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https://github.com/alexcj10/openchain-network
OpenChain Network (OCN) is a decentralized token on the Polygon blockchain, designed for fast, low-fee transactions. It powers dApps, NFT platforms, and staking mechanisms, offering rewards and fostering ecosystem growth. OCN aims to create a user-driven, decentralized space for digital assets and future collaborations.
https://github.com/alexcj10/openchain-network
Last synced: 13 days ago
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OpenChain Network (OCN) is a decentralized token on the Polygon blockchain, designed for fast, low-fee transactions. It powers dApps, NFT platforms, and staking mechanisms, offering rewards and fostering ecosystem growth. OCN aims to create a user-driven, decentralized space for digital assets and future collaborations.
- Host: GitHub
- URL: https://github.com/alexcj10/openchain-network
- Owner: Alexcj10
- License: other
- Created: 2024-12-13T15:50:47.000Z (27 days ago)
- Default Branch: main
- Last Pushed: 2024-12-22T11:25:15.000Z (18 days ago)
- Last Synced: 2024-12-22T12:21:32.074Z (18 days ago)
- Homepage:
- Size: 45.9 KB
- Stars: 0
- Watchers: 1
- Forks: 0
- Open Issues: 1
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Metadata Files:
- Readme: README.md
- License: LICENSE
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README
# OpenChain Network Project
## 🚀 Introduction
Welcome to the **OpenChain Network** project, a **Polygon-based decentralized cryptocurrency ecosystem**. The **OpenChain Network (OCN)** token is built with a vision to create a **high-performance, scalable, and interoperable blockchain ecosystem**. Our goal is to provide users with a seamless and cost-efficient blockchain experience while leveraging the power of the **ERC-20 token standard** and **Polygon** capabilities.
The project is community-driven, and your participation will help us shape the future of decentralized finance (DeFi) and blockchain-based applications.
**Token Name**: OpenChain Network
**Token Symbol**: OCN
**Blockchain**: Polygon
**Token Standard**: ERC-20
## 🔍 Overview of OpenChain Network (OCN)
The **OpenChain Network (OCN)** token will operate as the native asset for a decentralized ecosystem built on the **Polygon** blockchain. By adopting the **ERC-20 token standard**, we are ensuring that **OCN** will be easily interoperable with various wallets, decentralized exchanges (DEXs), and smart contracts across the crypto space.
### Problem Solved by OpenChain Network (OCN)
The **OCN** token aims to address several fundamental challenges in the blockchain ecosystem:
1. **High Transaction Fees**: Many blockchain networks suffer from high gas fees, making transactions expensive, especially during periods of network congestion. **OpenChain Network** utilizes **Polygon's high throughput and low transaction costs**, enabling a more affordable blockchain experience.
2. **Lack of Interoperability**: Most blockchain ecosystems are isolated, limiting the ability of users and developers to interact with applications across different chains. By adhering to the **ERC-20 token standard**, **OCN** will be compatible with Ethereum-based dApps and platforms while utilizing the speed and low fees of **Polygon**.
3. **Centralization in Governance**: Centralized decision-making processes are a common issue in many blockchain projects, where a small group of stakeholders holds power. **OCN** will feature **community-driven governance**, allowing token holders to propose and vote on important protocol changes.
## 💡 Why OpenChain Network (OCN)?
The **OpenChain Network** ecosystem is designed with the following goals in mind:
- **Scalability**: By utilizing Polygon's **Proof of Stake (PoS)** consensus mechanisms, **OCN** can support a high number of transactions per second (TPS) while maintaining low transaction costs.
- **Decentralization**: **OpenChain Network** leverages a decentralized governance structure, where token holders have the power to propose and vote on network upgrades, making the ecosystem truly community-driven.
- **Interoperability**: By using the **ERC-20** standard, **OCN** ensures compatibility with **Ethereum-based decentralized applications (dApps)**, wallets, and exchanges, making it accessible across multiple blockchain ecosystems.
- **Security**: Polygon's blockchain provides robust security measures through its decentralized nodes and cryptographic consensus mechanisms. This ensures the safety and integrity of **OCN**'s transactions.
## 🛠️ Key Features of OpenChain Network (OCN)
- **Tokenomics**:
- **Total Supply**: 789 billion **OCN** tokens.
- **Pre-Release Supply**: 8% of the total supply (63.12 billion **OCN** tokens) will be made available during the **pre-release** phase for early supporters, strategic partners, and private investors.
- **Initial Supply**: 7% of the total supply (55.23 billion **OCN** tokens) will be made available initially to the public for trading and liquidity purposes after the pre-release phase.
### Pre-Release Phase
The **pre-release** phase will involve limited distribution to early backers and strategic partners. This phase aims to gather funding for the development of the **OpenChain Network (OCN)** and build momentum for the upcoming public release. During this phase, tokens will be made available exclusively to a select group of participants.
### Initial Public Supply
The **initial supply** refers to the percentage of tokens that will be available to the public immediately after the pre-release phase. These tokens will be used for initial liquidity, trading, and to incentivize the community to participate in the growth of the ecosystem.
### Future Phases
After the **pre-release** and **initial supply** phases, the remaining tokens will be distributed through various mechanisms like staking rewards, liquidity pools, and additional public sales.
- **Ecosystem Use Cases**:
- **Staking and Yield Farming**: Users can stake **OCN** tokens in liquidity pools and earn rewards through staking and yield farming protocols.
- **Decentralized Applications (dApps)**: **OCN** will serve as the native currency for various dApps that we will develop and deploy on the **OpenChain Network** ecosystem. These dApps could range from DeFi platforms, NFT marketplaces, decentralized governance platforms, and more.
- **Cross-Chain Interoperability**: With the **ERC-20** token standard, **OCN** will be compatible with Ethereum-based dApps, expanding its usability beyond Polygon.
## 🚀 Roadmap
### Phase 1: **Initial Token Development and Deployment**
- **ERC-20 Token Deployment**: Develop the **OpenChain Network (OCN)** token following the **ERC-20 token standard** on the **Polygon** blockchain.
- **Smart Contract Audits**: Conduct audits to ensure the security and efficiency of the token contracts before deployment.
### Phase 2: **Community Building and Governance Framework**
- **Community Engagement**: Start building an active community around the **OCN** token through social media platforms, such as Twitter, Discord, and Telegram.
- **Governance Mechanisms**: Develop and implement the governance framework where **OCN** holders can propose and vote on protocol updates.
### Phase 3: **Development of dApps and Decentralized Ecosystem**
- **Decentralized Applications (dApps)**: Launch decentralized applications that integrate **OCN** as a utility token. These applications will cover use cases such as decentralized finance (DeFi), NFT platforms, and governance tools.
- **Staking & Yield Farming**: Integrate **OCN** into liquidity pools and staking mechanisms where users can earn rewards and participate in ecosystem growth.
### Phase 4: **DEX and CEX Listings**
- **DEX Listings (for Polygon)**:
- List **OCN** on **Polygon-based decentralized exchanges (DEX)** like **QuickSwap**, **SushiSwap (on Polygon)**, or **Uniswap (on Polygon)**, which support the **Polygon network** and ERC-20 tokens. These platforms will allow users to trade **OCN** in a decentralized manner on the Polygon network.
- **CEX Listings**:
- Apply to get **OCN** listed on centralized exchanges (CEX) like **Binance**, **KuCoin**, and other major platforms to increase liquidity and exposure.
### Phase 5: **Partnerships and Expansion**
- **Strategic Partnerships**: Forge partnerships with other blockchain projects, DeFi platforms, and decentralized applications to expand the use cases and adoption of **OCN**.
- **Multi-Chain Integration**: Explore expanding **OCN** to other blockchains, such as Ethereum, to maximize accessibility and interoperability.
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## 💡 How You Can Help
You can support the **OpenChain Network** project in the following ways:
1. **Donate**: Contributions help fund token development, audits, smart contract deployments, and community-building efforts. Send donations directly to the **Polygon wallet address**:
**Polygon Wallet Address**:
`0xF314F051341D311bAc7D9E29377772eBc577Ecfa`
2. **Spread the Word**: Share the project with your friends, family, and community through social media platforms such as Twitter, Discord, and Telegram.
3. **Join the Community**: Participate in the community discussions and become an active member. Stay updated with our progress and contribute to the development process.
## 📞 Contact Information
- **Email**: [[email protected]](mailto:[email protected])
- **Twitter (X)**: [@Alexxcjj](https://twitter.com/Alexxcjj)
- **Discord**: [alexcj10](https://discord.com/users/alexcj10)
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## 💬 Disclaimer
The **OpenChain Network** (OCN) is a **community-driven project**, and all donations go towards the development, launch, and growth of the **OCN** token ecosystem. Contributions are voluntary and made at your own risk. This project is still in development, and all participants should do their own research before contributing or using the token.
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Thank you for your support! Together, we will build an **OpenChain Network (OCN)** that transforms the blockchain space and brings value to all participants in the ecosystem.