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Orbit Chain

ORC

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Orbit Chain is not available for trading on the Coinbase Exchange, but is supported on Coinbase Wallet

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Orbit Chain is only available through Coinbase Wallet. Assets on Coinbase Wallet are not held by Coinbase. Use of Coinbase Wallet is subject to these terms.

Market

Market stats

Market cap

$31.4M

Volume (24h)

$145,928.40

Circulating supply

648.0M ORC

All time high

$4.68

Price change (1h)

+0.02%

Price change (24h)

+1.38%

Price change (7d)

+0.1%

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Orbit Chain is on the rise this week.

The price of Orbit Chain has risen by 0.10% in the past 7 days. The price increased by 1.38% in the last 24 hours. In just the past hour, the price grew by 0.02%. The current price is $0.0484 per ORC. Orbit Chain is 98.97% below the all time high of $4.68.

The current circulating supply is 647,995,103.877 ORC.

About

What Is Orbit Chain (ORC)?

Orbit Chain is a cryptocurrency platform that supports multiple assets blockchain, used by all services within the Orbit system. A multi-asset feature allows users to utilize crypto assets from different blockchains on a single chain. This enables easy management and transfer of a user's assets through decentralized communication channels of different chains as well as Orbit Chain.

The Orbit Chain provides a flexible environment for Dapp developers and other decentralized protocol developers. Furthermore, Orbit Chain provides a high level of liquidity between different assets without developing each chain. 

According to its whitepaper, the Orbit Chain blockchain aims to become a hub that connects multiple assets on its chain. The Orbit Chain provides a solution to blockchain's scalability problem. Through the Inter-Blockchain protocol, the platform can facilitate decentralized moving assets between chains and specializes in multi-asset platforms. 

Orbit Chain has developed its own standardized IBC protocol for asset management across different chains. Orbit IBC offers a decentralized two-way pegging mechanism based on the existing lightning networks (micropayments for Bitcoin) and Plasma (scalability solution for Ethereum 2.0) for communication between public chains. Multiple public blockchain systems can link to this chain, including Bitcoin, Ethereum, Ripple, Klaytn, Terra, and more. A proof-of-stake (PoS)-based decentralized system allows for the transfer of assets. All steps can be verified on-chain, providing a trustless and secure protocol. 

The ORC token is used for all transactions and equity for blockchain consensus. Through ORC, the values contained within the Orbit Chain are preserved and operated with. 

The features of the ORC token are as follows:

  • Through transactions, a cost is incurred for resource usage.

  • The cost of transferring funds through transactions.

  •  Staking (participation in block production and validation).

  • Participation in governance through voting.

  • The cost of using the IBC. 

‌The Orbit Chain enables assets within other chains to be converted into a standardized token. Transaction services are available to all Dapps and transactions on Orbit Chain through this standardized token. 

History of Orbit Chain (ORC)

The Orbit Chain is a product of Ozys, a South Korean company specializing in blockchain development and trying to bring together the fragmented blockchain community. TK Taekyu Park is the CEO of OZYS.

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Reading List

News

The Block • Sep 27, 23

Bitcoin’s correlation with equities continuing to diverge

The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.

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Decrypt • Sep 27, 23

You Can Now Trade Bitcoin Mining Hashpower on Arbitrum

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Unchained • Sep 27, 23

SEC Chair Gensler Says Bitcoin Isn’t a Security

Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on

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CoinDesk • Sep 27, 23

The Protocol: Google Pushes Deeper into Blockchain

Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.

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CoinDesk • Sep 27, 23

With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)

There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.

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The Block • Sep 27, 23

FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance

Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.

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Guides

Coinbase

How to Buy Orbit Chain

You can buy Orbit Chain using Coinbase Wallet, your key to the world of crypto. We wrote a guide on how you can buy Orbit Chain using Coinbase wallet.

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FAQ

What is the current price of Orbit Chain?

We update our Orbit Chain to USD currency in real-time. Get the live price of Orbit Chain on Coinbase.

What is the market cap of Orbit Chain?

The current market cap of Orbit Chain is $31.37M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Orbit Chain?

The all-time high of Orbit Chain is $4.68. This all-time high is highest price paid for Orbit Chain since it was launched.

What is the 24 hour trading volume of Orbit Chain?

Over the last 24 hours, the trading volume of Orbit Chain is $145.93K.

What other assets are similar to Orbit Chain?

Assets that have a similar market cap to Orbit Chain include Lyra, RACA, Trias Token (new), and many others. To see a full list, see our comparable market cap assets.

How many Orbit Chain are there?

The current circulating supply of Orbit Chain is 648 million.

Can I buy Orbit Chain on Coinbase?

Yes, Orbit Chain is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Orbit Chain guide.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.