In just a few weeks from now this February the first and potentially “last buyback” of fledgling cryptocurrency OBITS is expected to occur, whereby an anticipated dividend option will be possible to exercise on the world’s first decentralized financial trading platform, the de facto BitShares 2.0 platform OpenLedger. But with an imminent fiat gateway development around the corner things are poised for a further step up.
According to OBITS issuer and market maker, CCEDK , a Danish crytocurrency exchange, the OBITS crowd sale has so far managed to generate total public sales amounting to around 645 Bitcoin (BTC) – equivalent to around $237,000 (c.€217,000/£166,000) today. This has been spent purely on development costs and enhanced user experience.
The exchange reveals that it is expected that “any future profits made will be utilized primarily as a market maker on platform.”
Specifically, the buyback will take place on the base of a minimum 1 million (m) BitShares (BTS), starting from 10.00am GMT +1 (06.00am EDT) on February 2, 2016. Sell orders are expected to be placed on February 1 2016.
Developments around the first-ever cryptocurrency OBITS based on the profits generated on a decentralized exchange (DEX), which for those that don’t already know is OBITS based on the DEX named OpenLedger , a financial system based on the Bitshares blockchain and its recent launch of next-gen platform BTS 2.0, has certainly garnered a few media column inches since the initiative launched last October.
As a financial system, Openledger was launched by Ronny Boesing, CCEDK’s CEO and founder, in co-operation with Cryptonomex Inc. , an independent US-based blockchain development company run by Dan Larimer and founded by the developers of the BitShares blockchain, utilizing the Graphene tool kit.
Touted as being able to deliver speeds akin to almost that of NASDAQ exchange also allows individuals to set up […]
