[ANN][ICO] Opakeco: Transparency and Accountability for Humanitarian Causes

[Aki4real]

Ann:Our website is up, we will add more information in the following days

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[kaneki007]

can i reserve for indonesian translation?

[Aki4real]

can i reserve for indonesian translation?

You can PM me for translations and bounties

[AkissikA]

Hey there, my name is Akis one of the co-founders of Opakeco. I am very happy to see that people are having a positive reaction to our plans and that the community is already offering help in different ways. The website is now online so check it out @ www.opakeco.org if you want more information. The Opakeco team will be doing its best to answer any questions on al the different channels we are active in. Anyone having questions regarding marketing or press can contact me directly @ team@opakeco.com

[Cherry.W]

It's one of those great, very detailed, and well-planned projects, hopefully to be the latest breakthrough project, the best innovative I've ever met, good luck and excellent run

[Aki4real]

It's one of those great, very detailed, and well-planned projects, hopefully to be the latest breakthrough project, the best innovative I've ever met, good luck and excellent run

Thanks Cherry.W, if you've got any questions I'll be happy to answer them!

[gomei]

An interesting project with such a small cap, the hard cap is only 10,000ETH since the ETH is much cheaper now. And the team is very confident for the project, the team tokens will be locked for 5 years, much longer than other projects, I will keep an eye on this project.

[yillusion]

i see much slogan and brainwash-like in this ANN, i don't like this, for only who have no action will focus on words, even so, i will keep an eye on it to see if you have done something more than words

[haxllega]

do you ned german translation?

[Aki4real]

An interesting project with such a small cap, the hard cap is only 10,000ETH since the ETH is much cheaper now. And the team is very confident for the project, the team tokens will be locked for 5 years, much longer than other projects, I will keep an eye on this project.

Thanks! Nice to hear you find it interesting!
The team tokens will be locked for 5 years indeed, with 5% being released per Q.

If you have any other questions, I'd love to answer them!

[Aki4real]

i see much slogan and brainwash-like in this ANN, i don't like this, for only who have no action will focus on words, even so, i will keep an eye on it to see if you have done something more than words

Hello! Could you please elaborate on what you think is 'brainwash-like'?
Please DO keep an eye on us! We will certainly put out words into action .

If you have any questions, or if I can help you get more confident about our genuine intentions. Let us know, I'll gladly answer you.

[Aki4real]

do you ned german translation?

Hi!
Yeah, you can PM me for details

[IronMan1956]

Very interesting project! I like the video you've made.

[Aki4real]

Very interesting project! I like the video you've made.

Thanks! I hope you read the whitepaper and if you have any other questions let me know.

[gomei]

An interesting project with such a small cap, the hard cap is only 10,000ETH since the ETH is much cheaper now. And the team is very confident for the project, the team tokens will be locked for 5 years, much longer than other projects, I will keep an eye on this project.

Thanks! Nice to hear you find it interesting!
The team tokens will be locked for 5 years indeed, with 5% being released per Q.

If you have any other questions, I'd love to answer them!

Though there is a small cap, I want to know if there is any escrow for the raised fund since many investors want to see the the funds be kept safely.

[ojackie]

An interesting project with such a small cap, the hard cap is only 10,000ETH since the ETH is much cheaper now. And the team is very confident for the project, the team tokens will be locked for 5 years, much longer than other projects, I will keep an eye on this project.

Thanks! Nice to hear you find it interesting!
The team tokens will be locked for 5 years indeed, with 5% being released per Q.

If you have any other questions, I'd love to answer them!

Though there is a small cap, I want to know if there is any escrow for the raised fund since many investors want to see the the funds be kept safely.

Great point! And not just investors want to have the funds kept securely, we do as well! After we finish up on the contracts (and deploy them on the network), anyone will be able to verify what I am about to say. Or, if we did it wrong, debunk it, in which case we would require a redo of the affected contract(s).

The smart contracts for asset management work by storing Ether (these are the funds sent in to exchange for Karmo tokens) sent from the ICO contract. The ICO contract transfers this to a contract wallet that is called every quarter to release a set amount of funds to the Opakeco Ether wallet address. Only when Ether arrives in this wallet, will it be usable by the Opakeco foundation. Alongside this, there is a mechanism that does a refund of all remaining Ether to the contributors in the case there is a vote to stop Opakeco using a kill switch contract.

With regards to the security of the specific wallet address, I refer you to my colleague, René (ren-e), as I know how much he enjoys explaining the layers of physical and information security surrounding the usage of our funds.

[ren-e]

It's quite extensive, but to summarise what we’ve done for the wallet security is creating a dedicated computer for the wallet. This computer is installed using an automated process, which has been documented and reviewed. The installation will verify all required files, so we are certain the installation is clean. This computer has been secured with a firewall, full disk encryption, multi factor authentication and the BIOS has been locked down. But don’t get me wrong there is absolutely nothing on this computer that gives you access to the wallets. All secrets have been generated in memory, so they were never stored on this computer. The wallets have been stored on three USB devices, which also contain multiple layers of security. The USB devices, computer and secrets are all stored separately in a vault.

We’re not stopping there, because the process also needed attention. At least two members from Opakeco are required in operating the wallets. Before we can use the wallet we must verify whether the computer, Ethereum client or USB devices needs to be updated. All the required commands for the transaction are prepared and reviewed before execution. The synchronisation with the blockchain and the transaction itself is done separately. When the transaction has been made the secrets, USB device and computer device will be locked away in the vault.

Hope this gives you an idea how it's setup.

[gomei]

It's quite extensive, but to summarise what we’ve done for the wallet security is creating a dedicated computer for the wallet. This computer is installed using an automated process, which has been documented and reviewed. The installation will verify all required files, so we are certain the installation is clean. This computer has been secured with a firewall, full disk encryption, multi factor authentication and the BIOS has been locked down. But don’t get me wrong there is absolutely nothing on this computer that gives you access to the wallets. All secrets have been generated in memory, so they were never stored on this computer. The wallets have been stored on three USB devices, which also contain multiple layers of security. The USB devices, computer and secrets are all stored separately in a vault.

We’re not stopping there, because the process also needed attention. At least two members from Opakeco are required in operating the wallets. Before we can use the wallet we must verify whether the computer, Ethereum client or USB devices needs to be updated. All the required commands for the transaction are prepared and reviewed before execution. The synchronisation with the blockchain and the transaction itself is done separately. When the transaction has been made the secrets, USB device and computer device will be locked away in the vault.

Hope this gives you an idea how it's setup.

hello, ojackie and ren-e, thank you for answering my quesiton. That is very cool, I think you have tried your best to keep the funds safe and it is enough in my opinion.

[haxllega]

Do you need German Translation?

[Aki4real]

Do you need German Translation?

Hi! Yeah, you can do the german translation and moderate the topic for 13k Karmo tokens(worth about 0,5eth)

If you have any questions pm me !