTN is crypto that is correct. But I believe that that transaction from IQ to your (actual) ERC20 wallet get's processed manually yes. Think about it. Those OTN tokens that you have earned through trading on IQ are NOT on your crypto wallet yet as IQ does not have user based crypto wallets per user accounts yet. Instead they are (I imagine) stored on IQ options ERC20 wallet until a withdrawal request gets put in by the user, which then has to be manually processed.

So, no.. IQ is not fully on the blockchain yet in that sense. But that is what the Open Trading Network will be. A fully operational asset exchange on the blockchain.

I might be wrong on some details (since I don't work for IQ or OTN), but it is not hard to imagine why things work like this at this stage.

You are comparing withdrawal procedures on IQ (that get manually processed by the way) to withdrawing from a crypto wallet (which will get processed by the network that pertains to the crypto in question e.g. Ethereum Network for ETH etc.)

If you want to go into bashing mode again, at least get your facts an technicalities straight.