ICO Analysis Open Platform (OPEN)By Kent Hamilton
OPEN Platform is a developer platform built on the blockchain that provides a payment infrastructure for traditional developers to take advantage of decentralized technologies for their payment solutions.
Token180,000,000 OPEN tokens will be sold in the ICO with a total token supply of 1 billion. During the ICO, one OPEN will equal $0.10 USD with a hard cap of $30 million.
TeamKen Sangha, CEO: Many years’ experience in leadership roles in business with the most recent being as founder and CEO of DoublePlay Entertainment Inc.
Andrew Leung, CTO: Over ten years’ experience in software engineering with the most recent being with TribalScale as the Director of Engineering.
Dennis Lewis, Director of Marketing: Over 30 years’ combined experience in marketing with the most recent being icosuccess.com and Suchapp.
Chase Smith, Lead Architect: Over three years’ experience in research and development with the most recent being a Technical Due Diligence Officer at Veritas Due Diligence.
VerdictOpen Platform is taking on a huge task by building the first platform to integrate traditional apps with cryptocurrency payments on the blockchain. After looking at the team (experienced successful entrepreneurs), whitepaper and roadmap, it looks like Open Platform will be one of the top performing infrastructure projects over the next 12 months. Infrastructure and Platform ICOs tend to do very well in the long-term as long as they hit their milestones. When researching previous successful infrastructure ICOs I have noticed that these are type projects that can bring in 10x – 100x ROI because of the impact they have on the current application market.
Risks Being the first to market as a payment processor may have many challenges but this is a minor risk as the company is being led by successful entrepreneurs who have started and sold successful companies in the past. -1.5
Not having a public sale always gives seed investors an advantage as discounted token prices are negotiated before a token hits the first exchange. -1.0
Although Open Platform is making it easy to integrate with the blockchain for payment processing there are other sleeping giants that may enter the market such as Facebook, Google, Stripe, and Paypal. -0.25
Growth Potential A rock-solid leadership team having started and sold successful companies gives the team a unique advantage. The leadership team has built companies from the ground up and sold them successfully already. +3.0
Open Platform has already announced backing from Draper Dragon Network, which has been involved in companies such as Skype, Baidu, and Tesla. This backing and support from such a well-known network in Silicon Valley will help Open get exposure to big money players in the startup investment world as well as attract business connections and contacts they may not have been able to establish on their own. +3..5
OpenPlatform is one of the first to build an easy to use payment processing infrastructure to traditional business that wants to accept cryptocurrency. One of the main hindrances of crypto funds entering the free market is access. OpenPlatform is connecting the two worlds together. +2.5
For a company building such a robust payment processing infrastructure, the hard cap is low with room to easily go 5x initial investment even after landing on its first exchange as long as the product delivers. +1.5
DispositionBeing one of the first infrastructure platforms allowing existing developers and applications to integrate with cryptocurrency payment processing in an easy, plug and play way positions Open to be one of the top ICOs of 2018. Open Platform receives of 7.75 out of 10.
original:
https://hacked.com/ico-analysis-openplatform-open/