[ANN] BitOrb Exchange - Orbyt Token offering updates!

[BitOrb]

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First Look at BitOrb Exchange Interface

What Can the Exchange do?
BitOrb is a cryptocurrency derivatives exchange that offers Bitcoin and Ethereum perpetual contracts that are bought and sold in Bitcoin. BitOrb users will be able to trade these contracts with up to 100x leverage.

BitOrb is built from the ground up using a modular software design, utilising the best of trading practices and technologies. Architected using a high-performance, low latency technology stack that delivers microsecond performance able to handle throughput of more than 10,000 orders per second on a single server. BitOrb is built to scale and handle the high demands of an online derivatives exchange. This article will explore how BitOrb’s derivitaves is better

The Pricing Structure
Orbyt Token holders who hold a minimum of 100 Orbyt Tokens in their designated Orbyt wallet and have passed our KYC verification will gain the “Preferred Status” — This allows users roughly upto a 30% discount on taker fee, making it one of the most competitive taker fee available in the market.

Preferred Status
Maker fee: +0.025%
Taker fee: -0.0525%

Normal fee
Maker fee: +0.025%
Taker fee: -0.075%

How the different engines on BitOrb work
The back-end servers are where the different engines of BitOrb run. Key processes are run entirely in memory to ensure the fastest possible executions without going to disk.

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First look at the exchange interface and the order form

Risk Engine
The configurable risk engine manages and audits every position on the exchange, providing visibility of all positions on BitOrb at any point in time, with the ability to suspend trading if required.

Liquidation Engine
With a configurable liquidation mechanism to handle any liquidation event, and management of margin requirements for the entire platform .

Matching Engine
BitOrb’s matching engine is built on a low latency high performance stack that delivers micro-second latencies and an expected throughput of ten thousand orders per second to ensure our users will always have access to the system.

Order Book
The configurable order book can build market depth ladders, span multiple cryptocurrencies, and has the capabilities to handle large volumes of inbound and outbound data


What else is new on BitOrb?
1. The Orchestrator — is an easy to use, automated trading strategy maker that is built into BitOrb that assists users in creating automated executable trading strategies. These strategies can be used to take profits and/or to limit losses or even to layer in sophisticated strategies; such as setting trigger points based on common trading indicators or setting cross product orders.

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The Orchestrator interface displayed in BitOrb’s night mode.

Simplified version — While every user and trader has their own personal individual preferences, we are enabling two basic modes for our exchange to cater for three broad categories of users based on their trading experience.

While the professional traders will tend to prefer our traditional exchange interface, the novice and casual traders would love our simplified interface if they prefer to skip the complexities of traditional cryptocurrency derivatives exchanges out there. You can trade cryptocurrency derivatives even if you are completely new to this!

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Simplified Version of the BitOrb Exchange

This article riginally appeared on https://www.bitorb.com/sneak-peak-into-the-bitorb-exchange/

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[JeromeTash]

Thought the white paper is supposed to be available to all the public.
Why do you need our emails to be able download the white paper?

To send unsolicited ICO messages?

[BitOrb]

Thought the white paper is supposed to be available to all the public.
Why do you need our emails to be able download the white paper?

To send unsolicited ICO messages?

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Hi Jerome,

We collect emails so that we are able to send you latest updates on exchange developments and our newsletters. In the interest of customer data protection, we do not share any user's personal information outside the company. If you wish to not receive our promotional emails, you may click "unsubscribe" at the bottom of our emails.

In addition, our whitepaper is available to download without you providing us with your emails through many rating sites such as https://icobench.com/ico/bitorb-exchange and https://icorating.com/ico/bitorb/

Thank you.

[BitOrb]

Let’s get into Orbyt!

We’re all aware of the volatility associated with the cryptocurrency industry in the past which has been visible across the board from the market leaders to the newer projects. Today the debate continues over the used cases for cryptocurrencies and the blockchain technology in general; and the critics continue to ask questions; What is the value behind cryptocurrencies? Is bitcoin really a credible store of value? Is bitcoin even a medium of exchange? I can’t pay for a beer at my local with it. And while all these concerns are not completely dull-witted, there is one thing that is harder to dispute in this space and that is cryptocurrencies used case as a crowd fundraising tool.

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So what is the all the buzz about security tokens?
We believe they are the next wave in the cryptocurrency and token offering space. The key difference between security tokens and “utility tokens” is that the security tokens are backed by an external asset such as revenue or profit or even equity and debt. Security tokens also tend to replicate traditional securities as the name sounds and as a result tend to be regulated under the security law in their relevant jurisdiction — which actually is a good thing for the investors and traders alike as there is regulatory oversight over the company.

BitOrb is proud to have launched our very own security token called the Orbyt Token.
Created by a team of forward-thinkers who understand the market well, the Orbyt Token is a result of combining various innovations and which have yet to be paralleled in the security token market. With our team members’ combined expertise and experience, we are well-placed to take advantage of the opportunities that exist in the derivatives exchange market and the security token market .

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3rd June: BitOrb’s core team sharing a laugh at the launch of www.bitorb.com

So what are the benefits of the Orbyt token?
Firstly, you get 30% discount on trading fees on our soon-to-be-launched derivatives exchange platform, that will make our fee highly competitive compared to other leading crypto derivatives exchanges out there.

Secondly, you get your share of profit when the exchange makes a profit. The profit-sharing figure is audited and is transparent. Plus, you get to enjoy regular updates on the profit share.

All users can enjoy these benefits when they hold at least a minimum of 100 Orbyt Tokens in their Orbyt wallet and complete the relevant KYC/AML check on our exchange. This is known as the “Preferred Status” on our exchange.

What’s more is that the members of the “Preferred Status” get to enjoy access the Orchestrator —
our very own automated strategy maker. You don’t have to be a trading maestro to use the Orchestrator (more on this when our exchange launches).

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At BitOrb, our aim is to be transparent, regulated and intuitive.
We’re safe, secure, fast and simple. We’re all about creating a revolutionary cryptocurrency derivatives exchange and to be the pioneer in the security token market.

Architected using a high-performance, low latency technology stack that delivers microsecond performance able to handle throughput of more than 10,000 orders per second on a single server. BitOrb is built to scale and handle the high demands of an online derivatives exchange.

[babos8383]

I watch this new movement in the stock exchange, I'm very interested in how it works. I can not understand everything at once, but I think the project will be successful.

[BitOrb]

I watch this new movement in the stock exchange, I'm very interested in how it works. I can not understand everything at once, but I think the project will be successful.

Thank you babos8383 do feel free to find out more information by downloading our Whitepaper which you can get on www.bitorb.com

[BitOrb]

The Origin Story Part 1: BitOrb

Welcome to the BitOrb newsletter! This issue records the evolutionary growth of the Exchange by publishing our newsletter online and announcing our entry into the next financial revolution: Cryptocurrencies and Security Token Offerings. Perhaps for most of you reading this, it will be the first time you’ve heard of us… Not surprising since we’ve kept this secret close to our chest for a year!

Issue 15 marks the first newsletter released online and in Medium. As we begin our Security Token Offering in June, we’d like to take some time over the coming weeks to share with you the origin story of BitOrb.

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From monthly newsletters in November 2018, to weekly newsletters in April 2019.

In order to appreciate this in its entirety, we look back to early 2017.

The founders of the project had been involved in 3 different cryptocurrency operations. Hoong-Teng had been mining. Jeremy was trading coins and Umair was investing. Fun fact: Although we had been friends for some time, we didn’t know for months that all of us were involved in the industry. It was only in Q3 2017, did all 3 come together and began discussing the world of blockchain and the trading of cryptocurrencies!

It was on 23 February 2018, when 3 friends became partners and started investing as one in the blockchain industry.
On 7 March, we began diversifying into Masternodes, or Proof-of-Stake blockchain projects.

On 21 April, we began discussing the different possibilities of a new exchange. We found ourselves going one way, but by chance or circumstance, it lead elsewhere! What a twist and we wouldn’t know its impact until months later.
But more on that in the coming newsletters..

Development and Marketing Updates

On 3rd June, we launched STO website 1.0 that allowed interested parties to download the Whitepaper. Website 2.0 is being tested at the moment and will continue into the weekend. Once we’re ready, we’re looking to begin full registration with Know-Your-Customer (KYC) checks on Monday, 17 June.

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Exchange development is currently around the 45–50% mark to completion. We raised sufficient seed funds to complete development and to deploy the BitOrb Exchange for Q4 this year. We expect the exchange to be completed in Q3, where testing will be carried out over a period of two months.

Marketing Roadshow to Seoul (25 June), Hong Kong (27 June) and Tokyo (28 June) has all been confirmed with flights booked and venues too.
Email us: orbyt@bitorb.com if you can meet us then and there!

[konstant111]

this is a great project, I'm still dealing with the exchange how to work with it, where I can find answers to frequently asked questions(FAQ), thank you

[BitOrb]

this is a great project, I'm still dealing with the exchange how to work with it, where I can find answers to frequently asked questions(FAQ), thank you

Hi, konstant111!
If you'd like to get more information in regards to the exchange as well as more information on BitOrb, we'd suggest that you download our whitepaper at www.bitorb.com. If you have any further questions, feel free to join us on our Telegram group at https://t.me/bitorb_orbyt to which we will answer to all your questions.

[BitOrb]

Announcement: Orbyt Protocol

18 June was a big a day for us at BitOrb! We officially announced in the public sphere via social media channels, the partnership with our blockchain technology partner, Tomochain, on the development and issuance of the Orbyt Token. For those who haven’t read the whitepaper, Orbyt is a security token that enables qualified investors (token holders) to benefit from trading fee discount, access to the orchestrator and profit share that’s paid out in Bitcoin. The profit share is linked to the BitOrb Exchange’s profits derived from revenue based on transaction fees.

The announcement was also mirrored by Tomochain in Medium (a popular article app) and can be seen on popular channels. The Orbyt Token will be issued on the new TRC21 protocol by Tomochain.

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Tomochain social media: Twitter . Telegram . Blockfolio

Offer Rating Sites: ICOBench.com

We’re listed on this site with a current rating of 4.1 / 5. That is expected to go up higher once we upload our video to the website next week, and update a few details we were recommended to improve upon.

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The scores achieved in 4 out 5 major classes and the items of consideration.

Overall, we’re pleased to have a good rating to begin with and are already working on another application at another offer rating site. Will share the news when done.

BitOrb: The Exchange Viewing

We’re very pleased to get many requests already on testnet (Exchange completed in Sept; Testnet Oct-Nov) and visuals of the exchange. We’ve got a starting team of 3 UI/UX developers working hard and fast on the concepts we shared with you in the whitepaper.

You can be assured that we will invite STO participants (more details later) to view the Exchange.

[BitOrb]

BitOrb STO registration portal is now LIVE!

BitOrb is pleased to announce that the registration portal for the Orbyt token private sale is now live. Sign up and enjoy up to 10% Bonus Orbyt Tokens now until the end of 31st July. A step-by-step guide through the registration process is available below!

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Homepage for www.bitorb.com, visit now to participate in the Orbyt Token Sale

The registration portal for the Orbyt Token Sale is now live. What this means is that users are now able to create a login, complete a KYC process and purchase Orbyt Tokens.

What do I get if I purchase Orbyt Tokens?

Orbyt Token is a security token that is the native token of the BitOrb Exchange. Orbyt is a first-of-its-kind token that allows its token holders to earn a 20% share of the exchange’s net profit and a 30% discount on trading fees, making it one of the best exchange token value propositions available in the market. You can read more about the Orbyt Token in our whitepaper.

Benefits for joining the Orbyt Token Sale before 31st August;
1. Get 100 Orbyt Token airdrop worth $10, when you create an account and successfully complete and PASS the KYC process.
2. Get up to 7.5% bonus Orbyt Tokens before the end of August 2019.

A step-by-step guide to the BitOrb Token Sale registration Portal

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Whitelist Registration

STEP 1: Whitelist Registration
Fill in your personal particulars such as name, e-mail, phone number and country of residence to find out if you qualify to participate in the Orbyt Token Sale.

You may not be whitelisted if you reside in any one of the jurisdictions that are not allowed to participate in the Orbyt Token Sale due to the restrictions these countries have on token sales. These countries are;
Singapore, Malaysia, United States of America, Belarus, Balkans, Burma, Côte d’Ivoire, Cuba, Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, Zimbabwe.

In some cases, exemptions may be available to some accredited investors or sophisticated investors. Reach out to us to find out if you qualify for the exemptions by contacting us via email or chatting on Telegram.

If you have been successfully whitelisted, you will receive an email which will allow you to activate your account. Click on “activate account” and finish the account setting process by setting a password.

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E-Mail received upon successful whitelisting

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Creation of password screen

STEP 2: KYC Process
Here you will need to provide a government issued ID, passport or driving license for us to conduct some checks on your identity and authenticity of your documents. Our KYC are powered by Onfido.

For the KYC process, you will need to;
1. Fill in your particulars such as name, date of birth and gender as per your government issued document.
2. Fill in your current address of residence.
3. Attach a copy of the government issued document.

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Step 1 of the KYC Process: Fill in your particulars

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Step 2 of the KYC Process: Fill in your address and attach the relevant document

Once you have submitted your documents, you will see the screen below while the documents are checked. Document checks may take up to 10 minutes. At this point you may log out and once the checks are completed, you will receive an email from us.

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KYC pending screen

Upon the KYC approval, you will see the following message on your screen.
We will send you an email to confirm that you have passed the KYC check. You will also get 100 Orbyt Tokens airdrop for completing this process. The Airdrop will only be disbursed into your BitOrb exchange wallet upon the launch of the exchange.

If you failed the KYC process you can reach out to us via email or chatting on Telegram.

Common reasons for failure of KYC is due to quality of the image, if you provided a poor quality image, you may try again.

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KYC approved Screen

STEP 3 : Wallet creation and Token Sale creation
On this screen you will be able to contribute towards the Orbyt Token Sale. Please follow these steps;
1. Choose between BTC or ETH as your preferred choice for your contribution. The USD/BTC and USD/ETH rates are derived from Coinbase spot rates.
2. Fill in YOUR BTC and ETH that you will use to send your contribution
3. Insert the amount of your contribution in either USD or your preferred cryptocurrency and the calculator will calculate how many Orbyt Tokens you will receive including your bonuses.

Bonuses are available as per the schedule in the image below. Please note that a minimum amount eligible for bonuses is at least 5000 Orbyt tokens or USD 500.

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Contribution screen

After completing the steps above, a wallet address will be created for you to transfer your funds to BitOrb’s Cold wallet. Please note that BitOrb does not store any token sale funds online, all funds are transferred into a custodial wallet provided by Bitgo.

Please copy the address below and proceed to your BTC or ETH wallet to perform the transaction. After you have sent the transaction from your wallet, click “I’ve done the transaction.”

Please note that you will require the Transaction ID (txid) for the next step.

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Unique wallet address is generated for each user to transfer funds.

STEP 4: Getting confirmation of your transaction

After completing the steps above, you will be led to the following screen. Enter the txid for the transaction and the BTC/ETH address you used to complete the transaction and click “Submit.”

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Enter Transaction ID here to track your transaction

After clicking submit, your transaction will be pending until it is confirmed on the blockchain. Upon the confirmation of the transaction on the BTC or ETH blockchain, you will see the “ Transaction Success” page with a summary of your contribution.

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Transaction Pending & Success screens

NEXT STEPS…
Do note that after you have completed the transaction, you will have successfully participated in our token sale and you will receive an email with the details of your contribution.

The Tokens will be released upon the launch of the exchange and directly credited into your Orbyt Token wallet on the exchange. Please follow us on our social media channels to get the latest updates on the release of the exchange and Orbyt Tokens. Timeline of the exchange release can also be found on our website and the whitepaper

After the completion of your contribution, if you have any further questions please do not hesitate to reach out via email or chatting on Telegram.

[BitOrb]

TomoChain — BitOrb Partnership Announcement

Welcome BitOrb to TomoChain’s partner network!

BitOrb is an innovative cryptocurrency derivatives exchange with micro-second latency for high frequency trading and the most competitive fee structure amongst its peers, featuring Orbyt, the native security token of the BitOrb Exchange. The Orbyt Token is made to provide its token holders one of the best value propositions available in the market, which includes discount on trading fee and a share of the company’s net profit. The profit share will be paid out in Bitcoin. BitOrb also introduces a first-of-its-kind feature — The Orchestrator, an advanced automated trading tool giving traders the ability to trade 24/7.

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This is where TomoChain comes in. TomoChain public blockchain provides BitOrb an innovative scalability solution that offers; instantaneous and seamless transactions, various security features and nearly-zero fee. In addition, as BitOrb’s technology partner, TomoChain will assist in exploring and utilizing the range of TomoChain products. Specifically, they can easily issue Orbyt Tokens as TRC21 tokens on TomoChain via the TomoZ protocol, allowing users to pay transaction fees for a small amount of Orbyt Tokens. TomoWallet team is currently advising on the development of the Orbyt Wallet, that promises a secure mobile wallet for token holders
Furthermore, we will collaborate with BitOrb in marketing campaigns and events to promote both projects to define our footprints in the blockchain business.

Long Vuong, TomoChain CEO said:
“We are glad to work with BitOrb to issue their Orbyt Token on TomoChain, as well as assist them to build a trustful, user-friendly wallet for the traders. This partnership is highly aligned with our next milestones of launching TomoX and TomoZ, and our long term strategy of becoming the most efficient blockchain for the token economy. With this partnership, the community will greatly benefit from a combination of a clever business model by BitOrb and high performing technical solutions by TomoChain.”
BitOrb partners with BitGo to secure all their digital assets. BitGo is trusted by other crypto exchanges such as Kraken, BitStamp and Nexo. BitOrb is also partnered with Onfido to ensure with the highest standards of KYC and AML global compliance standards. Onfido is also trusted by Coinbase, HSBC, TransferWise and Bittrex.

Lim Hoong-Teng, BitOrb Ceo & Co-founder shared:
“After initiating discussions with the TomoChain team back in January, BitOrb is very excited to officially announce TomoChain as our blockchain partner for the issuance of Orbyt Tokens. After evaluating a few options, TomoChain clearly stood out from its competitors, mainly because of; the security and efficiency of the Tomo blockchain and the upcoming TRC21 protocol which will make it easier for our users to transact Orbyt Tokens. The BitOrb team continues to enjoy a fruitful engagement with the TomoChain team, and we see a bright future ahead- So people, Let’s get into Orbyt!”

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[BitOrb]

JULY 1st was the day we began accepting online registrations from around the world. According to Google Analytics, we found most of the net traffic coming through to our full website (or abridged versions for restricted jurisdictions) were from:

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Highest visitor numbers over the last 7 days to BitOrb.com

The duration that a unique and first time visitor spends on the landing page is currently around 1 min 31s. Although that is barely sufficient time to go through the website home page material, we are confident that the site is proving useful for visitors as the trend has been rising from before and the fact that most STO participants will be downloading the Whitepaper if they are interested to know more in depth.

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Last 7 Days chart for Visitor Duration at the homepage.

An Update: Exchange Development

We’ve been making progress on our exchange back-end development. As you are aware, derivative models are extremely complex to create and part of the complexity is attributed to latency (“speed” at which information is updated), risk management (ensuring the order books have sufficient liquidity and margins to accommodate for ordered transactions), and ensuring high-frequency trading and up to 100x leveraged trading is catered to in a volatile market.

Many hybrid exchanges can only cater to 2–5x leverage for users. Some new announcements by established exchanges have started looking at up to 20x leverage. BitOrb will do up to 100x when it launches end of this year. The exchange will enable users to deposit BTC and ETH into their exchange wallets. This will allow users to purchase contracts for BTC using BTC, and contracts for ETH, using ETH. This is extremely useful for miners, traders and high-net worth institutions / individuals, to hedge themselves in respective currencies or trade more easily in their own respective base currencies.

The exchange is expected to be completed in September, with testing going into October and November. Currently, the exchange is at 60% completion.

An Update: Marketing Development & Airdrops!

Our newest addition to the BitOrb marketing team is a bright young lady named Virginie. Together with the CMO, she will be developing marketing strategies and managing our online campaigns throughout the duration of the STO. You can also find her on our Telegram channel. Welcome to BitOrb!

In celebration of our registration portal launching in July, we are also sharing this milestone with everybody out there who comes to the website, register, and complete their KYC documentation checks. By doing so they will be able to receive 100 Orbyt Tokens which they will receive when the exchange goes LIVE by December! All qualified investors for the STO will also receive this airdrop of 100 Orbyt tokens!

We share with participants why they should invest in us right now:

Team and Technology. You are an investor, and you don’t have the time to learn everything about the investments you’re involved in.

So if you’re going to put your hard earned capital in a business, you should be able to trust the team to plan, deliver and manage as best as they can.

Target. This is a global reach business model. The derivatives market for cryptocurrency and digital assets is very much at its infancy at “mere” trillions now. The headroom for growth is exponential with the unlocking of more assets in the coming years and the eventual maturity of the cryptocurrency industry.

Timing. The BitOrb team did a few things worth mentioning in the early days. We started building a project in a bear market. In order to catch the wave, you have to start swimming hard before it arrives. We expected the project to take at least a year and half to deploy, and so we have planned it for the coming Bitcoin halving event in 2020. To be ready, we needed to be operational before the end of 2019. Timing is everything, and we are sticking to the schedule.

So if you’re looking to get some tokens, find out as much as you can about BitOrb by visiting our website, reading the whitepaper, following the social media channels and engaging our growing community.

[BitOrb]

THE BALL IS ROLLING AND IS GAINING SPEED

“Once the idea of Bitcoin has taken root in you, it just grows more and more.”

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A page from our token investor deck

In 2013, in the span of 12 months, Bitcoin prices went from USD 10 to USD 1,000. After 3 years and a bitcoin halving event (rewards for miners supporting the decentralized ledger technology of bitcoin was reduced to 12.5 BTC per block), we arrived in another unbelievable (yet true!) meteoric rise of Bitcoin valuation. By the end of 2017, and also in a span of 12 months, Bitcoin prices went from USD 1,000 to USD 20,000.

In 2020, we will see many catalytic events for cryptocurrencies and the token segment with Bitcoin going through its next halving event, the Japan Olympics (in Japan, BTC is legal tender) and the introduction of major crypto offerings such as Facebook’s new cryptocurrency and many others.

It is an exciting time to be in this space. And we live in a whole new space. To appreciate how far we have come and to prepare for how fast things will change in the coming years, we should look back to history. Let’s put some perspective. Let us formulate our own insights with these startling points.

“We cannot predict the future, but we can look back and learn from the past.”

The written word has been around for approximately 5,000 years; since the Bronze Age.

• Then the printing on cloth came about 2,000 years ago in China, a 1,000 years later we started mass printing and books.
• It took almost 900 years after to get the electrical telegraph, where signals could be sent over long distances.
• In the next 100 years we saw the arrival of the telephone. The world was now connected with live communication.
• It took another 50 years before we saw the introduction of mass production color TVs in the 1950s.
• Add another 50 years and at the end of the 20th century, we finally got to the internet protocol and email. Signboards turned into websites, and the world became super-connected.

In the last 20 years, we have experienced the introduction of what is a new age for mankind which can be summed up in these words: hyper-connectivity and disruptive technologies.

Technology has always been useful to us. Now, it is part of us. The most important questions being asked around the world now revolve around how we live. Generations entering the workspace in the 21st century generally don’t accept the way things are. We use technology to enable smarter homes, cars, and planes. The world is introducing technologies so advanced that there are medical surgeries carried out over the internet and orbital flights to future space hotels being offered. And of course, in January 2009, the first Bitcoin was mined.

The next 20 years will be enormously different in the way we live our lives.

In a world where everyone is expected to be connected via hyper-devices by 2030+, access to everything will be the dawn of a new age. Artificial Intelligence (AI), Augmented Reality (AR) and Blockchain will be the new norm. If we were, to sum up how these will be utilized (but not seen) and not necessarily exclusive to one another:

• Hyper-fast automated intelligent service providers for everything in an advanced economy through AI.
• Hyper-devices, now we have super-apps, eventually we’ll see a revolution in access through AR.
• Hyper-financing: the opening up of the world’s economy through borderless transactions and the raising of funds on a truly global scale through Blockchain.

In our next newsletter, we’ll talk about the differences between the ICO days, and the coming wave of fundraising that we ourselves are conducting. Hyper-financing is upon us.

Marketing of the Security Token Offering.

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Digital banner ad for an awareness campaign

We believe in the Power of 3 (BitOrb the exchange + Orbyt Tokens + Orchestrator) and we want to make aware of our offers to the world as best as we can. We have multiple strategies as mentioned before, but for those who are new to us, they include:

1) Digital Advertising through Facebook, Google, and programmatic Ads. This strategy also includes the development of our social media presence and although modest at this time, is gaining momentum on a daily basis.

2) Crypto Hedge Funds and Broker-Dealers. We are already in talks with serious parties who want to represent the BitOrb STO in their respective countries or regions. We are very pleased to share with you that we have a signed Memorandum of Understanding (MoU) for an independent crypto trading entity to invest a minimum of USD 5m or more by September. This MoU signed recently is a testament to the value proposition we are providing to investors looking for the next big wave to ride on.

3) Roadshows around the world and recommendations via current investors to more interested parties is an ongoing effort to raise awareness of the opportunity for token holders to benefit from participating in a fast-growing multi-trillion dollar industry. We are very happy to meet interested parties in person and more than able to accommodate late nights for online meetings with groups anywhere in the world.

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Digital banners such as these are popping up globally (added focus in some countries) with a clear objective of promoting the Security Token Offering. As we enter the second half of July, we are pleased to see more inquiries for tokens. Early morning and late-night phone calls, coupled with weekend online meetings are now becoming the norm for us. We love it!

Announcement: Airdrops are now available!

We are pleased to announce Airdrops for ALL who sign up at our website and pass KYC (Know-Your-Customer) checks. This campaign will be ongoing until “stocks” last. 100 Orbyt Tokens and KYC approval is the minimum an Orbyt Token holder must have in order to reap the benefits of a Preferred Status member of the BitOrb exchange. That entitlement is given in the form of trading fee discount + access to the Orchestrator + profit share paid out in Bitcoin. Note: Traders can trade on BitOrb without having to go through KYC. Having Preferred Status enables traders to enjoy more benefits.

Announcement: the BitOrb private testnet is now online!

Previously, demonstrations of BitOrb has been via the developer’s backend interface. Just this weekend we presented to a group of private individuals from the USA, the BitOrb private testnet. This testnet is literally the exchange in constant development which includes the front-end interfaces. So with our UI/UX softdevs working full-time on the project, we expect significant progress on the user interface over the next few weeks and more, until the completion of the exchange in September. Investors or interested parties (just send us an email after you have done your KYC) are more than welcome to request for a demo of both the developer demo and testnet.

Announcement: BitOrb.com v3.0 has been launched!

Yeah, we’re all about continuous improvement 😉

https://i.ibb.co/D5gnnWW/4-5.png

This website landing page awaits the world of investors

Grab your allocation for our Airdrop today. Get Whitelisted and pass KYC for 100 Orbyt Tokens!

Contact us today: info@bitorb.com to find out how you can qualify for even more than 7.5% bonus allocation when investing in our STO. Early bird requests are welcomed!

[cripti7]

How many programmers are in your projcet at the moment?

[BitOrb]

How many programmers are in your projcet at the moment?

Hi cripti7,
Our current Tech team is consist of 7 members currently.

[BitOrb]

50 YEARS AGO THIS WEEK, THE WORLD WITNESSED THE MOON LANDING.

“Now we witness the launch of BitOrb into the social media space.”

[/i]

Referencing that historic space mission, our social media presence has grown by leaps and bounds in the same number of days it took to get Apollo 11 from the Earth to the moon. In this early phase of our 360-degree approach to marketing, we are focusing on the Telegram and Twitter channels. Other channels will be developed at a later stage. We were expecting the numbers to trickle in as we began our first steps into the digital campaign. Instead in 3 days, we got a big and pleasant surprise!

https://i.ibb.co/hVtcn04/1-cqjp-Dl-TOk-Ml-Z-5c-Sxfgkqw.png

The most popular channels for crypto projects grew from a few to more than 1000 in just a few days!

The BitOrb Team would like to extend a real big shout-out to our supporters and thanking them all for registering on our website whilst liking and sharing our news to others around the world!

REGISTRATION: GETTING IT DONE WELL AND GOOD
Some of you experienced a delay in getting your email confirmations and KYC done which usually takes less than 10 mins. Most delays were as a result of poor quality pictures uploaded or the size of the pictures were too big with possibly very slow internet speeds.

https://i.ibb.co/WBk1CFL/1-9-YRSxywnq-YHc-WSi-CT-r-D5g.png

Delayed or rejected KYC checks can also be due to old or torn documents

We take our Know-Your-Customer checks seriously. As a security token and an exchange that is pro-regulations, we have gone above and beyond the usual industry norm of performing these checks; as is expected of the regulators.

Therefore, all KYC checks carried out in BitOrb cover the following:

Documentation authenticity (standard check), Data validation (standard check), Police record (additional check), Social media (additional check), Sanctions (additional check), Politically Exposed Persons (additional check), Global Watch list for Fraud, Murder and/or Terrorism (additional check)

https://i.ibb.co/sytj04n/1-s-Cq5e-Xx-COVri-Al-ULAlj-Ecg.png
More than 50 points of interest are under scrutiny during document checks

https://i.ibb.co/HPnqcjh/1-2-Y3-Wtes-XKi6-Wi1-Wjd-D6uiw.png
A global watch list report on every registration

Some will not pass our stringent identity checks due to the extent we have gone to in implementing KYC for all our investors. As a result, applicants should understand that it does take a little longer than normal to get their application approved. We would also like to point out that we have seen many files that are unnecessarily large in size or old, damaged or torn. If they are being sent via low internet connection speeds, it can cause even more delays in processing. Please keep files to less than 1 megabyte in size.

https://i.ibb.co/19f42K2/1-O-ncy-W6y-H-Zir-NLVPn2rww.png
Screenshot from the KYC, AML, and Watchlist checks carried out and completed thus far

We are encouraged by the fact that more and more registrations are coming in regularly and by the time we launch this exchange, we can prepare for and anticipate a decent portion of supporters will also be users of the exchange. This influx and our commitment to grow the subscriber base to many thousands is an indicator that we are on the right path to achieve what we have set out to do.

LATEST UPDATES:
1) We already submitted our exchange license application for our base of operations in Mauritius. Getting a license is a stringent process. Besides the need for processes and safeties to be in place, the application requires clear and concise understanding of the operations by the regulators. We will update as and when we have more details in the coming months.
2) We have appointed a 3rd reputable law firm (Singapore and New York before this) for a new jurisdiction, and are proceeding with the first steps in an application for a local crypto derivatives exchange license as part of our mandate. As resources permit, we will endeavor concurrently to apply in more nations.
3) We have confirmed two articles for Asiablockchainreview.com and another for Cointelegraph.com. Both articles are expected to be published before the end of July or by early August.
4) We are expecting the review process of icorating.com to be completed by this week. It has taken about a month to get here, but we were pleased with the manner in which they conducted their analysis and the due diligence taken to talk to us over the phone and clarify key points. Expect an announcement soon in BitOrb social media when they have published their findings.

INVESTOR OPTIONS:
We have more investor bonus token allocations for those investing in amounts larger than USD 10,000. You are encouraged to email us after you have completed your registration and KYC if you are interested to participate in a bigger way.

All investors who invest more than USD 1,000 are entitled to the official BitOrb sky-blue T-shirt posted to you directly anywhere in the world!

One item per investor and the usual terms and conditions apply.

OTHER ITEMS IN PROGRESS:
There are other items of import happening in the background, and these include:

1) Exploring options for an AMA with a very large youtube influencer. We should have confirmed our choice before the end of this July.
2) Confirming at least one broker-dealer crypto-experienced partnership, to represent BitOrb fundraising interests in their respective regions of the world.

That’s it for now and thank you so much for investing in Orbyt Tokens!

[notblox1]

@BitOrb
Maybe consider to buy copper membership here so you can post images
and move this to proper section, like service ANN... this has nothing to do with Altcoins...

[BitOrb]

@BitOrb
Maybe consider to buy copper membership here so you can post images
and move this to proper section, like service ANN... this has nothing to do with Altcoins...

Hi Notblox1, that is actually a very good idea. Thank you for the suggestion.

[magisterr]

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?