Today Obsidium success to become the top gainer on Coinmarketcap with a total gain of 1931.68%. Obsidium OBS managed to become the top gainer through Exohood and Ninjafloki.
At a glance, Obsidium is a serverless, cross-chain ecosystem at layer 2 that fuels the crypto world with AMM, Defi, and NFT solutions. Obsidium deploys to the Binance Smart Chain. Several reasons they choose BSC include fast transaction speed and low fees. Based on the roadmap, this project has started in the 4th quarter of 2021.
This article will try to reveal everything related to Obnisium. Yes indeed the OBS is a new crypto asset. It has managed to become a top gainer, making crypto enthusiasts curious about Obsidium.
- 1 What is Obsidium?
- 2 How does Obsidium work
- 3 Founder Obsidium
- 4 Vesting in Obsidium
- 5 Wallet supported Obsidium
- 6 Obsidium use Binance Smart Chain
- 7 Obsidium airdrop
- 8 Obsidium launchpad on PinkSale
- 9 Obsidium in Metaverse
- 10 Obsidium token
- 11 Obsidium Community
- 12 Roadmap
- 13 How to buy Obsidium (OBS)
- 14 Where to buy Obsidium (OBS)
- 15 Is Obsidium a good investment?
- 16 Obsidium price prediction
- 17 Final Thought
What is Obsidium?
Obsidium offers a solution that can bridge cross-chain blockchains using smart contracts, on a layer 2 blockchain. As all cross-chain platforms require a blockchain to be deployed, Obsidium chose the Binance Smart chain which is a blockchain developed by the Binance team.
There are a few of the advantages it offers are unlimited scalability. Then fast throughput for confirmations in just sub-seconds at a low fee of about one-tenth of a cent.
Obsidium is a serverless ecosystem with a zero initial supply concept. If already Obsidium deployed on Dex. It is ready to become a bridge between blockchains. It means they empower the development of various Defi projects, NFT, and many other things in the ecosystem.
For this purpose, Obsidium uses the OBS token which serves as the governance of Obsidium. It includes an ecosystem of various applications in both the NFT and also on Dex marketplaces. However, Obnisium’s main focus is on the Metaverse and NFT adoption.
How does Obsidium work
Obsidium has a working concept for a serverless layer-2 solution in blockchain architecture. Offer benefits such as fast transaction confirmation times, low fees of only about a tenth of a cent or $0.001, and unlimited data scalability.
Obsidium tries giving solutions to the demands of Gaming, then Metaverse, and Web 3.0 applications. It is by utilizing serverless cloud services. Using cross-chain smart contracts, it can run on any machine.
Leveraging serverless offerings on the massive cloud Obsidium tries to take advantage of proven, stable compute and storage. While promising the benefits of fast confirmation times, low fees, and transaction integrity and verification.
Obsidium tries to leverage serverless technology by common cloud platforms like AWS, Azure, GCP, Alibaba Clouds.
It is currently unknown who is behind the Obsidium development team, information related to it is not found either on the Obsidium website or in the Whitepaper they released in whitepaper 1.0.
Maybe the development team doesn’t display their information because they think it’s not that important, while crypto enthusiasts will prefer an open development team, this will increase the confidence in the adoption of tokens for investment.
Vesting in Obsidium
Vesting in the Obsidium ecosystem is the progressive release of tokens over the indicated period. Information related to the vesting and lock-up period is divided into 6 phases.
- The first stage of look-up and vesting is the second day after Obsidium officially has a Dex trading pair. Look-up time is 8 months in this one period and 6 months of vesting.
- The second phase of look-up time is 7 months and the Vesting of 6 months.
- The third phase, looking up time for 3 months and vesting for 3 months.
- The fourth phase, lookup time 3 months and vesting time 3 months.
- The fifth phase, lookup time 1 month, Vesting of 0 months.
- The sixth phase, 15 daily look-up times, and Vesting of 0 months.
Wallet supported Obsidium
Obsidium uses the Binance Smart Chain blockchain, a wallet compatible with BEP-20 tokens that can be used to store OBS tokens.
You can create an official Obsidium wallet on the wallet page, but the following wallets can be an alternative to the Obsidium wallet.
- Trust wallet.
- Math Wallet.
- Unstoppable wallet.
- Token Pocket wallet.
- Coin 98 wallet.
- Guarda wallet.
- Binance chain wallet.
Obsidium use Binance Smart Chain
Obsidium builds its p[rotocol on the Binance Smart Chain which is the blockchain from Binance. Binance is the largest crypto exchange globally.
With Binance Smart Chain developers can deploy smart contracts and build Defi protocols on the blockchain network.
Some of the reasons why Obsidium chose to use the Binance Smart Chain are:
- The first is that BSC has fast transactions, BSC is considered to be faster in transactions than the Ethereum blockchain.
- The second is low transaction costs, for Defi project developers this is important because it reduces gas costs, whereas the fee method in the BSC allows a low fee structure.
- The third reason is that BSC is experiencing a fast-growing economy, wherein in August 2021 it will increase by 300% with 7 million transactions per day.
The Obsidium airdrop has been scheduled for January 3 to January 21, 2022, with a total of 100 entries, and distributed on January 22. Collect 100 entries to win an airdrop with a maximum of 1000 winners.
Launching Obsidium airdrop published on Obsidium blog account on medium.
As of the end of the airdrop, 712 entries have been collected, which is to participate in user entries using email addresses, and the Binance Smart Chain BEP-20 wallet.
Obsidium launchpad on PinkSale
Obsidium has passed the PinkSale launchpad for the scheduled presale, on January 20, 2022, which starts at 08.00 UTC and ends at 20.00 UTC.
The number of presale tokens is 946,250 OBS. With tokens for liquidity 937,500 OBS.
The average presale is 1 BNB = 3,785 OBS, the listing rate is 1 BNB = 3,750 OBS. Soft Cap 125 BNB. Hard Cap 250 BNB.
Obsidium in Metaverse
Referring to the published whitepaper, Obsidium mainly focuses on the Metaverse including auctions, voting, swapping, and similar.
Obsidium offers ten built-in programs in Metaverse, they are auction, fee delegation, fundraising, loot, locking, lottery, royalty, staking, swapping, and voting.
The auction allows users to offer fungible or non-fungible tokens for sale.
Fee delegation is for reimbursement of fees for users who transact on certain assets. The pool of delegates holding OBS has the right to reimbursement of user transaction fees without voting fees.
Fundraising allows creators to raise OBS up to a certain target or set limit. Loot pools allow creators to distribute new NFTs in their collection randomly or in motion. Asset owners can also lock up funds for various purposes.
Lottery programs can engage users to do simple things for a fortune. For creators, getting royalties is an extraordinary pleasure whose determination is based on the daily rate.
Swapping pools allow users to exchange one asset for another. Voting pools allow users to request votes which are useful for governance, voting to submit new proposals.
The Obsidium token has the symbol and unit OBS. The number of decimal units is 10 digits, with an initial market cap of $90,000. The initial circulating supply is 5,075.00, and the total supply is 14,500.00.
Regarding token distribution, the development team made a referral where the team will get 10% or the equivalent of 1,450,000. The marketing department gets 8% or the equivalent of 1,116,000 OBS.
For liquidity of 35% or equivalent to 5,075,000 OBS. IDO gets a share of 10% or: 1,450,000 OBS. Distribution for giveaway or airdrop only gets 2% allocation or equivalent to 290,000 OBS.
As for the ecosystem, it gets a share of 16% or equal to 2,320,000 OBS. For reserves, the distribution portion is 5% or equal to 725,000. And finally, for the staking reward, you will get a portion of 14% or equivalent to 2,030,000 OBS.
Obsidium has a fee mechanism only if there are token sales of 6%, which is enforced for 6 months and 0 percent thereafter.
Community in a project is very important and can support the success of the project. Obsidium has a community through several social networks and blog articles.
In the Telegram group, Obsidium has 755 subscribers at time writing.
Meanwhile on the Medium blog. The average Obsidium admin creates a new article with an intensity of 4 days posting a new article.
While on the Reddit community, the Obsidium Group was created on Nov 4, 2021, which has a total of members 17 people at the press time.
Meanwhile, Obsidium’s Youtube channel has only made 4 videos with only 23 subscribers at the time of writing, of which the first video was uploaded on 2 November 2021 with 154 views.
The Obsidium Roadmap has five scheduled stages. The first is in the fourth quarter of 2021. The second roadmap is in the first quarter of 2022, with one of the schedules being listed on 50 exchanges as a target.
In the second quarter of 2022, one of the roadmaps is targeting the listing of 30 popular exchanges.
In the third quarter of 2022, the target in one of the roadmaps is to expand the business on Metaverse related to Dapps in the Metaverse ecosystem. The roadmap in the fourth quarter is building a bridge for asset transfer between blockchains.
How to buy Obsidium (OBS)
Still, in the development process, Obsidium has yet to make an official announcement on which exchanges have entered to list OBS tokens.
Although the roadmap clearly includes listing in 50 exchanges, when we tried to track OBS tokens on Binance, we didn’t get any information about Obsidium OBS, but there are OBS token symbols for OpenBiSea and One Basis.
The only way to buy Obsidium OBS is during the presale on the PintSale Finance launchpad or through the airdrop program. But OBS has officially been listed on Coinmarketcap and also CoinGecko.
Where to buy Obsidium (OBS)
Users still need a lot of patience until the developer team successfully lists OBS on dozens of global exchanges.
However, as a condition to maintain vigilance, spend money that is ready to risk business. Because here the development team does not provide personal information, which is a negative value because the allegations are just fraud.
Is Obsidium a good investment?
Obsidium has successfully become the top gainer on Coinmarketcap, this is what made us curious to explore further how the prospects for OBS Obsidium are.
In theory, the Obsidium OBS solution concept has a good foundation for community development. However, the teams still need a more serious struggle, because they still have very few customers on social media.
And the future of OBS is still a mystery. Ideally, the adoption rate will increase the value of a crypto asset including OBS.
While we are seeing low community growth on Obsidium OBS, even though the channel was created months ago. However, it is possible that OBS will be of great value by comparing the current price which is very cheap to buy it.
Obsidium price prediction
Priceprediction predicts the price of Obsidium (OBS) in 2022 to experience a significant increase, where in January the forecast price is at $0.24, and gradually rises to $0.33 in December 2022. In 2024 the OBS price is estimated at $0.70 at the end of December. While in 2030 forecast OBS price of $ 6.65 in December.
CoinDataFlow predicts Obsidium price will also depend on Bitcoin performance, if Bitcoin goes up 1% then OBS price will increase slowly by $0.2371 in 2023, $0.24327 in 2024, $0.24959 in 2025, and $0.256084 in 2026.
Coinchekcup predicts the price of Obsidium will depend on the money supply in the crypto market if the crypto market increases the price of OBS will also increase in percentage terms from 1%, next year 2%, 4%,8%, 16%, 32%.
Digitalcoinprice predicts the price of Obsidium to increase from year to year, in 2022 it is predicted to reach $0.31, then increase in 2023, but a decrease in 2024, before finally rising again in the following year until 2029 the price is forecasted at $0.95
Cryptobuyingtips predicts that OBS will be very volatile, and warns to be careful because prices can go up and down drastically.
Obsidium is a fledgling cryptocurrency, which is still quite promising in the short term. As a top gainer, it provides great potential for future adoption of Obsidium when it is widely available to trade on crypto exchanges.
However, the anonymous development team makes the Obsidium team less transparent which is a drawback to this crypto asset. It reduces the community’s level of trust.
Note: This article is for informational purposes only and does not constitute investment advice, each investor is responsible for their investment.
You may like