We don’t allow video sharing sites on our hosting. So yes, you are violating our policies.
Why do our policies prohibit video sharing sites even if the video files are not stored on our servers? Because uploading videos through a server generates as much, or even more, server load than uploading a video to a server. Media transcoding takes lots of CPU (or, ideally, GPU) power to do so, and a few people processing a few movies could destroy the server performance and cause problems for the many sites we host on a server. We simply cannot let you use so much server power for free.
And that’s ignoring the bandwidth costs of uploading all those videos through our network.
OpenLoad is a movie and TV piracy site. We don’t allow piracy sites on our hosting. That’s not just storing the pirated content on our servers, but also those which support piracy, for example by offering links to pirated content or helping people commit piracy.
So even if you’re not storing the videos on our servers, you’re still violating many of our policies (including the ones which say you’re not allowed to do anything illegal - because you are doing illegal things).