Since the induction of cryptocurrency in 2009 many coins have flocked the Fintech scene most of them coded for a particular purpose like tokens for buying online games, books, library subscriptions or buying music online. All these tokens are in most cases exchangeable to other Fiat currencies like the USD or EUR. With the promising performance of cryptos all around the globe signalized by an increase in the market cap of the coins, a Danish company OpenLedger ApS came out with yet another ground breaking coin tagged OBITS. In this article, we will explore OBITS token and its ICOs and establish why we need the coin if at all we need it. Obits is now trading for 1 USD per coin thanks to the increasing market caps which gave it an overwhelming push. Let's continue and see why obits are so unique and ‘promising.'

What is OBITS?

OBITS is a cryptocurrency token designed by OpenLedger a leading Danish Fintech firm. OpenLedger created OBITS as its share tokens, implying that anyone who holds OBITS has a share in the open Ledger Organization and is entitled to earn profits from the Organization, very similar to ordinary shareholding in a traditional company. OBITS is designed to suppress speculations which are a primary cause of inflationary tendencies to cryptocurrencies. The price of OBITS is majorly influenced by the level of activities taking place at OpenLedger since OBITS represent the value of the OpenLedger shares.

How you can gain from OBITS

Like earning an appropriate percentage of profits attached to an individual in a traditional firm, OBITS gives its holder an equal opportunity but from any part of the world, unlike the traditional shareholding whereby a shareholder or his rep has to be around the proximity of the company. Many companies fail sometimes causing great losses to its shareholders. OpenLedger runs hundreds of ground breaking innovations many of them turning out to become successful business ventures. As any wise investor would buy shares in a company with a positive investment approval rating OpenLedger is that company which is at the apex of the Fintech Sector. This makes obtaining OBITS Tokens more or less the same as investing your money in a proven risk free business venture selling water during a desert camping.

How to Obtain OBITS

OBITS was first launched in December 2015. 20% of the tokens were sold off during its ICO. OpenLedger Diversified the option for buying OBITS during its ICO to include buying via all the major cryptocurrencies and of course the fiat. OpenLedger could easily buy back OBITS from those who wanted to cash out, but they could wait for a month to get back their money with the profits accrued to it. The tokens bought back would then be burned to reduce the market supply and increase the value of the OBITS. There are about 16 million OBITS in circulation with a market cap of up to $36 million

In my opinion, OBITS is a venture to do well since it is equal to buying shares in a profiting organization makes it almost to have zero risks of losing any money.

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OCASH international payment cards draw funds from the users’ contract wallet which support SmartCoins, like bitUSD, and more than 20 other existing cryptocurrencies from the OpenLedger crypto gateway including BTC, ETH, OBITS and BitShares.

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