Obsidian ODN - CryptoCurrency & Secure Anonymous Messaging

[GRR]

I am seriously wondering what is up with the steady bleeding and decline, right now when fucking everything recovers? Are devs dumping their tokens or what?

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[22justin]

getting crushed today... any reason why.... not like we have a lack of liquidity... liquidity is good for a small cap of our size

[GRR]

getting crushed today... any reason why.... not like we have a lack of liquidity... liquidity is good for a small cap of our size

seems like the lead dev resigned. obviously insiders knew about this for some days and sold off. that is why the volume tripled and the price slowly started bleeding, despite "good news", reddit shilling and their "applications" to other exchanges. this is as scammy as it can possibly get. what a shame.

[22justin]

well thats not good.

[andro hac]

getting crushed today... any reason why.... not like we have a lack of liquidity... liquidity is good for a small cap of our size

seems like the lead dev resigned. obviously insiders knew about this for some days and sold off. that is why the volume tripled and the price slowly started bleeding, despite "good news", reddit shilling and their "applications" to other exchanges. this is as scammy as it can possibly get. what a shame.

Blackstone told pete hes not happy with how hes running shit as CEO. He stepped down as lead developer though he will remain on the core development team. That being said hes not leaving ODN. Seems to be more an internal management issue. Nothing we really have to worry about



I think this is a great chance to get cheap coins from dump trucks

[Alohaboy?!]

getting crushed today... any reason why.... not like we have a lack of liquidity... liquidity is good for a small cap of our size

seems like the lead dev resigned. obviously insiders knew about this for some days and sold off. that is why the volume tripled and the price slowly started bleeding, despite "good news", reddit shilling and their "applications" to other exchanges. this is as scammy as it can possibly get. what a shame.

Blackstone told pete hes not happy with how hes running shit as CEO. He stepped down as lead developer though he will remain on the core development team. That being said hes not leaving ODN. Seems to be more an internal management issue. Nothing we really have to worry about



I think this is a great chance to get cheap coins from dump trucks

Best time to get a bigger stash ready for the upcoming MN. Nothing to worry about

[OnTheMoon]

getting crushed today... any reason why.... not like we have a lack of liquidity... liquidity is good for a small cap of our size

seems like the lead dev resigned. obviously insiders knew about this for some days and sold off. that is why the volume tripled and the price slowly started bleeding, despite "good news", reddit shilling and their "applications" to other exchanges. this is as scammy as it can possibly get. what a shame.

Blackstone told pete hes not happy with how hes running shit as CEO. He stepped down as lead developer though he will remain on the core development team. That being said hes not leaving ODN. Seems to be more an internal management issue. Nothing we really have to worry about



I think this is a great chance to get cheap coins from dump trucks

Best time to get a bigger stash ready for the upcoming MN. Nothing to worry about

Bought some cheap coins now, great opportunity to all traders, buy and hold for some time. Obsidian really nice project for holding and price rally will come again.

[dchanevv]

Hey can someone from the management team can answer the community questions here ? Because im little confused about this situation going on here ..
For me this is a speculation.

[renault18turbo]

Strange drop in the price of a coin. Do the owners of obsidian so don't believe in him? This is a great chance to purchase it even more!

[RodneyGrillery]

getting crushed today... any reason why.... not like we have a lack of liquidity... liquidity is good for a small cap of our size

seems like the lead dev resigned. obviously insiders knew about this for some days and sold off. that is why the volume tripled and the price slowly started bleeding, despite "good news", reddit shilling and their "applications" to other exchanges. this is as scammy as it can possibly get. what a shame.

Blackstone told pete hes not happy with how hes running shit as CEO. He stepped down as lead developer though he will remain on the core development team. That being said hes not leaving ODN. Seems to be more an internal management issue. Nothing we really have to worry about

https://i.imgur.com/4exdria.png

I think this is a great chance to get cheap coins from dump trucks

Well how long could we realistically expect this guy to continue to help in a situation he doesn't like?  I mean something don't seem right here, what if this guy gets offered a position somewhere else that's decent.  If he's frustrated he'll probably bolt...

I'm not saying the guy's not replaceable, or that this is an ODN death sentence.  But I hesitate to trust the idea of a person staying if they say they don't like management's vision, and they're stepping down to take a smaller role.  Usually those kind of people inevitably find new jobs fairly quickly.  I mean I don't see how the situation can get any better for blackstone without someone else getting the boot.  Now he has to humble himself in smaller role, and he's still going to likely be taking directives from the same management he dislikes...and it seems like a stretch to think management will be cool with working independently for the forseeable future.

But what do I know...

[morgan4140]

Guys, is it true that 50% of the coins belong to the team? I am sure that speculation is possible but ODN should have great success.

[andro hac]

Guys, is it true that 50% of the coins belong to the team? I am sure that speculation is possible but ODN should have great success.

The coins have been distributed in the following manner:

-15% ODN (14.7 million coins) will be distributed among the members of the core team.

-25% ODN (24.5 million coins) will be sent to multiple accounts to be used for direct OSM licensing, integration and ongoing development. ODN from this allocation will in addition provide ODN opens as an incentive for 2nd tier developers, designers, marketing, advertising and any other ongoing Obsidian costs.

60% ODN (58.8 million coins) will be sent to another escrow address and this part will be offered to the interested parties in the ICO and Pre-sale.

-50% of this will be available to exchange for ETH and BTC in the ICO

-50% will be reserved for VC funding and strategic partnerships.

Post ICO:

-30% Will be used for advertising, marketing, developers, daily operational costs of the company and similar expenses. This will also include a monthly salary for the core and 2nd tier members of the team.

-20% Will be kept as company assets, for ensuing compliance with all the appropriate regulatory agencies.

The remaining amount will be divided between the core founding members. The final use and distribution of the second half of the ICO final amount will always be decided by the majority vote of ICO founders and is intended for funding ongoing Obsidian-related work.

[ManuBBXX]

Will be nice to see a little pump

[andro hac]

 So currently we are awaiting some conclusions from last night's call between the CEO and (part of) the rest of the team. However , regardless of who leaves (if any at all), Obsidian will absolutely continue development of the platform as always has been intended.

[Gor27]

And what about the site?
Why can only see the background?

https://obsidianplatform.com/

[renault18turbo]

Guys, is it true that 50% of the coins belong to the team? I am sure that speculation is possible but ODN should have great success.

The coins have been distributed in the following manner:

-15% ODN (14.7 million coins) will be distributed among the members of the core team.

-25% ODN (24.5 million coins) will be sent to multiple accounts to be used for direct OSM licensing, integration and ongoing development. ODN from this allocation will in addition provide ODN opens as an incentive for 2nd tier developers, designers, marketing, advertising and any other ongoing Obsidian costs.

60% ODN (58.8 million coins) will be sent to another escrow address and this part will be offered to the interested parties in the ICO and Pre-sale.

-50% of this will be available to exchange for ETH and BTC in the ICO

-50% will be reserved for VC funding and strategic partnerships.

Post ICO:

-30% Will be used for advertising, marketing, developers, daily operational costs of the company and similar expenses. This will also include a monthly salary for the core and 2nd tier members of the team.

-20% Will be kept as company assets, for ensuing compliance with all the appropriate regulatory agencies.

The remaining amount will be divided between the core founding members. The final use and distribution of the second half of the ICO final amount will always be decided by the majority vote of ICO founders and is intended for funding ongoing Obsidian-related work.

There is no reason for panic in this case. Is there any news about exchanges? this would have led to a significant increase in the price of a coin.

[OnTheMoon]

Guys, is it true that 50% of the coins belong to the team? I am sure that speculation is possible but ODN should have great success.

The coins have been distributed in the following manner:

-15% ODN (14.7 million coins) will be distributed among the members of the core team.

-25% ODN (24.5 million coins) will be sent to multiple accounts to be used for direct OSM licensing, integration and ongoing development. ODN from this allocation will in addition provide ODN opens as an incentive for 2nd tier developers, designers, marketing, advertising and any other ongoing Obsidian costs.

60% ODN (58.8 million coins) will be sent to another escrow address and this part will be offered to the interested parties in the ICO and Pre-sale.

-50% of this will be available to exchange for ETH and BTC in the ICO

-50% will be reserved for VC funding and strategic partnerships.

Post ICO:

-30% Will be used for advertising, marketing, developers, daily operational costs of the company and similar expenses. This will also include a monthly salary for the core and 2nd tier members of the team.

-20% Will be kept as company assets, for ensuing compliance with all the appropriate regulatory agencies.

The remaining amount will be divided between the core founding members. The final use and distribution of the second half of the ICO final amount will always be decided by the majority vote of ICO founders and is intended for funding ongoing Obsidian-related work.

There is no reason for panic in this case. Is there any news about exchanges? this would have led to a significant increase in the price of a coin.

More development updates and promotion news can now have a positive impact on the price. Obsidian team need to puslish now some fresh information about the project.

[renault18turbo]

Guys, is it true that 50% of the coins belong to the team? I am sure that speculation is possible but ODN should have great success.

The coins have been distributed in the following manner:

-15% ODN (14.7 million coins) will be distributed among the members of the core team.

-25% ODN (24.5 million coins) will be sent to multiple accounts to be used for direct OSM licensing, integration and ongoing development. ODN from this allocation will in addition provide ODN opens as an incentive for 2nd tier developers, designers, marketing, advertising and any other ongoing Obsidian costs.

60% ODN (58.8 million coins) will be sent to another escrow address and this part will be offered to the interested parties in the ICO and Pre-sale.

-50% of this will be available to exchange for ETH and BTC in the ICO

-50% will be reserved for VC funding and strategic partnerships.

Post ICO:

-30% Will be used for advertising, marketing, developers, daily operational costs of the company and similar expenses. This will also include a monthly salary for the core and 2nd tier members of the team.

-20% Will be kept as company assets, for ensuing compliance with all the appropriate regulatory agencies.

The remaining amount will be divided between the core founding members. The final use and distribution of the second half of the ICO final amount will always be decided by the majority vote of ICO founders and is intended for funding ongoing Obsidian-related work.

There is no reason for panic in this case. Is there any news about exchanges? this would have led to a significant increase in the price of a coin.

More development updates and promotion news can now have a positive impact on the price. Obsidian team need to puslish now some fresh information about the project.

I think first need to settle all the internal problems of the team, and then take up the marketing of the project. I believe in the success of obsidian.

[andro hac]

The CEO got in touch with the core team, the lead dev stepped down but is still developing and seems happier. Communications been re-established, and the CEOs allegedly doing 7 day weeks right now and meeting with others and hopefully doing a few AMAs starting march.

The biggest issue is all this happened while the market was rebounded which is why your seeing such a low price atm. Broke a lot of investor confidence

[22justin]

I thought the CEO quit and lead dev was staying and taking over as CEO.

Guess ive got it wrong.