OpenLedger – Decentralized Cryptocurrency Trading Exchange?
OpenLedger is a cryptocurrency trading platform and trading tool that also offers a number of other blockchain-based services. Find out everything you need to know about OpenLedger today.
What is OpenLedger?
OpenLedger, found online at OpenLedger.info, is primarily a cryptocurrency trading platform. However, the platform also includes an advertising technology called HubDSP, tokens called OBITS, and a crowdfunding system called ICOO. Together, these services are known as the ecosystems of OpenLedger DC.
At its core, however, OpenLedger is a trading platform that lets traders of all levels access cryptocurrency markets. That trading platform is called OpenLedger DEX.
At the time of writing, OpenLedger’s cryptocurrency exchange was sitting in the top 50 to 60 bitcoin exchanges in terms of 24 hour trading volume.
The OpenLedger Ecosystems
OpenLedger is more than just an exchange. It’s a collection of ecosystems. OpenLedger visualizes their ecosystems as like a collection of solar systems in a galaxy (seriously, that’s the visual they use on their official website). OpenLedger DEX – the cryptocurrency exchange – lies at the center of the galaxy. The other OpenLedger ecosystems – like OBITS and ICOO revolve around the platform.
The entire ecosystem is based on the BitShares platform and is powered by Graphene.
Overall, OpenLedger describes its collection of ecosystems as “OpenLedger DC”. The DC stands for Decentralized Conglomerate. It’s “the ecosystem of ecosystems”.
The conglomerate includes reward-based tokens, equity-based investments, and individual ecosystems. Here’s a brief overview of all components in the OpenLedger DC:
The Core (OpenLedger DEX)
OpenLedger DEX is a cryptocurrency trading platform. The platform caters to traders of all sizes and experience levels. You can begin trading today at OpenLedger.io. The DEX, by the way, stands for “decentralized exchange”.
You can start trading on the exchange using a wallet or an account. If you use a wallet, you’re restricted to using OpenLedger on your current browser and computer. The account model, on the other hand, requires just a login and password pair.
OpenLedger has an advertising platform called HubDSP. The DSP stands for demand-side platform. It allows buyers of digital advertising inventory to manage multiple ad exchange and data exchange accounts through one unified interface.
The Tokens (OBITS)
OBITS are the official tokens of the OpenLedger DC. The tokens allow multiple organizations “to join forces and directly invest in each other’s successes”, explains the official website. OBITS are linked to the success of BloggersClub.net, the OpenLedger DEX cryptocurrency exchange, and digital tokens like ICOO, BTSR, BLOCKPAY, APPX, CNTZ, REALITY, and OPEN.
The Crowdfunding (ICOO)
OpenLedger’s crowdfuding platform is called ICOO. It’s equity-based investing that allows immediate trading of every interesting and promising new coin – even if that coin is in the pre-launch phase.
The Token (BTSR)
This is a digital reward-based token distributed to users who are willing to help support and maintain BitTeaser, a decentralized advertising network.
The Voice (Blogger’s Club 500)
This is a large community of bloggers catered to the cryptocurrency industry. The goal of the community is to form “the global voice of cryptos” while “changing the world of finance one sentence at a time.”
The Promotion (BitTeaser)
BitTeaser is an advertising network based on delivering “teaser” ads. It’s the first such initiative built using blockchain technology.
GetGame, found online at GetGame.io, is a Game Development platform that offers game growth as a sort of incubator while providing funds via ITO to support the initial stages of each project.
Future Parts of the OpenLedger Ecosystem
OpenLedger recently received a new seed funding round that will be used to develop additional parts of the OpenLedger ecosystem, including all of the following:
This is a blockchain-based freelancing program where clients can hire freelancers that suit their required skillset. Meanwhile, freelancers can use the platform to browser for available jobs. The platform is scheduled to launch its presale in August 2017, with the full platform launching in Q1 2018.
Apptrade is powered by the APPX digital token. It allows the creation of portfolios, or groups, of apps. If one of those apps becomes successful, then the value of the entire portfolio rises. It’s a way to spread risk and share success among groups of apps. So if one app becomes the next Instagram or Angry Birds, then the value of that portfolio shoots up.
OCASH is a new BitShares token that is already held by early backers, but will be available to everyone through a future ITO. It brings a full-fledged payment system to the OpenLedger and BitShares networks.
OpenLedger is a Denmark-based blockchain technology company.
On June 15, the company announced that it had received $1.6 million in seed funding from a group of unnamed investors in China, the United States, and Europe.
The funding will be used to start the immediate production of the four major projects being managed by OpenLedger, including eDEV.one, GetGame, Apptrade, and OCASH.
OpenLedger was founded in 2015. The company built its technology on the Bitshares platform. OpenLedger was founded with the goal of solving problems like speed, stability, security, and transparency in the cryptocurrency ecosystem.
OpenLedger is a series of ecosystems revolving around the OpenLedger DEX cryptocurrency exchange. The unique concept is built on the Bitshares platform, and was designed with the goal of reducing costs and increasing speeds across the financial services world. To learn more about OpenLedger, visit the company online today at OpenLedger.info.