Orbs is a public blockchain infrastructure designed to be scalable, secure, and easy to use. It's built for mass-use applications and supports a complete blockchain stack. The platform offers practical blockchain solutions for businesses and large-scale consumer applications. The Orbs protocol uses the ORBS token, which calculates commissions for executed applications and provides an incentive system for selecting validators, ensuring the integrity of the network.
Orbs was established in 2017 by a team of experienced engineers, businessmen, and scientists. The team includes Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled. They have managed to create an infrastructure that uses blockchain virtualization and randomized proof-of-stake (RPoS) to ensure blockchain scalability.
The ORBS token is the main means of payment on the Orbs platform. The total supply of ORBS tokens is fixed at 10 billion. These tokens are generated using a process called priming. The distribution of tokens is as follows: 55% for long-term reserves, 20% for private sales, 20% for the team and founding partners, and 5% for advisors.
ORBS tokens can be traded on various exchanges including Bithumb, KuCoin, Bittrex, OKEx, Indodax, ProBit Global, Upbit, Hotbit, Bilaxy, Coinone, Huobi Korea, LiteBit.eu, Bitsonic, KyberDMM (Kyber Dynamic Market Make Protocol), BHEX (BlueHelix Exchange), and Bitbns.
ORBS tokens are used to pay for services on the Orbs platform. They are also used to select validators and manage the protocol in general. The Orbs platform is used by businesses and large-scale consumer applications for its practical blockchain solutions.
In the rapidly evolving DeFi ecosystem, the Orbs blockchain platform has managed to implement a set of integrations with decentralized exchanges (DEXs). The platform has also developed two technologies: virtual chains and randomized proof-of-stake (RPoS). DApps that use Orbs deploy their own separate virtual chain to maximize performance, while the RPoS consensus mechanism ensures security and decentralization.
Orbs has been making significant strides in the tech space. It has integrated with the Harmony Network, a platform for assets, collectibles, identity, and governance. This integration is expected to boost the number of concurrently running dApps and increase the network's scalability. Orbs has also launched a tutorial on how to build a chat application using its platform, demonstrating its commitment to user education and engagement.
Recent news about Orbs reveals that it has been forming strategic partnerships to expand its reach. It has partnered with Polygon and DeFi.org to launch a new defi accelerator program, offering participants mentorship, funding opportunities, and market exposure. Orbs has also partnered with Gala Games to create The Orbs, a collection of audio-visual NFTs, further diversifying its offerings in the crypto space.
Orbs has been listed on several exchanges and decentralized platforms, increasing its accessibility for those wondering where to buy Orbs. It's now live on SushiSwap, a decentralized exchange running on Ethereum, and its native token ORBS has debuted on the DeFi platform SpookySwap. Furthermore, Orbs has introduced multi-chain staking on Ethereum and Polygon, providing more opportunities for users to earn rewards.
Despite the volatile nature of the crypto market, Orbs has experienced some bullish momentum, with its price going up by over 43% in a 14-day period. However, it's worth noting that the Orbs price today may not be indicative of its future performance due to the inherent unpredictability of the crypto market.