Topic: . - page 45. (Read 46527 times)

We keep getting asked this question every day. What exactly does it mean to have 1000 entries in our bounty contest? Does this translate to 1000 tokens? Here's the explanation:

The number of entries/stakes earned in the bounty contest does not correspond with the number of tokens that each participant will earn. Instead, at the end of the bounty contest (when the public ICO has concluded) the dedicated pool of tokens will be divided proportionally between all participants based on the number of entries/stakes earned.

This is why we keep encouraging you to keep sharing your referral link as well as completing all the different tasks that we have available. The more entries you have at the end of the contest, the more tokens you'll receive!

Hello SidneyShow, thanks for bringing this up. For the Slack/Telegram/Twitter campaign, you do not need to sent us weekly reports of your activity. We track your activity on our end. In the contest, we use software to track your Twitter and Facebook actions.

Every day I make retweets on Twitter and reposts on Facebook.
Is this taken into account somewhere?

How is the remuneration for TELEGRAM / SLACK / TWITTER CAMPAIGN tracked?

Do I have to write some reports on this?

How does this work?

Explain, please, who understood.

You might be wondering how developers’ databases and the decentralized blockchain fit together using the OPEN Platform?

Well, the current payment structure for in-app purchases relies on accepting payment through various centralized systems that finally result in the application’s protected database being updated. What if there was a way to bypass all of those centralized entities, immediately accept and process payment in a multitude of currencies including crypto, and update the application database accordingly? This is what OPEN Platform accomplishes by bringing a decentralized solution to the developer. By connecting the developer’s centralized database to the blockchain, they can avoid the centralized payment structure that causes delay and fees, but also without completely altering their existing backend. OPEN’s solution is easily implemented and modular, taking the best parts of a decentralized approach and leaving the strength of existing centralized databases for developers. This is accomplished by the OPEN platform stacked solution: API, Scaffolds, OPENWallet and more. Read about it in our whitepaper! http://go.openmoney.digital/obmtwp

ICO price will start at $0.10 and then market will decide after that.

When ico the end?

Hey everyone, someone asked us about Tendermint and how it interacts with the OPEN Platform, so I thought I'd explain.

Put simply, Tendermint allows for much faster transaction times on the blockchain. As opposed to the Ethereum network which may take a few seonds, Tendermint can acheive thousands of transactions per second. This will greatly improve throughput of the system as well as lower transaction fees. WIth its ability to replicate state machines on its blockchain, OPEN’s smart contracts can be utilized making an easy transition when ready. We love Blockchain solutions that work together for easy future improvements, and you can read more about it in our whitepaper! http://go.openmoney.digital/obmtwp

Oke thanks
What price per token for open money?

Hello dikan!

We currently don't have a start/finish date for our ICO. It should begin very soon though! We encourage you to stay tuned to our Slack and Telegram channels to not miss any updates. Our ICO will be scheduled for 1 month or until all the tokens are gone - whichever comes first.

Some of you have been asking for an example of how the OPEN Platform would work. In this example, we will go over a very brief explanation of how it is planned.  A dating app’s developer offers users an option to upgrade to a premium membership. They will implement the OPEN Platform to have faster access to funds, including cryptocurrency.

1. The developer creates a Scaffold for his dating app. The Scaffold is customized for his premium subscription model using OPEN Platform’s API.
2. The Scaffold is activated using OPEN Token.
3. Joe is having no luck dating lately and wishes to become a premium subscriber and using his OPEN Wallet, sends crypto of his choice to the Scaffold (enabled through the OPEN API)
4. The Scaffold receives the funds, checks all the properties of the transaction and when all parameters are satisfied, automatically sends the cryptocurrency to the developer as well as provides Joe with an OPEN_State as having paid for a premium membership.
5. The applicaiton’s database verifies that Joe has paid for the premium membership and Joe is granted the premium membership.
6. Joe finds and marries the love of his life! (They later have 6 kids and get a divorce, but that's a different story)

This was a very simplified version of a use case. Read in much more detail in our whitepaper and find out what other great things can come from the use of the OPEN Platform! http://go.openmoney.digital/obmtwp

When ico the end?