OBITS Market Capitalization Achieves $10.05 Million (OBITS) Posted by Dante Gardener | Feb 6th, 2018
OBITS (CURRENCY:OBITS) traded 19.4% lower against the dollar during the one day period ending at 0:00 AM ET on January 29th. During the last seven days, OBITS has traded 42.1% lower against the dollar. OBITS has a total market capitalization of $10.05 million and approximately $77,013.
00 worth of OBITS was traded on exchanges in the last day. One OBITS token can currently be purchased for $0.64 or 0.00010492 BTC on popular exchanges including OpenLedger DEX and Livecoin.
Here’s how similar cryptocurrencies have performed during the last day: Get OBITS alerts: Ripple (XRP) traded down 27.1% against the dollar and now trades at $0.59 or 0.
00009755 BTC. Stellar (XLM) traded 31.9% lower against the dollar and now trades at $0.27 or 0.
00004392 BTC. NEO (NEO) traded down 37.
8% against the dollar and now trades at $66.33 or 0.01090900 BTC. IOTA (MIOTA) traded 28.
2% lower against the dollar and now trades at $1.23 or 0.00020165 BTC. Tether (USDT) traded down 0.4% against the dollar and now trades at $1.00 or 0.00016404 BTC. TRON (TRX) traded down 32.
8% against the dollar and now trades at $0.0256 or 0. 420 BTC. VeChain (VEN) traded down 40.9% against the dollar and now trades at $2.65 or 0.00043561 BTC. Populous (PPT) traded down 41.
1% against the dollar and now trades at $26.56 or 0.
00436824 BTC. Binance Coin (BNB) traded 32.9% lower against the dollar and now trades at $5.60 or 0.00092150 BTC. Status (SNT) traded down 28.
3% against the dollar and now trades at $0.16 or 0.
00002582 BTC.
OBITS Token Profile
OBITS’s launch date was December 1st, 2015. OBITS’s total supply is 15,674,600 tokens. OBITS’s official website is www.obits.io .
The Reddit community for OBITS is /r/OpenLedgerDEX . OBITS’s official Twitter account is @Open_Bits .
According to CryptoCompare, “Obits is more than just a Crypto Currency – it is a token of ownership. Although innovative in its nature, the Obits Tokens were sold off market prior to December 2015 from the creator, CCEDK, and allocation during the Genesis block – after the first of December OBITS is gradually being released onto the market. That said the Crypto Asset/Token is essentially a pathway to gaining exposure to the nascent crypto space. The Obits token denominates ownership in a profit sharing arrangement between various organisations such as Openledger, CCEDK exchange, Biteaser advertising platform & ShareBits. At the time of writing only openledger is actively contributing towards the Obits Token profits.
Please see the technology page to understand more about how openledger profits are generated and used to buyback obits. All transactions made on the platform are verifiable on the blockchain. Any user can therefore audit the profits generated by the company in real time.
Since the blockchain ensures full transparency, unlike conventional banking systems, stakeholders and shareholders will be able to ensure they are not being cheated. This will also add a novel dimension to share trading as it will allow for real time disclosure of Company revenues. The Obits buyback program will occur at regular intervals, just like government bond auctions, with the first in February 2016. The idea is that out of the 18,276,898 issued at launch the profits will then be used to reduce the number of coins in supply – like a traditional stock buyback if the number of shares is reduced then the value of each share will be increase.
The opposite could be true too with dilution taking place if the network of Companies involved decides to add other Companies to its network and justify it with the addition of further OBITS. As it is a essentially a stock crossed with an affiliate agreement depending on the future profits of a group of companies – there is high levels of risk involved.
But again an innovative and novel idea as in most jurisdictions the heavy compliance costs for widows and orphans investments have been bypassed in a crowd funding manner using Crypto Asset Technology based on Bitcoin. “
OBITS Token Trading
OBITS can be bought or sold on these cryptocurrency exchanges: Livecoin and OpenLedger DEX. It is not possible to buy OBITS directly using U.S. dollars. Investors seeking to acquire OBITS must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly.
Investors can then use their newly-acquired Ethereum or Bitcoin to buy OBITS using one of the aforementioned exchanges. Receive News & Ratings for OBITS Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for OBITS and related companies with MarketBeat.com’s FREE daily email newsletter . «.
