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OpenBiSea 

Auction in a SAFU all-in-one place to cut any NFT deal in a few clicks.Mobile, decentralized, community-owned.

Illustration
Illustration

OpenBiSea 

Auction in a SAFU all-in-one place to cut any NFT deal in a few clicks.Mobile, decentralized, community-owned.

Illustration

14 June 2021

What is an NFT token and how does it work?

NFT tokens were created back in 2013 as a solution to one of the main problems of the cryptocurrency world - the fungibility of tokens. Any record in the blockchain system is considered a token...

What is OpenBiSea

OpenBiSea NFT marketplace is a smart contract, and iOS, Android and web UI app. It's a simple, step-by-step guided solution to buy, sell and make auctions (smart contract based) for NFT. The main core smart contracts are built on the Binance Smart Chain (BSC) and have an Ethereum bridge for NFT assets.
Existing solutions for BSC don't have marketplace opened for any NFT contracts and do not provide transparent auction based on smart contracts.

OpenBiSea's Smart contracts:

The Challenges

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Complicated process of the access to NFT market for investors, influencers, license companies, brands.

This year a crypto investment to NFT gained a lot of interest for non-IT and non-crypto geeks. In 2021 Bitcoin and other crypto tokens has a new all time high price and people like to invest in space. This is a driver to growth NFT follow them.Influencers, license companies, brands - all of them like to publish and sell own NFTs.But most products on the market can’t provide a clear simple user experience. Complicated user flow growth a scary of investors and stop them to invest. Influencers, license companies, brands can't grow in NFT space now for same reasons.

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Absent of profitable, safe and transparent place for second market NFT from any sources.

A top player like OpenSea, NBA Topshot, JuggerWORLD and Treasureland stop creators to list NFT or hide algorithms for auction. And some of them are hiding the fact that your money is still under their control. Any manager, like banks does, can decide to hold your money or list your NFT. It’s not a safe solution for investors and creators. Most of them allow to set price in BNB/ETH or own tokens only, which is unclear for buyers and sellers.

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Ethereum fees and order publication fees are HIGH for both sides

Most NFT markets now launched on Ethereum network, where normal fees are $50. It’s impossible to mass market sales for NFT price $5-$10, where there are huge sales opportunities.

The Solution

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OpenBiSea is First easiest place to invest and manage your NFT

Simple, step-by-step guided solution to buy NFT, sell auction-based purchased NFT and receive simple, investor’s friendly reports. You can set price in USD or BNB and we didn't required to buy OBS token to sell or buy. You can buy with credit card even.

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OpenBiSea is a bridge between Ethereum and Binance Smart Chain

Deployed in Ethereum blockchain bridge smart contract hold Ethereum-based asset and mint the same on Binance smart chain and vise versa. Asset can be a ERC20 token, ERC721,1155 NFT. NTF assets flow is transparent, all processing is automated and results stored in the blockchain. This is a way to trade NFT without high Ethereum fees but with the same ownership value on Ethereum.

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OpenBiSea are opened for everybody to list and start marketing for NFT

Within the OpenBiSea smart contracts and mobile apps, you can simply list your NFT contract and start trade with ZERO FESS. Any interaction with smart contact will go directly, no backend involved. All auctions happen inside smart contracts, where no people are involved.

Why OpenBiSea?

Unique simply mobile apps and smart-contract based AUCTIONS

The existing marketplaces are complicated or can not guarantee the ownership of your assets. With us you can start selling with ZERO FESS.

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The NFT Buyers CAN:

    In few clicks, buy or bid NFT using USD/BUSD/BNB as a payment method directly from the OpenBiSea application
    Check each NFT value, and ensure that NFT will be transferred after purchase
    Сheck an NFT valuation directly from blockchain
    Check investment report (value, growth) at anytime on the OpenBiSea application
    Get an added value with OBS tokens safe, based on the blockchain smart contract logic
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SOCIAL NETWORK INFLUENCERS CAN:

    Add a new revenue stream for monetization their products or brand
    Create NFT for free of charge in few clicks with USD or BNB prices and run a sale/auction campaign
    Rest assured that anyone can purchase at the highest price, and the money will be credited to the wallet account
    Get OBS tokens as added value safe based on blockchain smart contract logic
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LICENSE COMPANIES, WHICH OWN TRADEMARK RIGHTS, CAN: 

    Monetize licenses with new stream, without partnership with manufacturers
    Go to an NFT market smoothly and without employee expenses. It is possible to create a wallet and the OpenBiSea team will perform all actions for you. We need only an Excel file with a title, description, and links to image/video
    Get the highest revenue using auctions with viral attention and use official account inside the market
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BRANDS CAN:

    Create the new loyalty programs with NFT distribution as reward
    Get new and keep old clients with the brand by creating the second market for issued NFT and collection effect
    Collaborate with influencers, mobile games, and other channels to use issued NFT

How OpenBiSea Works

A first front end solution for OpenBiSea is a mobile app and web UI app, where investors, influencers, license companies, brands can purchase or sell some NFT with BNB/BUSD in wallet or credit card. Purchases have two types — auctions or direct sales. You 100% control wallet and ownership with easy to use flow, no need to become a crypto specialist.

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Business model

OpenBiSea team will cut 5% from the amount of NFT purchases and subscription fees for monitor wallets within the app. Any NFT can be whitelisted by team (after review), or 0.888BNB price or 10 OBS from any creator

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Benefits for the Parties

NFT selling processes are difficult and scary in general. If we add a bad UI — it means investors choose non-crypto ways. But they like to be in crypto. OpenBiSea helps non-IT and non-crypto customers to create, sell or invest in NFT in few clicks.

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Target Market Segment and Market Ambitions

According to the NFT Market Report within merely three months, Opensea saw its cumulative sales spike to over $100 million and total $432M. It is our ambitious projection that with a modest 10% market share, OpenBiSea is expected to be able to collect over $40M dollars monthly sales.

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Ethereum <-> BSC BRIDGE

We will develop an Ethereum smart contract, where consumers can lock NFT assets and get minted copy in BSC to trade on OpenBiSea with minimal commissions. On request, anytime final owner can return assets to BSC smart contract and receive locked assets on Ethereum.By that way we create a second market for NFT, which already issued on Ethereum network, but not tradable due a high Ethereum comissions.

OBS Token and OpenBiSea Functionality

OBS token issues for all OpenBiSea platform players who will use the app and invest in OpenBiSea. 90% of issued tokens are placed on smart contract account. Each deal sides can claim part of community OBS tokens to their wallets. This is a way, how platform tokens distributed from project to key people, who create main value of OpenBiSea - active buyers and sellers.

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You can use OBS for:

    Vote governance proposals, change platform or strategy
    add value for your sales/purchases
    decrease platform commissions
    long term value adding

After we will pass a high revenue, each auction creator will require a minimal 1 OBS balance on the wallet to create an NFT auction. This is a way to add value for early platform customers and create more value for all OBS holders

PUBLIC OBS TOKEN SALE

Payment terms and conditions:

    We do not have soft cap, the maximum is 8,888 OBS tokens. 
    The first 888 tokens sold out on private sale with 0.0777BNB start price, not more than 100 OBS to one investor, auction based.
    Rest 8000OBS will be available with purchaseTokens() smart contract function at address
    There is maximum entry limit per one purchase is 30% from leaved tokens per one transaction
    Only BNB BEP20 on BSC are accepted as payment methods
    minimum entry limit is 0.8BNB
    Storage system of collected funds: smart contract with address
    Conversion conditions: initial exchange rate is 0.0888BNB = 1 OBS token
    Curve price formula (bitcoin style): each buyer increases the next price depending from purchased tokens amount, which protects future rate. All rules build in smart contracts. A price growth model available in WP or here

Competition Landscape

On a chart, you can see a closest competitor's analysis chart.

Our team also find on binance smart chain:

    JuggerWORLD
    Twinci
    Treasureland

On Ethereum gaming marketplaces:

    AtomicHub
    SimpleMarket

On Ethereum gaming marketplaces:

    Rabible
    MakersPlace
    Known Origin
    SuperRare
    Cargo
    Mintbase
    Blockparty
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Most of them have similar issues - difficulty and non-transparency. A key buyers and sellers create a billion dollar valuation for competitors, but never receive a benefits from that hard work.In additional, competitors don't allow to sell own NFT, or NFT purchased from other platforms. They don't care about liquidity for purchased NFT.
For Ethereum based projects also a fees issue like $50 per transaction freezes any second market for cheap NFTs, which is 99% of existed supply.

Meet The Team

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Oleksii Vinogradov

Founder, CEO

Serial entrepreneur and investor with twenty-five years of experience. Founder of CFC, Heartln Inc. President/Owner of IXC Softswitch.

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Andriy Mykhailyshyn

CTO

Making innovations & driving company to success. Full Stack Developer / Architect (C/C++, Objective-C, Swift, Java, JavaScript) at CFC, SoftServe, Sigma Software Group.

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Oksana Tsibka

COO

Operations management, finance, consulting. 20+ years of experience in development and project management, launching startup projects, budgeting, development of financial models, fund rising.
Strong Finance & Operation professional with a Senior Executive Master of Business Administration (M.B.A.) focused in Business Administration and Management, General from IMI International Management Institute Switzerland.

Meet The Team

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Oleksii Vinogradov

Founder, CEO

Serial entrepreneur and investor with twenty-five years of experience. Founder of CFC, Heartln Inc. President/Owner of IXC Softswitch.

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Andriy Mykhailyshyn

CTO

Making innovations & driving company to success. Full Stack Developer / Architect (C/C++, Objective-C, Swift, Java, JavaScript) at CFC, SoftServe, Sigma Software Group.

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Oksana Tsibka

COO

Operations management, finance, consulting. 20+ years of experience in development and project management, launching startup projects, budgeting, development of financial models, fund rising. Strong Finance & Operation professional with a Senior Executive Master of Business Administration (M.B.A.) focused in Business Administration and Management, General from IMI International Management Institute Switzerland.

Partners

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Binance. It doesn’t need a lot of words. Top one crypto exchange

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Art Nation, create emotional content 360 degrees around: manage celebrities’ commercial rights, produce blockbusters, publish books with augmented reality (AR), and develop effective loyalty campaigns for retailers.

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Callisto Network helps smart contract developers reduce risk and flaws in their smart contract code. This helps drive the adoption of programmable blockchains to benefit the entire crypto industry.

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CoinMarketCap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.

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