Hello everybody!
I just bought 4426 Opus Tokens and paid 0.498 ETH + 0.01 ETH in gas ( so that the transaction goes through).
Basically I paid $0.02 / token.
How did I get the tokens?
First you need to read these instructions:
- I created an ether wallet on https://www.myetherwallet.com
- I added a custom token using these values :
Address: 0x4355fC160f74328f9b383dF2EC589bB3dFd82Ba0
Token Symbol: OPT
Decimals: 18 - I bought ETH with https://www.coinbase.com
- Transfered ETH to the crowdsale address ( same as the custom token address) . I needed to substract 0.01 ETH for the gas costs ( fees). Used gas limit of 200.000 (two hundred thousand ).
What is OPUS ?
Here is a video that explains the main core of the OPUS Foundation:
Youtube:
Bitcointalk: https://bitcointalk.org/index.php?topic=2011065
They created a fully decentralized music streaming platform built using IPFS and Ethereum.
Here is a quote from their whitepaper:
Opus is a decentralized music-sharing platform that tackles the issue
of music ownership and sharing at an infrastructure and protocol level. Leveraging
the speed and redundancy of a novel Interplanetary FileSystem, IPFS,
Opus can scale and deliver thousands of tracks per second in a fully decentralized
manner. This throughput is achieved by encrypting music tracks on
the fly and storing the encrypted music files permanently on the IPFS swarm.
Only the decryption keys, and file hashes, are saved immutably on the Opus
smart contract. By only storing the decryption keys and reference hashes, we
can facilitate a number of novel features such as file ownership, trade, and full
decentralization. With Opus, artists can monetize their content by selling permanent
access to their IPFS music files and decryption keys directly to a fan’s
Ethereum contract, without any middleman.
Link to whitepaper: http://opus-foundation.com/whitepaper.pdf
♬♬♬ [BOUNTY CAMPAIGN] Opus link :
https://bitcointalk.org/index.php?topic=2011082.0
Crowdsale page
http://opus-foundation.com/crowdsale.html
Where are the songs stored?
The songs are on the IPFS network and encrypted. Hashes to these files are on ethereum and transferred to user contracts.
What is the difference between OPUS Token and LBRY Credits?
- They use IPFS which is very fast.
- Lbry targets everything, but if you consider something like Google drive vs Spotify, yes you can store and sell songs from Google drive but unless you target music streaming users you aren't going to get market share
What is IPFS? ( Taken from the IPFS Whitepaper )
The InterPlanetary File System - is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. In some ways, IPFS is similar to the Web, but IPFS could be seen as a single BitTorrent swarm, exchanging objects within one Git repository. In other words, IPFS provides a high throughput content-addressed block storage model, with content-addressed hyper links
How can I contact them and where are they located?
Email
info@opus-foundation.org
Phone
Office hours (13:00 - 22:00) GMT +971 50 69190541
Location
Saadiyat Island, Abu Dhabi, United Arab Emirates.
Other social media
Twitter: https://twitter.com/opusfoundation
Slack: http://slack.opus-foundation.org/
Telegram: https://t.me/opusfoundation
Facebook: https://www.facebook.com/opusfoundation/
WeChat:
Blog: http://opus-foundation.com/blog.html
Reddit: https://www.reddit.com/r/opusfoundation/
STEEM ON!
*Btw, this is not an investment advice, you have to do your own due dilligence.
Please don't invest money you can't afford to lose.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.*
