The current price of Orbs is $0.030560. Since 00:00 UTC, Orbs has decreased by -2.24%. It currently has a circulating supply of 4,527,115,159 ORBS and a maximum supply of 10,000,000,000 ORBS, giving it a fully diluted market cap of $138.30M. At present, the Orbs coin holds the 0 position in market cap rankings. The Orbs/USD price is updated in real-time.
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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.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.5K new posts about Orbs, driven by 703 contributors, and total online engagement reached 3.8M social interactions. The sentiment score for Orbs currently stands at 43%. Compared to all cryptocurrencies, post volume for Orbs currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Orbs.
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Posts
2,475
Contributors
703
Interactions
3,815,620
Sentiment
43%
Volume rank
#0
X
Posts
1,373
Interactions
503,811
Sentiment
67%
ORBS FAQ
What is Orbs, and why is it important?
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.
What are the benefits of holding ORBS?
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.
What is the ORBS price prediction?
While it’s challenging to predict the exact future price of ORBS, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is Orbs worth today?
Currently, one Orbs is worth $0.030560. For answers and insight into Orbs's price action, you're in the right place. Explore the latest Orbs charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Orbs, 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 Orbs have been created as well.
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