Why OTN Token Price is Not Final
The Open Trading Network platform is the first cross chain solution for crypto traders. The platform’s token currency — OTN tokens — are being released into circulation by a weekly reward distribution schedule to IQ Option* cryptocurrency traders. Less than 6 weeks ago on October 16th, 2017, the first emission of OTN tokens took place. Since initial release, OTN tokens have been freely trading on exchange with increased momentum from the very beginning.
November 17th, a rapid decent of the OTN token kicked off and many traders started questioning the future acceptance of token.
Here we consider 5 factors that have already contributed to the success of free trade in the cryptocurrency to date and will continue boosting the popularity of OTN project, thus powering the token.
1) A Game Changing Solution
The most attractive feature of the OTN platform is the strategic vision of the team to provide a solution to a growing problem from crypto traders. OTN are offering a solution to traders that is long overdue — cross chain trading. This element in itself is appealing for token holders as trading volumes grow in size and diversification across the entire digital asset universe. OTN have defined a specific pipeline that clearly demonstrates the value of the platform and as such the value of the OTN token. By offering cross-chain trading OTN eliminates a huge swathe of form filling, security checks and delays in trading.
2) Thinking Big
However, OTN will not be stopping at providing this initial solution alone. OTN has a vision to offer a far broader range of valuable solutions to the segment — such as giving businesses the ability to create their own token and launching an OTN decentralised exchange (scheduled for April, 2018). In addition, OTN are offering platform users convenient, secure and accessible bolt-on solutions — such as the OTN wallet to consolidate all digital asset trading into one environment.
3) Growing List of Trading Venues
Although OTN tokens are released into the market by weekly emission as a reward to cryptocurrency traders on the IQ Option platform, after receiving OTN tokens, traders can transfer them to their wallet for external trade on exchange as they see fit. The list of trading venues has been growing — now including, Livecoin.net, Cryptopia and Yobit.net — providing growing liquidity to OTN token trading and helping the token gain traction in the free market. A number of major exchanges are expected to list OTN within the following month.
4) No External Finance
Traders and investors in digital assets have become put off by companies backed by ICO (initial coin offering). ICOs are considered risky and often less than transparent about what purpose capital will be put towards. OTN, on the other hand, has received no external finance whatsoever — the platform has been backed by IQ Option (a well-known, highly regarded trading platform). This is a positive indicator to market players who perceive this source of financing as a sign of credible leadership and robust fundamentals.
5) Underpinned by a Solid Skills Base
The OTN team has demonstrable expertise backing the project — creating positive sentiment in the market towards the value of OTN tokens. The OTN platform has an operational workforce of over 550 professionals working on their trading platform. The OTN platform has also maintained a demand driven focus in implementation — supported by working in partnership with IQ Option, a company which has over 20,000,000 users and a reputable track record.
Overall, the launch of the OTN token is another step towards the mainstream adoption of digital asset trading and investments — this fact alone is helping OTN token exchange-trading gain ground.
Learn more about OTN: https://goo.gl/aKXWzt
Warning: Investing involves a high degree of risk.
*IQ Option is a brokerage company and does not provide OTN tokens to clients. All tokens are provided by the OTN foundation. The OTN foundation confirms that it does not sell OTN tokens and that the activity is non- commercial.