Open Platform, a blockchain payment solution for Dapps has just received an undisclosed amount from Tim Draper’s Dragon Digital Asset Fund. Tim Draper is a well known investor in the the world of blockchain funding. Receiving backing from Mr. Draper is a positive nod that most in the cryptocurrency world can only dream to receive. With the announcement of this news, it’s almost certain that Open Platform with reach its hard cap and gain the momentum needed for quicker adoption of its’ unprecedented blockchain solutions. “As a prominent leader in the blockchain space, Draper Dragon’s backing is a tremendous endorsement for OPEN’s technology for blockchain payments,” said OPEN CEO and founder Ken Sangha.
Open Platform is developing a blockchain enabled payment solution which will enable developers to integrate their app/Dapp backend payment systems to receive payments in a variety of cryptocurrencies. Developers will now be free from the oligopolistic online payment landscape; controlled by the likes of Facebook, Google and Apple, whom charge very high prohibitive fees that are stifling the development of apps/Dapps. Devs are currently paying upwards to 30% in fees to iTunes and Google Play Store to host their apps under very strict and inflexible policies. Open Platform is addressing these issues which will support 97% of revenue to be paid to developers; with long wait times and high chargeback risk no longer a concern.
The Open Platform decentralized network will be easily accessible to developers without having to use or learn any new and complicated programming languages. Devs can connect their payment systems to almost any blockchain by using Open’s Open Scaffolds; which are customizable smart contracts, that suit the needs within the dev’s apps ecosystems. Open Scaffolds are extremely user friendly, allowing devs to update and modify their payment protocols without any hassles and speedily.
Open Scaffolds will work in conjunction with the Open State Protocols, which with store user data and payment information securely to be accessed for payment verification. When users make payments through the scaffold system, they will be validated via an “oracle”. If the transaction is deemed valid, an “Open State” is created and sent to the users Open Wallet; allowing them access to the content purchased. The Open State data will serve as a receipt and validation of the user’s subscription for the services.
Developers will receive payment in their Open Wallets in Open’s native currency; the OPEN token. OPEN tokens will reflect the value of the services purchased by users; as well as be used to open Open Scaffolds. When developers need to interact with Open’s API a certain number of tokens to be staked and locked to create the “scaffold. After a specified period of time, the Open Scaffold can be closed and tokens return to the dev’s Open Wallet.
By all accounts, Open Platform has created a unique decentralized solution that will help today’s developers profit more from their apps/Dapp; with only a small 3% fee being reinvested in the Developer’s Growth Pool to maintain the Open Platform ecosystem and infrastructure. Many developers realize the power of blockchain, but have been hindered by the complexity of designing payment solutions from the ground up. The Open Platform Protocol has answered this with its’ user friendly platform which requires no additional programming skills other than those the devs possess already. The Open Platform Token Sale is live, but look to it reaching its hard cap in its’ private sale. However, OPEN token will surely be hitting exchanges with a bang!! For further details on Open Platform, please see the following links:
Website: https://www.openfuture.io/
Whitepaper: https://s3.amazonaws.com/openmoney/OPEN+Platform+White+Paper+2018-03-08.pdf
Medium: https://medium.com/@theOPENPlatform
Telegram: https://t.me/joinchat/FDNbh0M079p5fnfOHFEJaw
Twitter: https://twitter.com/OpenPlatformICO
Reddit: https://www.reddit.com/r/OPENPlatform/
Bounty Program: http://bountycontest.openmoney.digital/2043
Bitcoin Talk ID: cubanlinx81