Open Platform ICO Review

Open Platform

The first blockchain payments infrastructure for applications

Open Platform Score



An end-to-end decentralized applications payment platform. The aim of Open Platform is to enable any application to integrate blockchain technology, accept any cryptocurrency and track payment states on the blockchain. Their main focus is to facilitate the process of mass adoption of the blockchain. DApps can utilize the Open Platform to integrate cryptocurrencies into their business/services.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Green lights

  • Massive Hype from the community and influencers.
  • Low hard cap of $18 million for a project of this size.
  • MVP Demo available.
  • There is a developers program already open: http://go.openfuture.io/devprogram.
  • Strong advisory team to help Open Platform grow.

red flags

  • There was no sale at ICO which could put the community off in the long run.
  • Lot’s of competition in this space.
  • Team are still young and lack extensive experience in this field.

Open Platform
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Medium - High

The Advisor team is very well rounded and will be key to the success of Open Platform. With these experienced members onboard Open can be successful.

TEAM SCORE

Medium

Team is quite young and lacking in some experience for a project this size. The Open Platform leadership isn’t ideal but have advisors that should be able to carry them. The CEO is a very smart guy but is definitely lacking in many aspects required for setting up a company of this size.

HYPE SCORE

High

Massive hype with over 50k members on Telegram, but it’s hard to say they are all genuine accounts. Either way their Twitter activity is next to none, with 100’s of likes and retweets per post.

TOKEN SCORE

Medium - High

The Token Hard Cap was $18 million, there was NO allocation for ICO in the end, all funds received via private sale.

CONCLUSION

The CEO is a very smart guy but is definitely lacking in many aspects required for setting up a company of this size. Open Platform is about 3 years too early in my opinion. Most dApps are not ready and by the time they hit the blockchain, the space will have evolved beyond Open Platform. Even though Open scores very well in TheGobOne Rating, it’s a pass from us (not that anyone could have invested in the ICO anyway) There are too many better suited competitors. If Open Platform caters to decentralized applications (dApps), there are other protocols that allow easy exchange of cryptocurrencies such as Kyber Network and 0x.

7.9

ADVISOR

5.3

TEAM

8.6

HYPE

7.2

TOKEN

platform

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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