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

[OpenTN]

Welcome to the Official Open Trading Network [OTN] Thread.

This is the place where you can find our latest news regarding development, product releases, list of major participants, volume achievements, important events and more!







Discuss OTN in your native language:    English  Pyccкий    Deutsch    Português  Italiano


What is OTN?

Open Trading Network (OTN) is a global cross-chain trading ecosystem which is aimed to give every market participant a range of products to obtain maximum blockchain guarantees and, at the same time, offers full range of comfort instruments at their disposal. OTN is made to integrate all market makers and asset holders through efficient tokenization. OTN is created to provide easy-to-use products for mass-market and interfaces for regulators. OTN is built to be open and unite everyone in a single trading space. In other words, we aim to create an accessible global cross-chain market where everyone is connected and empowered.

Our path is different. We aim to build a product-first solution. This means every step of our roadmap is made for people to try and use immediately. This is possible as we have partnerships with strong market players and already have enough financial support to handle development and marketing.




What is an OTN token?

Open Trading Network will use OTN coin as base internal currency, and all collateral logic and exchange transactions will depend on it. This currency will be implemented as part of our custom blockchain. During our advancement to OTN future, we plan to continuously release new products for clients connected to parts of OTN platform as we build them. And that’s why we launch Ethereum ERC20 token - OTN token - which will be used as substitution for OTN coin while blockchain is under development (there will be one to one conversion at the moment of launch). OTN token can be used with available products right away - from the 9th of October IQ Option broker will accept OTN tokens to pay for commission on crypto instruments trading.

The total supply of OTN tokens is fixed. We want to efficiently tokenize all assets inside the trading ecosystem, but also to make it simple and accessible to all market participants by developing additional tools for it.

To speed up the evolution of the network we want to distribute OTN tokens to crypto traders and professional participants who will become active users of the network we are creating.


What OTN has to offer



Our advantages, ​ideas ​​and ​​innovations.
How ​OTN ​differs from ​​other ​​DEXs.

OTN is being designed and built as an integrated part of IQ Option's functioning trading platform. Our approach is based on the analysis of the needs of 23 million IQ Option users.

We see it fit to innovate:







OTN Token Giveaway Structure

STARTS: October 9th, 2017



Why there is no ICO



                                                                                                    
How to get OTN tokens?

You can get OTN tokens as a reward for trading cryptocurrencies on the IQ Option platform or purchase it on crypto exchanges. Each trader gets an amount of tokens matching the commission paid on crypto instruments.


How to use and benefit from your OTN tokens

You can use your OTN token on IQ Option platform when trading to pay for your trades’ commissions or add your tokens to your OTN Wallet and sell them on the exchange. Another option is to convert your OTN tokens in OTN coins and put them on the Open Trading Network (OTN system) to pay for transactions on the network and enjoy a scheme of commission revenue from the network transactions.

 
Roadmap




Team

The OTN Foundation has been cooperating from the outset with commercial organizations such as IQ Option, which provides financial, technological, and human resources for the development of the network. IQ Option employs more than 550 employees, and more than 220 of them are top engineers who will make up the pool of OTN network developers.


Exchanges

Livecoin.net
Cryptopia
Yobit
HitBTC

Bounty and reward program

Going to be announced soon

[Nggedebus]

OTN Token Giveaway Structure

Starts: October 9th, 2017
Total number of distributed tokens: 100 mil. OTN tokens
42 000 000 OTN tokens over the following 24 months – 21 mil. to IQ Option traders; 5 mil. to OTN wallet users; 16 mil. to OTN token holders
28 mil. OTN tokens to shareholders and IQ Option team (amount $20 mil.)
30 mil. OTN tokens to OTN foundation for future distributions and strategic partners

By the way, I've still got a little confused about this scheme, how is exactly we get the giveaway token? will this like that airdrop system?

[AngusCanine]

I'm interested

[OpenTN]

OTN Token Giveaway Structure

Starts: October 9th, 2017
Total number of distributed tokens: 100 mil. OTN tokens
42 000 000 OTN tokens over the following 24 months – 21 mil. to IQ Option traders; 5 mil. to OTN wallet users; 16 mil. to OTN token holders
28 mil. OTN tokens to shareholders and IQ Option team (amount $20 mil.)
30 mil. OTN tokens to OTN foundation for future distributions and strategic partners

By the way, I've still got a little confused about this scheme, how is exactly we get the giveaway token? will this like that airdrop system?

Hello and thank you for showing interest in our OTN token.

The process will follow an airdrop scheme to some extent.
We will give tokens for free to the following users as an appreciation of their trust:

• OTN Wallet users
• OTN token holders

Traders will also get tokens as long as they are using IQ Option platform to trade cypto instruments.
The amount given to every trader is subject to terms and conditions.

We hope we have answered your question. Let us know if you have any further questions.

[Athreos]

So on October 9th, tokens will only be available through trading on IQoptions, correct? Later on, wallet holders will be able to receive tokens as well, but it looks like that won't be until 2018.

[OpenTN]

So on October 9th, tokens will only be available through trading on IQoptions, correct? Later on, wallet holders will be able to receive tokens as well, but it looks like that won't be until 2018.

Among the first ones to receive OTN tokens are active IQ Option traders.
In addition, there will be two types of airdrop scheme – to OTN wallet users and OTN token holders.
How can you get OTN tokens?
It can be done on exchanges (coming soon) and by buying and withdrawing any cryptocurrency on IQ Option platform (coming next week) if the final price of the transaction suits you.

[Elefes]

Sounds like a long-term hold, will keep an eye.

[OpenTN]

We would like to inform you that we have officially started distributing OTN tokens today, Monday October 9th!

During the first week, we will offer 350,000 OTN tokens to traders using IQ Option platform and focusing on trading crypto instruments. Soon OTN tokens will be available for purchase on crypto exchanges.

Every week we release a pre-determined number of tokens. This scheme will span over 104 weeks starting Monday October 9th. For more information on token distribution read our Whitepaper.

[OpenTN]

I'm interested

Check out our new OTN video!

It gives you a preview on the functionality of the OTN Token.

Stay tuned for more information!

[dlouulmusthofa]

no plan for holding airdrop or bounty programs on the next time sir?? i hope it can be held.

[rido]

If I follow the tranding I never win again until now ,, and just follow the usual path to earn money, otherwise the wallet will be empty anyway.

[OpenTN]

no plan for holding airdrop or bounty programs on the next time sir?? i hope it can be held.

Hello. We are looking at bounty programs, so stay tuned. As for the airdrop, we have a scheme as follows -

21 mil. OTN tokens will be given to IQ Option traders as a reward for trading crypto insturments
5 mil. OTN tokens will be offered to OTN wallet users
16 mil. OTN tokes will be distributed to OTN token holders

On the website you can find a summary of this scheme. Also, the Whitepaper explains everything in detail.

[Wasimalik]

Hi Dev, reserving urdu translations.

[ggnorevthx]

Why does chrome accuses the website of being insecure. It says the security certificate belongs to another site. Info on that?

[ICOadvert]

Dear Team, submit your project at ICOadvert listing!

ICOadvert is the trusted ICO promotion & discovery platform of businesses launching an ICO

Make sure you will hit your Hard Cap  Advertise with us! Contact Us

[Sp1derWeb]

Hello! Correct me if I'm wrong but it says from what I understand that OTN token/coins can be (if ever) used to pay for transactions (only?) either on IQ option or at the OTN platform. Does that mean that it can only be used for transaction fees and not for directly buying certain coins like for example, I want to buy or exchange the token for let's say ethereum, will it be possible? Can I use it on that same platform (OTN network) to buy other coins?

[Cryptoby]

Interesting project ...

I wish you good luck with it ...  👍

[luksbit]

If not ICO, how will the distribution and saleof tokens be? Do have to register for a pre-list?I did not understand this reward reported in: How to get OTN tokens?

[OpenTN]

Hi all!

We know OTN sounds a bit complicated.  We would like to clarify few aspects. 

There is no ICO because we don’t want to be stuck with regulation, be associated with securities and be limited with countries where we can operate.  We aim at being global. 

Secondly, we prefer not to spend any budget on advertising an ICO in order to raise money from participants. We believe it is a waste of energy, efforts and time. OTN already has funding and we would like to invest it on developing the product or on advertising its functionality ( i.e. buying Bitcoin via OTN). Therefore, OTN’s success depends on successfully distributing the tokens worldwide and traders using the tokens for most transactions. This is why all IQ customers will get tokens (as a reward) and soon they will be able to sell or buy it on crypto exchanges.
 
At the moment OTN Token can be used as a commission payment on IQ Option platform, yet we are looking at expanding its usability.

In the future it will be possible to buy Apple stocks with your OTN Tokens that a user stored on the OTN Wallet.  It’s ambitious, but we are going to make it possible!

Check out our latest video

https://vimeo.com/232524373

[Phash2k]

so we can trade cryptos into OTN on your platform, and then we can trade them back to other cryptos to go for other exchanges?

Where else can I use OTN?