Orbit– a new commercialized renewable energy company is set to make waves in the renewable energy industry. The firm has just announced that it will employ the Ethereum blockchain for users to buy and sell solar power on a daily basis.
Founded by Victor Knight in 2020, the idea for Orbit and the Orbit Network was spawned the year before.
According to most recent reports, ORBT tokens will be given out to users and used to make these purchases and sales of solar power.
Besides, transactions will be anonymous given that they would be made utilizing the Ethereum blockchain.
There have been plenty of fake ICOs in recent years that stand for nothing. This isn’t another one of those. The Orbit Network is enthusiastic about the Defi space and plans to be an integral project to the entire ecosystem now and in coming years.
The company is also looking to help create a source of income for anyone interested in making the world better through the use of renewable energy.
"We’ve decided to use an ICO instead of an IPO to respect our investors' anonymity as well as giving access to a wider range of people. This way our investors are able to make money from our success and support us at the same time as us not having to give up any ownership in our company, " A statement on the company’s website announced.
The damaging consequences of climate change have become extremely alarming. It is therefore important to make the shift from burning fossil fuels that could cause harm to people and their environs, to using clean and renewable energy– something Orbit is aiming to help with.
With $1,000,000 worth of ETH invested into Orbit tokens, this tech company is hitting the ground running. Tokens allocated to the pre-sale that aren't sold will reportedly be burned to prevent dilution when Orbit token gets listed crypto exchanges like Uniswap, Coingecko, Kyber, etc.
What's more? Investors will have a safety net that will give them at least the liquidity that organizations that invested in Orbit have provided. This makes supporting the Orbit Networks projects a wise and safe decision to make.
