Our Pre-sale launched on June 26th. We are currently offering a 67% bonus on all purchased tokens. We’ve worked hard to make sure that there’s real value for all OPU coin holders; both in the short and long term, and that those that contribute early on are rewarded.
Opu Labs US Private Sale
Opu Labs has selected California-based growth capital marketplace, Manhattan Street Capital (MSC), to onboard and accredit U.S. purchasers during our Initial Coin Offering (ICO). You can see our official press release here.
In order to ensure a fully compliant accreditation process, we were keen to engage an experienced financial services firm which could efficiently support potential U.S. purchasers in a process separate from our global ICO site.
Manhattan Street Capital is the premier online fundraising platform; helping companies raise IPO capital, and assisting ICOs to become legitimate securities offerings — using the correct Regulation A+, Regulation D, and Regulation S processes.
Opu Labs Roundtable: Keith Teare (left) and Marc Bookman (right)
Opu Labs Video
“I believe this is a really important industry with a lot of customers who really care about good quality service, and I’m excited to be part of the team that’s advising the Opu Labs token sale.
Keith Teare, Tech Visionary and Opu Labs advisor
Our CEO, Marc Bookman, recently sat down with our advisor, Keith Teare, to discuss and answer questions about the importance of skincare, blockchain technology, and how Opu Labs’ ecosystem will benefit consumers, product marketers, and dermatologists.
There will be four main pre-sale stages and bonuses will be available throughout. Here’s how each stage stacks up:
Runs June 26–29
Cost is US$0.035556 per token
Runs June 30-July 2
Cost is US$0.041481 per token
Runs July 3–5
Cost is US$0.047407 per token
Runs July 6–10
Cost is US$0.053333 per token
The main token sale starts July 17. No percentage bonuses will apply after this date. During the ICO, tokens will cost the equivalent of US$0.059258. Token distribution will begin 14 days after the ICO finishes.
It’s not a popularity contest, but we’re pretty happy with how are follower numbers keep growing:
We’re extremely excited that international tech sector veteran, Keith Teare, has joined the Opu Labs team as our latest blockchain advisor.
Keith will work closely with CEO, Marc Bookman, as well as with the wider team as we begin our ICO activity in earnest.
A British entrepreneur now resident in Silicon Valley, US, Keith needs little introduction. He has founded numerous successful high profile tech companies, including pioneering domain registry, RealNames; Europe’s first ISP, Easynet; and the world’s first internet cafe, Cyberia. He was also a co-founding shareholder of leading digital media news brand, TechCrunch.
Keith currently serves as executive chair at VC firm, Accelerated Digital Ventures, and has advised on a number of successful ICOs — including Crypterium, ICOBox, R_Block, MediChain, and now Opu Labs. He is also an investor in Push Doctor.
He’ll be an asset to our already strong team of blockchain experts, who include Brennan Bennett, Toomas Allmere, Sydney Armani, Naviin Kapoor, Jay Manciocchi, and Martin Lind.
On a recent visit to Palo Alto, our CEO, Marc Bookman, sat down with advisor, Keith Teare, the Executive Chairman of Accelerated Digital Ventures, to discuss and answer questions about skincare, blockchain technology, and how Opu Labs’ ecosystem will disrupt the way in which patients, dermatologists, and product marketers interact.
And the resulting video is a great overview of what we’re doing.
Keith’s natural curiosity proves to be an excellent sounding board for Opu Labs’ aims and ambitions, while Marc’s in-depth knowledge of the platform sees him outline the more practical aspects of the technology; including how tokens can be used, spent, and distributed.
As someone who faced his own skincare issues as a teenager, Keith is overwhelmingly positive about Opu Labs and the ICO:
“I believe this is a really important industry with a lot of customers who really care about good quality service, and I’m excited to be part of the team that’s advising the Opu Labs token sale.”
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For more information about Opu Labs’ ICO, visit: http://ico.opu.ai/
A review of Opu rewards, bonuses, and our distribution model
Things are evolving rapidly here at Opu Labs. As we edge closer towards our token pre-sale on June 26, we wanted to take the time to explain our token economics as clearly as possible.
The latest version of our whitepaper can be found at http://ico.opu.ai/whitepaper. In version 2.2 you’ll find new charts and literature surrounding our Growth Reserve, which we established to maintain a sufficient long-term supply of OPU coins (see below).
Opu Labs has built a distribution model based on a 2% penetration of the online skincare market although our research indicates that up to 30% of skincare consumers are amenable to using an app to help manage their skin health. And given our plans to provide APIs to 3rd party developers, we need to be prepared, which is why we built a Growth Reserve into our plan.
Growth Reserve tokens will be issued primarily for rewards. However they will only be sold when the market cannot satisfy Opu Network demand. This means we will actively buy back tokens from public holders to make them available for purchase on a real-time basis. This supplies the market with liquidity but will not increase the tokens in circulation.
As Opu Wallet adoptions increase, it’s expected that the number of users will quickly outpace the number of traders. However, our model ensures that a sufficient supply of tokens will properly flow into the ecosystem over the course of 5–10 years.
We estimate that roughly one-third of the Growth Reserve tokens exchanged within the Opu Network will be awarded through the Opu Rewards program while the remaining two-thirds will be purchased to fulfill transactions.
The vast majority of our users will be using OPU coins to purchase skincare products and services.
For full details, see Appendix 1 on page 68 of the whitepaper.
Opu Coin Distribution
We’ve put together a detailed forecast for how we see the circulating supply of OPU coins stacking up following the ICO.
At the end of our crowdsale, the circulating supply will consist of well over 90% crowdsale tokens versus less than 10% in Opu Rewards tokens
Team and partner tokens are subject to a one year lock followed by a 12 month vesting period
All ICO and Opu Rewards holders will be encouraged to join the Opu Holding Bonus to further reduce the circulating supply
Growth Reserve tokens will only begin to make their way into the ecosystem after our application is live — one to two quarters following our crowdsale
More detailed graphs surrounding the distribution timeline can be found on pages 76–79 of the whitepaper
Opu Holding Bonus
The Opu Holding Bonus will be used as a reward mechanism for crowdsale participants. We will be allocating a minimum of 220 Million OPU as a bonus to contributors over the course of a 12 month period. During the ICO, whitelisted members can allocate their OPU to the Holding Bonus smart contract in exchange for a monthly bonus, which will be determined by final allocation amounts.
Participants agree to vest their stake for one year in return for monthly payouts
Unsold ICO tokens can be transferred to the Holding Bonus contract
The final bonus pool will be determined after the crowdsale to ensure the bonuses are reasonable to both the team and holding participants
At the end of the one year vest, the entire stake will be returned to the user; along with the 12 monthly bonus rewards
A detailed outline on how to participate in the Opu Holding Bonus will provided in a follow up document during the ICO.
OPUdrop has exceeded expectations with over 30,000 participants and counting! In light of the rapid growth we’re seeing in our Telegram channel, we have reworked the distribution of the Opu Rewards program to match market sentiment.
The team has decided to allocated an additional 15 Million OPU for a continuation of the airdrop program — to be launched during the ICO. In order to reward our early participants, the second airdrop will provide users with a reward of 500 OPU as opposed to the initial 1,000 OPU reward.
In addition to this, all Opu Rewards participants are now eligible to participate in an Opu Rewards Holding Bonus — similar to the of the ICO Holding Bonus. 15 Million Opu has been set aside as a minimum bonus for participants who want to opt-in to this program.
Similarly to the ICO Holding Bonus, Opu Rewards users will vest their stake for one year in exchange for a monthly bonus. At the end of the one year vest, the entire initial stake will have been returned to the user along with the 12 monthly bonus rewards. Users will have the option to contribute to the Holding Bonus or to withdraw to their personal ETH address (found in your opu.ai dashboard) 15 days following the completion of the ICO.
Our Bitcointalk Bounty thread has been relaunched. All participants on our old thread have been accounted for and will be rewarded accordingly.
Our pre-sale set to launch on June 26th. We have over 60,000 people who have created an account with their personal Opu Wallet at Opu.ai. And we have a large and growing whitelist for the ICO itself.
For users who still want contribute to the private sale, please note that KYC and contributions must be completed before June 24th. All whitelisted members have been emailed with a link to complete KYC before being able to participate in the pre-sale starting on June 26th.
We’re delighted to see that our very own dermatology expert, Dr Anna Karp, has been featured in the Blockchain Healthcare Review!
The article is a thought leadership piece in which Dr Karp, a leading New York dermatologist, outlines how doctors can benefit from the use of blockchain technology, and explains how it’s relevant to the global skincare community.
She also talks about her role in training Opu’s AI and sets out the reasons for building a decentralized token-based ecosystem.
On the eve of our Pre-Sale I wanted to reach out to the community and share our story.
The entire Opu Labs initiative has been data driven. Data drove us to focus on product marketing on mobile devices, data drove us to focus on skincare products, and data showed us that there was a problem to be solved in this industry.
Since launching our Opu Coin initiative a few weeks ago, we have built a community of well over 100K people and it keeps on growing. And so we want to apply the same data driven discipline here.
We now have a community with participants from 189 countries with our friends from Vietnam being the largest — Chào mừng! Our members are approximately 20% women — much higher than the average for crypto — a number that’s sure to grow. Also we see that a very large percentage of our community works in financial services or e-commerce industries. So we are engaged with an unbelievably diverse audience who is sophisticated about blockchain and financial technology.
I have been following encrypted digital payment systems since the late ‘90s and have been tracking bitcoin since the early days. In recent years, I have focused on tokens which enable ecosystems and help accelerate commerce. At the peak of the market last November, I should have been happy with the numbers. Actually I was figuratively kicking myself that I hadn’t gotten into certain tokens earlier when I first heard of them! So this led me to start thinking more deeply about what makes a good ICO; and when doing an ICO actually makes sense for a company.
Also last year, I had been advised by several friends that I should be looking into ICOs as a way to grow our business. But given the tokens I had studied, I rejected the idea out of hand as being too much work and still too early. Enter James Hodgman, our Chief Architect and lead developer for Opu Labs. James confided in me that he had also been dabbling in crypto and that he thought we should accelerate plans for our Rewards & Payment system using the blockchain. The timing couldn’t have been better and I agreed to look into it.
A blockchain based financial model is about tokenizing the front-end of your business, as opposed to securitizing the back-end through tedious equity contracts which were created in the 17th century. By tokenizing the front-end and doing a token pre-sale, the company can plan long-term and laser focus on the market without distractions. Our token holders can get liquidity and hold an asset which is both tradeable as well as usable on our network for services. We can reach out to a vast marketplace globally to find potential customers, collaborators, and fans who understand the vision and like the long-term prospects of the token. And we at Opu Labs have committed fully to making Opu Coin a success as a critical component of our Skincare Intelligence platform.
We are extremely grateful to the 100K+ people from just about every U.N. country who have gathered around us at this point. We welcome you, need your support and look forward to your participation! Together — through better data — we will enable Opu to connect consumers to optimal skincare solutions while giving our users control of their personal information.
Please watch our channels for more info on how to participate in the Pre-sale and beyond.
We continue to get great feedback on our whitepaper and tokenomics model. Version 2.2 of our whitepaper has just been published with further details on our token allocation model and plans for a repurchase program.
To satisfy a 2% penetration of the online skincare market and to maintain a sufficient supply of OPU coins, we established a Growth Reserve. Going forward, we believe penetration in the skincare app category can be much higher, possibly even 30%. And with our plans to provide APIs to 3rd party developers, we need to be prepared.
Growth Reserve tokens will be issued primarily for rewards and only sold when the market can’t satisfy Opu Network demand. When tokens are purchased for transactions, opportunities to sell will be first given to public holders.
Further information coming soon in a dedicated tokenomics blog post.