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About Open Platform

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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Open Platform is on the decline this week.

The price of Open Platform has increased by 0.30% in the last hour and increased by 0.88% in the past 24 hours. Open Platform’s price has also fallen by 13.36% in the past week. The current price is $0.0262 per OPEN with a 24-hour trading volume of $306.39K. Currently, Open Platform is valued at 91.20% 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.


What is the current price of Open Platform?

We update our Open Platform to USD currency in real-time. Get the live price of Open Platform on Coinbase.

What is the market cap of Open Platform?

The current market cap of Open Platform is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Open Platform?

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.

What is the 24 hour trading volume of Open Platform?

Over the last 24 hours, the trading volume of Open Platform is $306.39K.

What other assets are similar to Open Platform?

Assets that have a similar market cap to Open Platform include xSUSHI, Pando, Brett, and many others. To see a full list, see our comparable market cap assets.

How many Open Platform are there?

The current circulating supply of Open Platform is 0.

Can I buy Open Platform on Coinbase?

Yes, Open Platform is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Open Platform guide.