OpenLedger - A Cryptocurrency Exchange You Can Invest In
Why not profit from the trading of cryptocurrencies? With the volatile nature, exchanges win every time with fees. More traditional state based exchanges continue to be targeted by governments and criminals so the need for a decentralized exchange is greater now than ever.
If you have ever wanted to own an exchange, you're in luck. Well, you wouldn't technically own it, but you can share in the profits it generates from many actions of it's users. Let me explain:
OBITS tokens are hosted on OpenLedger, a cryptocurrency exchange powered by the BitShares network. Owning OBITS tokens allows you to share in the profits of the OpenLedger exchange. There is a limited supply of OBITS tokens similar to shares of stock in a company. Once a month, profits from the exchange are used to buy back the tokens. Once tokens are purchased, they are burned (destroyed) thereby reducing the number of tokens available.
This makes the tokens more valuable. Companies will also buy back their stock when they feel it is undervalued, taking shares off the market. A lot of companies will also pay a dividend when they have extra cash on hand. There may be a time when OBITS holders could be paid a dividend in BTS (BitShares) or even BTC (Bitcoin).
1. To open an account and start investing, go to: OpenLedger.
2. Learn more about OBITS.
3. Learn more about BitShares.
OpenLedger works phenomenally well. An exchange built on the blockchain is as secure as it comes. Plus, you can share in the success buying OBITS which actually commits to purchasing and burning coins with their profits! Supply continues to decrease for real appreciation, no hype needed.
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Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.
99% of people have no ability to use gold in any capacity. It is only sought after and 'valuable' because they know the 1% of people know how to add value to it i.e. making jewelry or manufacturing. Gold is a store of wealth, not a currency.
Bitcoin actually has more properties of 'value' than the United States Dollar. There are only so many of them - they are finite. Dollars can be printed and created out of nowhere at anytime.
when are open ledges going to be active
p.s good info thanks
Is it open now to the public?
Another cool idea to look into! It seems a lot of exchanges are making their own tokens.