OPC

Last week, annual returns went down from 1000% to 500%. As a result inflation will also be halved. Together with the burn this is great news for the stability of OPC!

SwapBot collected a little over 548.000.000 OPC, which have been sent to the official burn address. This was worth over 1 million dollars and really means something with our marketcap. The BURN wallet has reclaimed it’s position as the #1 wallet and over 32% of the circulating supply is burned! This means they are removed from the circulating supply and are unretrievable forever!

You can check the burn address at: http://opcoin.prenges.rocks/address/CburnBURNburnxxxxxxxxxxxxxxxxyjqre

OPC will have a prominent position in our ecosystem, the transactions are fast and the wallet is very easy to use.

As OPCX will be our main currency for the store, we will try our best to connect them in a certain way, where we can keep continuously burning some OPC along the line. The mechanism behind this will be set up in the next couple of months.

Because OPC is very easy and quick, it has a perfect mechanism to function as a Reward system. We want to be part of the streaming/gaming world and OPC might play a big role as a donation currency that can be individually used across multiple platforms like Twitch, Youtube, Facebook by simply installing the wallet and providing a receive address!

The world of streaming is growing everyday and millions of people watch streams everyday. This plan is in its infancy, but we’re confident we can work out a great solution. To offer streamers and watchers a platform to earn and spend OPC/OPCX is one of our goals that focuses on both OPC and OPCX, since the offered ‘package’ will include possibilities for both currencies!



We would also like to address questions about the maximum supply set at 2 billion OPC. After this theoretical maximum supply has been reached, the OPC staking rewards will just continue. The amount of coins is not limited in the code, it was just a guideline. The amount of coins burned aren’t excluded from the total supply either, so we’ll reach it quite soon. In practical terms: The total supply can exceed 2 billion easily, but the circulating supply is still well below 2 billion and we intend to keep it that way.

Swap period & supply

During this busy period we’ve tried to help everyone as much as possible and as best as we can. We also want to thank everyone from the community that has offered help to anyone in need!

Over 548 million OPC were swapped to OPCX, which means +/- 27.5 million OPCX supply was added. This is a lot less then we calculated for, so OPCX’s supply is quite a bit lower then we initially thought!

Together with the pre-sale and staking rewards, there would be a maximum of 40 million OPCX in circulation at the start instead of 80 million! This is great news for all the people that have swapped for a few reasons;

80 million OPCX were created with the premine, as that would be 10% of the max supply and is deemed as a reasonable ratio. In our case, our budget was totally dependant on how many people would swap their OPC to OPCX. If 1.6 billion OPC were swapped to OPCX, we would have 0 budget.

The fact ‘only’ 27.5 million OPCX were added to the circulating supply with the swap is great news for all OPCX holders.

What will happen to the remaining OPCX? These coins will partly be used in our ecosystem as buffers to make sure everything keeps working, withdrawals are instant etc.

Another part will be used as a developing fund. The developing fund will be used for many different things, such as; partnerships, marketing, promotions, sponsorships, salary, bounties, developing new ideas, legal advice and of course a lot more. We will always be very careful and know that it’s a great responsibility to manage such a fund. Therefore every step will be carefully discussed throughout the team. Eventually the head developer has the ‘veto’, but as many of you know, he’s receptive for good arguments.

Exchanges & supporting sites

We are very happy we were able to list OPC & OPCX on CoinExchange as quick as we did. Although some people don’t agree about the timing, we tried our best to get listed fast and CoinExchange anticipated quickly!

In our vision it was the best exchange to start with for OPCX. Of course you all can expect updates on our listings, for now we are still applying and talking requirements with some exchanges very well known to you. We will also apply for a few smaller ones with a lot of growth potential in the near future. Given NDA, we can’t add much on the where, when or what.

In our first two weeks, we were added to Masternodes.pro, Masternodes.online, MyNode.rocks, Masternode.online and NodeSupply. These are either sites where you can see statistics for OPCX masternodes or set up your own MN on their service!

DELTA app also added us alongside BlockFolio, the general reception for OPCX is great!

We also started a vode to get OPCX on Mercatox, please help upvoting this! https://mercatox.com/coins/list?name=opcx

Pools

MyNode.rocks: added OPCX straight after the release and have been very successful since with shared masternodes.

StakingLab: Our OPC staking partner added OPCX right away and is providing services for staking as well as masternodes.

StakeUnited: SU is still the biggest staker of OPC. However, we couldn’t make an agreement for OPCX so they won’t be adding it for staking.



IN-HOUSE staking pool. As we speak we are developing an in-house staking pool, which will be accommodated by our new StakeBot! It works just like a normal staking pool, but instead fees are used to benefit the currency instead of selling it for BTC. Also StakeBot will automate any deposits and withdraws, which means there should be no waiting time for withdrawals and deposits!



If you liked the swapbot development, which is already requested by other currencies, you will love our Stakebot!

Masternode hosting

We have spoken with nodesupply.com this week to provide a service to those who have the collateral for a masternode but haven’t got the time or the technical skills to set up a VPS.

This is aimed at those who don’t want to worry about the technicals as nodesupply makes sure your VPS is always online and the wallet software is up to date. Through this method you also retain control of your private keys at all times for maximum security.



Guidelines are available here: https://nodesupply.com/guides/opcx and a nodesupply representative is available in our discord channel or you can visit their Telegram for support .(https://t.me/joinchat/FEZndEjNd6-TswVOocl-eg)

Website

Within the team it’s a real joy to participate in the discussion about the website. A lot of good, creative ideas have passed by last weeks. We won’t bother you with any technical details for now, but it looks like the website is going to work sort of like an exchange, but a little bit different.

The Store will of course be connected to this all, so there are lots of possibilities to spend your OPC and OPCX for real life products and services! From gift cards to streamer’s merchandise and a lot more.



https://opcoin.info will soon be adjusted and we have met all requirements from Google to remove the ‘This site may be hacked’ message. The problem has been identified and is resolved. It was just a problem with a dysfunctional widget.

The www.opcx.tk demo store is still there to be seen. Go take a look and show it to your friends, colleagues etc. It changes over time as more things are added.

Social media and communication channels

Our official Twitter account has over 5000 followers now. This is some great growth and we hope to exponentially grow with your help!. Thanks to all the retweets, hashtags and mentions we are getting seen by a lot of people. Our twitter reach has grown from 300k to 1.3M people! Profile visits have risen 500% (25k now) and instead of being mentioned 300 times, we were mentioned approximately 1100 times.

While Discord also keeps growing steadily, our Telegram channel was still quite small (https://t.me/opcoin). This month was a good month for Telegram and we’ve passed 1000 members. Whenever you join the channel you get a welcome message with a link to the announcement channel as well.

We’ve also created an Instagram account where we post (funny) images and updates. We’ve also posted a few things on Reddit and SteemIt.

We’ll keep on growing and hope all of you will help us with that. Please share as many posts as you can on social media; Twitter, Instagram, Facebook, Telegram, Discord and whatever you can think of.

OPCX

Our team has shown we can achieve a lot in a short period of time. We hope our community gets this really is a lot of work and although you might not see everything, we would like to assure you we work with our hearts and minds to make this a successful project.

Lots of people were asking about the supply of OPCX. Therefore here’s a little explanation:

In our blockexplorer ( http://opcx.info/ ) you can see there’s about 89.2 million OPCX coin supply at the moment. We started out with 80million premine, so 9.2 million OPCX is mined currently.



The circulating supply is different, it consists of the total supply minus the premine coins. While the first two weeks of staking have been great for all, the blockchain has settled down a bit now and reward times are longer, but more stable. To make sure you all are still able to calculate the circulating supply in the future, just use the following formula: Coin supply — developing fund — (37500 x Amount of nodes) = Circulating supply. To avoid questions about it; It’s not easy to know the exact current supply. Currently there should be around 45 million OPCX circulating if there were no masternodes. Since a staggering amount of 584 masternodes have been made in our first two weeks, there’s already 21.900.000 OPCX locked up and out of circulating supply. This would mean the total circulating supply right now is approximately 23.000.000 !!



Honestly, the amount which is left to set up the developing fund has positively surprised us, so we’re going to have a good discussion on how to use this. We will make a budget for each aspect and divide the locked OPCX into an address specially dedicated to that purpose. Making a tight budget is important to make sure all is used for good purposes over an extended period of time. It really gives us all great opportunities which we didn’t have as much with OPC. Our main developer has spent most of his own investment to fund this project since he came here. This part is really exciting and should excite you all a little bit too, because our results are dependent on our possibilities .



Next couple of months there will be a lot of news regarding OPC & OPCX and we will keep you posted in our biweekly updates as well as other other individual announcements on our social media, Discord and Telegram channel!!

Dot: 0x9c0c5cc42ad49b6697a78a9d7adee6237a1f69c5

Btc: 1FsHjrp58Q5647dJdeiZxS4PgbNEFcB3Sr

Ltc: LeMsDfP7FaKeTJPy5kbX1JFe93jDViBgRU

Doge: DPWGcZHg6Bevt3bNHAJ6EgmjDBiNoyrzj4

ETH: 0x142217cde2cdc5003c04e8c303053d074fae4824