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About $ORBS
The Orbs token, or ORBS, is the native token powering the Orbs network. The latter is a decentralized public blockchain infrastructure.
The ORBS token is an ERC-20 token deployed on the Ethereum blockchain. It mainly serves as a medium of exchange within the Orbs ecosystem. It’s important to note that the ORBS coin is the only payment method available on the platform.
In addition, the ORBS token facilitates the process of securing the network as it’s used to elect Validators.
There is a total supply of 10,000,000,000 ORBS, all of which have already been pre-mined. They have been distributed as follows:
- 55% - Long-term Reserves dedicated to the project’s development, ecosystem, and partners;
- 20% - Private Sale;
- 20% - Team and Founding Partners;
- 5% - External Advisors.
The Token Distribution Event was hosted in March of 2019.