Orbs

ORBS

Orbs Price, ORBS Price, Live Charts and Marketcap

$ 0.01900293+3.10 %

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Price of Orbs today

The live price of Orbs is $0.019 per (ORBS / USD) today with a current market cap of $2.4M USD. The 24-hour trading volume is $6.3M USD. ORBS to USD price is updated in real time. Orbs is +3.10 % in the last 24 hours. It has a circulating supply of 4,553,537,039.637 .

What is the highest price of ORBS?

ORBS has an all-time high (ATH) of $0.36, recorded on 16-03-2021.

What is the lowest price of ORBS?

ORBS has an all-time low (ATL) of $0.005, recorded on 20-12-2019.

Orbs market information

Market cap$86,511,171.00+2.85 %

Fully diluted market cap$189,986,751.00

Market rankings#455

24h volume / market cap$6,283,615.00+3.10 %

Circulating supply4.6B ORBS

Total supply / Max supply10.0B ORBS10.0B ORBS

Orbs Information

The ORBS token is associated with Orbs, a decentralized Layer-3 (L3) blockchain infrastructure designed specifically for advanced on-chain trading. Here's a brief overview based on the available information:

Purpose: ORBS tokens are utilized within the Orbs network to pay for services from infrastructure operators and to manage the protocol. They are the native token of the Orbs platform, which aims to bridge the gap between public and private blockchains, offering scalability, low fees, performance, security, and ease of use for mass-use applications.
Functionality:
- Payment for Services: Users use ORBS to pay for transactions and services on the Orbs network.
- Validator Selection: The token is integral in a Proof-of-Stake (PoS) system where it helps in selecting validators for the network.
- Incentive System: ORBS tokens incentivize participants in the network, contributing to its security and operation.
Technical Details:
- Total Supply: The total supply of ORBS tokens is fixed at 10 billion.
- Distribution: The tokens are distributed with allocations like 55% for long-term reserves, 20% for private sales, 20% for the team and founding partners, and 5% for advisors.
- Ethereum Integration: ORBS operates as an ERC-20 token on the Ethereum blockchain, allowing for interoperability with Ethereum's ecosystem.
Market Information: As of the latest data, ORBS was trading at around $0.02681 USD with a 24-hour trading volume of about $9 million. It's listed on various exchanges like Gate.io, OKX, and WhiteBIT, among others.
Use Cases: Beyond the core blockchain operations, ORBS tokens support decentralized finance (DeFi) applications, providing solutions for aggregated liquidity, advanced trading orders, and decentralized derivatives, aiming to offer a trading experience as efficient as centralized finance (CeFi) but with the benefits of decentralization.
Governance and Security: The network uses a randomized proof-of-stake (RPoS) model called Helix for consensus, which is designed to be both fast and secure, with validators chosen randomly for each consensus round.

This summary provides an overview of what the ORBS token is and its role within the Orbs ecosystem. Remember, the crypto market is highly volatile, so prices and market positions can change rapidly.