The Obsidian Platform coalesces blockchain and private anonymous messaging and consists therefore of two main parts:
Obsidian Coin is based on the STRAT coin by Stratis, which is in turn based on Bitcoin. Our use of the Stratis C# code base enables us to strategically choose new features as they are tested and proven on the Stratis platform. ODN can also be kept in sync with tested new features from Bitcoin, including features such as the SegWit scaling solution.
The Obsidian Secure Messenger (OSM) is based on so far unpublished prior work of one of our developers who is leading the messaging architecture of our project. It is currently available as a working alpha version which should be available for preview in the coming weeks.
At this point, the ODN coin and the OSM messenger are not yet mature and not linked. The initial scope of this project will be the decentralisation of the messengerƅs storage, making the messaging nodes available for hosting by anyone, providing the nodes an ODN fee per message, and offering light wallet functionality in the OSM messenger client to be able to pay for the traffic produced.
Initial Coin Offering and Distribution
The crowdsale will end when either all 58.8 million coins being offered for exchange are sold for the fixed exchange rate detailed below, or on 26th August 2017 at 03:00 UTC. There will be an initial coin emission of 98 million ODN. Staking rewards in year one are 10% of the initial amount of coins. We plan to reduce or remove the staking reward model once we have gathered additional data about the Obsidian network economy. The exchange rate for ODN coins is fixed at:
After the ICO completes, the total distribution model will be as follows. 50% of the final amount raised in the ICO will be divided into two escrow accounts: