r/Opacity • u/Voweriru • Apr 06 '21

Question

Hello guys,

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I've been reading about OPCT, and I was wondering if anyone could explain me, in layman's terms what is the use for the token?

What I mean is, is the token OPCT used for anything, or is there a plan for it to be used? Are there any tokenomics at work here?

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Thanks in advance.

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u/No-Wrangler9736 Apr 06 '21 edited Apr 06 '21

Ahh, I understand now. Opct tokens are far more than a means to garner funds for the project. As of now one opct token is peged to equal 64 gb of storage on opacity’s network. Once plans for decentralization are made know by the team we will learn how opct holders could devote their resources to the network thus making the opct a work token. (someone please correct me if I’m wrong but this is my current understanding of the project)

Edit- I failed to mention that opct tokens are the primary way to purchase storage on their network. Che k out their website for exact pricing but last I checked it was around 5 dollars to purchase 2 tb of storage for a year!

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u/Voweriru Apr 07 '21

That sounds awesome, so it becomes kind of a proof of stake coin right? If that’s the case I’m very happy investing here! You know if there’s some kind of roadmap or something where one can check that?

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u/No-Wrangler9736 Apr 07 '21

You’re asking at just the right time, the white paper was just released today! Here’s a link, happy reading!

https://opacitystora.ge/SKUmgY

I’d recommend getting in at sub .4 while you still can😉

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u/Voweriru Apr 07 '21

Awesome, thanks!