Q&A

Welcome to the OPEN Community Q&A section. This space is dedicated to transparency, dialogue, and collective understanding. Here you'll find all questions that have been raised by the community via our Telegram group, organized and answered (when possible) for everyone's benefit.

The questions primarily aim to clarify in an open way:
- What the current status of the Open Ticketing project is.
- How OPEN got to this point.
- Questions about tokeneconomics, income and costs.
- What lies ahead, including opportunities for contribution or support.

We invite everyone to use the Telegram group to ask questions. Please check the website first to see if your question has already been addressed. If not:
-> Provide context when asking your question.
-> Assign a relevant category (e.g. Funding, Governance, Product, etc.).

All meaningful and constructive questions will be documented here. If follow-up questions arise, please continue the discussion in Telegram.

⚠️ In cases where the team is unable to answer due to legal or NDA constraints, this will be transparently communicated. This Q&A is part of our collective effort to support the team, ensure accountability, and build forward together.

Questions

About OfferOnOpen.xyz:

1.
Q: What assumptions are made about the timeline and magnitude of future revenue from partners like CM.com, BookMyShow, or Azerion? 
A: 

2. 
Q: What are the specific performance indicators or milestones that will define the success of this offer (e.g., capital raised, tokens redistributed, runway extended)?
A:

3.
Q:  What exactly does the project takeover entail, in terms of governance, decision-making, and operational control? How will this affect stakeholders and token holders?
A: 

Financials & Funding/Investors

1.
Q: What criteria are most important for next steps and why (e.g., revenue impact, timeline, legal risk, crypto knowledge)? Can you share the rational?
A:  

2.
Q: How long until the team can no longer continue unpaid?
A: Before August at the latest; team already unpaid for some time. 

Follow-up:
Q: How much funding is needed to reach breakeven?
A:  ~$750k needed to reach BEP (break-even point).

Follow-up:
Q: Is there a detailed breakdown of the €750,000 expenditure? What is the current monthly burn-rate?
A:

3A. When will revenue from major clients (e.g., CM.com, Azerion, BookMyShow) be recognized and realized on-chain?
A:
 
3B.
Q: What are the projected revenue streams once the 23 million+ tickets are operational?
A:

4A.
Q: What is the backup plan if the current focus fails? Are there alternative funding (Plan B/C/D) options being considered beyond crypto investments? 
A:

4b. If so, can we help? If not, why focus on one option?

5.
Q: How will the team ensure transparency in financial matters moving forward?
A:

6. 
Q: Has there been an independent audit of the bookkeeping and/or smart contracts?
A: 

7. 
Q: At what revenue threshold does the token gain value organically and is crypto marketing still needed then?
A: 

Products, Customers & Tech

1.
Q: What is the current status for the development of the OPN products/tools: Event Financing, Secondary Market, Integration of new customers, (and can we still expect something of the OPN Pass/Portals)?

A:

2.
Q: What is the current status of the partnerships (e.g., CM.com, Azerion, BookMyShow)?
A:

3A.
Q: Are these partners aware of the recent blog post and concerns?
B:

3B.
Q: Are these deals still active, or are they at risk due to lack of clarity?
A:

4.
Q: Where is the on-chain proof of ticket volume from these partners?
A:

5:
Q: How is the team prioritizing feature development given limited resources?
A:

Chains

1.
Q: For all the daily tickets sold: which chain is/will be used currently?
A:

2.
Q: Can the team confirm whether Sophon or Beam are interested in continuing support?
A; Sophon wanted to continue with team/product but not with the token, which the team refused on moral grounds. 

3.
Q: What is the vesting/cliff period for the tokens Sophon still have? And are there other parties where we can expect this from?
A:

4. 
Q: Is returning to Polygon or another chain still a possibility?
A: 

Community, Communication & Governance

1. 
Q: Why wasn't the community informed earlier about the financial trouble and deal collapse?
A: We couldn't be vocal.

Follow-up:
Q: Can we finally get a proper AMA with all stakeholders to coordinate a rescue or pivot? 
A: 

2.
Q: Who is evaluating and comparing strategic options? Is there a simple decision matrix? How are decisions being made and who has the authority?
A: 

3A.
Q: Can the DAO vote on directional decisions (e.g., funding structure, token usage, new product priorities)?
A:

3B.
Q: What would be required to spin out OPEN as a DAO with actual autonomy? 
B: 

4. 
Q: How do we ensure long-term alignment between the core team, early believers, and new investors?
A:

Team

1.
Q: What is the current composition of the core team?
A:

2. 

The team is currently preparing for EthCC in Cannes. Goal:

Get as many eyes on the OPEN story as possible and speak to as many people as they can — formally or informally — to explore potential partnerships or funding opportunities.

How you can we support in the meanwhile:

• Share their blogpost and investmentpage widely.

• Help set up conversations or casual chats with potential investors, partners, or supporters (during EthCC).

• Telegram any ideas or leads — whether that's VCs, DAOs, angels, grants, or ecosystem opportunities.

We're also collecting funding suggestions from the community: creative models, fundraising strategies, grant options, or Web3-native approaches. No idea is too early or too bold — we want to explore everything.

 Use the Telegram group to contribute! 

Together, we can give OPEN the momentum it needs to move forward — with the community at the core.

Given funding ideas and/or leads: 
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Ongoing chats with further exploring below ideas:
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