Dear OBITS owners,

On October 1st, the OBITS holders community made its decision on the Market Maker Buyback Proposal.

Please learn more about the OBITS Buyback Proposal and the details here.

Voting results

Here are the results of the voting:

Option 1 is the winner, which means the OBITS owners voted for the proposal. Thanks for your active participation!

What’s next

The new procedure will be implemented for the upcoming buyback for September and will take place in the next few days.

We would like to disclose more details on how the price of the buyback order will be established:

The automatic script will gather the daily price feed on each asset involved in buyback and calculate the median value.

The above-mentioned data will be collected from the main BitShares markets (ASSET_BTS, ASSET_BITUSD, ASSET_BICNY, ASSET_OPEN.BTC, etc.).

If there is no relevant price feed from those markets on OL, the price feed will be taken from coinsmarketcap.com.

If there is no relevant price feed from coinsmarketcap.com, the order for the dedicated market will not be placed, and the collected amount of ASSET will be held until the next month distribution.

Contact us

Learn more about this Proposal on the official OBITS website.

Have a question about the Proposal, OBITS tokens, or the voting results? Please shoot them to info@openledger.info.

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Best regards,

The OpenLedger Team