Last updated：--
View ChartOpenVPP (OVPP) is a decentralized payment and tokenization layer purpose-built for the global electric utility industry, a sector that processes over $10 trillion in energy bill payments annually. Positioned as the "Internet of Energy" and "rails for the decentralized global electric grid," OpenVPP provides regulatory-compliant, on-chain infrastructure for accounting, usage tracking, and payments tailored to modern energy use cases. The platform enables seamless integration of distributed energy resources (DERs) such as electric vehicles, solar panels, batteries, and smart thermostats, operating 24/7 with stablecoin-based settlement to support machine-automated processes and micropayments. The OVPP token has a capped total supply of 1,000,000,000 tokens and launched on August 21, 2025. OpenVPP 2.0 is now live on the Base blockchain, and the project has introduced OpenVPP World Beta, a dApp that brings vehicles on-chain as Base NFTs, updating the blockchain each time connected vehicles charge or refuel.
OpenVPP is based in San Francisco, CA, and is led by Parth K, CEO and Founder, who previously served as Director of Technical Product Management at AutoGrid (Schneider Electric) and has prior experience at Exelon Corp. The project's advisory board includes Michael G, CEO and Founder of Grid Rails; Kumara A, Digital Innovation at Schneider Electric; Vish V, Programs & Product at Tesla Energy; and Matt K, Founder & Managing Partner at Vanquish Ventures. Additional team members listed on LinkedIn include Parth Kapadia, Azeem Saifi (Fractional CTO and Founder of Block Dexter), and Mohamed Dhia Mnasser (Full Stack). The team combines deep expertise across electric utilities, energy technology, and blockchain development.
OpenVPP operates on a dual-layer settlement architecture. The Base layer serves as the consumer layer, providing fast, low-cost energy settlement for everyday users on Coinbase's secure Ethereum L2. The Arc layer functions as the utility layer, offering enterprise-grade settlement for grid operators, fleet managers, and large-scale energy providers on Circle's Ethereum L1. Three core technical innovations power the platform. First, a bespoke stablecoin payments layer allows utilities to integrate stablecoins into automated smart energy payment flows or wrap them into customized tokens for specific energy use cases via specialized oracles. Second, a decentralized integration layer for DERs acts as a universal routing system, described as a "DNS for DERs," connecting utilities with device providers through standardized APIs without centralized intermediaries. Third, gas abstraction enables seamless customer experience through OAuth-based secure wallet access, a gas sponsor relayer, and user OAuth permissions, allowing users to pay gas fees with either OVPP or a stablecoin. The product flow follows a simple path: sign up, connect device, record to chain, receive rewards, and cash out.
OpenVPP addresses a critical gap in the energy sector by providing the first decentralized on-chain payment layer tailored specifically to the bespoke needs of the energy utility industry. While comparable solutions like Ripple have enabled the rise of on-chain banking, no equivalent infrastructure exists for energy utilities until OpenVPP. The platform transforms legacy systems by replacing expensive aggregators with direct-to-device connections, reducing settlement times from 30-90 days to instant, replacing gift cards with direct-to-bank payments, and substituting centralized off-chain protocols with decentralized on-chain systems built on open standards. OpenVPP enables grid operators to aggregate, dispatch, and compensate the network down to the device level during critical times, creating a global Virtual Power Plant. The platform currently operates over 175,000 devices deployed worldwide, with utilities able to create tailored payment flows specific to unique smart energy use cases, intra-national regions, and international geographies while maintaining a trust layer for financial interactions without centralized security and privacy concerns.
The OVPP token serves multiple functions within the ecosystem. It is used for gas fee payments, enabling transactions across the network with gas abstraction features. Token holders can participate in utility programs, network governance, and voting on platform direction. OVPP is utilized for ecosystem incentives, rewarding stakers, device aggregators, and utilities that join the network. Staking OVPP powers the OpenVPP network and unlocks premium functionality and device reward boosts. The token also facilitates participation in governance decisions and platform development. A portion of the OVPP token supply is allocated to fund incentives for stakers, device aggregators, and utilities. The token supports the broader energy economy by enabling machine-automated processes, micropayments, and stablecoin-based settlement for smart energy applications across consumer and industrial sectors.
The OpenVPP ecosystem is expanding through strategic partnerships and technical milestones. OpenVPP has partnered with a world-leading stablecoin issuer and a multi-billion dollar energy, power and utilities infrastructure provider, both to be announced upon launch, to deliver a complete end-to-end decentralized payment layer. The project is a Circle Grant recipient and was invited to the Arc Mainnet launch on September 16th in NYC, joining the Developer Pre-Show. OpenVPP World Beta is now live, bringing vehicles on-chain as Base NFTs with plans for future charging programs coordinated with electric utilities. The platform offers a Fleet Operator UI for enrolling, grouping, and managing devices with real-time control and dispatch signals. Network activity data shows live device registration, energy settlement, and transaction monitoring. The project has been listed on major platforms including CoinGecko, CoinMarketCap, CoinDesk, and various trading venues, with ongoing migration from an old contract to a new one.
OpenVPP is not mined through traditional proof-of-work mechanisms. Instead, network participation is incentivized through staking. Users can stake OVPP tokens to power the OpenVPP network, unlock premium functionality, and receive device reward boosts. A portion of the OVPP token supply is allocated to fund incentives for stakers, device aggregators, and utilities to join the ecosystem. Device operators can connect eligible devices such as electric vehicles, solar panels, batteries, and smart thermostats to the network, record energy data to the chain, and receive rewards that can be cashed out. The platform's product flow involves simple sign-up, device connection, on-chain recording, reward reception, and cash-out. This staking and device participation model replaces conventional mining, aligning incentives across utilities, device providers, and everyday energy consumers.
Security considerations are paramount when holding OVPP tokens. The token contract has not undergone a formal contract security audit, and Phantom has flagged the token as unverified, advising users to only interact with tokens they trust. Etherscan lists the token reputation as neutral. The project has recently migrated from an old contract to a new one, and the old token is listed separately as "OpenVPP [Old]" on some platforms, so users must verify they are interacting with the correct contract address. Best practices include using hardware wallets for significant holdings, enabling two-factor authentication on exchange accounts, verifying contract addresses before any transaction, and being aware of extreme price volatility, with reported declines exceeding 98% over certain periods. Investors should independently assess their financial capacity and consult professional advisors, as investing in crypto-assets carries significant market risk including potential loss of entire capital.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose OpenVPP products that suit your trading style
Thank you for your interest in BTCC. Currently, spot and futures trading services for OVPP are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of OpenVPP (OVPP) is $0.008785. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated OVPP to USD rate at the top of BTCC’s price page. In terms of market scope, OpenVPP records a 24h trading volume of _24h.292841M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $8.14484M. Its current circulating supply stands at 803.28M out of a maximum supply cap of 1B.
The price volatility of OpenVPP (OVPP) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (803.28M) to max supply (1B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, OpenVPP (OVPP) hit an all-time high (ATH) of $0.286803 on 2025-09-16 22:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000027 on 2025-08-21 20:35. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading OVPP futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (_24h.292841M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s OVPPUSDT perpetual contracts support two-way trading. If you anticipate a price decline for OpenVPP, simply log into your BTCC account with USDT margin available, navigate to the OVPPUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for OVPPUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.008785), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for OVPPUSDT with zero financial risk.
Trading OpenVPP (OVPP) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for OVPPUSDT, and review its live price ($0.008785) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
Bitcoin
Ethereum
Tether USDt
BNB
XRP
Solana
Dogecoin
Cardano
Avalanche