BitOrb – ICO Detailed Information

BitOrb: A New Crypto Derivatives Exchange

BitOrb is an up-and-coming crypto exchange that offers an option for derivatives trading as well as a host of other unique features, like the one called Orchestrator, that can make it potentially luring for investors and traders alike.

General information about the project

What’s interesting about BitOrb is that the team chose the TomoChain blockchain as a foundation for its platform. It is an emerging blockchain, the architecture of which is made of 150 masternodes that operate on the basis of the Proof-of-Stake-Voting (POSV) consensus which allows for really negligible transaction fees and instant confirmation, which is, evidently, a very good feat for a crypto exchange like BitOrb.

The project team is comprised of specialists in the fields of technology, finance, and marketing mostly from Malaysia, though the project is registered in Singapore for obvious regulatory purposes. Naturally, BitOrb features its own token which is called ORBYT, a utility token that provides certain perks related to trading as well as the possibility of acquiring shares in company profits. Right now, the project runs the ICO, hoping to raise more funds required for further platform development.

The BitOrb features

BitOrb comes in the form of derivatives exchange that places a particular emphasis on trading futures contracts of a certain list of cryptocurrencies. At the initial stages of its operations, the exchange will accept and work only with Bitcoin due to regulatory reasons. Once the project aligns with the regulatory framework, it will begin adding other cryptocurrencies, as well as fiat, to its list of accepted payment vehicles.

Evidently, BitOrb aims to become an Asian analog of the CME Group, also known as the Chicago Mercantile Exchange, which is currently one of the few, if not the only, legal entity that provides means for Bitcoin futures & derivatives trading.

But unlike its American rival, BitOrb will be open to all types of traders, providing them with an understandable and customizable interface, a full stack of trading instruments, and the possibility to automate the trading strategy with Orchestrator.

Thanks to Orchestrator, traders will be relieved of the necessity to adapt to the time zones or action periods. Basically, this represents the light-version of the algorithm trading software, which is unobtainable by most traders.

The ORBYT token is the centerpiece of the entire system. Not only does this utility tokens forms the trading pairs, but it also allows for a 30% discount on trading fees as well as a 20% share of profits (available to a selected group of users).

Team members

• Lim Hoong-Teng. The founder and CEO. A serial entrepreneur who has been working in many industries before settling in with blockchain. BitOrb is his first serious crypto project.
• Jeremy Fernandez. The co-founder and CTO. An experienced consultant in the areas of IT strategy and CRM systems. Prior to BitOrb, Fernandez was a managing consultant at Mason Technologies.

ICO details

The token sale of ORBYT is now live and will last until August 30. The project offers a 10% bonus to all those who would participate in the sale before the last day of July. The price of 1 ORBYT is $0.1; the minimum investment limit is established at $100. BitOrb tries to reach the hardcap of $20 million. All investors must get whitelisted and pass KYC. Citizens of Singapore, Malaysia, the United States, and China will not be admitted to the token sale.

Author: Alex Paulson for Crypto-Rating.com