If you have never heard of OBITS before, here is the tagline from OpenLedger, the issuer of the OBITS token.
Holding OBITS entitles you to become a part owner of the bright future that lies ahead of OpenLedger. OBITS owners have an access to share in the profits issued by the organization. Just like a real life business, you will also be entitled to cast votes on key decisions made by the issuer. Buying OBITS is the equivalent of buying an early stake in a ground-breaking technology company.
All holders of OBITS should have received a message today in their Open Ledger accounts, along with a free gift of 1 BTS. The message contained a username/password in order to cast a vote on an important matter.
The two matters that OBITS holders are voting on is what to with profits and how to perform buybacks. Currently, OBITS are bought back and burned (destroyed), which should have the effect of raising the price of the underlying asset.
Two additional options are being discussed.
Sharedrop: All profits from OpenLedger will be dropped proportionately to OBITS holders, 90% in BTS and 10% in BTC.
Hybrid: 50% of profits will be used in a sharedrop, while 50% will be used to buyback tokens.
As of publication, the hybrid model was the clear winner.
You can check on how the vote is proceeding at obits.io/vote. Voting will be open until August 1st.
Interesting post!
When was obits created?
OBITS has been around since 2016. Very interesting coin/platform still to this day.
Nifty! You have to be logged in to see the message. Just press the green "transfer" sign and find the info regarding your account.
Wish I participated in this ICO! I think OpenLedger is going to be a major player in the future!
You can still buy OBITS really cheap. Like under 8 BTS.
OL is really innovating. Hope it really catches on.
I keep getting an error message when trying to purchase the OBITS on OpenLedger. I will try again later!
Solid article. Interesting to see I'm not the only one that is thinking about this. I really believe in the ico model, why do wealthy people are only allowed to invest in early stage startups. The issue is that the ico scene currently doesn't have any due diligence, besides that they have 0 obligations to their token holders, this is the issue we have to fix. I found this great website: https://www.coincheckup.com I don't know any other site that gives such good inisghts in the team, the product, advisors, community, the business and the business model, etc. Go to: https://www.coincheckup.com/coins/OBITS#analysis For the OBITS Analysis.