Otn: The Entire Crypto World United by a Single Network

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By today, we can state that hundreds of blockchains around the world are been completely isolated in their private operations, and they’re so unable to communicate and trade any kind of notion or information, nor share transactions data. This until today. A change is approaching at the horizon with an emergence of the Open Trading Network (OTN).

Team of IQ Option’s OTN

The new structure is just like internet networks: like it connects separate computers and autonomous networks into a World Wide Web, the OTN system is set to connect isolated blockchain networks and it works just like the internet, contributing to the appearance and development of further new products, services, and even industries that in the long run will be shaping the future of the crypto world, and some other realities any time soon.

Here are some of the best ready-made solutions

OTN can benefit basically three types of users: individuals, businesses and finally traders. Each of them will have a solution created appositely to satisfy their needs. For example, the product created for individuals will be the OTN Wallet. As many users want to store their different and personal assets in one secure place, where they can exchange and manipulate them with no additional operations or long waiting time. Well, with the OTN multi-currency wallet there will be no need to further hassle to register separate wallets for each cryptocurrency, and the game becomes way faster and simplified. So, individuals can store all their cryptos in just one secure storage without any worries. Efficient is better right?

When using this kind of wallet to exchange purposes, at every step of transaction users will either have the asset itself or its tokenized version, and they can always choose which one to operate with. Other important thing to notice is that no exchange will ever have the right to block user’s personal funds.

ICO and better

We all know of some projects that opted for an ICO and turned out to be a fraud, but it seems that Open Trading Network is a non-profit organization and thus is not looking to raise money for the development of its product, which makes everything even more trustworthy. OTN has also a strong partner to count on with both market expertise and a major investment. This partner is, like you’ll have already foresee, nothing else than IQ Option, the world’s leading broker object of so many positive reviews and more than 20 million user bases, never counting a line up of successful trading products. OTN tokens are currently employed by the broker as a reward system for trading cryptocurrencies and accepting the OTN tokens to pay off commissions, contributing to give the OTN tokens actual value and a growing prominence.

How to get OTN tokens?

From October 16, 2017, every Monday for 104 weeks onwards a total of 100 million OTN tokens will be issued, and you’ll be able to receive the OTN tokens just by trading cryptocurrencies on the IQ Option platform, owning an OTN wallet or simply by purchasing OTN on the crypto specialized exchanges. You can find the full list of exchanges on CoinMarketCap (Livecoin.net and Cryptopia to date). OTN developers are also planning to reward the already existing OTN holders with even more tokens during the airdrop, and you can just imagine how much their image will gain from this strategy. For further details we advise to visit OTN.org, where you will find more information about how the Open Trading Network aims to change the crypto world.

Which cryptocurrency is the best for you?

Here we are with another guide that is meant to help you when choosing what kind of cryptocurrency you want to operate with in your trading business. This new means of payment are making a real online revolution that is spreading more and more all over the world, building a future where the currency will no longer be just liquid. Cryptocurrencies are growing in value as the financial market gives them more and more importance, and in this context choosing which one is the best for our trading strategy is a must to speed up our operation process and to make better earnings in the long run. So in this guide made a very handy list of what you should be looking for when choosing your cryptocurrency. 

1. Speed of transaction : as one of the most appreciated cryptocurrency feature is it’s simpler to use while operating in the market, speed of reaction becomes a winning factor that can facilitate every investment you’re planning. So choose wisely maybe researching the speed of every type of currency before making a decision. 

2. Currency offer : it means the quantitative of currency that is available in the system. Complex and famous currencies like Bitcoin, depending on the platform where you’re operating from, can have a very high quantitative available and this may make your transactions easier and safer. 

3. Rules and limitations : this kind of currencies may have some featured limitations or regulations made to protect the system, the platform and the market itself, and to preserve the trader’s safety. This kind of rules can be found in the purchase offer, so make sure you have read all the limitations before choosing a currency. 

4. Spreading power in the real world : it is always meant for online payment, but it refers to the currency liquidity and its possibility to be used like payment for real services. A currency with a high spreading power will guarantee you better profit than one with a low rate. 

5. Credibility : considering you’re using your real founds to gain something more trusting this kind of online currencies, it is very important to verify the credibility of the company you’re going to use for your business. So make sure to search for the company image like its projects or late investments to make a better understanding of what you’re associating to. 

6. Reputation : finally, currency Creator’s reputation is something you must consider thoroughly before choosing. Search for more information about their project, what they wanted to do creating that particular cryptocurrency etc. and then choose wisely!