- September 10, 2019
- Posted by: BlockX
- Category: Blockchain
With a trading volume of billions of dollars weekly and an exponentially-growing number of digital currencies, it is clear that the cryptocurrency market is actively developing and set for the stars. (OTN) is confident about the imminent mass-adoption of digital currency, and therefore wants to build its future infrastructure.
Disclosure: This is a Sponsored Article
OTN is hard at work developing a system that would combine the multitude of isolated blockchain networks corresponding to digital currencies, into a unified open network. That would make OTN the world’s first 100% collateralized decentralized exchange allowing for instant transactions to take place between separate blockchain networks. The OTN network is designed to benefit individuals, businesses, regulators and traders, all the while making sure that speed and liquidity are constantly attained.
Launching the OTN.Wallet
The OTN.Wallet is the first product of the network to be launched soon. It’s going to be a universal tool for storage and exchange all kinds of digital assets and cryptocurrencies. Due to its decentralized nature, OTN.Wallet users won’t have to trust other network users to perform their part of the exchange in earnesty, since all transactions are going to be third-party insured according to the network’s design. Some of the main benefits of the OTN wallet include storage of multiple assets, ability create a balanced portfolio, quick and secure transactions, P2P transfers, direct exchange, profitability reports, analytical tools, asset tokenization and detokenization and more.
Coming back to the subject of security, every transaction performed over the OTN is going to be collateralized by a pool of OTN tokens. This pool will be maintained and re-allocated in real time. OTN.Wallet users will always have a certain amount of cryptocurrencies or tokenized assets at their disposal. By adopting this plan, security can be better ensured, with all cryptocurrencies securely stored in users’ wallets, so no exchange will ever block user’s funds.
In contrast to the majority of ICO projects, Open Trading Network is being developed by a non-profit organization and is not looking to raise money from the public. Instead, OTN is fully funded by a reliable partner – IQ Option, the world’s leading broker.
How to get OTN tokens?
Starting from October 16, 2017, every Monday and over the following 104 weeks a total of 100 million OTN tokens will be issued.
You can receive the OTN tokens by trading cryptocurrencies on the IQ Option platform or by purchasing OTN on the crypto exchanges. The full list of exchanges can be found on CoinMarketCap (Livecoin.net and Cryptopia to date). OTN project also plans to reward the existing OTN holders with more tokens during the airdrop.
For more information, the whitepaper is available