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OBITS OBITS OBITS

OBITS OBITS OBITS

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OBITS

OBITS

 OBITS

 Rank 1071

 Token   BitShares


Good   Ratings 4/5

$ 0.042849 (-0.09%) 

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

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.

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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
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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

OBITS (OBITS)

  Dominick

 01 June 2018

Good   Ratings 4/5

OBITS.io 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

OBITS.io is the online home of OBITS tokens. The tokens are hosted on OpenLedger. The goal of the to... Read More

Current Price
$0.042849
VOTE:      1 
         
OBITS Social & Community Metrics
Good   Ratings 4/5
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