Open Trading Network to Launch Crypto Exchange

The OTN Exchange, connecting various brokers and partners to the platform, is scheduled to be released in April 2018
28 March 2018   474

Open Trading Network is the platform that aims to bring the cross-chain technology and unite all blockchain networks and market participants. Open Trading Network has announced that from April 2018 it will be bringing a trading solution to the crypto-market , providing collateralized and decentralized cross-chain exchange.

Soon after the lauch of OTN wallet supporting 7 cryptocurrencies, OTN Exchange should begin operations  facilitating tokenization of crypto assets via the centralized tokenizer. The OTN Exchange, which is scheduled to be released in April 2018 should connect various brokers and partners to the platform. The exchange will be conveniently accessed via the OTN wallet .

As for the long-range plans of OTN, the full tokenization of crypto assets through a decentralized tokenizer and depository, achieved through the launch of the OTN.x multi-chain technology, will be implemented in September of 2018. Moreover, 13 months after the official launch OTN will deliver the decentralized clearing of all network operations and November of 2018 will bring the implementation of tools for regulators.

At the moment of press, these are main market parameters of OTN:

Average price: $2,59
Marketcap: $9 299 700
24h volume: $60 060

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CFTC to Issue ICO Investor Advisory

Before buying coins, you need to thoroughly study their nature and understand what factors can affect their price, CFTC advises 
17 July 2018   116

The US Commodity Futures Trading Commission (CFTC) published a document with recommendations for potential investors in ICO projects and token buyers. This is reported by Coindesk.

The agency's document says that before buying coins, you need to thoroughly study their nature and understand what factors can affect their price.

Also, a potential buyer should remember that, depending on the structuring, some tokens can be derivatives, commodities or securities.

Buying digital coins or tokens only because you expect to sell them at a higher price later is the definition of speculation and carries considerable risk, regardless of how good a white paper, application or business plan sounds. Unfortunately, fraud is another significant risk to consider. Your best protection is to thoroughly research digital coins or tokens and exercise caution. 

CFTC ICO Advisory

The guide also states that before investing in the ICO, it is necessary to find information about the organizers of the project, and also to find out whether they themselves participate in their  ICO.

Representatives of the agency also refer to the study, according to which more than 50% of ICO start-ups ceased to exist during the first four months after the end of the token.