2nd July: BitOrb is pleased to announce that the registration portal for the Orbyt token private sale is now live. Sign up and enjoy up to 10% Bonus Orbyt Tokens now until the end of 31st July. A step-by-step guide through the registration process is available below!
The registration portal for the Orbyt Token Sale is now live. What this means is that users are now able to create a login, complete a KYC process and purchase Orbyt Tokens.
What do I get if I purchase Orbyt Tokens?
Orbyt Token is a security token that is the native token of the BitOrb Exchange. Orbyt is a first-of-its-kind token that allows its token holders to earn a 20% share of the exchange’s net profit and a 30% discount on trading fees, making it one of the best exchange token value propositions available in the market. You can read more about the Orbyt Token in our whitepaper.
Benefits for joining the Orbyt Token Sale before 31st July;
1. Get 100 Orbyt Token airdrop worth $10, when you create an account and successfully complete and PASS the KYC process.
2. Get up to 10% bonus Orbyt Tokens before the end of July 2019.
A step-by-step guide to the BitOrb Token Sale registration Portal
STEP 1: Whitelist Registration
Fill in your personal particulars such as name, e-mail, phone number and country of residence to find out if you qualify to participate in the Orbyt Token Sale.
You may not be whitelisted if you reside in any one of the jurisdictions that are not allowed to participate in the Orbyt Token Sale due to the restrictions these countries have on token sales. These countries are;
Singapore, Malaysia, United States of America, Belarus, Balkans, Burma, Côte d’Ivoire, Cuba, Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, Zimbabwe.
In some cases, exemptions may be available to some accredited investors or sophisticated investors. Reach out to us to find out if you qualify for the exemptions by contacting us via email or chatting on Telegram.
If you have been successfully whitelisted, you will receive an email which will allow you to activate your account. Click on “activate account” and finish the account setting process by setting a password.
STEP 2: KYC Process
Here you will need to provide a government issued ID, passport or driving license for us to conduct some checks on your identity and authenticity of your documents. Our KYC are powered by Onfido.
For the KYC process, you will need to;
1. Fill in your particulars such as name, date of birth and gender as per your government issued document.
2. Fill in your current address of residence.
3. Attach a copy of the government issued document.
Once you have submitted your documents, you will see the screen below while the documents are checked. Document checks may take up to 10 minutes. At this point you may log out and once the checks are completed, you will receive an email from us.
Upon the KYC approval, you will see the following message on your screen.
We will send you an email to confirm that you have passed the KYC check. You will also get 100 Orbyt Tokens airdrop for completing this process. The Airdrop will only be disbursed into your BitOrb exchange wallet upon the launch of the exchange.
Common reasons for failure of KYC is due to quality of the image, if you provided a poor quality image, you may try again.
STEP 3 : Wallet creation and Token Sale creation
On this screen you will be able to contribute towards the Orbyt Token Sale. Please follow these steps;
1. Choose between BTC or ETH as your preferred choice for your contribution. The USD/BTC and USD/ETH rates are derived from Coinbase spot rates.
2. Fill in YOUR BTC and ETH that you will use to send your contribution
3. Insert the amount of your contribution in either USD or your preferred cryptocurrency and the calculator will calculate how many Orbyt Tokens you will receive including your bonuses.
Bonuses are available as per the schedule in the image below. Please note that a minimum amount eligible for bonuses is at least 5000 Orbyt tokens or USD 500.
After completing the steps above, a wallet address will be created for you to transfer your funds to BitOrb’s Cold wallet. Please note that BitOrb does not store any token sale funds online, all funds are transferred into a custodial wallet provided by Bitgo.
Please copy the address below and proceed to your BTC or ETH wallet to perform the transaction. After you have sent the transaction from your wallet, click “I’ve done the transaction.”
Please note that you will require the Transaction ID (txid) for the next step.
STEP 4: Getting confirmation of your transaction
After completing the steps above, you will be led to the following screen. Enter the txid for the transaction and the BTC/ETH address you used to complete the transaction and click “Submit.”
After clicking submit, your transaction will be pending until it is confirmed on the blockchain. Upon the confirmation of the transaction on the BTC or ETH blockchain, you will see the “ Transaction Success” page with a summary of your contribution.
Do note that after you have completed the transaction, you will have successfully participated in our token sale and you will receive an email with the details of your contribution.
The Tokens will be released upon the launch of the exchange and directly credited into your Orbyt Token wallet on the exchange. Please follow us on our social media channels to get the latest updates on the release of the exchange and Orbyt Tokens. Timeline of the exchange release can also be found on our website and the whitepaper