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BitOrb (Orbyt)

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BitOrb is a cryptocurrency derivatives exchange.

BitOrb White Paper Whitepaper

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4.7/5 3 votes
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Ticker
Orbyt
Type
Security
FoundedSingapore
Registration countrySingapore
Office addressHundred X Holdings Ltd. 1st Floor, Felix House, 24 Dr. Joseph Riviēre Street Port Louis, Mauritius
Hundred X Sdn Bhd 42-2, Jalan Medan Setia 2 Plaza Damansara 50490 Kuala Lumpur, Malaysia
Hundred X Pte Ltd 20A Tanjong Pagar Road Singapore 088443, Singapore

What is BitOrb

BitOrb is an innovative cryptocurrency derivatives exchange with micro-second latency for high frequency trading and the most competitive fee structure amongst its peers, featuring Orbyt, the native security token of the BitOrb Exchange. The Orbyt Token is made to provide its token holders one of the best value propositions available in the market, which includes discount on trading fee and a share of the company’s net profit. The profit share will be paid out in Bitcoin. BitOrb also introduces a first-of-its-kind feature – The Orchestrator, an advanced automated trading tool giving traders the ability to trade 24/7.

BitOrb aims to make all relevant disclosures to its users and regulators alike, so that our users can trade with a peace of mind.

We are partnered with BitGo to secure our digital assets. BitGo is trusted by leading exchanges such as Kraken, Bitstamp, Upbit and Nexo

BitOrb is also partnered with Onfido to provide highest levels of KYC and AML global compliance. Onfido is also trusted by HSBC , Transferwise and Bittrex.

BitOrb Roadmap

1
SEP – DEC 2018 - PRE-SEED ROUND

Prototype Build.
Office Setup.
Advisor Appointments.

2
JAN – MAR 2019 - SEED ROUND

Exchange build
Talent acquisition
Marketing preparations

3
APRIL 2019 - STO PREPARATIONS 1

Brand building
Whitepaper completion
Website completion
Corporate /Regulatory matters
Sales team

4
MAY 2019 - STO PREPARATIONS 2

Exchange beta site ready
Brand awareness

5
JUN – JUL 2019 - ORBYT TOKEN SALE 1

Website goes LIVE
Exchange testing
Talent acquisition

6
JUL – AUG 2019 - ORBYT TOKEN SALE 2

Exchange completed
Security tests
Talent acquisition

7
SEP – OCT 2019 - TESTING

Security tests
Public testnet
Team training

8
NOV – DEC 2019 - DEPLOYMENT

Exchange goes LIVE

9
2020 - FUTURE PLANS

Additional contract and pairing offerings
Exchange listings of the Orbyt Token
Native IOS/Android apps
Enhancement of Orchestrator tool

Token Sale Dates

ICO

Start date: Jun 03, 2019
End date: Aug 30, 2019

Token Allocation

Total Token Supply 200,000,000

Funding Details

Soft Cap 1,000,000 USD
Hard Cap 20,000,000 USD

Restrictions

Residents of the following countries are prohibited from participating
Singapore, Malaysia, USA, China

Token distribution


Token Sale - 50%
Token Payment Reserve - 20%
Investors, Team, Advisors - 20%
Bonuses - 5%
Bounty - 5%

Funds allocation


Product expansion - 20%
Operations - 20%
User Acquisition - 20%
Insurance fund  - 20%
Marketing - 15%
Legal - 5%

Token Price and Payment Options

Token price USD 1 Orbyt= 0.1 USD
Accepted Currencies BTC,ETH

Project team

Lim Hoong-Teng
Lim Hoong-Teng
CHIEF EXECUTIVE OFFICER
Lim Hoong-Teng linkedin-team
Jeremy Francis  Fernandez
Jeremy Francis Fernandez
CHIEF TECHNOLOGY OFFICER
Jeremy Francis  Fernandez linkedin-team
Muhammed Umair
Muhammed Umair
CHIEF MARKETING OFFICER
Muhammed Umair linkedin-team
Joel Ives
Joel Ives
CHIEF FINANCIAL OFFICER
Joel Ives linkedin-team
Lee Tuan Khoon
Lee Tuan Khoon
HEAD OF PRODUCT DEVELOPMENt
Ming Hoe
Ming Hoe
ALGORITHMIC TRADING EXPERT
Ming Hoe linkedin-team
Peng Fei Lang
Peng Fei Lang
FUTURES & OPTIONS EXPERT
Peng Fei Lang linkedin-team
Hooi Eng Phang
Hooi Eng Phang
GOVERNANCE & STRATEGY ADVISOr
Arif Siddiqui
Arif Siddiqui
BLOCKCHAIN & INNOVATION ADVISOR
Arif Siddiqui linkedin-team
Christian Li
Christian Li
CORPORATE STRATEGY PARTNER
Christian Li linkedin-team
Devtar Singh
Devtar Singh
CYBERSECURITY ADVISOR
Devtar Singh linkedin-team
Lim Ming Wang
Lim Ming Wang
BUSINESS STRATEGY CONSULTANT
Lim Ming Wang linkedin-team

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