Name: Oobit
Brand: Oobit
SKU: OOB
Price: 0.19 USD
Availability: InStock

Question 1

What is Oobit (OOB)?

Accepted Answer

Oobit (OOB) is the native token of the Oobit ecosystem. It powers payments, rewards, and access within the Oobit platform, which enables users to pay in-store or online with stablecoins using any wallet. Oobit provides a simple Apple Pay–style experience, running globally compliant issuing operations in over 100 countries, connecting the world’s wallets to real-world spending.

Question 2

What differentiates Oobit (OOB) from other tokens?

Accepted Answer

Oobit (OOB) differentiates itself by enabling seamless payments with stablecoins from any digital wallet, including Phantom, MetaMask, Trust Wallet, and Binance Wallet. It offers a user experience similar to Apple Pay, supports over 100 countries with compliant issuing operations, and connects billions of wallets globally to real-world spending. This wallet-agnostic, globally compliant payment layer powered by stablecoins makes Oobit unique in simplifying cryptocurrency payments anywhere Visa or Mastercard is accepted.

Question 3

What is the utility of Oobit (OOB)?

Accepted Answer

The Oobit token (OOB) utility includes powering payments with reduced fees, earning cashback rewards, staking, swapping assets, and unlocking early-access features within the Oobit app. OOB enables users to pay anywhere Visa is accepted, including supermarkets, convenience stores, local markets, trips, deliveries, and global e-commerce sites, all while enjoying ongoing benefits and lower transaction costs.

Question 4

What does the Oobit (OOB) whitepaper promise?

Accepted Answer

While the complete whitepaper details are not explicitly provided, the information from Oobit's official sources indicates that OOB's promise centers on keeping money open, free, and accessible 24/7. It commits to powering a global movement where digital money feels simple, enabling everyone to pay with crypto from any wallet anywhere, with reduced fees, rewards, and a seamless user experience. Furthermore, 50% of all app fees generated from OOB transactions are used for token buybacks and burn, emphasizing value and sustainability within its ecosystem.

Question 5

What consensus mechanism does Oobit (OOB) use?

Accepted Answer

The OOB token is built on the Solana blockchain, which uses a high-performance consensus mechanism designed for speed, scalability, and efficiency, although the specific consensus mechanism is not explicitly detailed in the provided documents.

Question 6

Who created Oobit and why?

Accepted Answer

Oobit was created by Oobit Technologies, a company authorized to provide payment services globally. The goal of Oobit is to enable anyone to pay in-store or online with stablecoins using any wallet, delivering a simple Apple Pay–style experience while connecting the world’s digital wallets to real-world spending with unmatched accessibility, innovation, and reliability.

Question 7

How do I use the Oobit (OOB) token?

Accepted Answer

The OOB token powers payments, rewards, and access across the Oobit ecosystem. It can be used to pay with reduced fees, earn cashback, stake, swap assets, and unlock early-access features inside the Oobit app. You can use OOB anywhere Visa is accepted, online or in-store — such as supermarkets, convenience stores, local markets, trips and deliveries with apps like Uber or Foodpanda, and global e-commerce sites. Oobit supports payments from any wallet, fully agnostic from Phantom, MetaMask, Trust Wallet, to Binance Wallet, providing a seamless Apple Pay-style experience.

Question 8

Where do I buy the Oobit (OOB) token?

Accepted Answer

Oobit can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

Question 9

Where do I buy the Oobit (OOB) token?

Accepted Answer

You can buy the Oobit (OOB) token on supported cryptocurrency exchanges once it is listed. Additionally, you can earn OOB through in-app rewards and activities within the Oobit app. For tracking and purchase, popular platforms like CoinMarketCap, CoinGecko, Solscan, Kraken, and BitMart list OOB. Access to purchasing OOB may vary depending on your country and local regulations.

Question 10

What problem or need does Oobit aim to address?

Accepted Answer

Oobit solves the problem of using cryptocurrency for everyday payments by enabling users to pay in-store or online with stablecoins using any digital wallet such as Phantom, MetaMask, Trust Wallet, or Binance Wallet. It delivers a smooth, Apple Pay–style experience and is globally compliant in over 100 countries. This bridges the gap between digital wallets and real-world spending, providing unmatched accessibility, innovation, and reliability for global payments.

Question 11

Is the Oobit (OOB) open-source, and can I review its code?

Accepted Answer

The provided supporting documents do not specify if Oobit (OOB) is open-source or if its codebase is publicly available for review.

Question 12

How was the Oobit (OOB) token generated?

Accepted Answer

The OOB token was generated with a total supply of 1,000,000,000 tokens on the Solana blockchain, known for its speed, scalability, and efficiency. The token distribution includes allocations for rewards and ecosystem incentives (30%), core contributors (20%), foundation (15%), investors (10%), liquidity and launch (10%), migration (10%), and strategic marketing (5%). Unlocking schedules and lock-up durations are set for various allocations to ensure controlled release over time.

Question 13

What is the Oobit (OOB) transaction speed and scalability?

Accepted Answer

OOB is built on the Solana blockchain, which is known for its speed, scalability, and efficiency. This enables OOB transactions to be fast and scalable, supporting seamless global payments.

Question 14

Is Oobit (OOB) environmentally friendly in terms of energy consumption?

Accepted Answer

The Oobit ecosystem supports cryptocurrencies like $VET, which is noted for having a significantly low carbon footprint. This suggests a consideration for environmental impact in their payment solutions, making Oobit a more energy-efficient option compared to traditional payment methods.

Question 15

What is the governance model for Oobit (OOB)?

Accepted Answer

The documents do not provide specific details about the governance model for the Oobit (OOB) cryptocurrency.

Question 16

What are the long-term goals and vision for Oobit?

Accepted Answer

Oobit's long-term vision is to connect the world's wallets to real-world spending by enabling anyone to pay in-store or online with stablecoins from any wallet in a simple, Apple Pay–style experience. It aims to establish a new global payment layer powered by stablecoins, offering unmatched accessibility, innovation, and reliability across 100+ countries, thereby making digital money feel simple and practical for everyday use.

Oobit Price

Top up and invest in seconds!

Market Stats

What is Oobit (OOB)?

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when Oobit reaches certain prices.

Begin your Borger Journey today with the SwissBorg app!

Oobit Price

Top up and invest in seconds!

Market Stats

What is Oobit (OOB)?

What differentiates Oobit (OOB) from other tokens?

What is the utility of Oobit (OOB)?

What does the Oobit (OOB) whitepaper promise?

What consensus mechanism does Oobit (OOB) use?

Who created Oobit and why?

How do I use the Oobit (OOB) token?

Where do I buy the Oobit (OOB) token?

Where do I buy the Oobit (OOB) token?

What problem or need does Oobit aim to address?

Is the Oobit (OOB) open-source, and can I review its code?

How was the Oobit (OOB) token generated?

What is the Oobit (OOB) transaction speed and scalability?

Is Oobit (OOB) environmentally friendly in terms of energy consumption?

What is the governance model for Oobit (OOB)?

What are the long-term goals and vision for Oobit?

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when Oobit reaches certain prices.

Begin your Borger Journey today with the SwissBorg app!

Related assets