BitOrbit price

BITORB

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BitOrbit aspires to be more than just a platform, but rather a “movement that urges users to take back control of their social experience.” The app is to be focused on the best combination of social functions while respecting the user’s privacy. That is why BitOrbit chose to build on a decentralized blockchain. It allows the application to improve trust, transparency, and efficiency without intermediaries, as is common to traditional social media.

The main components of the BitOrbit app will be:

• A sharing platform, where users can create and share content similar to what they are used to from social media like Facebook and Twitter. Furthermore, users will be able to monetize their content within the application.
• A built-in non-custodial crypto wallet that enables users to store and send cryptocurrencies within the BitOrbit app. Thus, the ecosystem will not have to rely on external solutions for monetization, greatly reducing friction in the process.
• A peer-to-peer chat, where one can create groups and socialize with other users on the platform.
• An application suite that will be similar to the bot function in applications like Telegram. BitOrbit will deploy React Native, allowing developers and creators to customize their applications, thereby opening up another way to personalize one’s experience on the app.
• An NFT generator that users can stake their BITORB with to earn non-fungible tokens.

In providing these tools, BitOrbit empowers creators from the start to sell and distribute content on its application and monetize it natively, instead of them having to funnel their followers to an external site. Unlike traditional, centralized social media networks, BitOrbit vows to be firmly rooted in decentralization, democracy and open-source building. It thus aspires to build a real alternative to old social media networks.

BITORB is a deflationary utility token, where each transaction on the social network gets taxed, and the taxed amount is subsequently burned. Furthermore, token holders can use their tokens to vote for new features and receive unique NFTs generated by the native BitOrbit NFT generator. The total supply of BITORB is 1 billion and is distributed as follows:

• Team: 15%
• Advisors: 6%
• Liquidity: 12%
• Ecosystem: 18%
• Reserve: 5%
• Staking: 20%
• Private sale: 20%
• IDO: 3%
• Airdrop: 1%.

The initial supply at listing was 23 million and BITORB was listed at a public price of $0.007. The token was launched on Velaspad; a launchpad focused on projects incubated on the Velas blockchain that is also a project of BlueZilla.

Check out VelasPad — a Velas-based launchpad.

Check out MetaVPad(METAV) — a metaverse launchpad.

Read our deep dive into BitOrbit.

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