Today, let us take a deep dive into OpenLedger and its native token OPEN.@OpenLedger

1. OpenLedger Project Introduction

In terms of technical architecture, OpenLedger is created based on the OP Stack rollup and is provided by AltLayer as Rollup-as-a-Service. This setup follows the same bridging system as Optimism, such as OptimismPortal, Standard Bridges, CrossDomainMessenger, etc. This is secure and stable for users familiar with OP-based L2.

2. Purpose of OPEN Token Gas Fees and Transaction Fees: As the native token of the OpenLedger L2 network, OPEN$ is used to pay for all transactions and smart contract execution fees on the network. Whenever operations are conducted on this network, OPEN is needed to pay the Gas fees.

3. Governance Function: Token holders can participate in platform governance through the modular Governor architecture. Whether it is protocol upgrades, adjustments to reward policies, or the formulation of new incentive mechanisms, holders have voting rights, thus influencing the platform's development direction.

4. Payment and Settlement: In the OpenLedger ecosystem, OPEN acts as the main currency for AI dApps, agents, and trading markets, enabling smooth value exchanges among participants.

3. Unique Advantages of OpenLedger. Strong Background Support$OPEN

In the early stages of the project, OpenLedger received $8 million in seed funding from Polychain and Borderless, along with support from well-known angel investors such as Sreeram Kannan of EigenLabs, former Coinbase CTO Balaji Srinivasan, and Polygon co-founder Sandeep Nailwal, showing strong growth momentum.

A massive user base and market validation. Before the official launch, the OpenLedger testnet attracted over 1.1 million users, generating 25 million transactions, fully proving the high compatibility between its products and the market, laying a solid user foundation for the post-launch popularity.

OpenLedger (OPEN) has opened up a new path for the integration of AI and blockchain development, and the future is full of infinite possibilities. Let us wait and see!