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When was ORBS coin issued?
The ORBS coin, issued in June 2018, is the native cryptocurrency of the ORBS public blockchain platform designed for dApp development.
Nov 20, 2024 at 08:37 pm
When was ORBS coin issued?
Introduction
ORBS is a decentralized public blockchain platform that enables developers to build and deploy dApps easily. It aims to provide a scalable and secure environment for developing blockchain applications. The ORBS coin is the native cryptocurrency of the ORBS platform and is used for various purposes such as paying for transaction fees, staking, and governance.
When was ORBS coin issued?
The ORBS coin was issued in June 2018 through an initial coin offering (ICO). The ICO raised approximately $10 million and distributed 100 million ORBS coins to investors.
Additional Information about ORBS
- Blockchain: ORBS is built on its own proprietary blockchain platform, which uses a consensus mechanism called Verifiable Random Function (VRF).
- Smart Contracts: ORBS supports smart contract functionality, enabling developers to create decentralized applications.
- Scalability: The ORBS platform is designed to be scalable and can handle a high volume of transactions.
- Security: ORBS implements various security measures, including encryption, multi-signature, and fraud detection, to protect the network and user assets.
- Governance: ORBS holders can participate in the governance of the platform through a decentralized autonomous organization (DAO).
Use Cases of ORBS Coin
- Transaction Fees: ORBS coins are used to pay for transaction fees on the ORBS network.
- Staking: ORBS holders can stake their coins to earn rewards and participate in the consensus process.
- Governance: ORBS holders can use their coins to vote on proposals and participate in the decision-making process of the platform.
Conclusion
The ORBS coin was issued in June 2018 through an initial coin offering (ICO). The coin is the native cryptocurrency of the ORBS platform and is used for various purposes, including paying for transaction fees, staking, and governance. ORBS is a decentralized public blockchain platform that enables developers to build and deploy dApps easily.
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