Open Platform (OPEN) ICO Review and Rating, News and Token Sale Info

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Open Platform

Payment infrastructure for applications

Average rating : MEDIUM

The first blockchain payments infrastructure for applications.

IMPORTANT NOTES: OPEN hardcap to be reached in pre-sale. We will be organizing an airdrop targeted at our early supporters.

Private-sale:		NO INFO
Pre-sale:	01 Apr - 17 Apr	ENDED
Crowd-sale:	17 Apr - 18 Apr	ENDED

Raised: 18,000,000 of 18,000,000USD ( 100%)

Website WHITEPAPER Whitelist: Yes

token metrics
Ticker:	OPEN	Available for token sale:	50
Token type:		Private-sale/pre-sale token price:	/
Accepts:		Private-sale/pre-sale bonus:	no info/ no info
Prototype:	Yes	Pre-sale min/max personal cap:
Team:	14 persons	Crowd-sale token price:
Team residence:		Crowd-sale min/max personal cap:
Company residence:	N/A	Cant participate:

experts opinionopen all

Coin Bloq

I like open platform, but I feel that their hard cap is just a little bit too high relative to the team’s strengths. In a bull market I would be bullish on the project but because the markets are very unstable at the moment, I do think they’re asking for too much money.

Open platform basically wants to create an agnostic payment solution and this is going to be integrating crypto currencies into existing applications. They have a working product.

The market for Stripe or PayPal alternatives in the crypto space is very very saturated. You`ve got Manisa, YouTrust, CoinBase and many other competitors.

I am bullish on the project and I think if the market does pick up this could do quite well, but again to get in at the early stages I’m hesitant. For the token economics I gave it 40 out of 100 the reason for that is the hard cap.

With the team I think they have a very competent team but not a world-class team so I gave them 60 out of 100.

For hype I think these guys have got a lot of hype behind them. (70 out of 100).

Sergio

OhHeyMatty

CrushCrypto

Overall, we are neutral about both the flipping and long-term potential of this ICO. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:

For flipping

Neutral. The hard cap of $30 million is on the high side in this market and at the current ether price. We don’t see anything especially standout about this project to warrant a high unmet demand.

For long-term holding

Neutral. We see 3 areas of focus for Open Platform (targeting existing applications, broader online merchants, or dApps), none of which is compelling as detailed in our “Concerns” section.

Also, the 3% transaction value to fund the Developer Growth Pool adds up very quickly for applications, making it less appealing to use the platform.

Therefore, we are uncertain about the level of adoption Open Platform will have.

Midgard Research

The project is backed by a capable team with some prominent advisors on the board. Hype is rather high, but the hard cap is going to be reached through the pre-sale. The team is delivering in accordance with the roadmap and has already presented its MVP 2.0. The project is planning to operate in the application payment niche and does not have direct, decentralized competitors. The only concern we have is its 3% transaction fee, which is rather high and out-of-step with the overall tendency to make fees as low as possible.