Tomochain-BitOrb Partnership Announcement

4 mins read

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.

This is where TomoChain comes in. TomoChain public blockchain provides BitOrb an innovative scalability solution that offers; instantaneous and seamless transactions, various security features and nearly-zero fee. In addition, as BitOrb’s technology partner, TomoChain will assist in exploring and utilizing the range of TomoChain products. Specifically, they can easily issue Orbyt Tokens as TRC21 tokens on TomoChain via the TomoZ protocol, allowing users to pay transaction fees for a small amount of Orbyt Tokens. TomoWallet team is currently advising on the development of the Orbyt Wallet, that promises a secure mobile wallet for token holders

Furthermore, we will collaborate with BitOrb in marketing campaigns and events to promote both projects to define our footprints in the blockchain business.

Long Vuong, TomoChain CEO said:

“We are glad to work with BitOrb to issue their Orbyt Token on TomoChain, as well as assist them to build a trustful, user-friendly wallet for the traders. This partnership is highly aligned with our next milestones of launching TomoX and TomoZ, and our long term strategy of becoming the most efficient blockchain for the token economy. With this partnership, the community will greatly benefit from a combination of a clever business model by BitOrb and high performing technical solutions by TomoChain.”

BitOrb partners with BitGo to secure all their digital assets. BitGo is trusted by other crypto exchanges such as Kraken, BitStamp and Nexo. BitOrb is also partnered with Onfido to ensure with the highest standards of KYC and AML global compliance standards. Onfido is also trusted by Coinbase, HSBC, TransferWise and Bittrex.

Lim Hoong-Teng, BitOrb Ceo & Co-founder shared:

“After initiating discussions with the TomoChain team back in January, BitOrb is very excited to officially announce TomoChain as our blockchain partner for the issuance of Orbyt Tokens. After evaluating a few options, TomoChain clearly stood out from its competitors, mainly because of; the security and efficiency of the Tomo blockchain and the upcoming TRC21 protocol which will make it easier for our users to transact Orbyt Tokens. The BitOrb team continues to enjoy a fruitful engagement with the TomoChain team, and we see a bright future ahead- So people, Let’s get into Orbyt!”

by

Hoong-Teng Lim

23rd September 2019

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