Otho Network, found online at Otho.network, is a decentralized multi-currency platform containing the Otho Exchange and other services. Here’s our review.
What is Otho Network?
Otho Network is a decentralized ecosystem that aims to collect all your transactions into one single network. Key features of the ecosystem include the Otho Exchange, the Otho Handywallet, and Otho Smartpay.
OTH tokens are being airdropped to users throughout January and February 2018. Registrations for that airdrop are now closed. The app is scheduled to launch later in 2018. Right now, the Otho.network official website does not yet have a whitepaper. However, the whitepaper is expected to appear online in Q1 2018.
How Does Otho Network Work?
Users interact with the Otho Network by downloading an app. That app functions as a wallet and an exchange: you can view your current currency holdings, or use the Otho Exchange to buy and sell cryptocurrencies.
There are three core functions of the Otho Network ecosystem, including:
The Otho Exchange allows you to exchange cryptocurrencies with other cryptocurrencies or with fiat currencies. Otho claims exchanges will be completed in a fast, P2P manner, although it’s not yet clear if this is a centralized or decentralized exchange.
The Otho Handywallet is a multi-currency wallet. Users can hold multiple currencies within one single, easy-to-access interface. The wallet is currently in the testing phase. However, it will soon be available via the web, smartphones, Windows, and OS X platforms.
SmartPay is a full-featured payment system that allows merchants to sell goods and services via cryptocurrencies.
The ecosystem involves the use of OTH tokens. There’s a total supply of 9 million OTH tokens. The tokens are being airdropped to users in February 2018. An initial airdrop occurred on January 13, 2018.
Otho, like many cryptocurrency wallet companies, puts a huge emphasis on security. The company claims to have teams of security experts dedicated to “doing researches to ensure otho network is most secure cryptocurrency exchange which will be available,” explains the official website.
Otho will also have on-demand coin listings. The community will be able to petition Otho to add different ERC20 tokens, for example.
When you want to trade cryptocurrencies through Otho, you’ll complete a real-time P2P transaction. All users will need to complete Anti-Money Laundering (AML) verification in order to trade more than $2000.
The Otho Network OTH Airdrop
Otho tokens (OTH) are being distributed through two announced airdrops. The first airdrop took place on January 13, 2018. The second airdrop will take place on February 3.
As of January 22, registrations for the second airdrop are closed.
There’s a total supply of 9 million OTH tokens. It’s unclear how the tokens will be used on the platform, or what functions the tokens will have.
Otho Network OTH ICO Conclusion
Otho Network is a cryptocurrency project in the early stages of development. The company is completing an airdrop for its OTH tokens in January and February, 2018. As of January 2018, they have not yet released a whitepaper.
However, the Otho mobile app is scheduled to launch later this year. The app will come with core features like Otho Pay (a payment platform for merchants) and the Otho Exchange (a P2P exchange where users can trade fiat currencies and cryptocurrencies).
To learn more about Otho, visit online today at Otho.network.