Bitcoin Exchange ‘Ramps-Up’ OBITS Cryptocurrency Profits For Future Buyback

By November 28, 2015Bitcoin Business
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The cryptocurrency exchange behind the recently launched OBITS currency initiative, CCEDK, is increasing the future payouts derived from profits and fees generated through user registrations on OpenLedger and other associated revenues – including profits from a start-up ‘crypto’ casino project. As a sweetener over Black Friday it is offering the same Friday price this Saturday.

Instead of 40% of generated OpenLedger-registration fees as previously indicated this October, the operator reveals that is now able to add the entire profit generated from this account – upping it to 80% – with 20% utilized for running the network.

As such all profits of registrar (CCEDK) account ‘Openledger-reg’ of, the ‘de facto’ BitShares 2.0 platform, generated since launch on October 13 will now be included in the first buyback, which is expected in February 2015.

La Maison du Bitcoin shown in Paris, France, June 20, 2014. (Photo credit: Stepahane De Sakutin/AFP/Getty Images).

Effective December 1 2015 all profits generated from FUN-CASINO, a start-up crypto casino that is operated by Bitcoin Ecosystem participants and CCEDK partners, will also be included in any future buyback. This casino initiative is an anonymous online cryptocurrency casino that offers games for Bitcoins and fun chips.

And, fees from, a platform that is designed for the world to “share crypto and tip each other” whenever possible according to CCEDK. ‘Have a Heart’ is part of their slogan and it has a Social tipping dimensions.

ShareBits is developed by the team Freebie LLC specialized in open software solutions and will be added to the list of profits during the month of December with a estimated minimum of 35%.

Perhaps more importantly though 60,000 ShareBits, the cryptocurrency of ShareBits, out a total of 250,000 tokens totally to be issued, will be sold at highest offer. Specifically, the offer will be based on demand at the time of introduction on market in January 2016.

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And, the resulting profits will be included in first buyback as well that is expected in February 2015. Any initial costs involved are approximately equivalent to US$2,200 in crypto, which will be deducted.

Obits Market: ‘Sell Wall’ Created

From the public launch next Tuesday (December 1) it will be possible to buy and sell OBITS on OpenLedger in various crypto and fiat (no fiat on OpenLedger) currencies in the following markets: BTS/OBITS (already active), OBITS/OPENMUSE, OBITS/OPENBTC, OBITS/BTC, OBITS/OPENLTC, OBITS/PPC, OBITS/DASH, OBITS/DOGE, OBITS/CNY, OBITS/USD, OBITS/EUR and OBITS/NBT.

And, broadly the same offering will apply for the OBITS market on Danish exchange CCEDK at launch time, except the fiat option is here also possible through a created so-called ‘Sell Wall’. All purchases of OBITS with fiat where users are able to provide copy of confirmed transfer will be sold at the rate of the day of transfer.

ShareBits' logo and tagline prior to the public launch scheduled for December 1, 2015. (Source: CCEDK)
ShareBits’ logo and tagline prior to the public launch scheduled this December 1, 2015. (Source: CCEDK/OpenLedger).

“OBITS is not only a token and cryptocurrency, it is in fact also a market marker in terms of the potential markets possible to create as is clearly described in above markets presented,” states Ronny Boesing, CEO of CCEDK and Openledger.

The Dane further contends that: “It’s our aim to make OBITS a market maker in action as well as being a market maker for future projects needing a safe haven to blossom.”

During the pre-sale period orders for OBITS are being accepted in Bitcoin (BTC), BitShares (BTS), Ethereum (ETH), Litecoin (LTC), DASH (formerly known as Darkcoin and XCoin), Dogecoin (DOGE), Peercoin (PPC) and NuBits (NBT).

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By virtue of CCEDK’s multi-currency account facility, clients can make transfers to buy OBITS and other cryptocurrencies such as Bitcoin in 16 fiat currencies – including USD, EUR, CAD, CHF (Swiss Franc), CNY (Chinese Yuan Renminbi), HKD, AUS, NZD, JPY as well as Nordic currencies (SEK, NOK and DKK).

In regard to the extended Black Friday offering this Saturday and for those quick enough to act pre-launch, the price being quoted for one OBIT is 23.11 BitShares (BTS) and 0.00020452 Bitcoin (BTC). Given the recent uptick in Bitcoin’s price from low levels this could present a good buying opportunity to stock up on OBITS – dare I say it.

A total of 18 different languages are expected to be up and available during the first week of December on, where the automatic countdown of total supply available and sales from site can be viewed. And, for the Chinese market a cloud server is being enabled from launch date to facilitate speedy access to the OBITS’ website for orders and payments. Carpe diem.

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