.

[marchenko7897]

I do not have accruals. Why? Answer please. Screensho: https://prnt.sc/hifltt

[PavelMed]

I'm reading your whitepaper and I can't find mentions about the hardcap. Will you write about it later? The last project I've seen had 15millions hardcap (Snovio) and it seems pretty achievable. What are your plans?

Hey prodifter, thanks for giving our white paper a read! We will be distributing 180 million OPEN Token in our ICO at a starting price of $0.10. Therefore, our hard cap is approximately $18 million. 

If you collect this amount before the end of ISO, will you terminate the company ahead of schedule? Or you will be able to sell additional tokens to the end of ISO and why 18, this is not a very large amount.

[OpenMoneyBTT]

I'm reading your whitepaper and I can't find mentions about the hardcap. Will you write about it later? The last project I've seen had 15millions hardcap (Snovio) and it seems pretty achievable. What are your plans?

Hey prodifter, thanks for giving our white paper a read! We will be distributing 180 million OPEN Token in our ICO at a starting price of $0.10. Therefore, our hard cap is approximately $18 million. 

If you collect this amount before the end of ISO, will you terminate the company ahead of schedule? Or you will be able to sell additional tokens to the end of ISO and why 18, this is not a very large amount.

Initial hard cap is approximately $19M which is what we need to develop the project. If all tokens sell out then the ICO will end.

[SidneyShow]

Good evening!
It's good to see that the company is growing!
Every day many new people are added to the Telegram-chat!

[OpenMoneyBTT]

I do not have accruals. Why? Answer please. Screensho: https://prnt.sc/hifltt

Hello marchenko7897, as stated before, we are updating the spreadsheet row by row in chronological order. Once we get to your row, we will update your stakes. The Slack/Telegram/Twitter Campaign takes a while to update because everything must be done manually. We appreciate your patience.

[OpenMoneyBTT]

What is an oracle and why is it important?

An application's in-app prices for purchases should be listed in fiat currency as the price of cryptocurrencies often fluctuates greatly. Users will want to refer to this as a basepoint but also wish to use cryptocurrencies. To refer to accurate data on the price of the cryptocurrencies, an oracle is needed. They provide accurate information from a decentralized world (off-chain) to the blockchain world. There are a few potential oracle networks that may be used in the OPEN API, Chainlink, Oraclize, and GNOSIS. Speed and security will be the driving factors behind selecting an oracle.

Read more about it in our whitepaper!

[ellerby123]

What is an oracle and why is it important?

An application's in-app prices for purchases should be listed in fiat currency as the price of cryptocurrencies often fluctuates greatly. Users will want to refer to this as a basepoint but also wish to use cryptocurrencies. To refer to accurate data on the price of the cryptocurrencies, an oracle is needed. They provide accurate information from a decentralized world (off-chain) to the blockchain world. There are a few potential oracle networks that may be used in the OPEN API, Chainlink, Oraclize, and GNOSIS. Speed and security will be the driving factors behind selecting an oracle.

Read more about it in our whitepaper!

Thanks for the update dev! I'll check this out in the white paper.

[sergey1984]

Пoтpяcaющий пpoeкт! Bceм peкoмeндyю!! Paзpaбoтчикaм ycпexa!!

[OpenMoneyBTT]

How's your cat doing today? Lately, it seems like everyone in cryptoland has a cat! Seriously, we at OPEN love CryptoKitties as much as anyone else, but we also think it is a perfect example of poor application architecture. Why should a game like this be a pure decentralized app? We believe that by using a hybrid architecture, the important on-chain aspects of the app could coexist with a more traditional in-app database. This would reduce the drag on the Ethereum network and increase scalability. Guess what? This is exactly what OPEN provides! Want more information? Check out our white paper!

[OpenMoneyBTT]

Пoтpяcaющий пpoeкт! Bceм peкoмeндyю!! Paзpaбoтчикaм ycпexa!!

Thank you for your support! We'll meet everyone's expectations!

[ellerby123]

How's your cat doing today? Lately, it seems like everyone in cryptoland has a cat! Seriously, we at OPEN love CryptoKitties as much as anyone else, but we also think it is a perfect example of poor application architecture. Why should a game like this be a pure decentralized app? We believe that by using a hybrid architecture, the important on-chain aspects of the app could coexist with a more traditional in-app database. This would reduce the drag on the Ethereum network and increase scalability. Guess what? This is exactly what OPEN provides! Want more information? Check out our white paper!

So many use cases for OPEN - even CryptoKitties

[OpenMoneyBTT]

One of the unique aspects of our solution for developers to accept cryptocurrency for their in-app purchases is the Scaffold. The Scaffold is a smart contract that bridges the gap between the developer’s database and the user. They can be created through our API and customized to suit the developer who doesn't need to know or learn a blockchain specific programming language like Solidity.

Each Scaffold is created for a specific in-app product or subscription. When payment is sent from the user to the Scaffold, the Scaffold automatically transfers payment to the developer and returns to the User a State that represents the purchase.

For example, a Scaffold can be customized to issue subscriber status for a customer. The Scaffold will ultimately accept cryptocurrency from the user, provide the user with a subscriber state, and immediately send payment to the developer. No more lag time for developers to accept payment!

The OPEN scaffold is very modular and can be implemented with minimal modifications to their application. The OPEN API makes this a seamless and simple operation. Find in depth details and use cases regarding the Scaffold system in our whitepaper!

[ellerby123]

One of the unique aspects of our solution for developers to accept cryptocurrency for their in-app purchases is the Scaffold. The Scaffold is a smart contract that bridges the gap between the developer’s database and the user. They can be created through our API and customized to suit the developer who doesn't need to know or learn a blockchain specific programming language like Solidity.

Each Scaffold is created for a specific in-app product or subscription. When payment is sent from the user to the Scaffold, the Scaffold automatically transfers payment to the developer and returns to the User a State that represents the purchase.

For example, a Scaffold can be customized to issue subscriber status for a customer. The Scaffold will ultimately accept cryptocurrency from the user, provide the user with a subscriber state, and immediately send payment to the developer. No more lag time for developers to accept payment!

The OPEN scaffold is very modular and can be implemented with minimal modifications to their application. The OPEN API makes this a seamless and simple operation. Find in depth details and use cases regarding the Scaffold system in our whitepaper!

I love the Scaffold. Decentralizing the payment process for apps is the way to go.

[OpenMoneyBTT]

One of our most important architecture ideas is that not every aspect of every app needs to be decentralized. There are still advantages to centralized systems. There are clear benefits when applied correctly to solve a problem and not all situations call for a blockchain solution. In OPEN Platform’s case, the problem we address is the in-app purchasing system: how payments are received and ultimately affect an application’s centralized platform. The application database is complex and protected, necessary for the developer. Attempting to apply a blockchain for the database would not be practical; loss of efficiency and re-work by the developer.

The centralized systems that are replaced by our blockchain solution are all the payment channels needed today: user’s bank, merchant bank, payment provider, etc. Our Scaffold smart contracts allow payment to be direct between User and Developer. The Scaffold also acts as a link between the User and the Application Database. Payment for the specific purchase can be confirmed and affect the Database, completing the transaction.

The advantage for this solution is clear, avoiding the fees imposed by those centralized payment entities, accepting cryptocurrency, and instant access to the transaction funds. Selectively applying blockchain technology can provide great benefits for a system, leaving the centralized and decentralized portions to do what they do best. For a more comprehensive description of the OPEN Platform solution, please have a look at our whitepaper!

[ellerby123]

One of our most important architecture ideas is that not every aspect of every app needs to be decentralized. There are still advantages to centralized systems. There are clear benefits when applied correctly to solve a problem and not all situations call for a blockchain solution. In OPEN Platform’s case, the problem we address is the in-app purchasing system: how payments are received and ultimately affect an application’s centralized platform. The application database is complex and protected, necessary for the developer. Attempting to apply a blockchain for the database would not be practical; loss of efficiency and re-work by the developer.

The centralized systems that are replaced by our blockchain solution are all the payment channels needed today: user’s bank, merchant bank, payment provider, etc. Our Scaffold smart contracts allow payment to be direct between User and Developer. The Scaffold also acts as a link between the User and the Application Database. Payment for the specific purchase can be confirmed and affect the Database, completing the transaction.

The advantage for this solution is clear, avoiding the fees imposed by those centralized payment entities, accepting cryptocurrency, and instant access to the transaction funds. Selectively applying blockchain technology can provide great benefits for a system, leaving the centralized and decentralized portions to do what they do best. For a more comprehensive description of the OPEN Platform solution, please have a look at our whitepaper!

This is the right approach to applying blockchain technology. It is so true that not everything needs to be decentralized. Combining the best of both centralized systems and the blockchain will produce the best result.

[OpenMoneyBTT]

Developers who wish to develop applications (games or others) utilizing the blockchain should rely on a mix of on-chain and off-chain application architecture with respect to their application stack, especially until the Ethereum network has resovled its scaling issues.

 Off-Chain - Utilizing a traditional database or application layer for an application's heavy lifting. There is nothing wrong with utilizing a database for what it's meant to do, and helps to keep only components of an application that can truly benefit from being decentralized on-chain.

On-Chain - Relying on what blockchains are good at now, on-chain components of an application could very well just focus on payments, ownership of digital assets, game assets bought with cryptocurrency, and authorization/verification that you indeed bought x item to interact with smart contracts that are part of application.

Game settings, design algorithms (i.e the GeneScience or KittyAccessControl code in CryptoKitties), admin aspects, pricing models, should be done off-chain if utilizing something like OPEN.

Want more info? Check out our white paper!

[gulek89]

Toлькo чтo пpиcoeдинилcя к кaмпaнии в coциaльныx ceтяx.

[ellerby123]

Developers who wish to develop applications (games or others) utilizing the blockchain should rely on a mix of on-chain and off-chain application architecture with respect to their application stack, especially until the Ethereum network has resovled its scaling issues.

 Off-Chain - Utilizing a traditional database or application layer for an application's heavy lifting. There is nothing wrong with utilizing a database for what it's meant to do, and helps to keep only components of an application that can truly benefit from being decentralized on-chain.

On-Chain - Relying on what blockchains are good at now, on-chain components of an application could very well just focus on payments, ownership of digital assets, game assets bought with cryptocurrency, and authorization/verification that you indeed bought x item to interact with smart contracts that are part of application.

Game settings, design algorithms (i.e the GeneScience or KittyAccessControl code in CryptoKitties), admin aspects, pricing models, should be done off-chain if utilizing something like OPEN.

Want more info? Check out our white paper!

Thank you for making the distinction between On-Chain and Off-Chain components in an application! I will definitely look into this further.

[OpenMoneyBTT]

Just a reminder about our awesome bounty contest: The number of entries/stakes earned in the bounty contest does not correspond with the number of tokens that each participant will earn. Instead, at the end of the bounty contest (when the public ICO has concluded) the dedicated pool of tokens will be divided proportionally between all participants based on the number of entries/stakes earned. The more entries you accumulate the more tokens you'll receive!

[ellerby123]

Just a reminder about our awesome bounty contest: The number of entries/stakes earned in the bounty contest does not correspond with the number of tokens that each participant will earn. Instead, at the end of the bounty contest (when the public ICO has concluded) the dedicated pool of tokens will be divided proportionally between all participants based on the number of entries/stakes earned. The more entries you accumulate the more tokens you'll receive!

That makes sense. Thanks for clarifying!