What does Orbler (ORBR) coin mean?

Orbler (ORBR), a privacy-centric cryptocurrency, leverages zero-knowledge proofs and coin splitting to protect user anonymity and transaction confidentiality in Web3.

Dec 18, 2024 at 04:10 pm

Key Points:

• What is Orbler (ORBR) coin?
• Orbler's Features and Ecosystem
• ORBR Tokenomics and Distribution
• How to Acquire and Store ORBR
• Use Cases and Future Potential of ORBR

What is Orbler (ORBR) coin?

Orbler (ORBR) is a privacy-focused cryptocurrency that utilizes zero-knowledge proofs (ZKPs) and multiple coin splitting techniques to enhance transaction confidentiality and fungibility. Developed in 2022 by the ORBR team, its goal is to empower users with privacy solutions in the burgeoning realm of Web3.

Orbler's Features and Ecosystem

• Zero-Knowledge Proof Concealment: ORBR leverages ZKPs to conceal transaction data, protecting both the sender and receiver's identities and transaction amounts from being revealed on the blockchain.
• Coin Splitting: ORBR employs a coin splitting technique to further enhance privacy, dividing transactions into multiple smaller ones, thus obscuring their traceability.
• Transaction Offloading: Orbler facilitates transaction offloading to a private payment channel, enabling users to transact offline, providing enhanced security and anonymity.
• ORBR Ecosystem: The Orbler ecosystem consists of several components, including a web wallet, CLI wallet, and mobile wallet, offering users flexibility and ease of access.

ORBR Tokenomics and Distribution

• Total Supply: 100,000,000 ORBR
• Initial Distribution: 20% to the team, 35% to the community, 15% to liquidity, and 30% allocated for future development and operations.
• Token Utility: ORBR primarily serves as a payment token for private transactions within the Orbler ecosystem. It can also be used for governance purposes, enabling holders to participate in platform decisions.

How to Acquire and Store ORBR

• Exchanges: ORBR is currently listed on a few cryptocurrency exchanges, such as BitMart and Gate.io.
• DEXs: Users can also purchase ORBR through decentralized exchanges, like Uniswap and PancakeSwap.
• Storage: ORBR can be stored in the official Orbler web wallet, CLI wallet, or mobile wallet. Hardware wallets that support ZKPs can also be used for secure storage.

Use Cases and Future Potential of ORBR

• Private Payments: ORBR is ideally suited for private payments, where anonymity and data protection are paramount.
• Confidential Smart Contracts: ORBR can be integrated into smart contracts, allowing for the execution of private contracts and protected data sharing.
• Security and Compliance: ORBR's privacy-preserving features provide an added layer of security and compliance for businesses dealing with sensitive data.
• DeFi and Metaverse: ORBR can enhance privacy in DeFi applications and metaverse platforms, safeguarding user transactions and identities.

FAQs

Q: What advantages does ORBR offer over other privacy-centric cryptocurrencies?

• ORBR combines ZKPs with coin splitting, providing a comprehensive privacy solution that enhances both transaction secrecy and fungibility.

Q: Where can I find the latest updates and developments on ORBR?

• The Orbler website, social media channels, and Discord server provide regular updates on the project's progress and roadmap.

Q: Is ORBR listed on major exchanges like Binance?

• At present, ORBR is not listed on Binance, but it is anticipated to expand to more reputable exchanges in the future.

Q: How does ORBR's transaction offloading feature enhance privacy?

• By offloading transactions to a private payment channel, ORBR severs the connection between the on-chain transaction and the user's identity, further safeguarding privacy.