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Author Topic: [ANN] BitOrb Exchange - Orbyt Token offering updates!  (Read 471 times)
kunkelast
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September 04, 2019, 12:44:07 PM
 #21

Hi everyone. iIs there a video presentation of the project? I just want to get a better understanding of how this concept will work. It's basically the most important thing to me right now.
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BitOrb
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September 13, 2019, 02:42:54 AM
 #22

Do you have a working exchange or just going to launch? Because as I see token sale is ongoing now, but I didnt find link to exchange. When its planned to launch?

Hi Magisterr,

Thank you for your interest in BitOrb. We are currently running our Token Sale and in the last testing stage for our exchange testnet which will be launching in mid-October. The exchange will be going live in December this year. We also will be having a Testnet Trading Competition happening next month so please stay tuned to us.
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September 13, 2019, 03:02:16 AM
 #23

The Origin Story Part 2

“Overcoming fear and loss. Onward, fresh and learned eyes.” — H

Before we embarked on this project, we were involved in initial coin offerings (ICO). We would spend hours going through whitepapers, putting in the time running through our analysis and getting to know the project's prospects. It was the most popular way to make gains back in the day. We took on this new challenge of identifying among hundreds of projects what were good short and medium-term investments.

Entering a market in its infancy armed with little experience was in hindsight not the smartest of strategies. But such is the case when there’s an opportunity, and history has taught us that success stories are made of sterner stuff.

We had invested in a score of them. Most were successful, a few were substantial-stop losses, and a couple more have yet to be listed on exchanges. Then there were those few in the portfolio that had all the capital raised and still had not delivered. Those were the worst. I mean how can a project raise millions and not have anything to show for it?

This crypto winter has not only added fuel to the skeptics, but it has also seeded doubt into the global community. For more than a year, it completely crushed the initial world opening to cryptocurrencies and many still reel from its after-effects. No doubt then, that you read about Orbyt Tokens and have your concerns. Well, that’s why we shared this page in our history with you. Because we know why people invested in projects, how many went all pear-shaped and having to deal with the consequences of those decisions. So if we can learn from those mistakes, take the knowledge that we have now and couple it with that of experience and assessment, we become wiser as such. Once we have learned from the past and cast aside the baggage of failed investments, we can open our eyes and see new opportunities from a fresh perspective.

Some important questions from the public:
Why would the Orbyt Token security token offering (STO) be any different from ICOs?
Why not wait till later to see BitOrb revenues start to increase before getting involved?
Why not purchase tokens after Orbyt Tokens are listed on the spot exchanges?

So let’s address these together. The Orbyt Token is a security token that promises its token holders that any profits (net profit after tax) declared by the entire BitOrb exchange operation is shared to all of them. 20% of the profits has been tokenised to enable token investors who have funded our future marketing and expansion programme to reap rewards for their contribution. Profit share that would otherwise be unavailable anywhere else. The Orbyt Token offers benefits to investors that include trading fee discounts, access to advanced trading tools, and profit share paid out in Bitcoin. As far as we know, and we’ve been around quite a bit in the crypto scene, this combination is a world’s first.

So yes, the Orbyt Token sounds interesting. That said, those who have heard similar stories about exchanges sharing revenue during the ICO days (they end up just distributing more of their tokens or other tokens with low liquidity) would be skeptical of exchange performances since there are up to a thousand crypto exchanges and many hundreds have failed since 2018. There are, however, distinct differences.

BitOrb is a crypto derivatives exchange. There are only a handful of derivatives-focused exchanges in the world. Especially less so for those that offer high leverage. Whilst there is an increasing number of hybrid spot exchanges that offer margin trading as well, their systems are not built to handle high-frequency trading that caters to high leverage and very high volume trading. Some spot exchanges can offer up to 20x leverage. BitOrb offers 100x leverage. Some exchanges we have identified as key competitors likely handle 500–1000 matching order transactions in a second. BitOrb can handle 10,000–100,000 matching order transactions per second. In addition, unlike spot exchanges that are very much dependent on a bull market, derivatives perform two functions (hedging a net wealth position, and trading) that still generate trading volume in a bear market. The daily trading volume for the largest market leader in 2018 averaged USD 2–4 billion per day, with an annual volume that surpassed USD 1 trillion. So when compared to the spot exchange ICOs of the past (where the top 20 spot exchanges volume was not larger than even one derivatives exchange) the BitOrb derivatives exchange is far more likely to generate revenues in a market that is still young and with massive industry potential.

The crypto community is in the “post”-ICO era. Those remaining have experienced the detrimental effects of irresponsible ICO promoters that either abandoned their projects or have delayed delivery of their platforms or products to such an extent, the investors have yet to see even the tokens issued over a year later. Such opportunity costs of having funds locked in for months on end has raised many concerns about new investment projects.

For BitOrb and its Orbyt Token, there is a difference to its proposition: For one, as an investor, you can communicate directly with the BitOrb management and get to know us. Second, it is a chance for investors to gain profit share in a derivatives exchange. No such opportunity exists right now that is transparent and simple; the auditors for BitOrb accounts will be announced soon, and they are one of the top firms in the world. Third, the BitOrb exchange will go live at the end of this year. We will deliver on our promise of launching our exchange by the end of 2019.

The initial phase is to build on our user base and market ourselves as a superior choice for a derivatives platform. In 2020, we plan to declare a profit share. Once the finance department and audit services are able to get a good handle on the accounts, we would like to offer a profit share on a more regular basis, and if possible, as frequent as a monthly declaration. So with all this going on, and our commitment to building the user base and in the interest of protecting investors' interest, we plan to list the Orbyt Token on secondary markets only after we have generated revenues. Since Orbyt Tokens are securitised by profit share, an expected declaration would indicate token prices in the future would be at an expected fair value. The difference is, only at this time, is there an opportunity to get bonuses. For those who see a long term investment with BitOrb, they can see that earning profit share is better than what the conventional financial system offers today. Thus far, our investors see long term gains in prices as the bonus and not the gain, and see the bonus received in profit share as the gain.

Although we are unable to advise you on your investments, you are able to research as much as you can on the future of cryptocurrencies, the financial tools available such as futures, options and warrants, and the financial system. You may come to the same conclusion that BitOrb is indeed an investment worth looking at for now and the future.

Investor Updates:
We’re pleased to announce that there has been an increasing interest from parties wanting to invest USD 10,000 and above. Thank you, and we look forward to meeting your expectations.

Latest News:
We have been given a STABLE rating on icorating.com! This is one of the best rating and review sites in the industry. They have taken the initiative to see our demo and will review the current rating once we have opened the BitOrb exchange testnet for the public to try. This site will continue to monitor our progress and will change the rating appropriately.

BitOrb has been given a rating of “Stable”

We managed to be in the top 15% of new projects reviewed by icorating.com. As we continue our exchange development and the promotion of our STO, we will strive to raise the rating higher in the near future.

Top 15% or Top 40 projects listed on icorating.com today

That’s it for now and thank you so much for investing in Orbyt Tokens!
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September 17, 2019, 04:31:07 AM
Last edit: September 23, 2019, 02:53:02 AM by BitOrb
 #24

“All things change in a dynamic environment. Your effort to remain what you are is what limits you.” 
-  Japanese Puppet Master

We’re only 3 months away from going LIVE with BitOrb.

We’re now in discussions with token investors and exchanges with regards to the listing of the tokens. The plan to issue Orbyt Tokens when BitOrb goes live in December hasn’t changed and will be carried out.

The question now is about listing Orbyt Tokens on the secondary market. The idea was to list on spot exchanges in H1 2020. To provide some context, it was considered and discussed with exchanges that we would list on them after we had generated turnover in Q1 2020. This would have given the token value and thus protect token investors.

It is fortunate then that Orbyt Token investors are looking to hold their token bags for longer periods due to the understanding of the securitized asset of profit share. With the support of these “new” class of crypto investors, we are of the position and are more inclined than ever before to let the market forces decide on the Orbyt Token prices. We trust our platform, and our investors trust us.

Therefore, we are likely to move forward with listing on at least 1 exchange in December, followed by possible listings on more exchanges if the need arises. We will finalize this position before the end of Q3.

On another note, there are requests that we extend our STO sale to the end of November. We are considering this and will announce our decision at a later date.

Exchange Update:

We are glad to announce that we will see the Beta site going LIVE this week! This is great news for investors, analysts and media as they will be able to register and navigate within the BitOrb exchange. The Beta site is a run-up to our major milestone in September; according to our roadmap, we expect to complete the exchange by then. Thus, the Beta site depicts our development progress that we are at in relation to completion, which is just over 50 days from now.

BitOrb Beta site up this week. Open to public!

Marketing Update:

An exclusive report by Cointelegraph has been out! Read here: /BitOrb-CT]http://[Suspicious link removed]/BitOrb-CT

Our exclusive article from Asia Blockchain Review which you can read here: /BitOrb-ABR]http://[Suspicious link removed]/BitOrb-ABR

Thank you so much for investing in Orbyt Tokens. Remember to get your complimentary BitOrb Tee!
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September 23, 2019, 07:56:04 AM
 #25

“Something I learned is to not worry about what I can’t control. But what I can control is my attitude, my effort and my focus every single day” - Tim Tebow.

We now have a team of 25 full and part-time staff across the world.

  • The software developers are crunching out deliverables almost every day as we close in on completion date.
  • The marketing team is pushing out an increasing number of awareness posts through our twitter and telegram channels (both channels are growing at a steady pace), advertising our platform through digital marketing, and content creation through videos and articles.
  • The management has formed new partnerships with individuals and entities to bring forth more investment and traders onto our platform.
    We expect to COMPLETE the exchange in 48 days or less.


Exchange Beta Update:

The Beta version was completed last week and it went live. However, there were still some kinks that needed sorting out, and we have not shared the link as yet. We expect to share the link of the BitOrb Exchange Beta version this week. Investors and supporters will be able to register a temporary account, log in to the exchange and interact with the platform interface.

Traders are highly-encouraged to register. You can provide us with feedback to info@bitorb.com. We look forward to your feedback and to make improvements where applicable.
Traders can use this opportunity to apply for an advisor and market-making roles.

Exchange Testnet Update:

We will be running a few programmes during the testnet phase. These may include the referral programme, bounty hunting and trading competitions. The exact details and dates will be announced by or before October. Once a user is registered in the testnet, the user data will be migrated to the full exchange version in December.

The exchange completion is expected this month. Soon after, the testnet will be launched and everyone who is an investor and/or trader can start registering their accounts.
We expect to have the exchange TESTNET operational in 81 days or less.

Orbyt Token Update:

Orbyt Tokens will be issued in December after BitOrb goes LIVE. You’ll be able to receive your tokens then. These will also include all airdrops, competition, bounty, and referral rewards.

We practice transparency and are pleased to announce that we are looking to list the Orbyt Tokens in December with at least 1 exchange. This week will see the announcement of a Memorandum of Understanding (M.o.U) signed between a spot exchange and BitOrb for a listing of Orbyt Tokens.

In addition, we are currently discussing terms with two other exchanges.

Latest News:

BitOrb is now a registered member of Access. We look forward to participating in events, engaging the community and conducting workshops on bitcoin and derivative products.

You can see member listings here at https://access-my.org/members/.

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