Danish cryptocurrency and blockchain tech trailblazer Ronny Boesing has come a long way since starting out as an entrepreneur selling CDs and video games. Today, he is the incredibly active CEO of his own cryptocurrency exchange, with his OpenLedger platform overseeing some $5 million worth of cryptocurrency trades daily in its fourth year of operation.
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OpenLedger – a History
Even before the cryptocurrency boom in 2017, led by Bitcoin’s incredible run to almost $20,000, Denmark-based OpenLedger had already managed more than $300 million of trades in cryptocurrency and digital assets.
Boesing, who founded the company in 2014 in the same year that Bitcoin suffered its first substantial crash from above $1,000, believes that his persistence in nurturing Bitcoin and cryptocurrency through its difficult years has finally paid off. But he’s not quite done yet – Boesing is adamant that OpenLedger has much potential to fulfill and promises to attain the same success of tech giants such as Apple, Google or Amazon within the next half decade.
In a recent interview with Danish newspaper Boersen, CEO Boesing reflected on the simplicity of his business model:
“I have throughout my life earned my money by bringing products to people all around the world. That is in fact what I still do. The product is just a little different.”
OpenLedger – The Future
Already hinting at a possible partnership with both online marketplace giants Alibaba and Amazon, Boesing is now finalizing a new platform called GetGame for the gaming industry. It will start out as an independent prototype that will lead to the further development of a much more ambitious platform with a suite of toolkits catering to the needs of start-ups and entrepreneurs from all industries.
Its goal will be to serve as a turnkey incubator platform that will enable users to transact with multiple digital currencies on a single decentralized account, while having access to an advanced marketplace allowing for collateral-backed loan options.
Digital transformation expert at Deloitte Digital, Rasmus Winther Moelbjerg, said that there was good reason to bet on OpenLedger should they successfully create trust within its platform and through strategic partnerships.
OpenLedger’s long-term investment strategy sees blockchain technology as a central to success, with its virtually endless list of applications and potential to disrupt any industry.
One of OpenLedger’s unique features is that it offers the flexibility and control of decentralization. Unlike the majority of exchange platforms, in which centralized control means that user funds and accounts are under the control of exchange owners or administrators, OpenLedger users are fully in charge of all activities that take place on their account, and retain full control of their own funds.
Built and operated upon the Bitshares Blockchain MIT Graphene Toolkit Technology, OpenLedger’s users no longer need to store digital assets on their own computers, by converting their currencies into BitShares (BTS) or pegged assets for stability like bitUSD or bit CNY.
Boesing summarizes the service as a crypto gateway opened via the BitShares network to exchange volatile crypto holdings into more stable digital assets as part of an effective hedging strategy while benefiting from secure storage. True to the ideals of decentralization, only users can access their accounts and change their portfolios:
“A decentralized exchange cannot change the ledger, or the registry, that records which kind and how many virtual currencies a user has available.”
OpenLedger also makes use of its own OBITS virtual currency, based on the BitShare blockchain. It can be used as a token and a voucher to be used for payments of certain services and products over the platform or simply held for passive income via fees charged by OpenLedger activity. These fees have been used in a buy back scheme, reducing the circulating OBITS supply by over $2 million since February 2017.
Additionally, OpenLedger’s continuing support towards Initial Token Offerings (ITOs) as an effective crowdfunding tool for new start ups was most recently showcased in the recent token sale of P2P loaning platform Karma. As its PR and marketing partner, OpenLedger helped Karma achieve its hard cap target of $10 million in December 2017. In a matter of weeks, Karma was able to simultaneously launch its platform and list its KRM tokens for open trading on January 11th, 2018.
KRM are now available for trading on OpenLedger in BTC and other OpenLedger-supported currencies including DASH, ETH, DOGE, OBITS, STEEM, bitCNY, btUSD or BTS. Users can access detailed instructions to deposit or withdraw KRM tokens on OpenLedger.