Orbs (ORBS) Price

What is Orbs?

Orbs is a public blockchain platform that combines scalability, low fees, high performance, and robust security features, aimed primarily at mass-use applications and large-scale consumer solutions. Founded in 2017 by a team of seasoned engineers, businessmen, and scientists, Orbs operates on a market cap of $128,282,736 and ranks 174th in the crypto ecosystem.

What Sets It Apart

Orbs stands out for its unique hybrid infrastructure that integrates seamlessly with existing Ethereum standards, allowing decentralized applications (DApps) to reap the benefits of both chains. This translates to improved security, liquidity, low tariffs, and better scalability. The platform is decentralized, transparent, and focuses on offering practical blockchain solutions for enterprises.

The Team Behind Orbs

Orbs was co-founded by Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled, each bringing unique expertise to the table. Daniel Peled is an active participant in the Israeli Bitcoin community, and also co-founder and CEO of fintech startup PayKey. Tal Kol is an expert in blockchain applications and was the former head of engineering at Kin. Netta Korin has a strong background in investment banking and philanthropy, while Uriel Peled is a consultant on multiple blockchain projects.

Supply Metrics

Orbs operates as an ERC-20 token on the Ethereum platform. It has a fixed total supply of 10 billion ORBS tokens, distributed as follows: 55% for long-term reserves, 20% for private sales, 20% for the team and founding partners, and 5% for advisors. The current circulating supply is 3,167,720,359 ORBS.

Security Features

The Orbs network uses a proof-of-stake (PoS) ecosystem called Helix, which incorporates randomized proof-of-stake (RPoS). This mechanism ensures a fast, secure, and decentralized network by randomly selecting validators from a set for each round of consensus.