OBITS great token under radar

in cryptocurrency •  10 months ago

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I like profit sharing exchanges and after COSS and BCO, OBITS is one more token that I have bought recently.

What is OBITS?

OBITS is native token of Openledger DEX.

OBITS tokens are hosted on OpenLedger, one of the world’s first truly Decentralized Autonomous Exchanges.
The business of Openledger is based on blockchain technology offered by Bitshares and its code is fully open source for anyone who wants to look further.

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OpenLedger runs its business enforced by code. All decisions at Openledger and OBITS as it's native token, such as profit sharing are pre-encoded into the system.

As OBITS holder you have right to vote for some future changes in OBITS.
Your voting rights are directly proportional to the amount of OBITS you hold. The larger the amount, the more influence you can have upon company decisions.

Current supply of OBITS is 15,674,600 and every month is less and less tokens because half of profit for distribution is used for burning OBITS tokens.
Until today 2,602,298 OBITS were burned.
With burning every month your holding percentage out of total tokens becomes larger. I really like this burning idea.

This video is from obits.io website:

Other half of profit from distribution is payed in bitUSD, Bitshares stable coin that follow USD price.
When profit distribution have started, profit was shared in small pieces of coins that were traded, like most of profit sharing exchanges like Kucoin, COSS and CryptoBridge, but OBITS users have voted and changed this into bitUSD.

I like this type of sharing and it is easier to use this profit and buy something else or convert bitUSD to cash than selling small pieces of many cryptos to cash out.

Receiving small pieces of many cryptos give you chance that some of this coins skyrocket and your profit will rise exponentially but it is harder to sell all and cash out.

This is why I have invested in COSS, BCO and OBITS, each of them have some advantages. Smarter investors than me says that never keep all eggs in one basket...

Nice thing with OBITS is that you don't get only share of profit from Openledger DEX, you get piece of profit from any other business connected with Openledger organisation.

There were and there will be many ICO's that you as OBITS holder will get part of profit from, there will be OCASH crypto card that will also generate profit for OBITS and many other interesting projects.

Founder and creator of Openledger and OBITS is Ronny Boesing, well known name in crypto world and one of Bitcoin pioneers.
I have reached him on Telegram and ask him some questions about investing in OBITS and he answered me same day and he has great friendly approach to me, some unknown guy to him who asked him some questions. Usually those kind of persons(CEO,Founder,etc..) doesn't answer on questions from some ordinary people and I was really pleasantly surprised with him.

Openledger and OBITS are registered in Denmark and they follow all EU laws.

I think that OBITS is a token with a great future for patient people with long term goal.

With OBITS I will conclude with writing about and investing in profit sharing exchanges (three is enough :-))

This is not investment advice, it is only my opinion and if you like OBITS, please do your own research.

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Wow great. I will follow you @cicbar and I did full voye for you. My SP is over 2600.

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Thanks :-)

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That is why I have said that this token is for patient people with long term goal. Long term this model will be successful...

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I like the ideas shared, but how do I become part of OBITS. Please can you elaborate about openledger DEX. Thanks

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You can buy OBITS on Openledger DEX. I will write about OL in the future... if you have Bitshares account you can use all exchanges on Bitshares ecosystem with same account. I love Bitshares.

HI Cicbar we are both Narrative/Coss bro's! quick question all I have to do is hold Obits on the openledger to get my divided payment ? thanks see you on Narrative ! ; )

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Hi mate, nice to see you here 😄 all you have to do is hold Obits on OpenLedger and you gonna receive monthly payments in bitUSD which is great. It is much better to receive payment in one currency than in dust of dozens coins.

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Thanks Mate! Yes good to make the connection!

greeting my friend friend @ erdongan46 me from malaysia want to be your friend whether you want to be my friend

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👍

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Thank you my friend

wow what a great idea. thank you sir for this awesome post. ilove the idea of a profit sharing.. thanks and keep posting a thread like this.

Nicely done

Very informative post. Should i consider making some investment investment in OBITS?

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Thank. For investment you need to make your own decision, I am not financial advisor.

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Thank you very much for your prompt response.

So it is like bridgecoin

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No. You don't need to stake coins to receive profit share and you receive profit not just from the exchange if you hold OBITS. Only similar thing is that they are profit sharing tokens but structure is different...

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Cool: I so going to add this when i make a new list. I made a huge list of all passive income exchanges: https://steemit.com/investing/@sames/passive-income-exchanges

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You wrote very nice article. Never heard of Flyp.me before. You have been followed :-)

A great effort deserves encouragement
Continue to follow you and I hope you will be honored to follow up

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Thanks

Very good, I didn't know anything about obits, but this post has offered me a nice overview. Thanks!

there are things everyone knows. @titanik fallow me

good written

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Thanks :-)

Very good, well written article. I will check it out and make up my mind on whether to invest or not. Thank you!

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Thanks :-)

Hi cicbar, really great info. Do you have any thoughts on Dragonchain DRGN? @cryptosel

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With Disney behind DRGN success is very possible...

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I totally agree! Thanks for the reply!
@cryptosel

Cicbar your posts are becoming better and better

Awesome post! I invite you to visit our blog and vote us back! And of course to enjoy our content :)

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Thanks :-)

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BCOBridgeCoin3.327$-5.42%-10.51%
BITUSDbitUSD1.082$0.41%3.24%
BTCBitcoin8361.230$-0.85%-0.35%
COSSCOSS0.659$-1.14%1.97%
OBITSOBITS0.737$-5.76%-6.21%
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thanks for info.

Will resteem this for near future reference. Thanks for the insider @cicbar

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I am glad if you have found this post useful for you :-)

There is so many coins out there it is really hard to keep up. You have to spend a lot of time it seems learning about them. Unfortunately, I don't have that time so it seems I will miss out on some great opportunity. Thanks for sharing. I will look into this.

Your post had been curated by the @buildawhale & @ipromote team and mentioned here:

https://steemit.com/curation/@buildawhale/buildawhale-curation-digest-02-15-18

Keep up the good work and original content, everyone appreciates it!

Very nice article. I was not aware of this coin. Was not even aware that there are coins which share profit. All coins are usually utility tokens. Thanks for sharing

When you want to Flag them but see their Steem power lol

nice and thank you.... I am also impresed to ypur post......... iam also waiting for your next post iam a new person in steemit thank you
.....

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Thanks :-)

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you are most wellcome...........

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don't mind

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the idea doesn't seem bad, but how they appear and their marketting doesn't really seem professional

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You are right that marketing is bad. With better marketing Openledger would have much higher volume and OBITS would be worth much more...

Guys as you and I both know it's best to get into things early. That's how we got to this point in the first place with crypto in general. Aethia is going to be the next crypto kitties it's just a matter of time. If your not first into these things you lose out on what could possibly be the next big crypto wave!

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Once all signed up join our telegram:
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what kind of page is it? I am afraid for the thing to enter ,, because I am always wary

I like the writing of your article is very interesting people to comment on your article ,,,
I want tips and tricks from you ,, please help

I like your words that are highly motivated ,, I want to ask for tips and tricks
from you how to write interesting ,, please help.
https://steemit.com/dmania/@boyhaqi97/tips-and-tricks-get-the-vote-from-dmania

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You can't write about something popular if you don't know much about that and if you don't like that.
Be patient and try to answer on any normal question to anybody...

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thanks for the advice, i will try better again without having to expect anything from you

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Don't expect anything from anybody, there is two ways to success on Steemit if you are anonymous person, first one is if you have money and you advance with buying SP plus writing good blogs and second if you are patient and hard worker and writing many good blogs and comments.

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I am going to upvote any good post or comment from you...

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yeeah, i also expect that ,,, and i will mengfollow you, and do not forget to come back to me so i help each other

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👍

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I commented on your account because I know you are a very promising person

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thank you for saving you and your spirit ,, I really appreciate it ,,, I've tried to comment in your article, because it's one of the diligent taste of his writing sabar.

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Thanks👍😁

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and do not forget to vote the latest one this ,,, give like and like if you like
https://steemit.com/travel/@boyhaqi97/travel-menuju-puncak-burni-telong-puncak-aceh

Profit sharing exchanges are great if you hold a bunch of their tokens like coss!

this post is really useful to me and i appreciate you @cicbar for bringing this to the fore.

I Want to learn about this please.

there is alot of really good altcoins out there right now, with real future potential and utility! but there is also alot of shit coins coming out, that will soon fall by the wayside!btcpuzzle.jpg I personally think, we will see a huge demand for anonymous type coins like Monero, bytecoin, ect..
Great post, looks like you have been doing your homework!

wow what a great idea. thank you sir for this awesome post.Nice post friends, i upvoted you please upvote me.

Thats idea is amazing, i will buy someone...never keep all eggs in one basket ;-)

@cicbar it was great to hear that such great coin is in its initial stages will research on this and correspondingly decide whether to invest or not

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Thanks 😁

good post thanks for sharing.
plz upvote my post

Lol
Very nice Post!

I follow you...follow me

https://steemit.com/bitcoin/@rudirock/dino-park-game

Hi, hallo @cicbar .. Congratulations to gather in Steemit! Glad to see you join .. do not forget to upvote

I don't think this token will be so successful.

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OBITS success depends directly of Openledger success...

cicbar. Everything I have read about OBITS, says good, original content is king! here rating 10/10 as far as I am concerned!

 Thanks for sharing.
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Thanks

there are things everyone knows. @gordispro fallow me

This post has received a 2.84 % upvote from @boomerang thanks to: @cicbar

Thanks for introducing the idea of OBITS... it is a bit different and I'll have to look into it a bit more to understand it more fully. Thanks again!

Guys please follow back.

😊😊😊

Knowledgable post

This post has received a 1.13 % upvote from @booster thanks to: @cicbar.

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Sneaky Ninja Attack! You have been defended with a 4.20% vote... I was summoned by @cicbar! I have done their bidding and now I will vanish...Whoosh

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Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.

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This post was resteemed by @highvote and received a Upvote

You got a 11.11% upvote from @brupvoter courtesy of @cicbar!

Thank you cicbar for making a transfer to me for an upvote of 1.25% on this post!

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You got a 17.84% upvote from @bid4joy courtesy of @cicbar!

Curious to know about Obits tokens in detail. How much price prediction is in your mind for this token. Will read your upcoming posts @cicbar , followme @abdulemarketer and help me to gain first target of 1000+ followers.

You got a 34.48% upvote from @luckyvotes courtesy of @cicbar!

It is long term strategy to achieve the target goal we have to patient.With more patient more reward...

hello i want 100fallows Pleas help me!

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thank you I follow you too

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thank you I follow you too

Sangat bermanfaat 👍👍👍👍👍

You got a 10.66% upvote from @allaz courtesy of @cicbar!

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This post was resteemed by @steemvote and received a 11.09% Upvote

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You can buy OBITS on Openledger DEX. I will write about OL in the future... if you have Bitshares account you can use all exchanges on Bitshares ecosystem with same account. I love Bitshares.

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Hello, Guys please follow me and i upvote your post

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You have been followed not because you asked but because I see that you trying hard and on your blog you have many interesting articles 👍

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Thank you so much for such good words. yes you are completely right