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Obits Price (OBITS)
15,304,286 OBITS
96.31%15,890,500 OBITS
15,304,286 OBITS
Obits OBITS Obits (OBITS) Chart
Obits (OBITS) Return On Investment(ROI)
What is Obits (OBITS)
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 (OBITS) Community
- FaceBook: https://www.facebook.com/OpenLedgerDC/
- Twitter: https://twitter.com/openledgerdc
Obits FAQ
What is the price of Obits token?
CoinCarp does not currently have price data for Obits as it has yet to be listed on any cryptocurrency exchanges (CEX or DEX). Once Obits is live on an exchange, CoinCarp will provide real-time Obits token prices from different exchanges.
Is Obits token a good investment?
It depends on your personal risk tolerance and investment goals. Obits is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Obits investing, you will also need to understand the Obits project's white paper, team background, tokenomics, and the overall market environment.
Where can I buy Obits token token?
CoinCarp's tracking data suggests that the Obits is currently not available for purchase on a cryptocurrency exchange. While you may be able to purchase Obits from other traders through Over-the-Counter (OTC) trading, the risks associated with this method are considerable. We strongly advise you to do your own research and understand the risks involved before engaging in any trading activities for Obits.
How to short Obits token?
According to CoinCarp's tracking data, no crypto exchange yet supports Obits contracts or ETF trading. so you can't short Obits
What will Obits token be worth in 5 years?
It is impossible to predict what Obits will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Obits's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Obits 5 years from now.
OBITS Price Statistics
Obits Price
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Price Change24h
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24h Low / 24h High
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Trading Volume 24h
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Volume/Market cap (24h)
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Market Dominance
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Market Cap
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Fully Diluted Market Cap
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7d Low / 7d High
$0 / $0
30d Low / 30d High
$0 / $0.0304
90d Low / 90d High
$0 / $0.0303
52 Week Low / 52 Week High
$0 / $0.0303
All Time High
$3.99
All Time Low
$0
