Sign In



Looking for OBITS? Find OBITS Price, Exchanges, Reviews, Chart, Historical Data & OBITS Marketcap




 Rank 1071

 Token   BitShares

Good   Ratings 4/5

$ 0.042849 (-0.09%) 

VOTE:      1 
Buy / Sell Instantly
Exchange cryptocurrency at the best rate

Today OBITS Price: $0.042849 (-0.09%)      OBITS Market & Trading Data

Today Price: $0.042849 (-0.09%) 

Market Cap Current Supply Volume (24h) Price %(1h) Price %(24h) Price %(7d)
$655.78K 15,304,286 $103 -0.09%  0.35%  7.93% 
Market Cap:
Current Supply:
Volume (24h):
Total Supply:
Price %(1h):
Price %(24h):
Price %(7d):

OBITS (OBITS) Ranked 1071 in Coin Market Daddy Currencies Index. OBITS (OBITS) price is $0.042849. It has a current circulating supply of 15,304,286 OBITS and a Marketcap of $655.78K. Today OBITS price is down (-0.09%). $103 worth of OBITS (OBITS) has been traded in the past 24 hours. OBITS (OBITS) currency type is token (BitShares). OBITS trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update OBITS (OBITS) and contribute to CMD Cryptocurrency Encyclopedia.

Cryptocurrency calculator & converter

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 Social & Community Metrics
Good   Ratings 4/5
Share OBITS Metrics
Ping from OBITS

We're honored to publish and share an immensely detailed article by @sjunestrand, an expert in #smartcities, intell…

Reply Now     11     15
19 March, 2019

Real estate has a lot of potential for #blockchain adoption. Transparent deals, effective registries, streamlined r…

Reply Now     0     2
19 March, 2019

Learn how @Microsoft , @Daimler and @jpmorgan are using #blockchain today:

Reply Now     0     0
18 March, 2019

Australia is very close to joining China, Malta, Belarus, and Canada as an official #blockchain adopter.

Reply Now     0     0
18 March, 2019

Although still in its very early stages, IBM’s Q System One will one day have the ability to decipher the code asso…

Reply Now     0     3
17 March, 2019

Different levels of decentralization in cryptocurrency

1 Points     0     Share
20 March, 2019

XMR Gateway Re-enabled

1 Points     0     Share
15 March, 2019

OpenLedger DEX Reviewed by Cryptowisser

2 Points     0     Share
14 March, 2019

XEM Gateway Re-enabled

1 Points     0     Share
13 March, 2019
Get Ping, Alert, New Exchanges information, Updates, Important News
In highly volatile cryptocurrency market when things are not certain

Visitors Registered for OBITS Ping, and still counting...
Share this Page

Recent OBITS (OBITS) Reviews

Helping peoples to know other views before trading or investing in OBITS (OBITS)
Good Over all 4/5 Ratings based on 1 Review



 01 June 2018

Good   Ratings 4/5 is the online home of OBITS tokens. The tokens are hosted on OpenLedger. The goal of the tokens is to allow average users to profit from wild... Read More

Good   Ratings 4/5

OpenLedger Decentralized Autonomous Exchanges Tokens is the online home of OBITS tokens. The tokens are hosted on OpenLedger. The goal of the to... Read More

Current Price
VOTE:      1 
OBITS Social & Community Metrics
Good   Ratings 4/5
Powered by CoinMarketDaddy