Oobit Price

What is Oobit (OBT)?

Oobit (OBT) is a utility token launched in 2017 for its native blockchain-based platform. OBT aims to simplify crypto transactions for everyone. The platform does that by combining traditional financial services and innovative blockchain technology.

Oobit operates as an all-in-one crypto ecosystem with all the necessary tools that allow anyone to buy, sell, store, and spend cryptocurrencies. It’s built on the Ethereum blockchain where the Oobit token is used to facilitate transactions.

Oobit use cases

• Peer-to-peer transactions: Oobit enables users to send and receive cryptocurrencies with minimal fees using its native token.
• Crypto payment processing: Merchants can integrate Oobit’s solutions to accept cryptocurrencies for goods and services.
• Staking and rewards: Token holders can stake OBT tokens to earn passive rewards and contribute to network security and operations.

How Oobit works

Oobit has a deflationary model where tokens are repeatedly burned based on transaction volumes in the Oobit network. This way the overall OBT supply reduces over time, supports token value growth, and encourages engagement with Oobit services.

Moreover, Oobit’s Tap & Pay feature allows token holders to use OBT in the Oobit mobile app to get immediate cashback as a reward for using OBT for transactions. With this, users are incentivized to use OBT even more while also aligning with Oobit’s mission to enhance ease of use and convenience for all users.

To sum up, users can:

• Buy crypto using fiat currencies via debit/credit cards or bank transfers.
• Use the Oobit app and wallet to store, transfer, and manage their digital assets.
• Stake OBT tokens to earn rewards while supporting the network's efficiency.
• Access real-time crypto pricing and analytics to make informed trading decisions.

Oobit price & supply

Oobit’s total supply is capped at 1 billion tokens. Currently, there’s 351.8 million OBT in the circulating supply, with the remaining amount scheduled to be released over time for a more long-term controlled growth.

Just like with other cryptos, OBT has also experienced severe price fluctuations. As of January 27, 2025, the Oobit price is around $0.0175. The highest amount recorded was $1.91 on November 16, 2021. It’s well-documented that OBT has experienced an obvious price drop, however, the price has remained relatively stable since January 2023.