Obits Coin has been started on 01.12.2015 by Ronny Boesing. Its market cap is $5,330,320, and it uses the BitShares blockchain. The total supply of OBITS is 15,674,600. Obits Coin is not mineable; thus there is no proof type used. The team that works on Obits Coin is located in Denmark.Obits is a token of ownership. The tokens (OBITS) were sold off before December 2015 by the creator himself. All transactions on the platform can be verified on the blockchain. All users can then get profits that are generated in real time. The blockchain guaranties full transparency, therefore shareholders and stakeholders can make sure that they are not being scammed in any way. Users can hold stakes not just in one project, but in the infrastructure that supports a variety of blockchain technology-based projects.Obits Coin is decentralized, which means that no third party has access or can make decisions in regards to the organization to all funds. The user’s funds will always be protected because they are distributed on computers globally.