Topic: [ANN] BitOrb Exchange - Orbyt Token offering updates! (Read 502 times)

We now have a team of 25 full and part-time staff across the world.

• The software developers are crunching out deliverables almost every day as we close in on completion date.
• The marketing team is pushing out an increasing number of awareness posts through our twitter and telegram channels (both channels are growing at a steady pace), advertising our platform through digital marketing, and content creation through videos and articles.
• The management has formed new partnerships with individuals and entities to bring forth more investment and traders onto our platform.
  We expect to COMPLETE the exchange in 48 days or less.

Exchange Beta Update:

The Beta version was completed last week and it went live. However, there were still some kinks that needed sorting out, and we have not shared the link as yet. We expect to share the link of the BitOrb Exchange Beta version this week. Investors and supporters will be able to register a temporary account, log in to the exchange and interact with the platform interface.

Traders are highly-encouraged to register. You can provide us with feedback to [email protected]. We look forward to your feedback and to make improvements where applicable.
Traders can use this opportunity to apply for an advisor and market-making roles.

Exchange Testnet Update:

We will be running a few programmes during the testnet phase. These may include the referral programme, bounty hunting and trading competitions. The exact details and dates will be announced by or before October. Once a user is registered in the testnet, the user data will be migrated to the full exchange version in December.

The exchange completion is expected this month. Soon after, the testnet will be launched and everyone who is an investor and/or trader can start registering their accounts.
We expect to have the exchange TESTNET operational in 81 days or less.

Orbyt Token Update:

Orbyt Tokens will be issued in December after BitOrb goes LIVE. You’ll be able to receive your tokens then. These will also include all airdrops, competition, bounty, and referral rewards.

We practice transparency and are pleased to announce that we are looking to list the Orbyt Tokens in December with at least 1 exchange. This week will see the announcement of a Memorandum of Understanding (M.o.U) signed between a spot exchange and BitOrb for a listing of Orbyt Tokens.

In addition, we are currently discussing terms with two other exchanges.

Latest News:

BitOrb is now a registered member of Access. We look forward to participating in events, engaging the community and conducting workshops on bitcoin and derivative products.

You can see member listings here at https://access-my.org/members/.

We’re only 3 months away from going LIVE with BitOrb.

We’re now in discussions with token investors and exchanges with regards to the listing of the tokens. The plan to issue Orbyt Tokens when BitOrb goes live in December hasn’t changed and will be carried out.

The question now is about listing Orbyt Tokens on the secondary market. The idea was to list on spot exchanges in H1 2020. To provide some context, it was considered and discussed with exchanges that we would list on them after we had generated turnover in Q1 2020. This would have given the token value and thus protect token investors.

It is fortunate then that Orbyt Token investors are looking to hold their token bags for longer periods due to the understanding of the securitized asset of profit share. With the support of these “new” class of crypto investors, we are of the position and are more inclined than ever before to let the market forces decide on the Orbyt Token prices. We trust our platform, and our investors trust us.

Therefore, we are likely to move forward with listing on at least 1 exchange in December, followed by possible listings on more exchanges if the need arises. We will finalize this position before the end of Q3.

On another note, there are requests that we extend our STO sale to the end of November. We are considering this and will announce our decision at a later date.

Exchange Update:

We are glad to announce that we will see the Beta site going LIVE this week! This is great news for investors, analysts and media as they will be able to register and navigate within the BitOrb exchange. The Beta site is a run-up to our major milestone in September; according to our roadmap, we expect to complete the exchange by then. Thus, the Beta site depicts our development progress that we are at in relation to completion, which is just over 50 days from now.


Marketing Update:



Thank you so much for investing in Orbyt Tokens. Remember to get your complimentary BitOrb Tee!

The Origin Story Part 2


Before we embarked on this project, we were involved in initial coin offerings (ICO). We would spend hours going through whitepapers, putting in the time running through our analysis and getting to know the project's prospects. It was the most popular way to make gains back in the day. We took on this new challenge of identifying among hundreds of projects what were good short and medium-term investments.

Entering a market in its infancy armed with little experience was in hindsight not the smartest of strategies. But such is the case when there’s an opportunity, and history has taught us that success stories are made of sterner stuff.

We had invested in a score of them. Most were successful, a few were substantial-stop losses, and a couple more have yet to be listed on exchanges. Then there were those few in the portfolio that had all the capital raised and still had not delivered. Those were the worst. I mean how can a project raise millions and not have anything to show for it?

This crypto winter has not only added fuel to the skeptics, but it has also seeded doubt into the global community. For more than a year, it completely crushed the initial world opening to cryptocurrencies and many still reel from its after-effects. No doubt then, that you read about Orbyt Tokens and have your concerns. Well, that’s why we shared this page in our history with you. Because we know why people invested in projects, how many went all pear-shaped and having to deal with the consequences of those decisions. So if we can learn from those mistakes, take the knowledge that we have now and couple it with that of experience and assessment, we become wiser as such. Once we have learned from the past and cast aside the baggage of failed investments, we can open our eyes and see new opportunities from a fresh perspective.

Some important questions from the public:
Why would the Orbyt Token security token offering (STO) be any different from ICOs?
Why not wait till later to see BitOrb revenues start to increase before getting involved?
Why not purchase tokens after Orbyt Tokens are listed on the spot exchanges?

So let’s address these together. The Orbyt Token is a security token that promises its token holders that any profits (net profit after tax) declared by the entire BitOrb exchange operation is shared to all of them. 20% of the profits has been tokenised to enable token investors who have funded our future marketing and expansion programme to reap rewards for their contribution. Profit share that would otherwise be unavailable anywhere else. The Orbyt Token offers benefits to investors that include trading fee discounts, access to advanced trading tools, and profit share paid out in Bitcoin. As far as we know, and we’ve been around quite a bit in the crypto scene, this combination is a world’s first.

So yes, the Orbyt Token sounds interesting. That said, those who have heard similar stories about exchanges sharing revenue during the ICO days (they end up just distributing more of their tokens or other tokens with low liquidity) would be skeptical of exchange performances since there are up to a thousand crypto exchanges and many hundreds have failed since 2018. There are, however, distinct differences.

BitOrb is a crypto derivatives exchange. There are only a handful of derivatives-focused exchanges in the world. Especially less so for those that offer high leverage. Whilst there is an increasing number of hybrid spot exchanges that offer margin trading as well, their systems are not built to handle high-frequency trading that caters to high leverage and very high volume trading. Some spot exchanges can offer up to 20x leverage. BitOrb offers 100x leverage. Some exchanges we have identified as key competitors likely handle 500–1000 matching order transactions in a second. BitOrb can handle 10,000–100,000 matching order transactions per second. In addition, unlike spot exchanges that are very much dependent on a bull market, derivatives perform two functions (hedging a net wealth position, and trading) that still generate trading volume in a bear market. The daily trading volume for the largest market leader in 2018 averaged USD 2–4 billion per day, with an annual volume that surpassed USD 1 trillion. So when compared to the spot exchange ICOs of the past (where the top 20 spot exchanges volume was not larger than even one derivatives exchange) the BitOrb derivatives exchange is far more likely to generate revenues in a market that is still young and with massive industry potential.

The crypto community is in the “post”-ICO era. Those remaining have experienced the detrimental effects of irresponsible ICO promoters that either abandoned their projects or have delayed delivery of their platforms or products to such an extent, the investors have yet to see even the tokens issued over a year later. Such opportunity costs of having funds locked in for months on end has raised many concerns about new investment projects.

For BitOrb and its Orbyt Token, there is a difference to its proposition: For one, as an investor, you can communicate directly with the BitOrb management and get to know us. Second, it is a chance for investors to gain profit share in a derivatives exchange. No such opportunity exists right now that is transparent and simple; the auditors for BitOrb accounts will be announced soon, and they are one of the top firms in the world. Third, the BitOrb exchange will go live at the end of this year. We will deliver on our promise of launching our exchange by the end of 2019.

The initial phase is to build on our user base and market ourselves as a superior choice for a derivatives platform. In 2020, we plan to declare a profit share. Once the finance department and audit services are able to get a good handle on the accounts, we would like to offer a profit share on a more regular basis, and if possible, as frequent as a monthly declaration. So with all this going on, and our commitment to building the user base and in the interest of protecting investors' interest, we plan to list the Orbyt Token on secondary markets only after we have generated revenues. Since Orbyt Tokens are securitised by profit share, an expected declaration would indicate token prices in the future would be at an expected fair value. The difference is, only at this time, is there an opportunity to get bonuses. For those who see a long term investment with BitOrb, they can see that earning profit share is better than what the conventional financial system offers today. Thus far, our investors see long term gains in prices as the bonus and not the gain, and see the bonus received in profit share as the gain.

Although we are unable to advise you on your investments, you are able to research as much as you can on the future of cryptocurrencies, the financial tools available such as futures, options and warrants, and the financial system. You may come to the same conclusion that BitOrb is indeed an investment worth looking at for now and the future.

Investor Updates:
We’re pleased to announce that there has been an increasing interest from parties wanting to invest USD 10,000 and above. Thank you, and we look forward to meeting your expectations.

Latest News:
We have been given a STABLE rating on icorating.com! This is one of the best rating and review sites in the industry. They have taken the initiative to see our demo and will review the current rating once we have opened the BitOrb exchange testnet for the public to try. This site will continue to monitor our progress and will change the rating appropriately.


We managed to be in the top 15% of new projects reviewed by icorating.com. As we continue our exchange development and the promotion of our STO, we will strive to raise the rating higher in the near future.


That’s it for now and thank you so much for investing in Orbyt Tokens!

Hi Magisterr,

Thank you for your interest in BitOrb. We are currently running our Token Sale and in the last testing stage for our exchange testnet which will be launching in mid-October. The exchange will be going live in December this year. We also will be having a Testnet Trading Competition happening next month so please stay tuned to us.

Hi everyone. iIs there a video presentation of the project? I just want to get a better understanding of how this concept will work. It's basically the most important thing to me right now.

Do you have a working exchange or just going to launch? Because as I see token sale is ongoing now, but I didnt find link to exchange. When its planned to launch?

Hi Notblox1, that is actually a very good idea. Thank you for the suggestion.

@BitOrb
Maybe consider to buy copper membership here so you can post images
and move this to proper section, like service ANN... this has nothing to do with Altcoins...

50 YEARS AGO THIS WEEK, THE WORLD WITNESSED THE MOON LANDING.

[/i]

Referencing that historic space mission, our social media presence has grown by leaps and bounds in the same number of days it took to get Apollo 11 from the Earth to the moon. In this early phase of our 360-degree approach to marketing, we are focusing on the Telegram and Twitter channels. Other channels will be developed at a later stage. We were expecting the numbers to trickle in as we began our first steps into the digital campaign. Instead in 3 days, we got a big and pleasant surprise!


The BitOrb Team would like to extend a real big shout-out to our supporters and thanking them all for registering on our website whilst liking and sharing our news to others around the world!

REGISTRATION: GETTING IT DONE WELL AND GOOD
Some of you experienced a delay in getting your email confirmations and KYC done which usually takes less than 10 mins. Most delays were as a result of poor quality pictures uploaded or the size of the pictures were too big with possibly very slow internet speeds.


We take our Know-Your-Customer checks seriously. As a security token and an exchange that is pro-regulations, we have gone above and beyond the usual industry norm of performing these checks; as is expected of the regulators.

Therefore, all KYC checks carried out in BitOrb cover the following:

Documentation authenticity (standard check), Data validation (standard check), Police record (additional check), Social media (additional check), Sanctions (additional check), Politically Exposed Persons (additional check), Global Watch list for Fraud, Murder and/or Terrorism (additional check)



Some will not pass our stringent identity checks due to the extent we have gone to in implementing KYC for all our investors. As a result, applicants should understand that it does take a little longer than normal to get their application approved. We would also like to point out that we have seen many files that are unnecessarily large in size or old, damaged or torn. If they are being sent via low internet connection speeds, it can cause even more delays in processing. Please keep files to less than 1 megabyte in size.


We are encouraged by the fact that more and more registrations are coming in regularly and by the time we launch this exchange, we can prepare for and anticipate a decent portion of supporters will also be users of the exchange. This influx and our commitment to grow the subscriber base to many thousands is an indicator that we are on the right path to achieve what we have set out to do.

LATEST UPDATES:
1) We already submitted our exchange license application for our base of operations in Mauritius. Getting a license is a stringent process. Besides the need for processes and safeties to be in place, the application requires clear and concise understanding of the operations by the regulators. We will update as and when we have more details in the coming months.
2) We have appointed a 3rd reputable law firm (Singapore and New York before this) for a new jurisdiction, and are proceeding with the first steps in an application for a local crypto derivatives exchange license as part of our mandate. As resources permit, we will endeavor concurrently to apply in more nations.
3) We have confirmed two articles for Asiablockchainreview.com and another for Cointelegraph.com. Both articles are expected to be published before the end of July or by early August.
4) We are expecting the review process of icorating.com to be completed by this week. It has taken about a month to get here, but we were pleased with the manner in which they conducted their analysis and the due diligence taken to talk to us over the phone and clarify key points. Expect an announcement soon in BitOrb social media when they have published their findings.

INVESTOR OPTIONS:
We have more investor bonus token allocations for those investing in amounts larger than USD 10,000. You are encouraged to email us after you have completed your registration and KYC if you are interested to participate in a bigger way.

All investors who invest more than USD 1,000 are entitled to the official BitOrb sky-blue T-shirt posted to you directly anywhere in the world!

One item per investor and the usual terms and conditions apply.

OTHER ITEMS IN PROGRESS:
There are other items of import happening in the background, and these include:

1) Exploring options for an AMA with a very large youtube influencer. We should have confirmed our choice before the end of this July.
2) Confirming at least one broker-dealer crypto-experienced partnership, to represent BitOrb fundraising interests in their respective regions of the world.

That’s it for now and thank you so much for investing in Orbyt Tokens!

Hi cripti7,
Our current Tech team is consist of 7 members currently.

How many programmers are in your projcet at the moment?

THE BALL IS ROLLING AND IS GAINING SPEED



In 2013, in the span of 12 months, Bitcoin prices went from USD 10 to USD 1,000. After 3 years and a bitcoin halving event (rewards for miners supporting the decentralized ledger technology of bitcoin was reduced to 12.5 BTC per block), we arrived in another unbelievable (yet true!) meteoric rise of Bitcoin valuation. By the end of 2017, and also in a span of 12 months, Bitcoin prices went from USD 1,000 to USD 20,000.

In 2020, we will see many catalytic events for cryptocurrencies and the token segment with Bitcoin going through its next halving event, the Japan Olympics (in Japan, BTC is legal tender) and the introduction of major crypto offerings such as Facebook’s new cryptocurrency and many others.

It is an exciting time to be in this space. And we live in a whole new space. To appreciate how far we have come and to prepare for how fast things will change in the coming years, we should look back to history. Let’s put some perspective. Let us formulate our own insights with these startling points.


The written word has been around for approximately 5,000 years; since the Bronze Age.

• Then the printing on cloth came about 2,000 years ago in China, a 1,000 years later we started mass printing and books.
• It took almost 900 years after to get the electrical telegraph, where signals could be sent over long distances.
• In the next 100 years we saw the arrival of the telephone. The world was now connected with live communication.
• It took another 50 years before we saw the introduction of mass production color TVs in the 1950s.
• Add another 50 years and at the end of the 20th century, we finally got to the internet protocol and email. Signboards turned into websites, and the world became super-connected.

In the last 20 years, we have experienced the introduction of what is a new age for mankind which can be summed up in these words: hyper-connectivity and disruptive technologies.

Technology has always been useful to us. Now, it is part of us. The most important questions being asked around the world now revolve around how we live. Generations entering the workspace in the 21st century generally don’t accept the way things are. We use technology to enable smarter homes, cars, and planes. The world is introducing technologies so advanced that there are medical surgeries carried out over the internet and orbital flights to future space hotels being offered. And of course, in January 2009, the first Bitcoin was mined.

The next 20 years will be enormously different in the way we live our lives.

In a world where everyone is expected to be connected via hyper-devices by 2030+, access to everything will be the dawn of a new age. Artificial Intelligence (AI), Augmented Reality (AR) and Blockchain will be the new norm. If we were, to sum up how these will be utilized (but not seen) and not necessarily exclusive to one another:

• Hyper-fast automated intelligent service providers for everything in an advanced economy through AI.
• Hyper-devices, now we have super-apps, eventually we’ll see a revolution in access through AR.
• Hyper-financing: the opening up of the world’s economy through borderless transactions and the raising of funds on a truly global scale through Blockchain.

In our next newsletter, we’ll talk about the differences between the ICO days, and the coming wave of fundraising that we ourselves are conducting. Hyper-financing is upon us.

Marketing of the Security Token Offering.


We believe in the Power of 3 (BitOrb the exchange + Orbyt Tokens + Orchestrator) and we want to make aware of our offers to the world as best as we can. We have multiple strategies as mentioned before, but for those who are new to us, they include:

1) Digital Advertising through Facebook, Google, and programmatic Ads. This strategy also includes the development of our social media presence and although modest at this time, is gaining momentum on a daily basis.

2) Crypto Hedge Funds and Broker-Dealers. We are already in talks with serious parties who want to represent the BitOrb STO in their respective countries or regions. We are very pleased to share with you that we have a signed Memorandum of Understanding (MoU) for an independent crypto trading entity to invest a minimum of USD 5m or more by September. This MoU signed recently is a testament to the value proposition we are providing to investors looking for the next big wave to ride on.

3) Roadshows around the world and recommendations via current investors to more interested parties is an ongoing effort to raise awareness of the opportunity for token holders to benefit from participating in a fast-growing multi-trillion dollar industry. We are very happy to meet interested parties in person and more than able to accommodate late nights for online meetings with groups anywhere in the world.


Digital banners such as these are popping up globally (added focus in some countries) with a clear objective of promoting the Security Token Offering. As we enter the second half of July, we are pleased to see more inquiries for tokens. Early morning and late-night phone calls, coupled with weekend online meetings are now becoming the norm for us. We love it!

Announcement: Airdrops are now available!

We are pleased to announce Airdrops for ALL who sign up at our website and pass KYC (Know-Your-Customer) checks. This campaign will be ongoing until “stocks” last. 100 Orbyt Tokens and KYC approval is the minimum an Orbyt Token holder must have in order to reap the benefits of a Preferred Status member of the BitOrb exchange. That entitlement is given in the form of trading fee discount + access to the Orchestrator + profit share paid out in Bitcoin. Note: Traders can trade on BitOrb without having to go through KYC. Having Preferred Status enables traders to enjoy more benefits.

Announcement: the BitOrb private testnet is now online!

Previously, demonstrations of BitOrb has been via the developer’s backend interface. Just this weekend we presented to a group of private individuals from the USA, the BitOrb private testnet. This testnet is literally the exchange in constant development which includes the front-end interfaces. So with our UI/UX softdevs working full-time on the project, we expect significant progress on the user interface over the next few weeks and more, until the completion of the exchange in September. Investors or interested parties (just send us an email after you have done your KYC) are more than welcome to request for a demo of both the developer demo and testnet.

Announcement: BitOrb.com v3.0 has been launched!

Yeah, we’re all about continuous improvement 😉


Grab your allocation for our Airdrop today. Get Whitelisted and pass KYC for 100 Orbyt Tokens!

Contact us today: [email protected] to find out how you can qualify for even more than 7.5% bonus allocation when investing in our STO. Early bird requests are welcomed!

JULY 1st was the day we began accepting online registrations from around the world. According to Google Analytics, we found most of the net traffic coming through to our full website (or abridged versions for restricted jurisdictions) were from:


The duration that a unique and first time visitor spends on the landing page is currently around 1 min 31s. Although that is barely sufficient time to go through the website home page material, we are confident that the site is proving useful for visitors as the trend has been rising from before and the fact that most STO participants will be downloading the Whitepaper if they are interested to know more in depth.


An Update: Exchange Development

We’ve been making progress on our exchange back-end development. As you are aware, derivative models are extremely complex to create and part of the complexity is attributed to latency (“speed” at which information is updated), risk management (ensuring the order books have sufficient liquidity and margins to accommodate for ordered transactions), and ensuring high-frequency trading and up to 100x leveraged trading is catered to in a volatile market.

Many hybrid exchanges can only cater to 2–5x leverage for users. Some new announcements by established exchanges have started looking at up to 20x leverage. BitOrb will do up to 100x when it launches end of this year. The exchange will enable users to deposit BTC and ETH into their exchange wallets. This will allow users to purchase contracts for BTC using BTC, and contracts for ETH, using ETH. This is extremely useful for miners, traders and high-net worth institutions / individuals, to hedge themselves in respective currencies or trade more easily in their own respective base currencies.

The exchange is expected to be completed in September, with testing going into October and November. Currently, the exchange is at 60% completion.

An Update: Marketing Development & Airdrops!

Our newest addition to the BitOrb marketing team is a bright young lady named Virginie. Together with the CMO, she will be developing marketing strategies and managing our online campaigns throughout the duration of the STO. You can also find her on our Telegram channel. Welcome to BitOrb!

In celebration of our registration portal launching in July, we are also sharing this milestone with everybody out there who comes to the website, register, and complete their KYC documentation checks. By doing so they will be able to receive 100 Orbyt Tokens which they will receive when the exchange goes LIVE by December! All qualified investors for the STO will also receive this airdrop of 100 Orbyt tokens!

We share with participants why they should invest in us right now:

Team and Technology. You are an investor, and you don’t have the time to learn everything about the investments you’re involved in.

So if you’re going to put your hard earned capital in a business, you should be able to trust the team to plan, deliver and manage as best as they can.

Target. This is a global reach business model. The derivatives market for cryptocurrency and digital assets is very much at its infancy at “mere” trillions now. The headroom for growth is exponential with the unlocking of more assets in the coming years and the eventual maturity of the cryptocurrency industry.

Timing. The BitOrb team did a few things worth mentioning in the early days. We started building a project in a bear market. In order to catch the wave, you have to start swimming hard before it arrives. We expected the project to take at least a year and half to deploy, and so we have planned it for the coming Bitcoin halving event in 2020. To be ready, we needed to be operational before the end of 2019. Timing is everything, and we are sticking to the schedule.

So if you’re looking to get some tokens, find out as much as you can about BitOrb by visiting our website, reading the whitepaper, following the social media channels and engaging our growing community.

TomoChain — BitOrb Partnership Announcement

Welcome BitOrb to TomoChain’s partner network!

BitOrb is an innovative cryptocurrency derivatives exchange with micro-second latency for high frequency trading and the most competitive fee structure amongst its peers, featuring Orbyt, the native security token of the BitOrb Exchange. The Orbyt Token is made to provide its token holders one of the best value propositions available in the market, which includes discount on trading fee and a share of the company’s net profit. The profit share will be paid out in Bitcoin. BitOrb also introduces a first-of-its-kind feature — The Orchestrator, an advanced automated trading tool giving traders the ability to trade 24/7.


This is where TomoChain comes in. TomoChain public blockchain provides BitOrb an innovative scalability solution that offers; instantaneous and seamless transactions, various security features and nearly-zero fee. In addition, as BitOrb’s technology partner, TomoChain will assist in exploring and utilizing the range of TomoChain products. Specifically, they can easily issue Orbyt Tokens as TRC21 tokens on TomoChain via the TomoZ protocol, allowing users to pay transaction fees for a small amount of Orbyt Tokens. TomoWallet team is currently advising on the development of the Orbyt Wallet, that promises a secure mobile wallet for token holders
Furthermore, we will collaborate with BitOrb in marketing campaigns and events to promote both projects to define our footprints in the blockchain business.

Long Vuong, TomoChain CEO said:
“We are glad to work with BitOrb to issue their Orbyt Token on TomoChain, as well as assist them to build a trustful, user-friendly wallet for the traders. This partnership is highly aligned with our next milestones of launching TomoX and TomoZ, and our long term strategy of becoming the most efficient blockchain for the token economy. With this partnership, the community will greatly benefit from a combination of a clever business model by BitOrb and high performing technical solutions by TomoChain.”
BitOrb partners with BitGo to secure all their digital assets. BitGo is trusted by other crypto exchanges such as Kraken, BitStamp and Nexo. BitOrb is also partnered with Onfido to ensure with the highest standards of KYC and AML global compliance standards. Onfido is also trusted by Coinbase, HSBC, TransferWise and Bittrex.

Lim Hoong-Teng, BitOrb Ceo & Co-founder shared:
“After initiating discussions with the TomoChain team back in January, BitOrb is very excited to officially announce TomoChain as our blockchain partner for the issuance of Orbyt Tokens. After evaluating a few options, TomoChain clearly stood out from its competitors, mainly because of; the security and efficiency of the Tomo blockchain and the upcoming TRC21 protocol which will make it easier for our users to transact Orbyt Tokens. The BitOrb team continues to enjoy a fruitful engagement with the TomoChain team, and we see a bright future ahead- So people, Let’s get into Orbyt!”

BitOrb STO registration portal is now LIVE!

BitOrb is pleased to announce that the registration portal for the Orbyt token private sale is now live. Sign up and enjoy up to 10% Bonus Orbyt Tokens now until the end of 31st July. A step-by-step guide through the registration process is available below!


The registration portal for the Orbyt Token Sale is now live. What this means is that users are now able to create a login, complete a KYC process and purchase Orbyt Tokens.

What do I get if I purchase Orbyt Tokens?

Orbyt Token is a security token that is the native token of the BitOrb Exchange. Orbyt is a first-of-its-kind token that allows its token holders to earn a 20% share of the exchange’s net profit and a 30% discount on trading fees, making it one of the best exchange token value propositions available in the market. You can read more about the Orbyt Token in our whitepaper.

Benefits for joining the Orbyt Token Sale before 31st August;
1. Get 100 Orbyt Token airdrop worth $10, when you create an account and successfully complete and PASS the KYC process.
2. Get up to 7.5% bonus Orbyt Tokens before the end of August 2019.

A step-by-step guide to the BitOrb Token Sale registration Portal

STEP 1: Whitelist Registration
Fill in your personal particulars such as name, e-mail, phone number and country of residence to find out if you qualify to participate in the Orbyt Token Sale.

You may not be whitelisted if you reside in any one of the jurisdictions that are not allowed to participate in the Orbyt Token Sale due to the restrictions these countries have on token sales. These countries are;
Singapore, Malaysia, United States of America, Belarus, Balkans, Burma, Côte d’Ivoire, Cuba, Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, Zimbabwe.

In some cases, exemptions may be available to some accredited investors or sophisticated investors. Reach out to us to find out if you qualify for the exemptions by contacting us via email or chatting on Telegram.

If you have been successfully whitelisted, you will receive an email which will allow you to activate your account. Click on “activate account” and finish the account setting process by setting a password.



STEP 2: KYC Process
Here you will need to provide a government issued ID, passport or driving license for us to conduct some checks on your identity and authenticity of your documents. Our KYC are powered by Onfido.

For the KYC process, you will need to;
1. Fill in your particulars such as name, date of birth and gender as per your government issued document.
2. Fill in your current address of residence.
3. Attach a copy of the government issued document.



Once you have submitted your documents, you will see the screen below while the documents are checked. Document checks may take up to 10 minutes. At this point you may log out and once the checks are completed, you will receive an email from us.


Upon the KYC approval, you will see the following message on your screen.
We will send you an email to confirm that you have passed the KYC check. You will also get 100 Orbyt Tokens airdrop for completing this process. The Airdrop will only be disbursed into your BitOrb exchange wallet upon the launch of the exchange.

If you failed the KYC process you can reach out to us via email or chatting on Telegram.

Common reasons for failure of KYC is due to quality of the image, if you provided a poor quality image, you may try again.


STEP 3 : Wallet creation and Token Sale creation
On this screen you will be able to contribute towards the Orbyt Token Sale. Please follow these steps;
1. Choose between BTC or ETH as your preferred choice for your contribution. The USD/BTC and USD/ETH rates are derived from Coinbase spot rates.
2. Fill in YOUR BTC and ETH that you will use to send your contribution
3. Insert the amount of your contribution in either USD or your preferred cryptocurrency and the calculator will calculate how many Orbyt Tokens you will receive including your bonuses.

Bonuses are available as per the schedule in the image below. Please note that a minimum amount eligible for bonuses is at least 5000 Orbyt tokens or USD 500.


After completing the steps above, a wallet address will be created for you to transfer your funds to BitOrb’s Cold wallet. Please note that BitOrb does not store any token sale funds online, all funds are transferred into a custodial wallet provided by Bitgo.

Please copy the address below and proceed to your BTC or ETH wallet to perform the transaction. After you have sent the transaction from your wallet, click “I’ve done the transaction.”

Please note that you will require the Transaction ID (txid) for the next step.


STEP 4: Getting confirmation of your transaction

After completing the steps above, you will be led to the following screen. Enter the txid for the transaction and the BTC/ETH address you used to complete the transaction and click “Submit.”


After clicking submit, your transaction will be pending until it is confirmed on the blockchain. Upon the confirmation of the transaction on the BTC or ETH blockchain, you will see the “ Transaction Success” page with a summary of your contribution.


NEXT STEPS…
Do note that after you have completed the transaction, you will have successfully participated in our token sale and you will receive an email with the details of your contribution.

The Tokens will be released upon the launch of the exchange and directly credited into your Orbyt Token wallet on the exchange. Please follow us on our social media channels to get the latest updates on the release of the exchange and Orbyt Tokens. Timeline of the exchange release can also be found on our website and the whitepaper

After the completion of your contribution, if you have any further questions please do not hesitate to reach out via email or chatting on Telegram.

Announcement: Orbyt Protocol

18 June was a big a day for us at BitOrb! We officially announced in the public sphere via social media channels, the partnership with our blockchain technology partner, Tomochain, on the development and issuance of the Orbyt Token. For those who haven’t read the whitepaper, Orbyt is a security token that enables qualified investors (token holders) to benefit from trading fee discount, access to the orchestrator and profit share that’s paid out in Bitcoin. The profit share is linked to the BitOrb Exchange’s profits derived from revenue based on transaction fees.

The announcement was also mirrored by Tomochain in Medium (a popular article app) and can be seen on popular channels. The Orbyt Token will be issued on the new TRC21 protocol by Tomochain.


Offer Rating Sites: ICOBench.com

We’re listed on this site with a current rating of 4.1 / 5. That is expected to go up higher once we upload our video to the website next week, and update a few details we were recommended to improve upon.


Overall, we’re pleased to have a good rating to begin with and are already working on another application at another offer rating site. Will share the news when done.

BitOrb: The Exchange Viewing

We’re very pleased to get many requests already on testnet (Exchange completed in Sept; Testnet Oct-Nov) and visuals of the exchange. We’ve got a starting team of 3 UI/UX developers working hard and fast on the concepts we shared with you in the whitepaper.

You can be assured that we will invite STO participants (more details later) to view the Exchange.

Hi, konstant111!
If you'd like to get more information in regards to the exchange as well as more information on BitOrb, we'd suggest that you download our whitepaper at www.bitorb.com. If you have any further questions, feel free to join us on our Telegram group at https://t.me/bitorb_orbyt to which we will answer to all your questions.

this is a great project, I'm still dealing with the exchange how to work with it, where I can find answers to frequently asked questions(FAQ), thank you

The Origin Story Part 1: BitOrb

Welcome to the BitOrb newsletter! This issue records the evolutionary growth of the Exchange by publishing our newsletter online and announcing our entry into the next financial revolution: Cryptocurrencies and Security Token Offerings. Perhaps for most of you reading this, it will be the first time you’ve heard of us… Not surprising since we’ve kept this secret close to our chest for a year!

Issue 15 marks the first newsletter released online and in Medium. As we begin our Security Token Offering in June, we’d like to take some time over the coming weeks to share with you the origin story of BitOrb.


In order to appreciate this in its entirety, we look back to early 2017.

The founders of the project had been involved in 3 different cryptocurrency operations. Hoong-Teng had been mining. Jeremy was trading coins and Umair was investing. Fun fact: Although we had been friends for some time, we didn’t know for months that all of us were involved in the industry. It was only in Q3 2017, did all 3 come together and began discussing the world of blockchain and the trading of cryptocurrencies!

It was on 23 February 2018, when 3 friends became partners and started investing as one in the blockchain industry.
On 7 March, we began diversifying into Masternodes, or Proof-of-Stake blockchain projects.

On 21 April, we began discussing the different possibilities of a new exchange. We found ourselves going one way, but by chance or circumstance, it lead elsewhere! What a twist and we wouldn’t know its impact until months later.
But more on that in the coming newsletters..

Development and Marketing Updates

On 3rd June, we launched STO website 1.0 that allowed interested parties to download the Whitepaper. Website 2.0 is being tested at the moment and will continue into the weekend. Once we’re ready, we’re looking to begin full registration with Know-Your-Customer (KYC) checks on Monday, 17 June.


Exchange development is currently around the 45–50% mark to completion. We raised sufficient seed funds to complete development and to deploy the BitOrb Exchange for Q4 this year. We expect the exchange to be completed in Q3, where testing will be carried out over a period of two months.

Marketing Roadshow to Seoul (25 June), Hong Kong (27 June) and Tokyo (28 June) has all been confirmed with flights booked and venues too.
Email us: [email protected] if you can meet us then and there!

Thank you babos8383 do feel free to find out more information by downloading our Whitepaper which you can get on www.bitorb.com