Generating a passive revenue stream with digital currency is something most people can only dream of these days. Openledger, the recently launched decentralized exchange, is planning to provide exactly that type of functionality. Danish Bitcoin and cryptocurrency exchange CCEDK is launching a new currency that offers holders a share in both current and future revenue streams.
OBITS – Generating Passive Cryptocurrency Revenue
Most of the people actively involved in the world of Bitcoin and digital currency will know of OpenLedger by now, as this platform acts as an exchange, vault, wallet and host, all at the same time. One of the first tokens to be created on the OpenLedger platform is OBITS, and it offers some interesting opportunities for digital currency enthusiasts.
Many people have described OpenLedger as a revolutionary decentralized fintech platform. It has to be said, OpenLedger offers a high capacity and low latency for processing cryptocurrency trades and exchanges. But the most important part is how the end user will always still be in control of their funds, at any given time.
Combining all of these factors could very well be the nudge digital currency needed to create a new type of sharing economy. OBITS could be the catalyst for making all of this happen, as the newly created currency allows holders to earn a share of the fees generated by the platform.
In its true form, OBITS represents a large share of revenue generated by not just current but also future initiatives added by the CCEDK platform over the next few years. Among the planned features are fiat gateways, integration of Ripple; PayPal; and the NanoCard; and many other things that haven’t been announced just yet.
OBITS allow any cryptocurrency community member to profit from every single transaction carried out by the OpenLedger platform, as well as from their referrals. In fact, OpenLedger owner Ronny Boesing goes as far as saying how buying OBITS is equal to buying a stake in the exchange’s business.
Up until November 30, interested parties can purchase OBITS directly from the OpenLedger founder. December 1, however, will be the day when public trading will officially start and large amounts of OBITS will be made available on the market, spread among different exchange platforms.
The OBITS Buy-Back At Market Price
What makes OBITS an appealing investment is how there will be a buy-back at market price using 100% of the fees generated by the OpenLedger Exchange Network. All of the OBITS acquired during this buy-back period will be burned, reducing the available supply and making the other tokens in circulation more scarce.
OBITS holders will be able to buy or sell the currency on OpenLedger at any given time. Holding on to the tokens for a longer period of time will increase chances for holders to get a better return on their initial purchase. Depending on how many OBITS are sold during the pre-sale and public launch, the first buy-back will either occur on January 2; or February 1 2016.
Source: Press Release via Email
Images courtesy of OpenLedger, OBITS, Shutterstock