After being listed on Binance Spot on September 8, @OpenLedger (token code: $OPEN ) quickly became the focus in the wave of AI + Blockchain. In the first hours of trading, OPEN recorded strong volatility, then gradually entered a more stable exchange phase.

As of September 25, the price of OPEN fluctuated around 0.713 USD, with a 24-hour trading volume reaching 791 million USD, a circulating market cap of approximately 154 million USD with 215.5 million tokens circulating out of a total supply of 1 billion.

Notably, on the listing day, the OPEN price once peaked at 1.85 USD - reflecting the market's clear expectations and competition in the AI and blockchain sector. Binance previously (9/5) announced a distribution mechanism of 1% of the total supply (10 million tokens) as a HODLer Airdrop for users who participated in BNB registration.

Additionally, in the next 6 months, another 15 million OPEN will be distributed. This implementation not only increases initial liquidity but also creates incentives to attract the community in the long term.

Core technology: More than just a traditional oracle

The biggest difference of #OpenLedger lies in its technology orientation: not just stopping at the role of an oracle providing data, but building a closed data - AI ecosystem. Some important pillars include:

  • Datanets: A system that organizes and incentivizes data contributions, allowing the community to participate in validation and mining.

  • ModelFactory: A platform that simplifies the training and deployment of specialized AI models, lowering technical barriers.

  • OpenLoRA: Allows for calling and combining multiple AI models at low cost, optimizing usage efficiency.

  • Proof of Attribution (PoA): A mechanism for recognizing and allocating value on-chain, ensuring that all data contributions and model calls are transparent, retrievable, and accurately priced.

Thanks to this design, OpenLedger addresses inherent bottlenecks in the traditional AI industry: lack of transparent data, hard-to-quantify value, and unfair profit distribution.

Expanding the ecosystem: Aiming for hundreds of millions of users

OpenLedger is showing strategic moves in building practical applications:

  • Collaborating with Trust Wallet: The goal is to bring AI into the electronic wallet experience, allowing users to perform asset operations and DeFi processes using natural language. This opens the door to hundreds of millions of potential users.

  • OpenCircle Fund: An ecosystem fund worth 25 million USD, dedicated to the AI and Web3 developer community, providing capital and technical support to accelerate practical applications.

Thus, the OPEN token not only plays a simple role in governance and gas fees, but is also directly linked to everyday application scenarios.

Risks & Challenges

However, investors need to note a few points:

  • Supply: With a total supply of 1 billion, currently only about 21.55% is in circulation. Future unlocks could create significant supply pressure.

  • Price volatility: The market may experience strong fluctuations in the short term before finding a balanced value.

  • Long-term value depends on three key indicators:

    1. The number of active Datanets and the rate of validated data.

    2. The volume of AI model calls and the PoA payment value.

    3. The growth and retention rate of users in the AI wallet application.

If these three indicators grow steadily, OPEN will gradually escape the 'hype story' and enter a phase of asserting practical value.

Conclusion

OpenLedger is building a model of 'retrievable data - programmable incentives - billable AI calls' that is complete and transparent. With backing from Binance, Trust Wallet, and the ecosystem fund, the project has both capital flow and community expansion potential.

If within the next 6–12 months, OpenLedger can demonstrate value through specific applications, the project has the potential to break away from the common ground of AI+Blockchain projects, transitioning from 'narrative' to practical business.