The Open Trading Network (OTN) is set to become the first 100% collateralized decentralized exchange allowing instant transactions between the blockchain networks.
The OTN platform will serve the best interests of all types of market participants: individuals, businesses, and professional traders. It will become an eco-system designed to enable secure storage and exchange of all cryptocurrencies.
One of the main products to be launched on the OTN network is the OTN.Wallet — a single multi-currency wallet to store and exchange all of the digital assets. When using the OTN.Wallet for exchange purposes the user won’t need to trust any of the network members, as all guarantees are ensured by the design of the network. In fact, the platform will always have a pool of reserved OTN coins that will act as a collateral for transactions. This means that the owners of the wallets will always have a certain amount of cryptocurrencies or tokenized assets at their disposal. Thus what’s yours will always remain yours, securely stored on your OTN.Wallet.
The OTN.Business division of the network will enable businesses to issue their own tokens and list them on the exchange instantly via ready-made smart-contracts. A business will not need to go into the details of these contracts, since they can just set all the necessary parameters in the convenient interface. When issuing a token, a business owner will also receive some ready-to-use solutions, such as discount systems, loyalty programs, crowdfunding opportunities, etc. The businesses will be able to accept payments in all existing cryptocurrencies and instantly convert them into a currency of their choice. *
The crypto exchange itself will occur in a decentralized trustless network — swiftly, transparently, and securely. OTN.Exchange will enable and guarantee placement, removal and change of existing orders. Decentralized exchange will be powered by centralized matching engines to ensure maximum speed of order processing (adding them to the order book and executing them), while transaction clearing will be decentralized within the OTN.
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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