|All Time High:|
|Market Cap: |
|The price of #GBYTE today is $13.72 USD.|
The lowest GBYTE price for this period was $0, the highest was $13.72, and the current live price for one GBYTE coin is $13.71980.
The all-time high GBYTE coin price was $1,196.
Use our custom price calculator to see the hypothetical price of GBYTE with market cap of BTC or other crypto coins.
|The code for OByte crypto currency is #GBYTE. |
OByte is 5.7 years old.
|The current market capitalization for OByte is $9,315,857.|
OByte is ranking upwards to #1150 out of all coins, by market cap (and other factors).
|The trading volume is small during the past 24 hours for #GBYTE.|
Today's 24-hour trading volume across all exchanges for OByte is $6,229.
|The circulating supply of GBYTE is 679,008 coins, which is 68% of the maximum coin supply.|
A highlight of OByte is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market.
|GBYTE has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 2 crypto exchanges.|
View #GBYTE trading pairs and crypto exchanges that currently support #GBYTE purchase.
Introducing Prophet — Prediction Markets Based On Bonding Curves
Introducing Prophet — Prediction Markets Based On Bonding Curves - Bonding curves seem to be a really productive tool for building DeFi protocols. Now, we have applied them to create prediction markets that are always available to trade, liquid, and make it very easy to provide liquidity and earn from trading fees. Prophet allows making bets on outcomes of various future events, such as: sports: who wins an upcoming game;, currencies/stocks/commodities: whether the price of a fiat currency, cryptocurrency, stock, or commodity will trade above a specific level on a future date;, political events: who wins elections;, economic statistics: whether inflation or GDP growth or unemployment or some other important economic measure will exceed a specific level on a specific date in the future;, and many others., By making the correct predictions, bettors make money. If a bettor’s prediction proves to be wrong, they lose their stake. Betting on specific outcomes is one way of using Prophet. The other way is providing liquidity to prediction markets by betting on all outcomes. Liquidity providers (LPs) earn a share of fees paid by other bettors. — Tokens - To make bets, both bettors and LPs buy tokens that represent specific outcomes. For markets that have only two possible outcomes, there are two tokens: YES-token: the event will happen;, NO-token: the event won’t happen., To bet on the event, one buys YES...
Kivach — Cascading Donations For Github Repositories
Kivach — Cascading Donations For Github Repositories - Today we are launching Kivach — a dapp for cascading donations to any of the 28 million open-source projects on Github. There are a few donation options for open-source developers now but Kivach is best suited to the nature of modern open-source development — due to its ability to cascade the donations. Many open-source projects heavily depend on other open-source projects, such as libraries, frameworks, developer tools, infrastructure software, which in turn depend on other open-source projects, and so on. Supporting all these dependencies with donations is as important as supporting the final products that donors usually know. Kivach allows to automatically cascade the donations down to the dependencies, dependencies of dependencies, and so on, thus supporting all levels of technical stack with a single donation. The idea of cascading donations to open-source projects was first brought up by whoisterencelee more than 2 years ago in a discussion on Obyte reddit. As a developer himself, he saw the need to reward and recognize the developers of libraries that users are often not aware of. Running the donations on a decentralized network like Obyte, using Autonomous Agents governed solely by code, and having the transparent and automatically executed redistribution rules would make the system convenient and trustworthy. It took more time than expected to ...
What’s Next For Obyte: Oswap v2
A quick update on what we are currently working on. We are going to launch a new version of Oswap with the following features. — More fees for liquidity providers - Oswap v2 will include smarter fee calculation that will redirect part of arbitrageur profits to liquidity providers. In standard automated market makers (AMMs) like Oswap and Uniswap, arbitrageurs make money by trading price differences between the AMM and other markets, and their trading activity keeps the prices on different markets synced. The new fee calculation algorithm will try to estimate the arbitrageur profit and capture a share of it (an arb tax). The arbitrageur still gets a profit, although a smaller one, and is still motivated to trade and sync the prices between markets. This fee is in addition to the standard fee defined as percentage of volume, which can be lowered now to encourage more arbitrage trading. With arb tax, we hope to make adding liquidity to Oswap pools more profitable than in AMMs on other networks (not including farming and liquidity mining subsidies whose sustainability is questionable) and attract more capital to Obyte DeFi. Arb tax will be a feature exclusive to DeFi on DAG because if implemented on a blockchain, it can be easily circumvented by miners (unless they are altruistic). — Non-equal weights for tokens - In standard two-token AMMs defined by formula x y = const the tokens have equal weights with 50% of the...
Counterstake: A Truly Decentralized Cross-Chain Bridge
Today we are launching a bridge that will connect Obyte with other networks and enrich Obyte’s trading environment with a huge number of tokens imported from other chains. Unlike other cross-chain bridges, the Counterstake bridge is truly decentralized and universal at the same time. Decentralization means that user funds are protected from theft by hackers and insiders, the bridge cannot be shutdown or restricted, and any tokens can be transferred over the bridge in a permissionless manner. Initially, the bridge connects 3 networks: Obyte, Ethereum, and Binance Smart Chain, but can be implemented for other programmable chains as well. EVM-based chains can be added with minimal effort. — Interoperability is on the rise - It is certain that there will be many different chains optimized for different use cases and the value needs to be transferred between them in a safe and easy way. There is already proven and rapidly growing demand for interoperability solutions. The amount of tokens transferred over the Binance Bridge alone is currently over $13b (source) while on Jan 1, 2021 it was about $0.5b — roughly 25x growth. However the existing solutions are either overly centralized or support a rather small subset of chains. — Counterstake: decentralized and universal - This is how Counterstake is positioned against other interoperability solutions: Counterstake is absolutely decentralized and is one of th...
Aufort gold trading platform chooses Obyte solution
We are glad to share with you that the online digital gold retail platform Aufort has launched using Obyte’s Directed Acyclic Graph (DAG) — instead of mainstream competitors — technology to increase transparency and reliability. Aufort is aimed at investors interested in the asset class but have traditionally been put off by the high entry costs, storage issues, and liquidity., Obyte’s DAG technology was selected by Aufort due to these key reasons: ✅ ability to process a high number of transactions per second (TPS) ✅ almost non-existent transaction costs ✅ low energy use ✅ deterministic finality ✅ and ability to scale, making it suited for large numbers of retail investors. The Obyte platform — as you know — is fully decentralized and provides everyone access to post transactions without 3rd party approval. It enables people to gain exposure to small sums of gold without having to incur high transaction costs or time delays. At launch time, token withdrawals are disabled and Obyte headless wallet software is used as an accounting ledger for customer accounts. Tony Churyumoff, Obyte Founder: “We are very excited to demonstrate in practical terms how DAG technology can be applied to online retail platforms such as Aufort where large numbers of people can access small denominations of assets, quickly, cheaply and in a secure transparent format. The last decade has seen people talk ab...
Bonded Stablecoins Version 2: Better Price Stability And Stakable Tokens
When we introduced Bonded Stablecoins in September 2020, the concept was absolutely new to the market and we had no experience that would guide our design decisions. Now, after having the stablecoins in the wild for more than 6 months, we release an updated version that addresses the problems we discovered. The parameters we chose for the first version of Bonded Stablecoins require specific behavior from the holders of T1 (growth) tokens in order to keep the peg. This behavior is supposed to be profitable, but only when there is belief among traders that the price will soon correct to the target. Unfortunately, this often was not confirmed in practice because keeping the peg required large inflows of capital into T1 tokens when new T2 tokens were issued or when T2 target price was growing. Also, it might be difficult to understand that one can profitably trade T1 tokens when the price of another token — T2 — goes off-peg. This problem is specific for the range of parameters we chose for the first iteration of stablecoins: m > 1 and n < 1. As a reminder, we used the following bonding curve formula: where s1 and s2 are the supplies of token 1 and token 2 respectively, while token 2 is supposed to follow a target price. The prices of the tokens p1 and p2 are partial derivatives with respect to the corresponding supplies: We chose n < 1 parameter to ensure that in order to keep p2 constant, more T1 should b...
Obyte Trading Rewards
We are launching two rewards programs to address one of Obyte’s most pressing issues — liquidity. Over the years we’ve been focusing mainly on product development and decentralization. We achieved full decentralization in July 2020 and built one of the strongest and most versatile dapp development platforms in the industry — the only platform that is DAG based and therefore better suited for DeFi dapps, without blockchains’ inevitable front-running issues. We introduced the most advanced stablecoins in the industry and were the first to build stablecoins powered by bonding curves, we launched a few other DeFi products or helped them to be launched through the grants program. We brought identity to crypto, introduced textcoins, a unique untraceable currency blackbytes, and many other products and features. However, all this is not enough. Just having strong fundamentals is not enough, there should also be a mechanism that translates them into value. For cryptocurrencies, which have no use value but have only exchange value, the mechanism that allows them to acquire value is trading. It is only the ability to be exchanged for something else that already has value, the ability that is constantly confirmed by live trades and deep order books — only this ability makes people believe that a crypto coin has value. Unfortunately, we paid too little attention to trading so far, and our achievements in building ...
About 3 weeks ago, Vik — a long time community member of Obyte — got the idea to host a creative contest where users would post photos of physical objects they made to form the word “Obyte”. The deadline for entries was Saturday November 28 at midnight UTC and since the announcement, we’ve had no less than 25 entries in total. The jury convened Saturday and Sunday to evaluate the many entries and make their personal favorite picks. After an initial round, the final entries were then compared to determine the winners. Each juror has been free to judge by whatever criteria he or she felt would be suitable. Afterall, creativity and art is highly subjective and therefore calls for highly subjective criteria such as taste, preferences or aspects that can’t really be measured. — Amazing entries - But before we head on to announce the winners, we want to share with you, some of the fantastic and creative entries we received for the contest. Everything from fun setups, carefully thought through compositions with deeper meaning than just the word, and even one with a live model. More about that one later. These were the entries in the contest, ordered by when they were submitted:For full resolution versions, please visit #ophoto on the Obyte Discord — The winners - Needless to say, the creativity has been flourishing the past three weeks, and it has been extremely difficult for us to determine who sho...
Introducing Referral Program For Bonded Stablecoins
To increase awareness of the recently launched Bonded Stablecoins, we are introducing a referral program. The program rewards people for introducing new participants to try and use these stablecoins, that are some of the most technologically innovative in the cryptocurrency space. It works like any other referral program: you get a referral link and share it over the various channels that are available to you: blogs;, tweets;, posts;, newsletters;, videos;, public profiles;, etc., New users who click your link become your referrals. If they buy and hold stablecoins or other tokens, both you and your referral get rewarded every week: you get up to 10% of the referral’s balance;, the referral gets up to 5% of their balance., The rewards are paid once a week, on Sundays, based on the referral’s balance on that day. For the balance, we look at their balances in all tokens issued on Bonded Stablecoins website, as well as balances in other tokens based on them: shares in oswap liquidity pools and shares in arbitrage bots. Tokens deposited on governance Autonomous Agents, ODEX, bank AA, and liquidity mining are also accounted for. The idea is that the money should stay in the ecosystem in order to qualify for rewards. Redeeming or selling the tokens would decrease the balance and accordingly the rewards, buying new tokens would increase the rewards. The total reward amount across all participants is capped by $3,000 per wee...
Vik’s Awesome Creative Obyte Logo Contest
Show your creative skills - The Obyte community invites you to a contest of creativity. The rules are simple: Create the word “Obyte” using physical objects, take a picture of it and submit it to the designated contest channel on the Obyte Discord. — Cool prizes - Thanks to a generous community member who wants to donate 10 GBYTE, the contest is not only a chance to show off your creative skills, it is also a chance to earn a decent buck for the effort. But as an appreciation of this community effort, the Obyte Foundation has decided to double the prize pool, making it 20 GBYTE in total. At the time of writing — roughly $400. The prizes are awarded the three best entries:1st: 10 GBYTE 2nd: 7 GBYTE 3rd: 3 GBYTE — How to participate - While there are monetary prizes for the three best, this contest’s primary objective is to inspire community members to have a fun time and explore their creativity. Some might be under Corona lockdowns with plenty of time on their hands, while others might have seen objects in their everyday life that reminded them of Obyte. This is your chance to put that creativity into play! — The rules - As already mentioned — the rules are simple. You must create the word “Obyte” using only physical objects. No computer graphics — no pencil drawn logos. You must use real world objects to create the word “Obyte”. These are a couple of examples for your in...