CCEDK Launch OBITS on OpenLedger Allowing DEX Sharing

CCEDK Launch OBITS on OpenLedger Allowing DEX Sharing

Danish exchange CCEDK has created a new currency to reward holders with a share of its revenues from transactions and referrals, as well as income from new initiatives.

CCEDK CEO Ronny Boesing has announced the launch of a new token, named Obits, that will be used to reward holders with a proportion of revenues from activity on the exchange.

The token will be hosted on the decentralised financial system OpenLedger also named DEX, which is the de facto BitShares 2.0 platform. Described as a revolutionary fintech platform, OpenLedger aims to offer the advantages of decentralisation and control over balances with the speed and capacity of regular centralised exchanges. It is run as a collaboration between CCEDK and blockchain experts Cryptonomex, the developers of the Graphene toolkit, upon which the platform is powered.

A share in the future
Obits will provide holders with rewards based on trading commissions, withdrawal fees and referrals on OpenLedger. Furthermore, over time new revenue streams will be added as more elements are added by CCEDK – including fiat gateways, Ripple, PayPal and NanoCard integration, to name just a few.

"Obits is based on the fees of an array of profit centres from within OpenLedger and its many opportunities made available with the de facto BitShares 2.0 decentralised trading platform. It is a token full of great stuff, with great potential," Boesing explains.

Boesing’s hope is that Obits will allow ordinary members of the public to profit from the wide range of crypto projects CCEDK supports, as well as the signature volatility that more often puts off newcomers, without needing a deep understanding of either the technology or the markets.

Pre-launch sales
A total of 18,276,898 Obits will be available. The bulk of these will go on public sale on December 1. However, 20 percent of the supply is reserved for pre-sale. All pre-sales are being managed personally by Boesing himself, who can be contacted at ronny @ ccedk dot com. Once purchased, tokens will be hosted on OpenLedger. As a Decentralised Autonomous Exchange, balances are always auditable and available in full.

"In order to make OBITS available to as broad an amount of interested future owners as possible, it is possible to buy OBITS with Bitcoin (BTC), BitShares (BTS), Litecoin (LTC), Peercoin (PPC), DASH, DOGE, NuBits – always a dollar (NBT) and Etherum (ETH) and the fiat currencies EUR, USD, CNY," says Boesing.

Ultimately, the value of Obits will depend on the levels of activity within the OpenLedger and CCEDK systems, rather than being driven by speculation, as so many other cryptocurrencies are. Buybacks funded by the exchange’s profits will be held on the first day of every month, providing liquidity for those who wish to cash out. These tokens will then be burned to increase the value of the remainder. Tokens can also be traded peer-to-peer, just like other cryptocurrencies.

Ownership of Obits will give holders rights like the shareholders of a traditional company, enabling them to vote on key decisions, with influence in proportion to the amount of Obits they have.

Obits: https://www.obits.io/


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