What Is OpenAssets?
OpenAssets basically would take up what can be referred to as the teething problems of the start-ups, combining blockchain technology with big data and artificial intelligence. This means the new business with low means would then easily gain access to detailed publicity and thus access large investors and funds which it would not have been able to do, if it were to remain self-sufficient. Therefore, more or less, the company serves as advisers and at a same time, implementers for the young business. In fact, it's like the scenario of one company executing certain core aspects of a project on behalf of another company.
OpenAssets Open Investment Blockchain Trading Project
Another interesting feature of the OpenAssets project is the creation of a decentralized exchange (DEX-exchange) for every ICO that may have some difficulties listing their tokens on a basic exchange. The gesture would reduce limitations encountered by traders, as well as potential trade losses. The decentralized exchanges would allow reduced standard cryptocurrency pairings, a web as well as a mobile platform, and possibly features that allows you to sell or add tokens for an ICO project. Some of the advantages of the DEX-exchange are effective sales and exchange of assets between users, rapidly fast time for transactions to process, non-interference from government agencies etc.
All of these services would be accessible only to individuals who have the OpenAsset token (OPA) in possession. Total OPA tokens provided for purchase are four million (as listed in the company whitepaper). The OpenAsset tokens have been developed in the valued Ethereum blockchain and consequently also, the cryptocurrency (Ethereum) stands as the major recognized means of payment for the tokens.
The OpenAssets OPA Token
The OpenAsset token (OPA) as a cryptocurrency tool of its own, seeks to revitalize the approach and methods adopted in cryptocurrency and blockchain investments. It aims to bridge the gap between the cardinal point of any e-currency, and it has mapped out a method for achieving this, by considering each of the stages any cryptocurrency passes through, along with the players for each phase. The company classifies the cardinal points into four (4) groups thus: ICO, project, traders, investors and experts. The intention is to create a platform that helps new blockchains develop with relative less troubles. By this, individual blockchain networks are able to interact with a public audience and with prospective investors and traders alike.
OpenAssets OPA ICO Details
Although a first phase token pre-sale was announced late 2017, the ICO for OpenAsset is slated to commence August 27, 2018 and should last for about a month. During the ICO, thirty-six million OPA tokens have been reserved for sale and at a rate of $1 (value in Ethereum) for 1O OpenAsset tokens. Also, investors would only be able to make transactions from $5 (value in Ethereum) and over.
But before the ICO too, the company is scheduled to sell out five million OPA at the same rate in a pre-ICO sale that would hold around February ending and the first of April 2018.
The company has also stated that there would be a bounty-program which is going to be more of a reward for those who have participated in both the pre-sales and the pre-ICO.