OPEN (OPEN)

OPEN (OPEN) widget

ICO date: 22.02.2018 - 15.03.2018
Product Type: Platform
Industry: Blockchain Infrastructure
Description:

Open provides utilizing systems of smart contracts as transaction and verification tools for software applications.

Features:

The Open platform and API together provide a turn key solution for developers looking to leverage the power of blockchain technology into their current technology stack.

Open included Scaffolds as template smart contracts that can be created to the specifications required by a developer, instantiated through an API call.

An OprenWallet is the storage unit for the user’s cryptocurrencies (e.g. ETH, BTC, etc.) as well as the Open_States the user has purchased through the Open API.

OPEN is an ERC20 token that will be distributed in the Open ICO and allows for developers to create Scaffolds in the Open ecosystem.

Open uses the OmiseGo wallet SDK to connect to the OmiseGo decentralized cryptocurrency exchange (DEX).

The Open platform is built with interoperability and modularity so that current components can easily be swapped as better iterations of the technology surface in the future.

Open intends to use pre-existing libraries like web3 and ETHJS to interact with the Scaffold Creator, the Scaffold, and the Open _State Tokens.

Technical details:

The technical architecture of Open Money's implementation is split into two main elements: the Open Platform REST API itself as well as an SDK with support for JS, iOS, Android and React-Native. The Open Money SDK enables functionality of the platform on behalf of the software developer. SDK functionality includes tasks required to access platform features such as handling all communication and payment processes between the developer’s backend and the Open Money backend, managing developer accounts, and security related processes.

Website: www.openfuture.io
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
Medium 2.2 / 5.0
Risk score
Medium

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See also