Market maker and investment firm DWF Labs, Blockchain infrastructure provider through token sale altcoin company To Orbs Network (ORBS) 10 million dollars invested.
Upon the development, there was activity in the price chart of the ORBS token. The dynamism, which was observed as an increase in the first stage, was diluted with a regression at the time of this writing.
Orbs recently launched its base layer 3 product, a decentralized “time-weighted average price” for decentralized exchanges, or dTWAP protocol for short. Orbs and DWF are heavily involved in the TON ecosystem developed by the founders of Telegram Messenger.
In his statement on the latest development, DWF Labs partner Andrei Grachev said:
“Orbs is a highly promising project within the TON ecosystem and we are pleased to invest in their vision for the future of decentralized finance. Their contributions to the dTWAP protocol for decentralized exchanges and the TON ecosystem demonstrate their commitment to fostering the potential for growth and innovation in this space.”
Orbs is an ERC-20 token running on the Ethereum platform. These tokens are used as the main means of payment for all services on the Orbs platform. Users can pay for infrastructure operators’ services through the token, and the token is also used to select validators and manage the protocol in general.
The total supply of the network is set at 10 billion ORBS tokens. This supply is fixed and is produced using a process called priming.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!