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OpenMoneyBTT
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November 18, 2017, 02:42:26 PM
 #941

Here's a quick overview of our OPEN token 🙂

The OPEN token is a ERC20 standard token that is fundamental in providing utility to the OPEN Platform. Developers use it to primarily activate Scaffolds. This is done by staking OPENtoken for a set period of time. The developer is free to leave it in the Scaffold or close the Scaffold and retrieve the tokens. As the value of OPENToken will change due to the market, the value may be greater than when entered. In this case, a small percentage of this gain will be distributed evenly to members of the community with a positive OPENToken balance. The original value of the token and remainder of the gain will return to the developer. The tokens are simply returned to the developer if the value remains the same or has dropped.
The token ultimately provides great utility for Developers to access and integrate cryptocurrency into their existing applications. In addition, the staking of the Token also encourages the use of the Platform and benefits members of the community, helping to establish a fruitful OPEN ecosystem. Future implementation in the token may include a premium when OPEN Token is used as the currency in the transaction. Read more about it in our whitepaper! http://go.openmoney.digital/obmtwp
OpenMoneyBTT
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November 18, 2017, 02:45:18 PM
 #942

i dont want my accounts scamed of ico but I believe not all ICO's are all ripoffs , occasionally you will find ICO's which are scam , and you can tell it immediately when the ICO is scam or otherwise , if the whitepaper and the coin appears fascinating and have a excellent future for the task , its for you to decide wether you commit , sign up for or otherwise. I have sign up for prior to within an ICO but in start i figured that it will be considered a successfull but ultimately it was a scam. From now then i read very carefully about ICO's that are great to purchase.

Unfortunately, what you say is true. Hopefully we can come up with ways of preventing scam ICOs in a near future. ICOs have proven to be a great source of funding for many great ideas and the fact that some people try to take advantage of this really hurt its reputation. We'll keep fighting against all these scammers!
ellerby123
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November 18, 2017, 04:51:29 PM
 #943

Here's a quick overview of our OPEN token 🙂

The OPEN token is a ERC20 standard token that is fundamental in providing utility to the OPEN Platform. Developers use it to primarily activate Scaffolds. This is done by staking OPENtoken for a set period of time. The developer is free to leave it in the Scaffold or close the Scaffold and retrieve the tokens. As the value of OPENToken will change due to the market, the value may be greater than when entered. In this case, a small percentage of this gain will be distributed evenly to members of the community with a positive OPENToken balance. The original value of the token and remainder of the gain will return to the developer. The tokens are simply returned to the developer if the value remains the same or has dropped.
The token ultimately provides great utility for Developers to access and integrate cryptocurrency into their existing applications. In addition, the staking of the Token also encourages the use of the Platform and benefits members of the community, helping to establish a fruitful OPEN ecosystem. Future implementation in the token may include a premium when OPEN Token is used as the currency in the transaction. Read more about it in our whitepaper! http://go.openmoney.digital/obmtwp

I am glad to see that the OPEN token plays a fundamental role in the OPEN Platform. In contrast, there are tokens out there that have no utility and serve no purpose other than to raise funds for an ICO.
borishaifa
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November 18, 2017, 04:58:03 PM
 #944

Here's a quick overview of our OPEN token 🙂

The OPEN token is a ERC20 standard token that is fundamental in providing utility to the OPEN Platform. Developers use it to primarily activate Scaffolds. This is done by staking OPENtoken for a set period of time. The developer is free to leave it in the Scaffold or close the Scaffold and retrieve the tokens. As the value of OPENToken will change due to the market, the value may be greater than when entered. In this case, a small percentage of this gain will be distributed evenly to members of the community with a positive OPENToken balance. The original value of the token and remainder of the gain will return to the developer. The tokens are simply returned to the developer if the value remains the same or has dropped.
The token ultimately provides great utility for Developers to access and integrate cryptocurrency into their existing applications. In addition, the staking of the Token also encourages the use of the Platform and benefits members of the community, helping to establish a fruitful OPEN ecosystem. Future implementation in the token may include a premium when OPEN Token is used as the currency in the transaction. Read more about it in our whitepaper! http://go.openmoney.digital/obmtwp

I am glad to see that the OPEN token plays a fundamental role in the OPEN Platform. In contrast, there are tokens out there that have no utility and serve no purpose other than to raise funds for an ICO.

Absolutely! Especially, i am glad to read about this project, when i meet all that PenisCoin, PussyCoin and ShitCoin.
levyashin
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November 18, 2017, 07:47:48 PM
 #945

Here's a quick overview of our OPEN token 🙂

The OPEN token is a ERC20 standard token that is fundamental in providing utility to the OPEN Platform. Developers use it to primarily activate Scaffolds. This is done by staking OPENtoken for a set period of time. The developer is free to leave it in the Scaffold or close the Scaffold and retrieve the tokens. As the value of OPENToken will change due to the market, the value may be greater than when entered. In this case, a small percentage of this gain will be distributed evenly to members of the community with a positive OPENToken balance. The original value of the token and remainder of the gain will return to the developer. The tokens are simply returned to the developer if the value remains the same or has dropped.
The token ultimately provides great utility for Developers to access and integrate cryptocurrency into their existing applications. In addition, the staking of the Token also encourages the use of the Platform and benefits members of the community, helping to establish a fruitful OPEN ecosystem. Future implementation in the token may include a premium when OPEN Token is used as the currency in the transaction. Read more about it in our whitepaper! http://go.openmoney.digital/obmtwp

So you are sharing some dividends but not actually dividends. I think you are compatible with sec so you will let Us citizens invest.

A unique way to surpass sec dividend rule. Everything about this project is unique, why this shouldn't be same? Smiley

zenece
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November 18, 2017, 07:57:24 PM
 #946

It seems to be nice project, very promising, good idea Smiley
OpenMoneyBTT
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November 18, 2017, 09:24:02 PM
 #947

Here's a quick overview of our OPEN token 🙂

The OPEN token is a ERC20 standard token that is fundamental in providing utility to the OPEN Platform. Developers use it to primarily activate Scaffolds. This is done by staking OPENtoken for a set period of time. The developer is free to leave it in the Scaffold or close the Scaffold and retrieve the tokens. As the value of OPENToken will change due to the market, the value may be greater than when entered. In this case, a small percentage of this gain will be distributed evenly to members of the community with a positive OPENToken balance. The original value of the token and remainder of the gain will return to the developer. The tokens are simply returned to the developer if the value remains the same or has dropped.
The token ultimately provides great utility for Developers to access and integrate cryptocurrency into their existing applications. In addition, the staking of the Token also encourages the use of the Platform and benefits members of the community, helping to establish a fruitful OPEN ecosystem. Future implementation in the token may include a premium when OPEN Token is used as the currency in the transaction. Read more about it in our whitepaper! http://go.openmoney.digital/obmtwp

I am glad to see that the OPEN token plays a fundamental role in the OPEN Platform. In contrast, there are tokens out there that have no utility and serve no purpose other than to raise funds for an ICO.

Hey ellerby123, you make a great point. OPEN Token is a utility token that will be used in and within the operation of the OPEN Platform. Both developers and users will benefit greatly from the utility that it provides.
OpenMoneyBTT
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November 18, 2017, 09:37:59 PM
 #948

This looks like a really interesting project with a lot of potential.

Hello Cheerier, thanks for your support! You can learn more about OPEN Platform by checking out our website: https://www.openfuture.io/. and white paper: https://s3.amazonaws.com/openmoney/OPEN_TECH_WP_V2.pdf .
OpenMoneyBTT
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November 18, 2017, 09:41:13 PM
 #949

It seems to be nice project, very promising, good idea Smiley

Thanks for your support zenece! You can learn more about OPEN Platform by checking out our website: https://www.openfuture.io/ and white paper: https://s3.amazonaws.com/openmoney/OPEN_TECH_WP_V2.pdf .
CryptoBry
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November 19, 2017, 03:22:08 AM
 #950

Here's a quick overview of our OPEN token 🙂

The OPEN token is a ERC20 standard token that is fundamental in providing utility to the OPEN Platform. Developers use it to primarily activate Scaffolds. This is done by staking OPENtoken for a set period of time. The developer is free to leave it in the Scaffold or close the Scaffold and retrieve the tokens. As the value of OPENToken will change due to the market, the value may be greater than when entered. In this case, a small percentage of this gain will be distributed evenly to members of the community with a positive OPENToken balance. The original value of the token and remainder of the gain will return to the developer. The tokens are simply returned to the developer if the value remains the same or has dropped.
The token ultimately provides great utility for Developers to access and integrate cryptocurrency into their existing applications. In addition, the staking of the Token also encourages the use of the Platform and benefits members of the community, helping to establish a fruitful OPEN ecosystem. Future implementation in the token may include a premium when OPEN Token is used as the currency in the transaction. Read more about it in our whitepaper! http://go.openmoney.digital/obmtwp

Technically, I am not good in grasping many jargon in the cryptocurrency world. When we say ERC20, we usually refer it to that of the Ethereum-based ecosystem which I assumed can be technically better than Bitcoin in terms of application and support. Now, am wondering, does it mean that the OPEN Platform is not accepting Bitcoin as a mode of payment?
pynetx
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November 19, 2017, 09:21:03 AM
 #951

Game and app developers can choose to hold payments in ETH, convert to another cryptocurrency or even fiat, at point of sale.

Meaning price will lock at the time of the payment?
SidneyShow
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November 19, 2017, 02:34:02 PM
 #952

Game and app developers can choose to hold payments in ETH, convert to another cryptocurrency or even fiat, at point of sale.

Meaning price will lock at the time of the payment?


I, too, are interested in this issue.
Crypto currency exchange rates vary very quickly, which is far from always convenient.
OpenMoneyBTT
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November 19, 2017, 03:37:28 PM
 #953

We know you love these. We love them too. You love the points, we love the content. So here's a THANKSGIVING SPECIAL!


THANKSGIVING WEEK SPECIAL, EARN 1000 STAKES!

What you have to do:

Create and publish an original piece of content that mentions Open Platform! You can write a blog post, publish an article, record a video, do a podcast... We love them all.


Requirements to earn bounty stakes:

1. Must be original content
2. Written content must be at least 450 words
3. Audio and video content must be at least 2 minutes
4. Must discuss Open Money in a positive light
5. Must include a link back to our website using this url: http://go.openmoney.digital/3lm0
6. You must submit the URL to your published content as an answer to the custom action on our bounty contest - **you'll get 1000 stakes!**. Sign up here if you haven't already http://go.openmoney.digital/bountycontest

CryptoBry
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November 19, 2017, 05:18:37 PM
 #954

Quote
I am glad to see that the OPEN token plays a fundamental role in the OPEN Platform. In contrast, there are tokens out there that have no utility and serve no purpose other than to raise funds for an ICO.

In contrast with so many ICOs in the market right now in which most of them are just there for the money, we can see the big difference here in OpenMoney that is why I always said that this project is really supporting with. There is a great future awaiting for a real project with real people at the helm.
ellerby123
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November 19, 2017, 07:55:29 PM
 #955

We know you love these. We love them too. You love the points, we love the content. So here's a THANKSGIVING SPECIAL!


THANKSGIVING WEEK SPECIAL, EARN 1000 STAKES!

What you have to do:

Create and publish an original piece of content that mentions Open Platform! You can write a blog post, publish an article, record a video, do a podcast... We love them all.


Requirements to earn bounty stakes:

1. Must be original content
2. Written content must be at least 450 words
3. Audio and video content must be at least 2 minutes
4. Must discuss Open Money in a positive light
5. Must include a link back to our website using this url: http://go.openmoney.digital/3lm0
6. You must submit the URL to your published content as an answer to the custom action on our bounty contest - **you'll get 1000 stakes!**. Sign up here if you haven't already http://go.openmoney.digital/bountycontest



Another great opportunity to earn stakes! Thank you Smiley
OpenMoneyBTT
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November 19, 2017, 09:38:50 PM
 #956

Here's a quick overview of our OPEN token 🙂

The OPEN token is a ERC20 standard token that is fundamental in providing utility to the OPEN Platform. Developers use it to primarily activate Scaffolds. This is done by staking OPENtoken for a set period of time. The developer is free to leave it in the Scaffold or close the Scaffold and retrieve the tokens. As the value of OPENToken will change due to the market, the value may be greater than when entered. In this case, a small percentage of this gain will be distributed evenly to members of the community with a positive OPENToken balance. The original value of the token and remainder of the gain will return to the developer. The tokens are simply returned to the developer if the value remains the same or has dropped.
The token ultimately provides great utility for Developers to access and integrate cryptocurrency into their existing applications. In addition, the staking of the Token also encourages the use of the Platform and benefits members of the community, helping to establish a fruitful OPEN ecosystem. Future implementation in the token may include a premium when OPEN Token is used as the currency in the transaction. Read more about it in our whitepaper! http://go.openmoney.digital/obmtwp

Technically, I am not good in grasping many jargon in the cryptocurrency world. When we say ERC20, we usually refer it to that of the Ethereum-based ecosystem which I assumed can be technically better than Bitcoin in terms of application and support. Now, am wondering, does it mean that the OPEN Platform is not accepting Bitcoin as a mode of payment?

Hello CryptoBry, our platform is cryptocurrency agnostic. So, while users will be offered a premium if they pay in OPEN Token, our platform will allow you to pay with almost any major cryptocurrency!
OpenMoneyBTT
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November 19, 2017, 09:51:24 PM
 #957

Game and app developers can choose to hold payments in ETH, convert to another cryptocurrency or even fiat, at point of sale.

Meaning price will lock at the time of the payment?

Hello pynetx! We understand that one of the largest barriers to adoption of cryptocurrencies by developers has been the incredible price volatility
cryptocurrencies exhibit. The OPEN architecture is designed such that the developer’s exposure to this volatility is greatly minimized. OPEN utilizes automatic liquidation to reduce exposure to price volatility. 

Please read our technical white paper for more details: https://s3.amazonaws.com/openmoney/OPEN_TECH_WP_V2.pdf

OpenMoneyBTT
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November 19, 2017, 09:56:36 PM
 #958

Quote
I am glad to see that the OPEN token plays a fundamental role in the OPEN Platform. In contrast, there are tokens out there that have no utility and serve no purpose other than to raise funds for an ICO.

In contrast with so many ICOs in the market right now in which most of them are just there for the money, we can see the big difference here in OpenMoney that is why I always said that this project is really supporting with. There is a great future awaiting for a real project with real people at the helm.

Thank you for the support CryptoBry! 
OpenMoneyBTT
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November 19, 2017, 10:02:57 PM
 #959

Game and app developers can choose to hold payments in ETH, convert to another cryptocurrency or even fiat, at point of sale.

Meaning price will lock at the time of the payment?


I, too, are interested in this issue.
Crypto currency exchange rates vary very quickly, which is far from always convenient.

Hello SidneyShow,

The OPEN architecture is designed such that the developer’s exposure to price volatility is greatly minimized. Once a payment is verified, our Scaffold automatically transfers the funds to the developer’s wallet, allowing for instant liquidity and protection from volatility for the application and developer.

You can read our technical white paper for more details: https://s3.amazonaws.com/openmoney/OPEN_TECH_WP_V2.pdf

OpenMoneyBTT
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November 20, 2017, 02:06:01 PM
 #960

Hey everyone. Just a quick heads up for all our bounty contest participants. We are in the process of auditing all of the User Generated Content submitted by you. We are truly impressed by the effort many of you have put in! Unfortunately, we're also a bit upset by those of you who have tried to "game" the system by submitting low quality, duplicate or even fictional content. From the very beginning we've been clear that cheaters won't be tolerated, so if you get a message telling you you've been disqualified, don't be surprised. This is a serious project and we deeply appreciate the hard work many of our participants are putting in. For those of you who are just out to earn a quick bag of tokens, this is not where you need to be.
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