Article Summary, Automatically Generated By AI
Summary of BitOrbit (BITORB)
Overview
- Decentralized social media platform on Velas blockchain
- Allows users to monetize content on a trusted, private, and blockchain-based platform
Founders
- Co-production of Velas and BlueZilla
- BlueZilla: a launchpad for cryptocurrency projects with successful projects like Adapad, ETHPad, BSCPAD, and TRONPAD
Unique Features
- Focused on user privacy and decentralization
- Combines social functions with blockchain technology
- Main components: sharing
About BitOrbit: Empowering the Future of Digital Assets
Introducing BitOrbit (BITORB): A Revolutionary Cryptocurrency
BitOrbit is a decentralized social media platform built on Velas, a high-performance blockchain akin to Solana. By leveraging this cutting-edge technology, BitOrbit empowers users to monetize their content on a trusted, private, and blockchain-based ecosystem. The platform is specifically designed for influencers seeking to maximize their revenue streams while maintaining control over their privacy and creative autonomy, free from the constraints of intermediaries and gatekeepers.
By creating a personalized profile, users can monetize their content and seamlessly share their BitOrbit profile link across various social media platforms or via direct message. Furthermore, BitOrbit boasts an integrated chat feature and a secure, non-custodial cryptocurrency wallet, ensuring a seamless user experience. Currently, the application is under development for both Android and iOS devices.
The Visionaries Behind BitOrbit: Meet the Founders
BitOrbit is a collaborative endeavour between Velas and BlueZilla, a renowned launchpad for cryptocurrency projects, having successfully launched an array of notable projects, including Adapad, ETHPad, BSCPAD, and TRONPAD. BlueZilla, self-described as “an incubator like no other,” specializes in nurturing innovative ideas from conception to launch, leveraging its expertise in market-leading advisory, investment, development, influencer marketing, and legal support services. Notwithstanding its anonymous founders, BlueZilla has impressively incubated over a dozen projects, which have witnessed remarkable valuation growth, ranging from 38,000% to a staggering 1,200,000%.
Unveiling the Unparalleled Excellence of BitOrbit
BitOrbit envisions itself as a transformative “movement” that empowers users to reclaim their social experience. By striking a delicate balance between social functionality and user privacy, the app is poised to revolutionize the way we interact online. To achieve this, BitOrbit has opted to build upon a decentralized blockchain, thereby fostering an environment of trust, transparency, and efficiency – all while eliminating the need for intermediaries that have long plagued traditional social media platforms.
The core constituents of the BitOrbit application will comprise:
- A dynamic sharing platform where users can craft and disseminate content akin to popular social media outlets like Facebook and Twitter, with the added benefit of monetizing their creations within the application.
- A built-in, non-custodial cryptocurrency wallet, seamlessly integrated into the BitOrbit app, allowing users to securely store and transfer cryptocurrencies, thereby eliminating the need for external solutions and streamlining the monetization process.
- A peer-to-peer chat functionality, enabling users to create groups and engage in social interactions with fellow users on the platform.
- A comprehensive application suite, reminiscent of the bot function in applications like Telegram, built using React Native, empowering developers and creators to tailor their applications, thereby unlocking a new dimension of personalization within the app.
- An innovative NFT generator, where users can stake their BITORB to earn unique, non-fungible tokens, further enriching their experience on the platform.
By providing these tools, BitOrbit empowers creators from the outset to sell and distribute content directly on its application, thereby facilitating native monetization, rather than redirecting followers to external sites. In stark contrast to traditional, centralized social media networks, BitOrbit is deeply committed to decentralization, democratic principles, and open-source development, thereby striving to create a genuine alternative to conventional social media platforms.
What Is the Circulating Supply of BitOrbit (BITORB) Coins?
BITORB is a deflationary utility token, wherein each transaction on the social network incurs a tax, and the levied amount is subsequently destroyed, thereby reducing the token’s circulation. Moreover, token holders are empowered to utilize their tokens to cast votes for novel features and receive distinctive, uniquely generated NFTs courtesy of the native BitOrbit NFT generator. The total supply of BITORB is capped at 1 billion, with the distribution breakdown as follows:
- The Team: 15%
- Advisory Board: 6%
- Liquidity Provision: 12%
- Ecosystem Development: 18%
- Strategic Reserve: 5%
- Staking Incentives: 20%
- Private Token Sale: 20%
- Initial DEX Offering (IDO): 3%
- Airdrop Allocation: 1%.
The initial supply at listing stood at 23 million, with BITORB debuting at a public price of $0.007. The token’s launch was facilitated by Velaspad, a launchpad dedicated to projects incubated on the Velas blockchain, which is itself a project of BlueZilla.
The Security Architecture of the BitOrbit Network: A Robust Defense Mechanism
BITORB is a BEP-20 token native to the Binance Smart Chain (BSC), and also available on Velas, a cutting-edge, high-speed EVM blockchain capable of processing up to 75,000 transactions per second. As a hybrid of Solana and Ethereum, Velas boasts exceptional security and achieves transaction finality in a mere second, thereby empowering the development of cross-platform decentralized applications that seamlessly integrate code and user interface on-chain.
Acquiring BitOrbit (BITORB): A Comprehensive Guide to Exchanges and Marketplaces
BITORB is proudly listed on esteemed decentralized exchanges, including PancakeSwap (V2) and Wagyuswap, ensuring seamless accessibility for users.
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