ORB

Orbcity price

ORB
|
3.1/5
CyberScope
3.1
06/21/2024
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USD
USD
$0.021758
+3.61%
1h
24h
1W
1M
1Y
All

Orbcity price live data

The current price of Orbcity is $0.021758. Since 00:00 UTC, Orbcity has increased by +3.62%. It currently has a circulating supply of 238,444,245 ORB and a maximum supply of 1,000,000,000 ORB, giving it a fully diluted market cap of $5.19M. At present, Orbcity holds the 299 position in market cap rankings. The Orbcity/USD price is updated in real-time.

Orbcity price performance in USD

Time periodChange amount%Chg
Today$0.00075995 +3.61%
7 days-$0.00413 -15.96%
30 days-$0.01535 -41.37%
3 months-$0.01951 -47.28%

Orbcity market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.020009
Last price $0.021758
24h high$0.022578
Heat index ranking
98
Market cap ranking
299
Market cap
$5.19M
Favorited rate
Percentage of users who favorited this asset to all users
0.77%
All-time high
$0.66000
-96.71% (-$0.63824)
Mar 22, 2022 (2 years ago)
All-time low
$0.019250
+13.03% ($0.0025085)
Jun 19, 2024 (3 days ago)
ICO date
03/21/2022
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
238,444,245 ORB
Market cap at circulating supply
Market cap = Circulating supply × Last price
$21.76M

About Orbcity (ORB)

Orbcity (ORB) is a LandFi ecosystem native to the Polygon network, enabling the trading of LAND-based non-fungible tokens (NFTs). By merging decentralized finance (DeFi) and NFT gaming, Orbcity aims to foster financial inclusion within the metaverse. Users can leverage these digital assets on Orbcity to generate additional sources of income.

What is Orbcity?

Orbcity is a thriving metaverse that allows users to trade and delve into virtual universes. NFTs play a vital role within Orbcity's ecosystem, allowing users to explore and enhance districts in its decentralized world.

Orbcity operates on a dual-token system consisting of LAY and KlayCity (ORB) tokens to facilitate its economy. LAY tokens are generated through NFT minting and serve as virtual resources within the metaverse. These LAY tokens can then be exchanged for ORB tokens, which hold utility and governance functions within the Orbcity ecosystem.

The Orbcity team

The Orbcity team operates under a governance-based council system comprising 12 anonymous entities. The community selects These individuals through the governance system and receives rewards and salaries from Orbcity's governance treasury.

Council members can be nominated by District NFT holders and landlords within the metaverse. As mentioned in the official Orbcity whitepaper, the team lead is Jake, who has previous experience as an advisor to Sandbox Games.

How does Orbcity work?

Orbcity operates as a metaverse platform, allowing users to acquire NFTs such as districts, lands, and other entities within its virtual world. These NFTs can be upgraded and traded as desired. The primary token within the ecosystem is LAY, which can be considered an in-game or in-metaverse token. LAY tokens can be mined and are used for various purposes within the metaverse.

One significant function of LAY tokens is their exchangeability for ORB tokens. ORB tokens hold voting power and offer additional utility, such as upgrading districts within Orbcity. This combination of gaming and financial elements blurs the boundaries between NFTs, metaverse experiences, and DeFi, providing users with both recreational and financial benefits within the Orbcity ecosystem.

Orbcity’s native token: ORB

Orbcity's native token, ORB, plays a central role in its dual-token economy. ORB provides governance benefits, allowing token holders to participate in decision-making processes and shape the platform's future development. Additionally, ORB tokens can upgrade virtual resources within the Orbcity metaverse, enhancing the overall user experience.

While Orbcity has migrated to the Polygon (MATIC) network, ORB tokens adhere to the ERC-20 standards. This compatibility ensures that ORB tokens can be securely stored and efficiently managed using various wallets.

ORB tokenomics

ORB tokenomics are designed with a 1 billion ORB tokens hard supply cap. Currently, only 13 percent of the total token supply is in circulation.

How to stake ORB?

While information regarding staking ORB tokens is limited, the ORB official whitepaper suggests that ORB tokens can be staked by locking them in smart contracts, which may offer incentives as a reward for participation.

ORB use cases

ORB tokens serve multiple use cases within the Orbcity ecosystem. Firstly, they grant holders the ability to participate in the governance model of Orbcity, enabling them to exercise voting rights and contribute to decision-making processes.

Additionally, ORB tokens can be utilized to upgrade districts and play a vital role in managing various operations within the ecosystem. Furthermore, ORB tokens can be exchanged for LAY tokens, which are used for in-game transactions and interactions within the metaverse.

ORB token distribution

Although the project doesn't explicitly disclose detailed token distribution, ecosystem insights suggest the following allocation:

  • 44 percent of the tokens were distributed via mining rewards
  • 18 percent of the tokens were allocated to the project's core team
  • Another 18 percent of the tokens were distributed to early supporters
  • 7 percent of the tokens were set aside to support the project's ecosystem
  • 6 percent of the tokens were allocated for marketing initiatives
  • 4 percent of the tokens were set aside to incentivize liquidity providers
  • 2 percent of the tokens were reserved for a development fund
  • 1 percent of the tokens were allocated to support liquidity provision

Orbcity: Redefining metaverse games

Orbcity (ORB) is revolutionizing the concept of metaverse games by integrating NFTs and DeFi, transforming metaverses into decentralized finance hubs. The project has gained notable partnerships with industry-leading brands such as Naver Z, Animoca Brands, AT&T Capital, Magic Eden, Huobi, and more. With a strong emphasis on the creator economy, Orbcity supports storytelling and content creation, providing all the essential elements to redefine the landscape of metaverse and blockchain gaming.

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ORB FAQ

What is Orbcity?

Orbcity is an innovative LandFi project that introduces a unique concept of Land-based NFTs to generate income streams. It operates as a metaverse within the Polygon (MATIC) ecosystem, strongly focusing on content and environmental sustainability. Orbcity enables users to purchase, sell, and upgrade their districts using ORB tokens. This dynamic ecosystem provides opportunities for users to earn and utilize ORB tokens while enjoying the benefits of a vibrant virtual world.

What are the benefits of Orbcity?

The benefits of Orbcity include simplified DeFi onboarding and exploration by integrating NFTs. It operates as a LandFi metaverse with a dual-token economy. LAY tokens are used for NFT minting and generating incentives, while ORB tokens are associated with governance and upgrades.

Where can I buy ORB?

Seamlessly purchase ORB tokens on the OKX spot trading terminal. We currently offer the ORB/USDT trading pair. 

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Chainlink (LINK), for ORB with zero fees and no price slippage by using OKX Convert.

How much is Orbcity worth today?
Currently, one Orbcity is worth $0.021758. For answers and insight into Orbcity's price action, you're in the right place. Explore the latest Orbcity charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Orbcity, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Orbcity have been created as well.