About Open Platform
Market Stats
Market Cap
No data
FDV
No data
Circulating Supply
No data
Max Supply
No data
Total Supply
1,745,447,045 OPEN
Hold Time
No data
Performance
Popularity
No data
Dominance
No data
Volume (24H)
$34,780.10
0%
All time high
$0.30
Additional info about Open Platform
Networks and details
The current price is $0.0034 per OPEN with a 24-hour trading volume of $34.78K. Currently, Open Platform is valued at 98.84% below its all time high of $0.30. This all-time high was the highest price paid for Open Platform since its launch.
The current circulating supply of Open Platform is 0 OPEN which means that Open Platform has as total market cap of $0.00.
Price history
Today | $0.0034 | 0.00% |
1 Day | $0.0034 | 0.00% |
1 Week | $0.0034 | 0.00% |
1 Month | $0.0072 | ↘ 52.05% |
1 Year | $0.000469 | ↗ 635.43% |
Market details
Performance against other markets | ↗ 614.51% |
Performance against BTC | ↗ 503.84% |
Performance against ETH | ↗ 1,322.32% |
Performance in the past year | ↗ 635.43% |
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.
We update our Open Platform to USD currency in real-time. Get the live price of Open Platform on Coinbase.
The current market cap of Open Platform is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Open Platform is $0.30. This all-time high is highest price paid for Open Platform since it was launched.
Over the last 24 hours, the trading volume of Open Platform is $34.78K.
Assets that have a similar market cap to Open Platform include HELPER COIN, Pichi FInance, Swing.xyz, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Open Platform is 0.
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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
#633
Contributors
285
Posts
602,417
% About Open Platform
0.072%
Hold times
0 days
X (Twitter)
41.81% bullish
Sentiment
3.2 ★
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
285 unique individuals are talking about Open Platform and it is ranked #633 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 3.2 out of 5. Finally, Open Platform is becoming more newsworthy, with 0 news articles published about Open Platform. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Open Platform. There were 41.81% of tweets with bullish sentiment compared to 4.75% of tweets with a bearish sentiment about Open Platform. 53.44% of tweets were neutral about Open Platform. These sentiments are based on 421 tweets.
On Reddit, Open Platform was mentioned in 7 Reddit posts and there were 19 comments about Open Platform. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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