Opair, the “Open and Fair” cryptocurrency platform, has now opened the ICO for its token, XPO.
Founded by Frank H. Rettig, Opair aims to be a cryptocurrency as well as a platform for crowdfunding, Colored Coins, “decentralized debit cards,” private chains, smart contracts, and reputation.
The development team says this project is inspired by Bitcoin and Ethereum. Like them, Opair is open source, and “built from scratch.”
In the interest of fairness, 100 percent of the project’s token will be distributed through the ICO and subsequent mining. The coin will be mined with the Proof of Work algorithm until 9 percent of the supply has been created, after which it will switch to the Proof of Stake algorithm.