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The OBD Token

  • While the OBIT NFT Registry is a purpose built decentralized tool, the financial layer of OBADA uses a standard ERC-20 token called the OBD. OBD tokens are a legally compliant utility token per the State of Wyoming.
  • OBD is available for purchase through DAO members. OBD will not be made available on any public exchange.
  • Read about OBD Issuance and Allocation.

OBD as the Medium of Exchange

  • As the ecosystem medium of exchange., OBD is used to pay platform fees. But while OBD functions as a currency within the ecosystem, its main use is to provide utility.

OBD Utility

  • As a utility, OBD is used to order and pay for platform-defined asset disposition key performance indicators (KPIs) such as proof of data destruction, functionality, reuse, and recycling.

OBD Staking

  • As a decentralized finance mechanism, OBD can be staked in order to secure voting rights and a proportional share of platform revenue and rewards.
  • Staked OBD tokens are “locked up” and cannot be used, which shows a financial commitment to the system and is a deflationary force limiting available supply.
    • There are two methods for staking OBD
      • Stake a Node - for DAO members
      • Stake OBITs - for anyone

Staking OBD for Governance Rights

  • As a governance mechanism, OBD is used by DAO members who must commit to host a node staked with a minimum of 5,000,000 OBD in order to receive one vote.

Staking for Platform Income

  • As a vertical-market decentralized finance application, OBD effectively makes stakers the “owners” of the platform who collectively share in the profits.
    • The sum of the platform fees equals the platform revenue.
    • Platform revenue is distributed proportionally on a nightly basis based on OBD stake.
    • This nightly fee distribution to stakers is effectively a share of the system profits.

Staking for Yield

  • As an incentive mechanism, OBD can be “mined by recycling”.
  • When an asset disposition KPI is completed on a staked OBIT, the staked OBD is automatically returned to the original staker and a new OBD is created and distributed as follows:
    • 1/4 to the OBIT staker
    • 1/4 to the actor chain
    • 1/4 to the recycler (or end processor)
    • 1/4 to the DAO members and OBIT stakers
  • These platform rewards which are received by the stakers are effectively a dividend, returning an additional yield on the staked equity beyond the share of platform revenue.

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