What is Orbs Network (ORBS)

1. Project Introduction
Orbs is a decentralized Layer-3 blockchain infrastructure specifically designed for advanced on-chain trading. It enhances EVM and non-EVM smart contracts without requiring liquidity migration to new chains, supporting liquidity aggregation, sophisticated order types, and decentralized derivatives to optimize on-chain trading. This unique setup forms a decentralized backend that offers CeFi-level execution for DeFi transactions. Founded in 2017, Orbs launched its mainnet and token in March 2019.
Summary: Orbs is a public blockchain infrastructure operating as an additional layer atop existing EVM-based L1 and L2 chains to augment smart contract and DeFi application functionalities.
2. Team & Investment Info
Team:
Daniel Peled: Co-Founder, also co-founder and CEO of PayKey.
Ran Hammer: VP of Business, previously a corporate attorney specializing in high-tech, VC, and cross-border M&A; founder of the blockchain and cryptocurrency practice at GKH Law Offices.
Nechama Ben Meir: CFO, formerly led accounting and tax at Check Point Software Technologies.
Funding:
March 2023: DWF Labs committed to a $10 million token purchase.
May 2018: Secured $118 million in funding.
3. Social Media URLs
X: https://x.com/orbs_network
Telegram: https://t.me/OrbsNetwork
Discord: https://discord.gg/sswGDYGBt5
YouTube: https://www.youtube.com/channel/UCfpV4z-MGxeiabFkht1LNPQ/featured
4. Token Info
Token Symbol: ORBS
Total Supply: 10,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: There is a burn plan.
Contract Address: https://etherscan.io/token/0xff56cc6b1e6ded347aa0b7676c85ab0b3d08b0fa
Token Distribution:
Long-term Reserve: 55%
Private Sale: 20%
Team & Founding Partners: 20%
Advisors: 5%
5. Related Links
Official Website: https://www.orbs.com/
LinkedIn: https://www.linkedin.com/company/orbs/
Other Info: https://www.rootdata.com/Projects/detail/Orbs?k=MTgx