BTSE will list OBT ($OBT) on December 3, 2024, making it available for spot trading. Additionally, $OBT will be listed on BTSE’s wider ecosystem of 20+ white label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade $OBT via the OBT/USD, OBT/USDT, and OBT/USDC trading pairs.
Key Dates:
- Deposits enabled: 4:00PM (Singapore Time) on December 2, 2024
- Trading enabled: 8:00AM (Singapore Time) on December 3, 2024
- Withdrawals enabled: 11:00PM (Singapore Time) on December 3, 2024
About $OBT
$OBT is central to OBT’s mission of integrating cryptocurrencies into daily financial activities. With $OBT, users can effortlessly Tap & Pay with crypto at over 100 million locations worldwide that accept Visa and Mastercard, without requiring any additional setup from merchants. Additionally, OBT enables instant, fee-free peer-to-peer transfers using just a phone number, simplifying both local and international transactions.
Key Features
- Deflationary Mechanism: To support long-term value, $OBT incorporates a deflationary model where tokens are systematically burned based on transaction volumes within the OBT’s ecosystem. For each Tap & Pay transaction and other specified transactions within the app, a percentage of the $OBT used is permanently removed from circulation, reducing the overall supply over time.
- Rewards and Cashback: $OBT holders enjoy benefits such as discounts, cashback rewards, and loyalty points. Users who Tap & Pay using $OBT in the OBT app receive immediate cashback, incentivizing the use of $OBT in everyday transactions.
- Access to Premium Features: $OBT holders gain access to premium services within the OBT ecosystem, including advanced payment tools, analytics, personalized customer support, and exclusive partner offers, enhancing their overall experience.
Tokenomics
- Total Supply: $OBT has a capped supply of 1,000,000,000 tokens, with a structured vesting schedule to ensure fair distribution.
- Burn Mechanism: Revenue generated from Tap & Pay transactions and other fees is used to buy back and burn $OBT periodically, effectively reducing the circulating supply and creating a scarcity effect that can increase token value.
Token Allocation
- General Reserve: 10%
- Core team: 10%
- Advisors: 3%
- Future team: 10%
- Foundation: 10%
- Marketing & Partnerships: 6%
- Seed: 8%
- Ecosystem & Grants: 35%
- Exchange Liquidity: 8%
Deposit/trade $OBT tokens on the BTSE website or mobile app here.
For more information, visit OBT’s official website.
Trade on the go — download the BTSE mobile app (iOS/Android).
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.
Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
