What Is BitOrbit (BITORB)?
BitOrbit is a go-to platform for digital content creators that aims to enable individuals to create and share high-quality content and sell such content for earning cryptocurrencies. The platform is available on Velas, a blockchain provider that offers several decentralized services and technologies.
As the official website of BitOrbit states, the platform aims to enable social media users to control their social media experiences. Through the platform, the content creators seek to earn currency. The platform also aims to offer features like a built-in video feed, a built-in crypto wallet, censorship resistance, and added private groups.
The team behind BitOrbit is based on democracy, free speech, security, privacy, and open source. Therefore, these values of the platform aim to make it transparent and reliable. An essential aspect of BitOrbit is that the platform seeks to follow security standards favored and accepted by the crypto community, making the wallet secure. Cryptocurrency Security Standard or CCSS is an open standard that focuses on the storage and use of cryptocurrencies within an organization. CCSS was created in 2014 to give recommendations relevant to the secure administration of cryptos.
All messages of the BitOrbit platform are stored on the BitOrbit end-to-end encrypted server. Therefore, the messages are not available on the blockchain, seeking to enhance the platform’s security and safety.
BITORB is the native token of BitOrbit. The token holders can stake their coins and receive NFTs generated by the BitOrbit NFT generator. Moreover, the stakeholders can vote for new features for the platform to aim to make BitOrbit more appealing to new users. The tokens are issued only once, and there is no inflation model. The number of coins seeks to constantly decrease as a consequence of inflation.
History of BitOrbit (BITORB)
The maximum total supply of BITORB is 1,000,000,000.