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Blockchain Infrastructure Project OPEN Partners with Kucoin

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Open Platform
Source: Open Platform

After many months of hard work, OPEN is proud to announce their new partnership with Kucoin exchange. The project is eternally grateful for the amazing support received along the way. During the presale, OPEN could not match the $250M in allocation requests received. However, as of today at 10 am eastern, OPEN Platform will be listed on Kucoin and all willing supporters will be able to contribute to the project.

OPEN Platform’s rapid rise to success can be attributed to a distinguished advisory and partnership team including Danhua/DHVC, Draper Dragon, Sora, and NEO. With their expertise behind OPEN, the project has transitioned from a hopeful startup into the beginning of a world class organization.

Starting today at 10 am, OPEN Platform will be listed for trading on Kucoin exchange and OPEN tokens will be available for purchase.

Information About the Listing

Individuals can now buy and sell OPEN tokens with the supported pairs being OPEN/BTC & OPEN/ETH.

Kucoin, “The People’s Exchange,” is known for its usability and intuitive design. OPENs listing on Kucoin will continue their vision of being a community-driven project. The OPEN team has provided here both a guide and video on using Kucoin exchange. All questions can be directed to the team via their Telegram channel.

Working With Exchanges

With a live Scaffolding product live on their website, OPEN is now focused on getting OPEN tokens into the hands of their customers. OPEN tokens are the mechanism behind our Scaffolds and will allow for the full utilization of their infrastructure.

Per the OPEN team, they have received countless inquiries from standalone developers, large development agencies, and other blockchains all eager to use the product. The listing on Kucoin will now provide a method for these entities to purchase OPEN token and begin utilizing them in the network.

OPEN will likely play a significant role in making cryptocurrencies an everyday payment method. Their platform is designed for usability and will be well-received by the thousands of applications looking to accept cryptocurrencies as payment.

In conjunction with their Developer Growth program, centralized exchanges such as Kucoin will be vital in connecting customers with the platform. OPEN is very happy to begin this new exciting partnership.

Next To Come

This is the first major announcement OPEN has made this summer and many more can be expected to follow. As of June, their product will be made fully available for public use. Before then we can expect to see many other initial integration partners announced as OPEN continues to improve their product.

This new partnership and OPENs continual development represent the movement into the next stage of blockchain integration. For the first time ever, developers will be able to easily utilize blockchain technology without any prior knowledge. Doors have been opened for thousands of developers eager to incorporate cryptocurrency into their applications.

OPEN Platform would like to express their sincerest gratitude to their attentive community members who have supported them along the way.

The future is OPEN!




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Altcoins

Tron [TRX] energy cost to be reduced from 20 sun to 10 sun

Priya

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Tron [TRX] energy cost to be reduced from 20 sun to 10 sun
Source: Unsplash

The whole cryptocurrency market has been witnessing a steep downward trend for the past couple of weeks. Even the major cryptocurrency like Bitcoin [BTC], Ethereum [ETH] and XRP, have lost the battle against the ice king. This negative trend has broken down most of the new projects in the market, especially the investors’ sentiments. There are also a few projects and team that are finding it hard to continue their operations because of the bear’s ever-growing presence.

Despite this, Tron [TRX], the tenth-largest cryptocurrency by market cap, continues to make advancements in terms of network development. Justin Sun, the founder and CEO of Tron Foundation presented the second proposal, Proposal 9, has been approved by 2/3rd of the governing body. The proposal is aimed at making the network a developer friendly environment by reducing the energy cost from 20 sun to 10 sun, which, in turn, reduces the cost of smart contact.

Justin Sun's tweet on the proposal | Source: Twitter

Justin Sun’s tweet on the proposal | Source: Twitter

At the time of writing, the proposal had received 22 approvals and no disapprovals. The representatives who voted for the proposal includes Justin Sun Tron, Tron Society, BitGuild, Tron One, Lianjinshu, uTorrent, Crypto Guy in ZA, Infinity Stones, Alle Exchange, Tron Alliance, TronWalletMe, Raybo Tron, BitTorrent, Blockchain Org, CryptoChain, Sesameseed, callmeSR, DApp House, Tron Spark, TRX Market, Sky people, and Tron Europe.

The first proposal of the month was related to maximizing the energy limit of the network, which was also aimed at supporting the developers of the ecosystem. The proposal was approved by all 28 Super Representatives of the network. Super Representative are the representatives of the community and validators of the node who are elected by the token holders. These representatives are given the power to vote for the activation of the features of the Tron Virtual Machine, with the focus on the betterment of the entire community.

Earlier today, the CEO of the Foundation spoke about how Tron surpassed Stellar Lumens, the fourth largest cryptocurrency by market cap. He said on Twitter:

“According to @CoinMarketCap, there are 159 trading pairs of #TRON which already surpassed 157 trading pairs of Stellar. #TRX was already listed on more than 100 exchanges, including Crypto/Crypto & Crypto/ Fiat trading pairs”


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Analysis

XRP/USD Technical Analysis: Sideways movement to end as breakout imminent

Priyamvada Singh

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XRP/USD Technical Analysis: Sideways movement to end as breakout imminent
Source: Pixabay

As the cryptocurrency market switches their allegiance between the bull and the bear, XRP is painted red at the moment. The token is slumped by more than a percent wherein the coin is trading at $0.3 with the market cap of $12.4 billion. The 24-hour trading volume is calculated at $305.8 million.

1-hour

XRP 1-hour candlesticks | Source: tradingview

XRP 1-hour candlesticks | Source: tradingview

In the 1-hour price chart, the downtrend is ranging from $0.315 to $0.311 whereas the uptrend is extending from $0.301 to $0.308. A clear possibility of a trend breakout is visible as the prices are packed tightly, ready to explode in either direction.

The Parabolic SAR is bullish on the cryptocurrency as the dots have assembled themselves below the candles to support the bull.

The Aroon indicator is showing a greater strength in the downtrend, which is a bearish sign for XRP. However, it can be observed that the red trend is losing its power and crashing.

The Awesome Oscillator is slightly bullish on the coin as the bars have turned green at present.

1-day:

XRP 1-day candlesticks | Source: tradingview

XRP 1-day candlesticks | Source: tradingview

In the 1-day timeline, the downtrend is stretching from $0.51 to $0.31 whereas the uptrend has been observed from $0.27 to $0.3. A trend breakout is not visible as of now.

The Klinger Oscillator has made a bullish crossover by the signal line. This indicates that the reading line is traveling in favor of a green trend.

The RSI is extremely bearish on the cryptocurrency as the indicator has crashed to the bottom of the graph. A trend reversal is not expected as well, as the reading has not hit the oversold zone.

Conclusion:

In this technical analysis, it is clear that the indicators are giving a mixed sign, advocating for a sideways trend. However, since a trend breakout is predicted in the shorter timeframe, a bullish win might take over the price chart.


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