2 years Proven Results For the World to Audit, an Open Ledger on the Blockchain
Within the period of 23 months, from January 2016 until now, and on the base 50% to 100% of all revenues generated on the BitShares network related activities, performed by
the OpenLedger Decentralized Conglomerate of ecosystems, the equivalent of $1,980,000 USD was used to buy back and burn 2,524,000 OBITS out of a total of 18.276.898 OBITS.
This USD amount is based on the values on the dates that the buybacks and burns were performed. The remaining amount of
OBITS stands at 15,752,000. At today’s value, it can be said that $2,500,000 USD was spent on the supporters of the OpenLedger ecosystem, who are the OBITS holders. The real value of $1,980,000 USD, however, means that 16% of the total supply was removed within less than 2 years, which is an 8% reduction of supply year on year. In the same two years, the value of OBITS went from $0.10 USD to now around $1.00 USD.
The Company behind it all
Within two years,
OpenLedgerhas managed to build a name for themselves with more than 150,000 unique user sign ups on a three year old, well established,
BitShares based blockchain, offering its users a fully functional, financial trading platform running inside every single user’s own browser-based web wallet.
A quick tour on what we have already accomplished will be presented in another article coming up in connection with the video we have had produced in connection with our meetup in Aalborg early November, it is worth noting that we started out with a capital of less than 1 million USD + 1,6 mill seed capital back in early 2016 and with an already spend of 2 million more or less from March 2014 to Feb 2016 (own funds), and already now we have a steady increasing user base making use of the worlds most exciting financial trading platform, we have the worlds first decentralized conglomerate of ecosystems of which the trading platform, advertising, marketing and crowdfunding are already producing revenues, this way all of them supporting the monthly distribution performed on OBITS, ICOO and BTSR stakeholders.
Listed more than
20 times in Forbes magazine,
OpenLedger has been developing many of the products needed to satisfy mainstream consumers in their daily lives. OpenLedger will be releasing their first four products in 2018; eDEV – The OpenLedger freelancer platform;
GetGame – The OpenLedger incubator platform;
Apptrade – The OpenLedger stockmarket of apps; and
OCASH – The All-In-One payment card.
OCASH has the potential of being utilised by millions of individual’s worldwide, with speedy and transparent money transfers, and less time spent wrapped up in bureaucratic paperwork, or even with banks who are more interested in securing their annual turnover than looking at the needs of everyday man.
The DEX (decentralized exchange) and foundation of OpenLedger DC
In so many ways, the OpenLedger browser-based web wallet is working as each account holders’ own bank, with users private keys located in the cookies, allowing complete privacy and security.
The characteristics are of the OpenLedger DEX are Speed, Transparency, Trust, Privacy, Acceptance, Compliance, Multi-sig accounts, and Smartcoins (of which some are known as stablecoins) – the only place these are offered worldwide.
OpenLedger has created an increasing amount of crypto gateways to give access to this financial toolbox of features, and the place where anyone wishing to be in control of their own funds can call home. BitShares, with its Graphene toolkit, is the most speedy of all blockchain based trading platforms, with a proven test net result of 3000 transactions per second, 3 secs per block, and more than 60,000 operations within each block. More than 600, 000 transactions were made daily in the last 11 months, and the most transactions of all blockchains were recorded a few days ago, with more than 1 million transactions within 24 hours.
