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Ratings BitOrb Exchange

Let's Get Into Orbyt

BitOrb is an innovative cryptocurrency derivatives exchange with micro-second latency for high frequency trading and the most competitive fee structure amongst its peers, featuring Orbyt, the native security token of the BitOrb Exchange. The Orbyt Token is made to provide its token holders one of the best value propositions available in the market, which includes discount on trading fee and a share of the company’s net profit. The profit share will be paid out in Bitcoin. BitOrb also introduces a first-of-its-kind feature – The Orchestrator, an advanced automated trading tool giving traders the ability to trade 24/7.

2.9
3 2 expert ratings
Benchy 3.3
KYC
Experts
3.0
2.5
2.0
Review: coming soon PRO
~$1,515,650
value of tokens sold in ICO
Ended
Token
ORBYT
Type
Price in ICO
0.1000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
Singapore, Malaysia, USA, China
ICO start
3rd Jun 2019
ICO end
29th Sep 2019
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Juan Pablo Fernandez Aguero
Business Strategist and CEO
Rated on Jul 29, 2019
3
4
3
24%

Team ★★★
Vision ★★★★
Product ★★★

The team is too much centralized, and definetely they need blockchain, ICO and fundraising experts on their crew.

I like the profit share model because they offer it with btc payments, something that increase the value of the token and holders will not dump it, interesting.

But the product is just a whitepaper. They don´t have a working mvp and the exchanges seems too focused on trading bots. That is good for the holders, but it doesn't guarantee anything about real user base and volume.

Risky, but intersting, good luck BitOrb!

+5Agree
+4
-1Disagree
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Igor Karavaev
Blockchain Enthusiast
Rated on Jul 18, 2019
3
1
1
24%

Where is the MVP? The link here is dead. Why should I “request whitepaper” to read? The whitepaper should be open to everyone. Here I see old-fashioned fundraising attempt to make ICO with very negligent approach. Why the hardcap exceeds the softcap 20 times? What about analysis of competitors in such competitive area as exchanges?

Agree
-5
-5Disagree
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Umair SiddiquiICO team member replied on 22 Jul 2019
Hi Igor, we understand there may be some confusion that has led to your review. First, the MVP is actually available and it has been the case since January. It’s shown during private viewings for large investors. For reasons of proprietary information and to boost our competitive edge when we go to market in December this year, we will delay showing the workings of the exchange to the general public until the testnet is open in Q4.

Second, BitOrb has a native security token that provides benefits to token holders. As such, a security token requires at minimum, KYC and AML checks for each and every investor. Unlike an ICO, our STO provides investors with an underlying asset that links their token valuation to the performance of the exchange via future profit sharing. As you would know, security tokens or digitised securities as they are legally identified, is fast becoming the next evolution of the digital asset market. The other attraction for investors is that it is a regulated market. Unbeknownst to many, there are restrictions as to who can buy tokens and in some jurisdictions even advertising is limited. So a whitepaper request is necessary in some countries such as to comply with local regulations. Our experience and expertise on the matter has led us to host abridged versions of the BitOrb (restricted to certain materials) website in selected nations.

Third, we are offering tokens to those who invest so that we can build a war chest for our marketing and expansion campaigns in 2020. Actually we don’t have a soft cap, but was required to put one for icobench. Regardless of our STO raise, the exchange will go LIVE in December. The more we can raise the better, and even if we raise only 5% of our target, we are still able to use those funds effectively for user acquisition.

Fourth, we do refer to competitors in discussions and presentations, but we think it is inappropriate to place any competitor names within our whitepaper. Not all of our team members are from the cryptocurrency industry, but together we have a lot of knowledge and experience to know that we must maintain professionalism across everything that we publish.

We like independent reviews and we do not pay anyone for ratings. Although your review score has lowered the overall rating, there are two things we want you to know:
1. We encourage you to reach out to us and we can do an AMA and show you our exchange in development today.
2. Icobench gave a rating of 4.9. We have met many of its requirements and we have another popular rating site that is giving us a high rating as well. We had to do an AMA with them and show our MVP. Perhaps you will rate us better if you got to know us.
Benchy
ICO analyzer bot
3.3
53%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Lim Hoong-Teng
Passed
Jeremy Francis Fernandez
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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