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About Orbs
Disclosures
Orbs risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Orbs. All crypto assets are risky, there are general risks in investing in Orbs. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
Orbs’s price performance
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Guides
Orbs FAQ
The Orbs network helps developers improve decentralized applications (dApps) capabilities and build solutions at scale. Businesses can leverage Orbs’ cloud system overseen by validators to manage customer data on a decentralized public network. Additionally, Orbs enables interoperability, ensuring that contracts deployed are compatible across various blockchains.
ORBS tokens are essential for transactions within the Orbs network, particularly for decentralized applications. Moreover, ORBS holders have the opportunity to serve as validators and earn rewards for bolstering network security.
Easily buy ORBS tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the ORBS/USDT trading pair.
You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for SAITAMA with zero fees and no price slippage by using OKX Convert.
Dive deeper into Orbs
Orbs (ORBS) is an open, decentralized public blockchain operating on a permissionless network with a Proof of Stake (PoS) consensus mechanism. The platform facilitates interoperability by supporting two primary Layer 1 networks: Ethereum Virtual Machine (EVM) and The Open Network (TON).
What is Orbs
Orbs, a hybrid decentralized blockchain, combines the benefits of the PoS consensus mechanism with a unique virtual chain infrastructure. This blend aids in the creation of the next wave of decentralized applications (dApps). The platform offers both client and smart contract development kits (SDKs), enabling development to be secure, efficient, and cost-effective. At the same time, with isolated virtual chains, Orbs ensures that congestion on one chain doesn't hinder the performance of others.
The Orbs team
The Orbs team consists of professionals with backgrounds in blockchain and cryptocurrency. Daniel Peled serves as Orbs' president and is also the co-founder and CEO of the fintech startup, PayKey. The team also includes Tal Kol, co-founder of Appixia, which was acquired by Wix.com, Netta Korin, formerly an investment banker on Wall Street, and Uriel Paled, a blockchain consultant. The team has collaborated with ventures such as Polygon Labs as part of their ongoing efforts for the platform.
How does Orbs work
Orbs has three main features: Virtual chains, randomized Proof of Stake, and cross-chain interoperability. Virtual chains operate on a shared node infrastructure, ensuring isolation between chains and preventing congestion. The platform's unique PoS model, known as Randomized Proof of Stake (RPoS), ensures security and scalability by randomly selecting validators from a broad pool and utilizing smaller committees for consensus. Finally, through smart contracts, Orbs offers a bridge to Ethereum, allowing users to tap into Ethereum's capabilities without exiting the Orbs environment.
ORBS tokenomics
There is a maximum supply of 10 billion ORBS. ORBS is used as a means of payment on the platform, primarily used to settle application execution fees. Moreover, the token also plays a pivotal role in electing public network permissionless validators in a secure and decentralized manner.
ORBS distribution
ORBS tokens were distributed in the following way:
- 55 percent to long-term reserves.
- 20 percent to private sales.
- 20 percent went to the team and founding partners.
- 5 percent to project advisors.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.