ICO Review: OPEN Platform (OPEN) Blockchain Payments Infrastructure for Applications Links: ICO website: https://www.openfuture.io/ Whitepaper: https://s3.amazonaws.com/openmoney/OPEN+Platform+White+Paper+2018-03-08.pdf Medium: https://medium.com/@theOPENPlatform Twitter:https://twitter.com/OpenPlatformICO Telegram: https://t.me/joinchat/FDNbh0M079p5fnfOHFEJaw Facebook: https://www.facebook.com/OpenPlatformICO/ Idea: Open Platform is a payment infrastructure required for applications to communicate on-chain payments with their application backend. It will enable any application to integrate blockchain technology, deploy any payment scheme, accept any cryptocurrency and track payment states on the blockchain. All of this should make it easier easier for mainstream developers to adopt cryptocurrency technology into their applications Usage: The token has several usages: It activates Scafforlds to allow application developers to accept payments. For Scaffold to be used, the developer must stake a certain amount of OPEN tokens with it. There's also a Developer Growth Pool which is used to incentivize developers to implement OPEN Platform and join the community. 3% of every transaction is used as a type of network gas fee. This fee is is sent automatically to the Developer Growth Pool and used to increase usage. There are some projects that aim for wider cryptocurrency-as-a-payment adoption and include: Metal, Monetha, OmiseGo but the biggest competition will be Bitpay but Open has way more use cases and applications while also trying to be easier to use. Roadmap: June/18 - developer beta program, open SDK 1.0 July/18 - OPEN 1.0 Goes Live on the Ethereum platform, OPEN SDK 2.0, OPEN API, OPEN Wallet December/18 - major release: OPEN 2.0 Team Based in San Francisco USA. Founded in 2017. 10 team members listed on the website - more on LinkedIn. Management and team members appear to be solid with plenty of knowledge in different sectors. All of the past projects that team members worked on are listed. The 4 advisors are very experienced and include former Match.com president, founding partner of NEO capital and PayPal partner. Token economics: Private pre-sale ongoing Main sale date not annouced yet and will probably not happen Accepted: ETH Registration for the sale still ongoing Token distribution: 1B OPEN tokens total 50% for sale (3% Bounty / 47% Sale Distribution) 20% Developer Growth Pool 20% Team, Partners and Advisors (vested) 5% Platform Partners 5% Community and Developer Airdrop Pool 1 OPEN = Price $0.08 Private token sale ongoing and bonuses aren't available Main sale might not take place because the team annouced they are oversubscribed already Unclear whether the unsold tokens are destroyed MAXIMUM CROWDSALE CAP: $18M PREDICTED MARKET CAP: $29M MARKET CAP WITH UNUSED TOKENS: around $36M Conclusion: This is a very polished project done by a promising team. Even though it's a startup they have already demonstrated that they can deliver through the MVP and payment infrastructure. In terms of the token economics the details are quite limited but the hard cap is reasonable and so is the predicted mcap. The good: Plenty of potential applications A lot of hype surrounding the project Working MVP and development ahead of schedule The overall quality of documentation is good Solid team behind the project The bad: Token economics are not detailed with some information missing Private presale will make it difficult to get in Risks: The unclear details about the sale might attract whales aka investors with plenty of money Verdict: 9.2/10 Hype factor: very high Short term investment score: 9.5/10 The predicted mcap is very low when compared to the competition which combined with the hype surrounding the project could mean plenty of demand for the tokens once they are listed on exchanges. There could be more details about the sale but I don't think it should affect the project negatively. Long term investment score: 9.0/10 The project does appear to have solid fundamentals that could indicate it could a good investment long term especially due to clever usage of the fees which will be used to promote the project and attract more customers. Follow me on social media: Telegram: https://t.me/crypto0coins Twitter: https://twitter.com/Crypto0Coins Facebook: https://www.facebook.com/crypt0coins/ Steemit: https://steemit.com/@dmae You can also use my referrals: Coss referral: https://sso.coss.io/api/invite/XJZ89O9XRU Binance referral: https://www.binance.com/?ref=10136785 Coinbase referral: https://www.coinbase.com/join/580f4ae28bfa31697d9a8f7c I no longer accept donations! Love you but keep in mind that this is not a financial advice!