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

[OpenTN]

Great vision for project with cross chain trading ecosystem, which will best platform for traders with forex and binary. IQOption is one the world's most used and regulated trading platform.

In upcoming future value of such cross chain ecosystem platform will be increase exponentially.

Waiting for more announcement, events, news and updates.

Thank you so much! It's quite inspiring to feel such support from the community.
And as for updates - stay tuned, an exciting one is coming very soon

[OpenTN]

Hello. The OTN project look very interesting for future of crypto space. Congratulations! I want to understand better about the OTN tokens distribution for trading in IQOption platform. How the IQOption exchange platform will calculate the coins offered as rewards for clients that use the platform. Need minim volum of transactions? How I understand what nr of coins receive to move funds for use the IQOption, just for receive OTN as part of their distribution tokens?
Thanks.

Hey, eprocent! Thank you for your interest in OTN.

The number of OTNs you get depends on how actively you’ve been trading Cryptocurrencies on the IQ Option platform (=how much commission you’ve paid for the orders).
The formula IQ Option uses is very simple:

(B / A) * C = D

A - Total amount of commissions from Crypto-trading for the past week
B - The Crypto- commission you’ve paid that same week
C - The number of tokens set to be released that week
D - The number of OTNs you get.

So, let’s take the first week of emissions as an example.
IQ Option got a total of $1,000,000 in Crypto-commissions. A trader paid $2,000 in commission. 350,000 OTN tokens were issued, so (2000/1,000,000)*350,000=700
700 OTN tokens is how much a trader got in 1 week.

And the cool part is - Each deal, profitable or not, gets you tokens!
There’s NO minimal volume of transactions to get OTNs.

[eprocent]

Hello. The OTN project look very interesting for future of crypto space. Congratulations! I want to understand better about the OTN tokens distribution for trading in IQOption platform. How the IQOption exchange platform will calculate the coins offered as rewards for clients that use the platform. Need minim volum of transactions? How I understand what nr of coins receive to move funds for use the IQOption, just for receive OTN as part of their distribution tokens?
Thanks.

Hey, eprocent! Thank you for your interest in OTN.

The number of OTNs you get depends on how actively you’ve been trading Cryptocurrencies on the IQ Option platform (=how much commission you’ve paid for the orders).
The formula IQ Option uses is very simple:

(B / A) * C = D

A - Total amount of commissions from Crypto-trading for the past week
B - The Crypto- commission you’ve paid that same week
C - The number of tokens set to be released that week
D - The number of OTNs you get.

So, let’s take the first week of emissions as an example.
IQ Option got a total of $1,000,000 in Crypto-commissions. A trader paid $2,000 in commission. 350,000 OTN tokens were issued, so (2000/1,000,000)*350,000=700
700 OTN tokens is how much a trader got in 1 week.

And the cool part is - Each deal, profitable or not, gets you tokens!
There’s NO minimal volume of transactions to get OTNs.

Thanks @OpenTN for this detalied answer about the formula which IQ Option use to distribute the tokens in their exchange.

My another question is: distribution of OTN are distributed for all traders wich use the IQ Option or just betwen traders wich trade crypto-currencies?

[eprocent]

From yesterday I see the OTN listed in livecoin exchange. Price is very well and the volume of trading more than 1.000 Btc in last 24 hours. This is extraordinary for a token that just was listed.

[OpenTN]

Thanks @OpenTN for this detalied answer about the formula which IQ Option use to distribute the tokens in their exchange.

My another question is: distribution of OTN are distributed for all traders wich use the IQ Option or just betwen traders wich trade crypto-currencies?

OTN tokens are distributed between those trading Crypto-assets (that includes the "Cryptocurrencies" instrument and Crypto CFDs on the IQ Option platform).
The use of other trading instruments will not increase your OTN token balance.

[eprocent]

Thanks @OpenTN for this detalied answer about the formula which IQ Option use to distribute the tokens in their exchange.

My another question is: distribution of OTN are distributed for all traders wich use the IQ Option or just betwen traders wich trade crypto-currencies?

OTN tokens are distributed between those trading Crypto-assets (that includes the "Cryptocurrencies" instrument and Crypto CFDs on the IQ Option platform).
The use of other trading instruments will not increase your OTN token balance.

Sorry, about this part Im litle unclear. OTN will be distribute in IQ Option platform at all traders which trade cryptocurencies (CFDs included). But the traders which trade pairs like usd / euros, they will receive OTN as part of distribution according on their trading volume? Thanks

[OpenTN]

Thanks @OpenTN for this detalied answer about the formula which IQ Option use to distribute the tokens in their exchange.

My another question is: distribution of OTN are distributed for all traders wich use the IQ Option or just betwen traders wich trade crypto-currencies?

OTN tokens are distributed between those trading Crypto-assets (that includes the "Cryptocurrencies" instrument and Crypto CFDs on the IQ Option platform).
The use of other trading instruments will not increase your OTN token balance.

Sorry, about this part Im litle unclear. OTN will be distribute in IQ Option platform at all traders which trade cryptocurencies (CFDs included). But the traders which trade pairs like usd / euros, they will receive OTN as part of distribution according on their trading volume? Thanks

Trading instruments/assets other than cryptocurrencies do NOT have any effect on OTN distribution. So, your trading volume on currency pairs will not get you any tokens, only Crypto trading will.

[eprocent]

Thanks @OpenTN for this detalied answer about the formula which IQ Option use to distribute the tokens in their exchange.

My another question is: distribution of OTN are distributed for all traders wich use the IQ Option or just betwen traders wich trade crypto-currencies?

OTN tokens are distributed between those trading Crypto-assets (that includes the "Cryptocurrencies" instrument and Crypto CFDs on the IQ Option platform).
The use of other trading instruments will not increase your OTN token balance.

Sorry, about this part Im litle unclear. OTN will be distribute in IQ Option platform at all traders which trade cryptocurencies (CFDs included). But the traders which trade pairs like usd / euros, they will receive OTN as part of distribution according on their trading volume? Thanks

Trading instruments/assets other than cryptocurrencies do NOT have any effect on OTN distribution. So, your trading volume on currency pairs will not get you any tokens, only Crypto trading will.

Now I understand better. Only traders which trade crypto-currencies in IQ Option exchange will be part in the OTN distribution on the IQ Option exchange platform. Thanks for the infos.

[klarki]

[OTN] is listed at Livecoin.net Exchange and available for trading.

OTN/BTC: https://www.livecoin.net/en/trade/index?currencyPair=OTN%2FBTC

OTN/ETH: https://www.livecoin.net/en/trade/index?currencyPair=OTN%2FETH

Good luck to you!)

[salcon]

how was it distributed by OTN? bounties, ICO, IPO?
what is the cost of the asset?

[buriks]

how was it distributed by OTN? bounties, ICO, IPO?
what is the cost of the asset?

Example​​ of​​ calculating ​​how​​ many​​ OTN​​ tokens ​​to ​​award ​​a​​ trader:

- The total amount of commissions charged to traders on the Crypto instruments in the IQ Option broker was $1,000,000 for the calculated week.
- The amount of commissions paid by the individual trader on the Crypto instruments for the same week amounted to $2000.
- According to the emission schedule, 350,000 OTN tokens are being released this week.
- The number of OTN tokens received by the trader = (2000/1,000,000)*350,000=700.

asset token = 41.650.000

[OpenTN]

Well, it’s official now: The first public listing for OTN tokens is with Livecoin.net !

[OTN] is listed at Livecoin.net Exchange and available for trading.

OTN/BTC: https://www.livecoin.net/en/trade/index?currencyPair=OTN%2FBTC

OTN/ETH: https://www.livecoin.net/en/trade/index?currencyPair=OTN%2FETH

We hope you're just as excited about this partnership as we are  

You can now Buy & Sell OTN tokens in addition to "mining" them on the IQ Option platform.

[OpenTN]

Week 2 of OTN Emissions: The Stats

345, 777 -  that’s how many OTN tokens were issued this Monday.

All of those were distributed between 23904 traders, who paid a total of $282960.96 in commission, trading Cryptocurrencies on the IQ Option platform.

If you’re one of the “miners” and you’d like to transfer the OTNs to your wallet, here’s handy Step-by-Step guide for you:
https://blog.iqoption.com/en/how-to-withdraw-otn-tokens-to-your-wallet/


Thank you for your support and good luck on Week 3!

[slmn]

How much raised ico and what is the ico price?

[zuzuca]

How much raised ico and what is the ico price?

they didn't do any ico. they seem to have a different model of business.you have to trande in their platform if i undersood their project...why the fuck would you do that in order to get a shitcoin?

[Bytem3]

Open Trading Network is now listed on CoinCodex. View prices in real-time and add it to watchlist!

Mobile View:



Desktop view:

[OpenTN]

How much raised ico and what is the ico price?

Hey, slmn! Thank you for your question. We actually decided against an ICO for two reasons: 1) we don't need crowdfunding, because we have a partner to support the project; 2) we believe ICOs are getting a bad reputation lately and we want no part of that.

You can still get OTN tokens even without an ICO. You can either "mine" some by trading Cryptocurrencies on the IQ Option platform or Buy them on equal terms from Livecoin.net here:
OTN/BTC: https://www.livecoin.net/en/trade/index?currencyPair=OTN%2FBTC
OTN/ETH: https://www.livecoin.net/en/trade/index?currencyPair=OTN%2FETH

[OpenTN]

I think, OTN have many things must to do. Your Road maps have no exactly time when you finnish. And i can not see the problem solving algorithm you come up with.
Thankyou. Hope Dev team succesfull

You're right, aehinott, we have a lot to accomplish. But we're 100% sure we can do it. After all, we have a 550+ staff of top-notch professionals.
 
May be you can't see a time when we "finish" on our Roadmap because it's not a simple journey from A to B. We'll be releasing a bunch of products along the way, all of which will be immediately ready to be used. So, it's more like a road from A to B, C, D, E, F and G, where each stop is useful and important.

Thank you for taking interest in the OTN and we can't wait to surprise you!  

[digiguy]

at this price is way to expensive with out a working product

[OpenTN]

at this price is way to expensive with out a working product

On the contrary: now is the best time and price to stock up on the tokens. Their growing value clearly shows there’s high demand for the Open Trading Network.

And besides, the OTN.Wallet is launching pretty soon and the OTN tokens will be a huge part of it.