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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