Quote from: OpenTN on November 08, 2017, 09:46:49 AM

Quote from: mannanj on November 08, 2017, 04:07:56 AM

A few questions!

1) You said in January 1st, 2018 we can generate OTN by holding OTN in the OTN wallet. What is the rate of generation? And will OTN wallet signup be open to US citizens?

2) You said "You can use your OTN token on IQ Option platform when trading to pay for your trades commissions or add your tokens to your OTN Wallet and sell them on the exchange. Another option is to convert your OTN tokens in OTN coins and put them on the Open Trading Network (OTN system) to pay for transactions on the network and enjoy a scheme of commission revenue from the network transactions". I am really interested in this option of converting OTN tokens to OTN coins, but I am a US citizen and signup on the IQtrading platform is closed for me. Will I be able to pay for transactions on the network and convert OTN token to OTN coin to earn commission revenue?

Thanks!

Thank you for your questions, @mannan!
First of all, let's get one thing out of the way: The Open Trading Network is designed to be a global project. We call it "the Internet of Blockchains" and just like the Internet it should be available to everyone.
That being said, we can't be sure there won't be any legislative/regulatory obstruction against cross-chain transations introduced in the US in the next couple of years. But we're keeping our hopes up.

And it doesn't matter that you don't have access to the IQ Option trading platfrom, because it's not going to be an integral part of the OTN. The transactions will be processed over the OTN and that's where your tokens will come in handy.

Now, as to the OTN.Wallet reward: Starting January 1st and over the course of the next 2 years, we'll be airdropping 16 mil OTN coins to OTN holders. We have estimated that it would result in a 30-35% annual rate for the holders.

OpenTN,

Thank you for the response. I'm glad to hear of your ambitions

We both hope for the best in the regulatory landscape.

With regards to wallet, so it sounds like anyone, regardless of country/location, will be able to download the wallet and stake OTN there starting Jan 1st, is that correct?

And do you have a "rough ballpark" how many OTN my OTN will generate (example 100 OTN in wallet), and time/frequency (every week?) once it's in the wallet? Thanks!