Open Trading Network, the first 100% collateralized decentralized exchange is breaking new grounds. Thus, in the industry by making exchanges between the blockchain networks fast and secure like never before. The company’s vision is to build a set of applications aimed at making the crypto world open to the common man and all market participants.
November 28, 2017
Open Trading Network Foundation, a non-profit organization based out of Zug, Switzerland, is all set to revolutionize the rapidly expanding global crypto economy by developing a secure system combining numerous isolate blockchain networks into a unified open network. World’s first 100% collateralized decentralized exchange, OTN will allow instant transactions between a wide myriad of blockchain networks. Open Trading Network Foundation claims that this innovation will make lives easier for businesses, individuals, traders, and regulator, while addressing the need for speed and liquidity.
The global market for cryptocurrency has developed at a breakneck speed in the recent years. Since the exponential growth in the number of cryptocurrencies. The objective of OTN is to make the benefits of this growing crypto economy available to common users. Also all market participants. They want to accomplish this by creating a set of mass market applications for efficient management of crypto assets, performing cross-market transactions, secure storage of savings, accessing the global marketplace, working with tokenized loyalty systems, and making purchases from a crypto wallet.
The maiden product from the network, OTN.Wallet is in the final stages of development, and expecting to be declare very soon. This multi-currency wallet will serve as a universal tool to store and exchange all types of cryptocurrencies or digital assets. Users will also enjoy several important features such as fast and safe transactions, a balanced portfolio, direct exchange, P2P transfers, analytical tools, profitability reports, asset tokenization and detokenization, and much more.
Following the launch of OTN.Wallet, the network’s next two products OTN.Business and OTN.Exchange are expecting to arrive shortly. OTN Business is a business application supporting several widely-used operations. IT includes issuing tokens and listing them on exchanges, issuing tokenized loyalty cards, crowdfunding, tokenization of services, integrating payment schemes, tokens and cryptocurrencies, integrating custom centralized matching engines, etc. Whereas, the OTN Exchange will enable superfast placement or orders, maintaining complete transparency of all orders.
Instead of following the common path of collecting funds via an ICO. Open Trading Network has been developing in partnership with the distinguished trading business IQ Option. In addition to financing the creation of the network, IQ Option is also providing the platform for its first commercial use.
Staring from October 7, 2017, Open Trading Network Foundation has initiated the process of issuing a total of 100 million OTN tokens. Thus, every Monday and over the following 104 weeks.
The exact distribution plan for the tokens is as follows:
- 42 million to the holders, traders and wallet users on the OTN platform
- 28 million to the shareholders and IQ Option team members
- 30 million will remain with the OTN foundation for the purpose of future distribution and attract strategic partners.
About Open Trading Network: Open Trading Network is the first 100% collateralized decentralized exchange. It will allow fully secure exchange between the blockchain networks. OTN foundation is committing itself to develop the network described in the white paper. It also several applications to help the different stakeholders to benefit from the network.
Contact: Dmitrii Kutuzov, Head of Development
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