OpenLedger Aps, based in Pandrup, Denmark, has received seed funding to the tune of 11 million DKK ($1.6 million USD) from a group of Chinese, American and European investors, allowing four major projects managed by OpenLedger, namely eDEV.one (EDEV, JOYY), GetGame (REALITY), Apptrade (APPX), and OCASH (OCASH) to start immediate production.
The OpenLedger Decentralized Conglomerate (DC), is the world’s first blockchain-powered conglomerate, based on BitShares technology, and supporting an ecosystem which includes the OpenLedger Decentralized Exchange (DEX) and OpenLedger’s Crowdfunding (ITO) Services.
This investment is a direct response to the recent OpenLedger Asian-US Tour, which led Ronny Boesing, CEO of OpenLedger, to speak at prestigious conferences in Shanghai, New York, and Seoul. One of the many positive outcomes was OpenLedger successfully securing a lucrative partnership with the first public blockchain in China, ViewFin, and an agreement to have the official currency of OpenLedger (OBITS) listed on two Chinese exchanges. Furthermore, OpenLedger is adding Chinese ICOs and their tokens to the OpenLedger Decentralized Exchange, or DEX.
The OpenLedger DEX is now one of the most powerful cryptocurrency platforms, with many ITOs, ICOs, and their tokens supported by the ecosystem. Designed for high-speed transactions, the OpenLedger DEX allows users to pay ultra-low fees to trade assets in real-time, and securely.
The 11 million DKK investment will be equally spread amongst eDEV.one (EDEV, JOYY), GetGame (REALITY), Apptrade (APPX), and OCASH (OCASH). Each project is run individually and with an expert team of professionals focused on the success of their platform.
ITOs for three of the projects listed, specifically eDEV.one (EDEV, JOYY), GetGame (REALITY), and OCASH will be announced in the following months, and the funds raised will be invested into the development and marketing of each project individually, while simultaneously allowing investors to participate and prosper. At the end of June 2017, OpenLedger will announce three individual sharedrop snapshots for OBITS holders who hold tokens related to eDEV.one, Getgame and OCASH.
Information about each of these projects and their ITOs are published online, with the OCASH website set to go live shortly.
GetGame (getgame.io) has many different facets for both game creators and investors, a platform based on game-related ideas with a focus on VR, AR and any blockchain-based creations that can demonstrate success. Getting funded through this incubator portal, complete with cross-promotional activities allowing constant focus on the platform and its activities, support the developers of games like no other platform available. It is a miniature version of the OpenLedger Crowdfunding Platform, which has been successfully launching blockchain-based companies like Blockpay and Decent.
Before being accepted by the GetGame platform, each game must be validated, and agree to share 10% of their future revenue with GetGame ApS (a subsidiary of OpenLedger ApS), and all its ITO token, REALITY, holders. This way, investors can own a part of GetGame and be part of the future success of the collective. Soon, with the official debit card of OpenLedger, OCASH, cashing in that success can be done easily by withdrawal via debit card, bank transfer or with a Smart coin transfer.
Like Kickstarter, each game can create their own profile where investors can start investing in games they believe in and expect to do well. Each game will be given their own unique token that investors will be receiving in proportion to the sum invested. These tokens can be traded within the platform.
eDEV.one, currently preparing for its pre-ICO stage in August 2017, is set to launch in Q1 of 2018. eDEV.one is a blockchain-based freelancing platform where clients hire freelancers that suit the skills and requirements they need, while freelancers browse for available jobs. Freelancers and clients agree to the terms, including the amount the job is worth. The eDEV.one Escrow Milestone Payment System serves as a neutral third-party between freelancers and clients and is created on the base of a Smart Contract. This gives assurance to the freelancers that they are going to be paid at the end of the project.
OCASH will present the first all-in-one debit card at the end of July 2017, with its own customized app and website for people to sign up for the debit card immediately. OCASH brings a major cards’ payment system to the OpenLedger and BitShares networks, allowing token holders to use the world’s only Stablecoins (SmartCoins) including bitUSD, bitEUR, bitGBP, and Rubles – plus other OpenLedger tokens such as OBITS, BTC, and ETH, to purchase items anywhere that accept debit cards.
OCASH is a new BitShares token which is currently held by early backers and will be offered to all future ITO investors. OCASH tokens will be available from early September 2017 during the ITO. OCASH holders will receive a monthly dividend based on a distribution model using 50% of the future revenues generated. The new website, www.OCASH.io will launch imminently and will contain more information about this groundbreaking project, set to take the blockchain by storm.
Powered by the digital token APPX, Apptrade (apptrade.io) creates portfolios, or groups, of apps, where if one of those apps becomes the next Instagram or Angry Birds, then the value of the portfolio rises. Each app portfolio is designed to ensure that every app included within it is supporting all the others through regularly scheduled updates, highly visible cross-promotion, and a high standard of quality. App creators can launch a portfolio of their own, or join an existing portfolio, raising awareness and revenue for their applications.
OpenLedger CEO Ronny Boesing stated:
“The sky is the limit, where we are going from here. OpenLedger has managed to secure $1.6 million USD in only three weeks, allowing four of our flagship projects to start immediate production, commence their ITOs and reach their goals. We are excited about our new Asian-American partnerships, and even more excited for our investors who will reap the benefits from all of this hard work.”