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In the coming months, BitOrbit will launch a federated social media platform, data marketplace, and chat application, all aimed at providing content creators with a more effective way to monetize their work, grow their audience, and establish their personal brand.

 

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About BitOrbit

To take on the likes of Meta (previously Facebook), Twitter, and Instagram, BitOrbit is developing a decentralized application (DApp) that lets users easily create, share, and monetize their own content without compromising their privacy.

 

First DApp to use a high-speed cryptographic protocol system that allows approximately 75,000 transactions per second (TPS) and characteristics state of the art AI-assisted delegated proof of stake technology (DPoS) built on Velas blockchain. Because it is a fork of Solana with an automatically optimized consensus system, Velas can avoid the congestion and bottlenecks of older platforms.

 

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What is BitOrbit [BITORB]?

For the BitOrbit ecosystem, the BITORB utility coin is the heart of the operation, serving a variety of purposes. Stewardship and governance are all part of this. Transaction fees are also taken care of. The total number of BITORB tokens is limited to 1 billion. As a result of the network's transaction fee tokens being permanently destroyed, the token has a significant deflationary effect.

Social media is a powerful platform for commerce, and BitOrbit intends to make it easier for creators to sell and distribute their own content without relying on centralized intermediaries. With this, users and creators will be able to conduct transactions in a variety of cryptocurrencies, thanks to the integrated wallet's inclusion in the app.


 

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Who Are the Founders of BitOrbit [BITORB]?

 

In the same vein as Velas, BitOrbit is being built by the same team. Velas co-founder, as well as CEO Alex Alexandrov, is such a well figure in the blockchain community and a serial entrepreneur who established the popular cryptocurrency online payment CoinPayments. Roman Cherednik, Velas' chief technology officer, has more than a year of work working with technology companies.

The BitOrbit team is aiming to create a product that can compete with today's most demanded social media platforms in terms of design, functionality, and ease of use. To date, BitOrbit has been in development since the end of Q4 2020.

 

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What Makes BitOrbit Unique?

BitOrbit solves this problem by ensuring complete privacy for its users. No user data is harvested, but BitOrbit offers a unique connection solution that allows users to monetize their content quickly and easily, and they can use existing social networks to promote BitOrbit content. For the first time, users can keep all of the money they make from their sales.

Additionally, it addresses a common issue associated with social media: the issue of privacy. As one of their main revenue streams, these applications are well known for harvesting as much useful info as possible prior to actually trying to sell it to the winning price. So, despite the fact that many of these services are free, you're effectively paying with your personal information.

For people on social media and influencers who want to regain control of their confidentiality while still reaping the benefits of traditional social media, BitOrbit was created. Blockchain technology, community-created applications, and content, and a community-governed operational ethos are all used to achieve this goal.

On the Velas chain, a sophisticated fork of Solana, BitOrbit is one of the 1st DApps to be deployed. Among its many advantages are high throughput and near-limitless scalability, which allow it to support hundreds of thousands of simultaneous users.

 

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Where Can You Buy BitOrbit [BITORB]?

 

BIT tokens are exchangeable and they can be bought or sold on PancakeSwap (V2), and Wagyuswap as they work as one of the most active exchanges for buying this token. 

Frequently Asked Questions

What are the security precautions taken by the system?

Users will be able to safely store their cryptocurrencies on BitOrbit and conduct transactions between one another using an easy-to-use built-in wallet. Payments can be sent directly to any other user and service providers can request payment via invoice, both of which will help support the app's monetization features.

Are there any quick ways to buy BitOrbit [BITORB] in Europe?

Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.

On what factors does the price of the BitOrbit [BITORB] Depend?

Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact BIT price and market cap.


 

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BitOrbit Official website  – https://bitorbit.com/

 

BitOrbit Twitter – https://twitter.com/bitorbitapp















 

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