Hotbit will launch OBS (One Basis Share) Recently

Dear Respected Users,

Hotbit is scheduled to list OBS (One Basis Share), the specific launch time is waiting for the subsequent official announcement.

Trading Pair: OBS /USDT

Project Name: One Basis Share

Abbreviation: OBS

Project Introduction 

       OBS is an economic incentive mechanism algorithm stablecoin project and decentralized platform based on Binance Smart Chain. The transaction speed is faster, the efficiency is higher, the handling fee is lower, and the operation cost is reduced. Combining the experience of liquidity mining and flexible stablecoins, a set of relatively complete money market adjustment mechanism is formed, and its income model and product form are more abundant. The essence of "currency" envisioned by Satoshi Nakamoto is an encrypted native token based on cryptography to achieve decentralization. Although digital currencies issued by commercial institutions or central banks use blockchain technology, they have strong centralization properties; algorithmic stablecoins are encrypted native tokens that are more in line with Satoshi Nakamoto's vision.

         Before introducing algorithmic stablecoins, let's review the evolution and development of stablecoins, so as to observe how stablecoins realize the "currency" form envisioned by Satoshi Nakamoto step by step. The representative of the first generation of stable currency is USDT, which tokenizes legal currency and builds an important bridge between legal currency and cryptocurrency. The second-generation stablecoin attempts to build a decentralized stablecoin, the representative of which is MakerDAO's DAI.

Token type: BEP-20

Total supply: 98,000 OBS

Circulating supply： 98,000 OBS

Official Website: https://onebasis.org/#/

Explorer: https://bscscan.com/token/0x095956b142431eb9cf88b99f392540b91acbf4ad 

Risk warning

The investment on cryptocurrency projects is subject to high market risks.Please make your investments cautiously. Hotbit will make best efforts to choose the cryptocurrency projects with high quality,but Hotbit will not be responsible for any of your investment losses.

Thank you for your support！

Yours truly

Hotbit Team 

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