[Ann] [OTN] Open Trading Network | OTN Token | Uniting the crypto world

[jamiedimoncoin]

lol, that jamiedimon shiller made a lot of money on it.

eheheheh i get lucky because im front of pc.....but yes got really massive token now......hold and wait until get back over 70/90 dollar....

Many ask why token get down.................some answer, my idea still....the token go really down because in the next week start in a big exchange....(poloniex???bifrex???gdax (99%)?)
then price must be down before get to new exchange and before go price hype up and find support.

We can see what happen in the next week...........My thinking is the price go up to 70/90$ soon...............just remember hold and wait until you get free token on 1 January and after February.........just hold and be win in one year really happy.......

2019....price fly to 500/600$ investiment need to be patience and wait and wait.

goodluck everyone.......

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[Pandur]

is it me or isn't the circulating supply moving at all?

[TickerPyro]

is it me or isn't the circulating supply moving at all?

If you mean that the trade volume has gone to shit, then you sir are correct. Went from around 2k on th 1/2s to 200+-20. Huge turnaround. Hope that answers your ? =/

[OpenTN]

Guys... it's just the market being the market. Is everybody really surprised by heavy price swings when it comes to crypto? Or did you really believe it would keep mooning for 1 year straight without any corrections?

No.
My main question is:
If the price goes up a lot, as is normal of the market, OTN uses as a great marketing.
If the price drops a lot (as now), do not give satisfaction in channels of communication with your audience.

I do not expect OTN to put the price drop on your website, obviously that would be bad for the project, but only an explanation for investors would suffice.

Guys, patience please 
The token is not dying and neither is the project.
Such price swings are nothing unusual for the crypto world.
We're not putting out any statements about the price slump because there isn't much to say except for "buy low", but we don't want to be *that* kind of people and seem like we're tricking you. Let's be honest - if we were to use that angle, everyone would've accused us of scamming ))

The truth is this: 1) cryptos are rather unpredictable 2) the initial hype is probably going down.
But we have full faith in the Open Trading Network and we know it for a fact that the price will rebound eventually. We just can't say with 100% certainty when it's going to happen.

[InvestorOTNAndOthers]

Guys... it's just the market being the market. Is everybody really surprised by heavy price swings when it comes to crypto? Or did you really believe it would keep mooning for 1 year straight without any corrections?

No.
My main question is:
If the price goes up a lot, as is normal of the market, OTN uses as a great marketing.
If the price drops a lot (as now), do not give satisfaction in channels of communication with your audience.

I do not expect OTN to put the price drop on your website, obviously that would be bad for the project, but only an explanation for investors would suffice.

Guys, patience please 
The token is not dying and neither is the project.
Such price swings are nothing unusual for the crypto world.
We're not putting out any statements about the price slump because there isn't much to say except for "buy low", but we don't want to be *that* kind of people and seem like we're tricking you. Let's be honest - if we were to use that angle, everyone would've accused us of scamming ))

The truth is this: 1) cryptos are rather unpredictable 2) the initial hype is probably going down.
But we have full faith in the Open Trading Network and we know it for a fact that the price will rebound eventually. We just can't say with 100% certainty when it's going to happen.

Thank you OTN.

That's all we need. This communication between the project and the people who believe in it.

[jamiedimoncoin]

Circulating Supply
2,577,480 OTN

Iqoption i see 1,312,540

token distribution from Iq it's 1,312,540 OTN in marketcap see 2,577,480 OTN this 1,264,940 come from??? OTN foundation?

Supposing the price go down because last day put in market over 1 million token from where??? then sell and price go down,that's true?

more token price get down......now my answer this 1,264,940 token coming from where?

just for know about transparency because I not see any news about new token entry from where

[OpenTN]

Circulating Supply
2,577,480 OTN

Iqoption i see 1,312,540

token distribution from Iq it's 1,312,540 OTN in marketcap see 2,577,480 OTN this 1,264,940 come from??? OTN foundation?

Supposing the price go down because last day put in market over 1 million token from where??? then sell and price go down,that's true?

more token price get down......now my answer this 1,264,940 token coming from where?

just for know about transparency because I not see any news about new token entry from where

That is a good question.

CoinMarketCap is an independent company having their own vision on how to define the circulation supply of any token. In OTN’s case their formula does not do justice and below we clarify it. According to the Whitepaper and the section discussing token distribution we highlight the following:

• 28,000,000 OTN tokens were given to IQ Option’s team and shareholders. These tokens are NOT blocked and at any time can be on the exchanges and market.
• Additional 51,000,000 OTN tokens cannot be transferred except only only for planned purposes  – 30 mil. tokens are owned by The Open Trading Network Foundation, 16 mil. tokens will be distributed over a 2 years period (every quarter 2 million tokens) as a bonus to token holders, 5 mil. tokens are reserved to OTN.Wallet users to motivate them.

Therefore, Circulation Supply = TOTAL SUPPLY - 51,000,000 => 81,038,759 - 51,000,000 = 30,038,759

Capitalization should be calculated as follows CAP = (TOTAL SUPPLY – 51,000,000) * Token Price
At the moment CAP = (81,038,759 – 51,000,000) * $20.2 = $606,782,932

We believe that this circulation supply calculation provides a more accurate representation to traders and investors concerned about the total number of circulating tokens and risks associated with it.

[jamiedimoncoin]

thanks....OpenTN

just for undestand how much token alredy fly in the market.............cleared all

[totholio]

That can explain the price drop, lot of people thought 1.3 mil is the circulating. 4 mil volume is still awesome.

[reagannn]

does the bounty really exist? I've been waiting for this for a long time

[Makubekz]

Im having a hard time understanding the current circulating supply. The way you calculate is different from other coins. So what is it? 30,038,759?

[ggdragon7214]

Just wait and see.

To me, I feel confident on this token. Their value is directly relate to their commission.

And if you are iq option user, you can calculate how much commission per each token in last few weeks.

[marcoantonio]

what the f*** are you talking about?

are you humans or bots?

 

[Hibe]

Hi all,

Has ANYONE really cashed out their tokens? Like for real get fiat curremcy to their bank account?
I'm starting to think atleast livecoin.net (where 90% of OTN tokens are traded) is a shitscam. Been waiting for my verification over 2 weeks now.

So yeah, are there really people who have withdrawn no problem?
I got basically with 1$ price from IQ option about 1000 tokens, i just dont believe real money is that easy.

[YourplanB]

Circulating Supply
2,577,480 OTN

Iqoption i see 1,312,540

token distribution from Iq it's 1,312,540 OTN in marketcap see 2,577,480 OTN this 1,264,940 come from??? OTN foundation?

Supposing the price go down because last day put in market over 1 million token from where??? then sell and price go down,that's true?

more token price get down......now my answer this 1,264,940 token coming from where?

just for know about transparency because I not see any news about new token entry from where

That is a good question.

CoinMarketCap is an independent company having their own vision on how to define the circulation supply of any token. In OTN’s case their formula does not do justice and below we clarify it. According to the Whitepaper and the section discussing token distribution we highlight the following:

• 28,000,000 OTN tokens were given to IQ Option’s team and shareholders. These tokens are NOT blocked and at any time can be on the exchanges and market.
• Additional 51,000,000 OTN tokens are available only for planned purposes – 30 mil. tokens are owned by The Open Trading Network Foundation, 16 mil. tokens will be distributed every quarter (2 years period) as a bonus to token holders, 5 mil. tokens are reserved to OTN.Wallet users to motivate them.[/size]

https://i.imgur.com/xbUeFnE.png

Therefore, we believe the correct number of the circulation supply amounts to 51,000,000 OTN tokens in total.

Capitalization should be calculated as follows CAP = (TOTAL SUPPLY – 51,000,000) * Token Price
At the moment CAP = (81,038,759 – 51,000,000) * $20.2 = $606,782,932

We believe that this circulation supply calculation provides a more accurate representation to traders and investors concerned about the total number of circulating tokens and risks associated with it.

The problem I have with this is the 28 000 0000 token allocated to the IQ-Option team and Shareholders is the following:

Someone added 1 200 000 token into the market during the course of this week. I am not saying that it was the team and shareholders of IQ-Option, but let suppose for the sake of my below statement that it was them.

That would mean that they would get $43 million to share between them based on the dolor market price of OTN on the 19th November. This would be a reason why the price had dropped so dramatically since the 19th of November (because 1 200 000 tokens was added to the market).

We the poor community trying to support the token and get the market value up with pure trading will never succeed, because if the above statement of mine is true then it also means that as soon as we get the market value up by only few dollars then the IQ-Options team and shareholders can dump tokens again into the market, (for example another 1 million tokens, they will be able to do this 28 times, because they own 28 million tokens) and again they will take about roughly about  $43 million profit to share between them (and again the price of token will drop). 

I have lost about 80% of my OTN investment value since the 19th November till today. We as the community trying to support this token are fighting a losing battle. If I had known about this 28 million tokens allocated to IQ-Options then I would never have invested in this, but I can not blame anyone because I should have done more thorough investigation before investing. This token is only going one way in the future, and that is down.

[Acti_crypto]

Circulating Supply
2,577,480 OTN

Iqoption i see 1,312,540

token distribution from Iq it's 1,312,540 OTN in marketcap see 2,577,480 OTN this 1,264,940 come from??? OTN foundation?

Supposing the price go down because last day put in market over 1 million token from where??? then sell and price go down,that's true?

more token price get down......now my answer this 1,264,940 token coming from where?

just for know about transparency because I not see any news about new token entry from where

That is a good question.

CoinMarketCap is an independent company having their own vision on how to define the circulation supply of any token. In OTN’s case their formula does not do justice and below we clarify it. According to the Whitepaper and the section discussing token distribution we highlight the following:

• 28,000,000 OTN tokens were given to IQ Option’s team and shareholders. These tokens are NOT blocked and at any time can be on the exchanges and market.
• Additional 51,000,000 OTN tokens are available only for planned purposes – 30 mil. tokens are owned by The Open Trading Network Foundation, 16 mil. tokens will be distributed every quarter (2 years period) as a bonus to token holders, 5 mil. tokens are reserved to OTN.Wallet users to motivate them.[/size]

https://i.imgur.com/xbUeFnE.png

Therefore, we believe the correct number of the circulation supply amounts to 51,000,000 OTN tokens in total.

Capitalization should be calculated as follows CAP = (TOTAL SUPPLY – 51,000,000) * Token Price
At the moment CAP = (81,038,759 – 51,000,000) * $20.2 = $606,782,932

We believe that this circulation supply calculation provides a more accurate representation to traders and investors concerned about the total number of circulating tokens and risks associated with it.

The problem I have with this is the 28 000 0000 token allocated to the IQ-Option team and Shareholders is the following:

Someone added 1 200 000 token into the market during the course of this week. I am not saying that it was the team and shareholders of IQ-Option, but let suppose for the sake of my below statement that it was them.

That would mean that they would get $43 million to share between them based on the dolor market price of OTN on the 19th November. This would be a reason why the price had dropped so dramatically since the 19th of November (because 1 200 000 tokens was added to the market).

We the poor community trying to support the token and get the market value up with pure trading will never succeed, because if the above statement of mine is true then it also means that as soon as we get the market value up by only few dollars then the IQ-Options team and shareholders can dump tokens again into the market, (for example another 1 million tokens, they will be able to do this 28 times, because they own 28 million tokens) and again they will take about roughly about  $43 million profit to share between them (and again the price of token will drop). 

I have lost about 80% of my OTN investment value since the 19th November till today. We as the community trying to support this token are fighting a losing battle. If I had known about this 28 million tokens allocated to IQ-Options then I would never have invested in this, but I can not blame anyone because I should have done more thorough investigation before investing. This token is only going one way in the future, and that is down.

According to the above statement do you advice investing in this now or later or not at all ??

[herbex]

Be very carefull with this token !!!!!!

In my mind IQ OPTION , LIVECOIN and OTN Foundation those are the same people behind it and they did screw you over already for a lot of money.
Try to stay away from it for now and wait what will happen after new year.
Read reviews about scammers from IQ which were fined already last year and now somehow they have created this new ponzi OTN called.
Very dangerous and if you want to lose all your investments be prepared for it because this token will hit the bottom very soon.

[OpenTN]

Be very carefull with this token !!!!!!

In my mind IQ OPTION , LIVECOIN and OTN Foundation those are the same people behind it and they did screw you over already for a lot of money.
Try to stay away from it for now and wait what will happen after new year.
Read reviews about scammers from IQ which were fined already last year and now somehow they have created this new ponzi OTN called.
Very dangerous and if you want to lose all your investments be prepared for it because this token will hit the bottom very soon.

We do agree that people should watch a project/coin carefully and use their best judgement when considering any investment.
It's understandable if you're cautious. Our only advice is to wait for the OTN products to come out and speak for themselves.

In the meantime, we will not stand for being called a "ponzi scheme", it's absolutely uncalled for. These accusations are empty.
OTN Foundation is not affiliated with Livecoin in any shape or form. And as to IQ Option being fined for "scamming" - please, don't twist the story. All of those minor violations have been corrected a while ago.

[Hibe]

Be very carefull with this token !!!!!!

In my mind IQ OPTION , LIVECOIN and OTN Foundation those are the same people behind it and they did screw you over already for a lot of money.
Try to stay away from it for now and wait what will happen after new year.
Read reviews about scammers from IQ which were fined already last year and now somehow they have created this new ponzi OTN called.
Very dangerous and if you want to lose all your investments be prepared for it because this token will hit the bottom very soon.

We do agree that people should watch a project/coin carefully and use their best judgement when considering any investment.
It's understandable if you're cautious. Our only advice is to wait for the OTN products to come out and speak for themselves.

In the meantime, we will not stand for being called a "ponzi scheme", it's absolutely uncalled for. These accusations are empty.
OTN Foundation is not affiliated with Livecoin in any shape or form. And as to IQ Option being fined for "scamming" - please, don't twist the story. All of those minor violations have been corrected a while ago.

You've been telling everyone that these tokens can be sold at livecoin. I have not read anywhere even one person actually getting their money out from there.

[herbex]

OpenTN you have just proved to everybody that you are connected with IQ so ppl think !!!!!!!
How is it that a company who distribute OTN and having for themselve 55% of all OTN (28m out of 51m) dont manipulate the market and not scamming you trying to get out as much as is possible from you.
NEXT week they will distribute only 37500 OTN to users and probably somehow again it will show up out of nowhere another 1000000
Open your eyes and let them fail