About Open Platform
Open Platform (OPEN) is a cryptocurrency and operates on the Ethereum platform. Open Platform has a current supply of 1,745,447,045 with 0 in circulation. The last known price of Open Platform is 0.0034489 USD and is up 0.00 over the last 24 hours. It is currently trading on 8 active market(s) with $34,748.95 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
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Performance
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Volume (7D)
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Volume (30D)
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All time high
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Overall Price Change (1Y)
Additional info about Open Platform
Recent trends
The current price is $0.0044 per OPEN with a 24-hour trading volume of $0.00.
Market details
OPEN vs markets
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OPEN vs BTC
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OPEN vs ETH
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x9D86b1B2554ec410ecCFfBf111A6994910111340 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0044 | NaN% |
1 Day | $0.0044 | 0.00% |
1 Week | $0.0044 | 0.00% |
1 Month | $0.0034 | 0.00% |
1 Year | $0.0298 | 0.00% |
FAQ
As its name suggests, OPEN Platform (OPEN) is an open-source ecosystem offering tools for developers to build decentralized technologies. Using smart contracts enables developers to create markets, store records of loans, and move funds according to the auto-executed instructions without any intermediaries. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.
The core roadblock to the large-scale adoption of blockchain platforms is their inability to integrate easily with the present infrastructure. Developers need a mechanism to integrate a decentralized payment gateway into their app's unique payment scheme, which can accept any cryptocurrency and synchronize transactions with their existing backend. Further, the centralized nature of traditional finance results in manual verification of contracts which is a time-consuming process and results in backlogs.
According to its whitepaper, OPEN addresses this issue by employing advanced smart contract systems as transaction and verification tools for software applications. Payments are quicker and cheaper, with the added benefit of a trustless environment, thus providing unique advantages for both the app developer and the app's users. Hence, Open Platform aims to encourage mass adoption of blockchain technologies by providing ready-to-use solutions that developers can easily integrate within the existing systems.
To realize its vision, OPEN features a decentralized application payment gateway that interacts smoothly with existing application backends. Further, OPEN's design produces proofs of legitimate transactions that contain information about the transaction, allowing for a wide range of application-level use cases. The OPEN platform, in a way, serves as the foundation for one of the first decentralized API (application programming interface) for centralized apps.
When it comes to the token, OPEN serves as the native currency of the platform. The token seeks to allow developers to create and operate scaffolds(frames) in the OPEN ecosystem. However, to use that Scaffold, the developer must stake a particular amount of OPEN token on it. When a developer wants to retire a scaffold, they can anytime close it and receive their staked OPEN tokens back.
Ken Sangha is the CEO of Open Platform. Before this, Ken was involved with startup growth and has scaled multiple companies.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Open Platform news
Trending articles
Social stats
Popularity in posts
#433
Contributors
10
Posts
21
% About Open Platform
0.085%
Hold times
0 days
X (Twitter)
92.5% bullish
Sentiment
3.4 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
10 unique individuals are talking about Open Platform and it is ranked #433 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Open Platform has an average sentiment score of 68 out of 5. Finally, Open Platform is becoming less newsworthy, with 0 news articles published about Open Platform.
On Twitter, people are mostly bullish about Open Platform. There were 94.87% of tweets with bullish sentiment compared to 2.56% of tweets with a bearish sentiment about Open Platform. 5.13% of tweets were neutral about Open Platform. These sentiments are based on 18 tweets.
On Reddit, Open Platform was mentioned in 0 Reddit posts and there were 0 comments about Open Platform. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.