Orbofi AI

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Discover Orbofi AI's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Orbofi AI?

Orbofi AI (OBI) is a cryptocurrency token that empowers individuals and developers to create AI-generated content on the blockchain. It enables users to create standalone AI content models that can be monetized and democratizes the creation and monetization of finetuned AI models. Orbofi AI is currently the most used AI engine in the web3 space with over 40,000 users and is revolutionizing web3 gaming and media asset creation with AI.

How is Orbofi AI used?

Orbofi AI (OBI) is a cryptocurrency used within the Orbofi ecosystem, which is a generative AI engine for web3, games, apps, and online communities. The token has several utilities:

  • Medium of Exchange: OBI acts as a medium of exchange for all assets and value transacted within the Orbofi Marketplace, including lands, community tokens, and virtual goods.
  • Community Tokens: Users can create and buy community tokens using OBI.
  • Land and Virtual Goods: OBI is used to mint, buy, and sell land, as well as purchase virtual goods like collectibles and scenes (virtual environments).
  • AI Model Creation: Orbofi AI empowers individuals and developers to create AI-generated content on the blockchain and monetize standalone AI content models.

These uses highlight the token's role in facilitating transactions and interactions within the Orbofi ecosystem, which focuses on AI-generated content and web3 applications.

How do I store Orbofi AI?

To store Orbofi AI (OBI) tokens, you have several options based on your needs and preferences:

  1. Store in Your Exchange Account:

    • You can hold your OBI tokens in your exchange account, such as KuCoin or BYDFi. This provides quick access to trading products like spot and futures trading, staking, and lending. Ensure you set up a strong password and upgrade your security settings to prevent unauthorized access.
  2. Non-Custodial Wallets:

    • For enhanced security, you can withdraw your OBI tokens to a non-custodial wallet. This gives you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely to avoid losing your tokens.
  3. Hardware Wallets:

  • Hardware wallets, like Ledger, are highly secure and allow you to store your crypto keys offline. They come with a seed phrase that acts as a key to unlock the wallet. It is recommended to store the seed phrase in a physical form, such as metal seed phrase storage solutions, for added security.
  1. Software Wallets:
    • Software wallets, also known as hot wallets, are connected to the internet and are less secure than hardware wallets. They are still a viable option but require more caution to protect your private keys.

Choose the method that best fits your needs, considering factors such as convenience, security, and your investment strategy.

How to buy Orbofi AI?

To buy Orbofi AI (OBI) tokens, follow these steps:

  1. Choose a Reliable Exchange:

    • Select a trustworthy centralized exchange like KuCoin, gate.io, or MEXC, which support Orbofi AI trading.
    • Ensure the exchange accepts customers from your country and offers the necessary trading features for your needs.
  2. Create an Account:

    • Register on the chosen exchange by providing required personal information and completing any necessary identity verification steps.
    • Set up a strong password and enable additional security measures like 2FA to protect your account.
  3. Deposit Funds:

  • Add funds to your exchange account using methods like credit/debit cards, bank deposits, or P2P trading.
  • Ensure the deposited funds are sufficient to cover the cost of the Orbofi AI tokens you want to purchase.
  1. Buy Orbofi AI:

    • Navigate to the exchange's spot market and find the Orbofi AI (OBI) trading pair, such as OBI/USDT.
    • Place a buy order for the desired amount of Orbofi AI tokens at the current market price or set a limit order for a specific price.
  2. Store Your Tokens:

    • Once you have purchased the Orbofi AI tokens, you can store them in your exchange account or transfer them to a personal cryptocurrency wallet like Trust Wallet or Metamask for added security and flexibility.

Remember to always research the exchange, understand the fees, and be cautious of market risks and price volatility before making any investment decisions.

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History of Orbofi AI

Orbofi AI (OBI) is a cryptocurrency designed to empower individuals and developers to create AI-generated content on the blockchain. It aims to democratize the creation and monetization of finetuned AI models, revolutionizing web3 gaming and media asset creation. The project represents the "Amazon of generative AI models" and has gained significant traction, with over 40,000 users and growing daily.

Orbofi AI has undergone several funding rounds, including IDO (Initial DEX Offering) and strategic sales. These rounds took place between May 22 and May 26, 2023, and raised a total of $5.50 million. The IDO rounds were priced at $0.008 per token, while the strategic sale was priced at $0.0075. The seed round was priced at $0.006 per token.

The project's market capitalization currently stands at $6.66 million, with a circulating supply of 453.60 million OBI tokens. The token's price has experienced fluctuations, with a 24-hour trading volume of $302.93K and a market cap rank of 1706 among all known cryptocurrency assets.

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How Orbofi AI works

Orbofi AI (OBI) is a cryptocurrency designed to facilitate transactions within the Orbofi Marketplace, which focuses on GameFi and AI-generated assets. Here's an overview of how it works:

Marketplace and Use Cases

Orbofi AI is built on the Ethereum blockchain, leveraging its sophisticated technology to enable various use cases within the Orbofi ecosystem. The OBI token serves as a utility token, allowing users to access and utilize the platform's AI capabilities for creating AI-generated assets. These assets can include 2D game assets, media assets, and virtual goods for the metaverse.

Creating AI-Generated Assets

Users can create AI-generated assets using various frameworks such as text-to-image and image-to-image. This process is quick and efficient, allowing for high-quality assets to be generated in seconds. The OBI token is used to incentivize users to contribute to the Orbofi ecosystem and monetize their AI-generated content.

Tokenization and Ownership

Once created, these AI-generated assets can be tokenized on the blockchain using the OBI token. Tokenization establishes ownership, transferability, and monetization of the assets, enabling users to sell them for cryptocurrency.

Trading and Earning

The OBI token can be traded against other digital assets on various platforms, including spot and futures markets. Users can also earn passive income by staking or lending OBI tokens. Additionally, users can create virtual good factories powered by AI models, which can generate various assets and be monetized.

Storage and Security

Orbofi AI tokens can be stored in either custodial wallets like KuCoin or non-custodial wallets, which provide complete control over private keys. Users must ensure the security of their private keys to prevent the loss of their OBI tokens.

Influence of Market Trends

The price of the OBI token is influenced by the broader cryptocurrency market trends. A bullish market can create a favorable environment for the token to appreciate, while a bearish market can put downward pressure on the price.

Overall, Orbofi AI (OBI) is designed to empower individuals to create and monetize AI-generated assets within the Orbofi Marketplace, utilizing blockchain technology to ensure ownership and transferability.

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Orbofi AI's strengths

The Orbofi AI (OBI) token has several strengths that make it a promising investment opportunity in the cryptocurrency market:

  1. Utility Token: Orbofi AI is an ERC20 utility and governance token that powers the entire production and distribution of AI-generated content on web3 applications, games, and media apps. This utility aspect gives the token a clear purpose and potential for growth.

  2. AI-Driven Ecosystem: The Orbofi AI platform is focused on the rapidly growing AI-generated content market, which is expected to disrupt the $180 billion gaming and design industry. This focus on AI-generated content positions Orbofi AI for significant growth as AI adoption increases.

  3. Market Cap and Valuation: Orbofi AI has a relatively low market cap of $9.58 million, indicating room for growth. Its fully diluted market cap (FDMC) is $28.1 million, suggesting potential for increased liquidity and market perception.

  1. Token Distribution and Vesting: The token distribution is structured to ensure a balanced allocation across various categories, including seed, strategic, public, liquidity, team, advisory, developer ecosystem, reserve, marketing, airdrop, staking rewards, subscribers, and create & earn. This distribution, along with vesting periods, helps maintain a stable token supply and prevents sudden market fluctuations.

  2. Strong Backing and Partnerships: Orbofi AI has raised significant funds through various funding rounds, including seed, strategic, and public sales, totaling $5.5 million. It also has partnerships with notable brands and tech companies, such as Triller and Danny Trejo, which adds credibility to the project.

  3. Price Prediction: According to some predictions, the price of Orbofi AI is expected to rise by 227.17% and reach $0.032663 by July 18, 2024, indicating a potential for significant returns on investment.

These strengths collectively position Orbofi AI as a promising cryptocurrency project with a clear utility, strong backing, and significant growth potential.

Orbofi AI's risks

Orbofi AI (OBI) carries several financial risks that investors should be aware of. One significant risk is the high risk assessment given by InvestorsObserver, which indicates that the token is potentially susceptible to manipulation due to limited trading activity. This means that the price of OBI can be easily influenced by a small number of traders, leading to significant price swings.

Additionally, like all cryptocurrencies, OBI is subject to potential regulatory changes and cybersecurity risks, which can impact its value and stability. Regulatory changes can affect the legal status and usage of the token, while cybersecurity risks can lead to theft or loss of assets.

Another risk is the volatility of the cryptocurrency market. The value of OBI can fluctuate rapidly due to changes in demand and supply, making it difficult to predict its future price. This volatility can result in significant losses if investors are not cautious.

Furthermore, the token distribution chart shows that a significant portion of the tokens are allocated to various stakeholders, including the team, advisors, and liquidity providers. This can lead to a concentration of ownership, which may impact the token's price and liquidity.

Overall, investors should carefully consider these financial risks before investing in Orbofi AI (OBI).

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Did Orbofi AI raise funds?

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Orbofi AI’s team

  • Benjelloun Oussama: Founder at Orbofi AI, known for his work in AI and web3 technologies.
  • Ira Hantke: Founder of Orbofi AI, involved in building the team and product over the past two years.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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