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Price predictions

Orbs – ICO Detailed Information


ICO Orbs
Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start July 1, 2019
End September 30, 2019
Rating 4.2
Status
KYC Yes
Founded 2019
Categories Infrastructure
Platform Ethereum
Token ORBS
Soft cap $30 000 000
Hard cap $133 000 000
Minimum investment 1 ORBS
Accepting ETH, BTC, Fiat
Whitepaper Yes
Discussion
Countries Israel
Social

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Orbs Overview

ICO description, Technical Details and Documents

Ever since it came to be, Ethereum was viewed as one of the most important crypto/blockchain projects in the industry. It shifted the gaze from the cryptocurrency towards the blockchain, and it started the trend that kept unlocking blockchain's full potential ever since. Thanks to Ethereum, the crypto and blockchain industries are now focusing on new use cases, dApp development, smart contract usage, and more.

Of course, for all the good it brought to the industry, Ethereum does have its fair share of flaws and issues. It has high fees, and it is only a bit faster than Bitcoin, which still makes it way too slow to meet the demands of the modern day crypto industry. This does not only bring a negative impact on ETH-based transactions, but also on dApp usage and development, as many of them constantly use microtransactions that tend to take a long time to be processed.

While many projects started offering similar benefits as Ethereum in the last few years — most of them being significantly improved — there are some projects that aim to build on top of Ethereum and help resolve its issues. One such project is Orbs.

About Orbs


Orbs is a project that aims to bring consumer-scale to Ethereum assets. It is a public blockchain that has a goal to act as a production layer that would complement ETH. In other words, by adopting Orbs and Ethereum at the same time, dApps would be able to make use of the best from both of these chains. They would see much higher security, liquidity, and ecosystem integration. At the same time, they would have lower fees, a sustainable fee structure, and production-ready scalability.

The combination of the two chains and their features comes as the optimal solution that would allow apps with millions of users to start adopting blockchain with more ease. Many have speculated that eliminating Ethereum's problems, and using its popularity and quality would be all it takes for some of its dApps to go mainstream, which is what Orbs plans to contribute to.

The project managed to develop two game-changing technologies to achieve this — Randomised PoS, and Virtual Chains. Virtual Chains are intelligent sharding, and they can optimize usage by allocating one lane per app, instead of randomly splitting traffic. As for Randomized Proof-of-Stake (rPoS), this consensus would allow greater security and decentralization. Of course, Orbs also came up with its own token, and is currently planning to hold a token sale.

Orbs ICO details


Orbs' ICO has been announced, but the time and date of the token sale have yet to be speculated. Still, there are a few details that are already known, including the token's ticker — ORBS. It is also known that it is a utility that was, of course, developed on Ethereum's network.

The token's preICO price will be the same as its ICO price, which is to say — $0.1 per 1 ORBS. However, investors will be able to obtain the token in exchange for Ethereum, Bitcoin, as well as fiat currencies. The project has set up a soft cap of $30 million, and a hard cap of $133 million.

Finally, the project was registered in Israel, and anyone who goes through KYC procedure will be able to participate, apart from investors based in the US.

Author: Ali Raza for Crypto-Rating.com

Orbs Milestones

* Crypto Rating accepts no liability for any errors in the Orbs ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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