All transactions made on the platform are verifiable on the blockchain, which is publicly accessible and auditable. Any user can therefore audit the profits generated and distributed by Open Ledger in real time. Full transparency, unlike conventional corporate and banking systems, help to ensure that stakeholders are treated fairly and are provided full information.
Other than transaction costs relating to the transfer of currencies (which is at a fraction of what the traditional banks levy), there are no additional costs or hidden fees. Transacting over the blockchain allows organizations such as ours to interact and operate in the financial realm with any account holder around the world without susceptibility to unreasonably burdensome fees imposed by the traditional corporate and banking systems.
Your voting rights are directly proportional to the amount of OBITS you hold. The larger the amount, the more influence you can exercise upon company decisions. Just like a real listed company depends upon its board for decisions, OBITS holders will be permitted to vote upon company decisions wherever it is deemed necessary.
Yes. Your voting rights are directly proportional to the amount of OBITS that you hold. Larger stakeholders naturally will have greater influence on certain decisions of the organization. If you are a token holder you may access our operating rules upon written request to email@example.com."
Unable to render embedded object: File (03a3bf2e-cf75-46f8-9713-994fbee22194) not found. OBITS will be bought back by Open Ledger using fees that it has generated from the Open Ledger platform. Regarding how Open Ledger generates its fees, a list of applicable revenue streams is stated on the OBITS website.
On March 2, 2016, 50,770 OBITS was bought back at prevailing prices for a total of 1,188,000 BTS and 1.1946 BTC, resulting in an average premium to the holders of 40.92%. The total supply of OBITS was reduced to 18,228,000 OBITS. Please refer back to our “Statistics” page for current information.
Special arrangements must be made in order to execute a large block purchase or sale of OBITS under applicable rules. Contact firstname.lastname@example.org for more information.
For all technical support issues you should contact the exchange or marketplace on which you placed your order. For Open Ledger technical support, contact email@example.com.