Open Platform (OPEN) – ICO REVIEW – The ULTIMATE solution to MAINSTREAM cryptocurrency ADOPTION!

by birtanpublished on October 2, 2020

We got another exciting project to go look at today it's called open platform this project right now is catching some heat this is this is getting high right now so you might want to look out for this if you knew that a channel hit that subscribe button push that like button and let's get it open platform is the first blockchain payments infrastructure for applications this is one of the most exciting projects out there and moving crypto adoption for open platform is the first payment structure centered around

Application developers the one you have decentralization is pretty difficult to recreate all this info lattice centralized infrastructure like uber Airbnb Twitter Facebook etc the best way to make the mainstream integrate into the blockchain is to make it incredibly easy for the software application developers who already have centralized applications to integrate with the blockchain that's what open platform does they are blockchain agnostic platform they act as a layer of abstraction between the developer and all the blockchain processes to form

Actual back-end changes the idea is to make it incredibly easy for as possible to integrate the blockchain into the mainstream the end result was this when you go to websites like Amazon Facebook Twitter whatever and there's a payment option at the end saying Visa MasterCard or PayPal you'll see a thing at the interesting open platform but that's not the whole thing you you don't even have to see open platform you get to see crypto and you can use this and to pay with any crypto out there that's on the market anything which has smart contracts in these existing companies

Don't have to promote this company they're just using this software that they provide which is free and you centralized if you have the tokens at least right so there's some cool catchphrases for this that people are saying they are the stripe or PayPal of decentralized payment apps they are just like ripple they have these payment rails for on chain applications payments through the software itself the biggest difference is that they're actually decentralized so we're gonna go through the token metrics quickly ticker is open is an ERCP 20 token it's 8 cents

Fundraising goal hard cap is 30 mil total tokens 1 billing they're selling half of it technically 20% of these tokens are gonna be going to the developers to to motivate them to build on it to use this to build ring and their whitelist is now open you can sign up a little waitlist free sales going on right now but you can still sign up for a white listen and get on this if you want they also have a bounty program where you can do a bunch of stuff and get free coins I can post the link below if you want so we're gonna look at the website right now so social

Media they got their Twitter which is 22,000 their medium 3900 you got 40,000 telegram so their social media is kind of inflated right now because you guys are they were their bounty program that they're doing um I mean if you sign up for all these um you can sign up for these social media platforms and you press and you like and subscribe they're gonna give you free coins so that's why you see some of the numbers are so high and this is a working product the test net is up I'll show you an example of it right at the end of the video if you're concerned about when everything's gonna

Be running it's already a working product that's gonna be running very very quickly you know so looking in initially it's kind of it would be hard for the regular person to get this I'll try to explain a way where everybody can understand I'll do my best any questions just write them down below so thing but is this so you got wallets on chain that accept cryptocurrencies but they do not communicate off chain by themselves essentially it's a two-way communication layer that would allow them to speak to the application backends and the application

Backends to record data so in essence the cryptocurrency walls could be tied directly to the databases the application developers can build sophisticated applications using – blockchain technology utilizing the things that they are very comfortable with like databases their application servers SDKs api's whereas right now the kind of standard is asking the application developers to learn hard programs like solidity right and you know how it is just learning a new program language is very tough for a lot of people right it's like learning into

Whole new language a lot of people aren't gonna want to do that so being able to bring their their knowledge they know right now all the things that comfortable which is really beneficial to them so how the developers we use open platform to build is that they have a scaffold generator that allows you to deploy an entire payment scheme where there is enterprise consumer gaming virtual currency pay-for-play subscription base you basically deploy the entire technology using an open scaffold generator that allows you to skip learning solidity and

Allows you to skip learning blockchain you could very simply be a novice developer and get this done you could deploy payment scheme on chain and accept terrific currencies in various ways that your application needs to for example you have a Netflix or a candy crush and they have very specific payment formats and what this does essentially makes it easier for the mainstream developer like them to essentially deploy on the blockchain and accept purple currencies in ways that can be tied directly to the databases because they have very sophisticated

Applications with user tables digital asset tables analytics tables etc and you have you have to appeal to all the needs of all these people who want to be pulling rebuilding on blockchain technically you can bring millions of apps onto the blockchain by using this whole format right this whole software another advantage is there's coinbase is making a similar product where when people are gonna pay out of websites they can have the options to pay with corn base but the disadvantage of coinbase has is that they only have four crypto currencies on their platform and

They're pretty much controlled in what you use it's not decentralized as centralized right so but this situation is you can use any any cryptocurrency to pay for it pay for whatever you want to pay for so this is this is way better than what coinbase is doing and which is why I think this is a way better alternative to coinbase a cake on base so if we're gonna scroll down through the website here this is some of the stuff that I already talked about there's the other long a nice white paper – we're gonna look at in a second there's a very nice website great design

You're gonna go down here look at their team for a second before we look at their team let's look at another use cake just quickly on here I think it's down through so say anybody say John Doe wanted to start a website and just want to start making movies and he didn't want to you didn't want people to pay through PayPal or anything like that or master or MasterCard or Visa he can make it so that he can sell his movies and have this and have just crypto as a payment method right on his website right there very very easy to set up for him or his developers whoever wants to

Set it up for him he can make it so that he can just accept crypto alone by himself this will bypass all the centralized decentralized methods like you know every time use those the payment methods on Visa and MasterCard or they're all charging people some interest rate this is a very cool way of just bypassing all of these people and starting your own thing and be able to grow organically that way if you want to another cool part in a white paper is down here in this section here they have third-party dependencies so they talk about

Different um crypto currencies and different businesses that work there their businesses are depending on to work with and it goes through it exactly what they're working what their dependencies are with them so you see me say go you see Michael Raiden you see tender mint alright so you guys can read through this if you want it's really cool how they have how they explain why they're using some of their software to integrate into their platform go back to the website and we'll look at the team so their team is mostly um they all I think this program started of initially

In Toronto Canada banned it's in the Silicon Valley area right so some of them to members of working Samsung Facebook Pro Labs you yahoo blockchain at berkeley is this Grindr an enigma blockchain research institute again okay so we got this gentleman here he was a speaker at yahoo inc and Florrie he created some apps on itunes this gentleman here worked with Viacom by commas one of the largest movie developers and the tire planet they pretty much do almost every movie they're gigantic he also was an engineer for Facebook of

Blackberry this gentleman here were for enigma alright he's also some blockchain experience there's like I mentioned he's a lot of these guys they have some blockchain experience and they have a lot of developer experiences right so I like that it's a really strong team it's not it's not um it's not one of those teams were it's not a bunch of entrepreneurs it's bunch of developers slash entrepreneurs right which is what you I think you need anyways guys you can come through this team check it out yourself we're gonna look at that roadmap the white paper was published in

2017 they got the majority of their stuff that they're doing by the summertime and they also tell you in detail what they're doing at those certain time frames right they got and they got it going on to the Year 2019 Midway again you can come through check this out yourself so they don't have a github right now I was gonna look terrific dead so if you're wondering when is this product gonna be released because a lot of these projects takes forever to come out great news this is things already out and a company is already using it as you can see on the

Website Zen savio thanks to open platform we now accept payments in crypto okay so as you can see he's already working with this company right you're there you gotta integrate in their website and the reason why they want to tokenize this and everything is that they incentivize the developers to start building on his platform and I'm pretty sure that 3% of the payments transactions will all will reuse the fund that developer pool to get developers to keep building on this platform this is gonna be very easy for

The average person or anybody to just integrate these cryptocurrency payments into whatever business that they have this thing could blow up because you don't need permission from anybody to do this and it's decentralized no one's know it's no one's gonna shut it down you know no one can shut it down or anything so your business is just keep running regardless of whatever is going on with the government or whatever right so which is pretty cool come check out the white paper it's about 30 pages there's really some nice illustrations for diagrams about what they're trying

To explain in the white paper I see just reading to rearrange it interested and if you new to this channel hit that subscribe button push that like button because it helps this channel out and we got more views to come this week don't worry about the market right now eventually it will go back up it always does

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