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The Observer Coin (OBSR) is a utility cryptocurrency that promotes crowd-sourced weather data trading. Individuals earn OBSR by submitting personal weather observations, which incentivizes the community to contribute accurate and timely weather data. The OBSR serves as a medium of exchange within the Observer ecosystem, allowing data buyers to access valuable weather data provided by the community.
The OBSERVER Coin (OBSR) is the native cryptocurrency of the Observer platform. It is used to purchase various weather data collected and traded on the platform. The Observer platform allows individuals and private firms to trade daily weather data, which is collected from sources such as smartphones, mini weather stations, and automobiles. The quality of the collected data is verified through big data analysis technology and recorded on the blockchain, creating high-resolution weather data. Users can receive OBSR tokens as compensation for contributing weather data to the platform.
To store Observer (OBSR) tokens, you can use a secure and reliable cryptocurrency wallet. Here are some key points to consider:
- Private and Secure Wallets: Choose a wallet that does not require registration or KYC (Know Your Customer) verification, ensuring your data remains private. Your private keys should be encrypted and remain on your device, giving you full control over your funds.
- Multi-Asset Wallets: Consider wallets that support multiple cryptocurrencies, including Observer, Ethereum, XRP, Litecoin, and others. This allows you to manage multiple assets in one place.
- Desktop and Mobile Options: Select a wallet that offers both desktop and mobile applications for easy access and management of your OBSR tokens.
- Trusted Reviews and Support: Opt for wallets with positive reviews and reliable customer support, ensuring any issues are addressed promptly.
- Secure Storage: Always protect your private keys and use secure storage methods to safeguard your OBSR tokens.
By following these guidelines, you can securely store your Observer (OBSR) tokens and manage your cryptocurrency portfolio effectively.
To buy Observer (OBSR) tokens, you need to follow these steps:
Choose a Reliable Exchange: Find a trustworthy centralized exchange (CEX) like Binance, where you can purchase Observer. You can also use decentralized exchanges (DEX) if available.
Buy a Base Cryptocurrency: Since you cannot buy OBSR directly with fiat currency, you need to purchase a base cryptocurrency like USDT, BTC, ETH, or BNB that can be easily bought with fiat. This can be done through exchanges that offer over-the-counter (OTC) trading services.
Transfer Base Cryptocurrency: Send the base cryptocurrency to the exchange or wallet that supports OBSR trading.
Trade for OBSR: Use the base cryptocurrency to trade for OBSR on the exchange.
Store OBSR: You can store your OBSR on the exchange's wallet, a crypto wallet like Trust Wallet, or a cold wallet for long-term storage.
Optional: Trade, Earn, or Transfer OBSR: You can trade OBSR for other cryptocurrencies, earn rewards by staking, or transfer OBSR to others.
Remember to follow the specific procedures for the exchange you choose, as they may vary.
The Observer Coin (OBSR) is a cryptocurrency that operates on a Proof of Stake (PoS) consensus mechanism, utilizing the POS 3.0 algorithm. It does not have its own blockchain and is listed on several exchanges, including Bithumb, Upbit, and Indodax, where it can be traded against various fiat and cryptocurrency pairs.
The OBSR token is part of a platform that enables individuals and private firms to trade daily weather data. Users can collect and share weather data from various sources such as smartphones, mini weather stations, or automobiles, and receive OBSR tokens as compensation. The quality of the collected data is verified through big data analysis technology and recorded on a blockchain, allowing for high-resolution weather data.
The token has a total supply of 14 billion, with 6 billion currently in circulation. The market capitalization of OBSR is around BTC125.4774, ranking it #1482 on CoinGecko. The fully diluted valuation, assuming all 14 billion tokens are in circulation, is BTC292.4354.
Historically, the highest price paid for OBSR was BTC0.051095 on April 2, 2021, and the lowest price was BTC0.0072000 on December 17, 2019. The current price is significantly lower than its all-time high but higher than its all-time low.
The price of OBSR is calculated by aggregating data from multiple exchanges and markets, using a global volume-weighted average formula. The token's price performance is influenced by market trends and sentiment, with predictions suggesting a potential decline in the near future.
The OBSERVER Coin (OBSR) is a utility token designed for use within the OBSERVER platform, a blockchain-based weather data trading platform. Here's how it works:
Data Providers and CompensationIndividuals and private firms can trade daily weather data on the platform. Data providers receive OBSR tokens on two occasions: when their data is quality-checked and each time the data is sold. This compensation model incentivizes data providers to contribute high-quality data to the platform.
Buyers and Data AccessTo access weather data, buyers need to purchase OBSR tokens from cryptocurrency exchanges and pay the OBSERVER foundation. The value of OBSR tokens is expected to increase with greater public interest in the OBSERVER project and higher demand for its data, leading to better compensation for data providers.
Blockchain TechnologyThe OBSERVER platform uses blockchain technology to enable transparent data management, effortless data trade, and efficient compensation. Transactions are recorded in the blockchain, ensuring transparency and eliminating issues related to conventional purchasing methods such as unstable foreign exchange rates and remittance disturbances.
Token Supply and AllocationThe total supply of OBSR tokens is capped at 14 billion units. The tokens are allocated for various purposes, including weather rewards, business operations, team and advisors, and previous circulation. The allocation is designed to support the development and success of the OBSERVER project.
Risks and Legal ConsiderationsIt is essential to understand that investing in OBSR tokens involves significant financial risks. The project may fail, or the token may become worthless due to various factors such as lack of public interest or changes in laws and legislation. Contributors should be aware that OBSR tokens do not provide any rights other than the right to use the OBSERVER platform and do not constitute a solicitation for investment.
Market PerformanceThe current market performance of OBSR tokens can be tracked through various cryptocurrency exchanges and market data platforms. The token's price, market capitalization, and trading volume are subject to fluctuations based on market conditions and investor sentiment.
The token OBSERVER Coin (OBSR) has several strengths that contribute to its potential value and adoption:
Decentralized Weather Data Marketplace: OBSR is the native cryptocurrency of the Observer platform, which is a decentralized weather data marketplace. This platform gives meteorological data real value using blockchain technology, providing a unique and innovative solution for weather data collection and dissemination.
Market Capitalization: OBSR has a market capitalization of around $8 million, indicating a significant valuation by the market. This market cap is a reflection of the asset's perceived value and liquidity.
Trading Volume: The token has a notable 24-hour trading volume, which suggests a reasonable level of market activity and liquidity. This volume can be an indicator of the token's popularity and the interest it generates among traders and investors.
Circulating Supply: The circulating supply of OBSR is substantial, with over 6 billion coins in circulation. This large supply can contribute to the token's liquidity and make it more accessible to a wider range of investors.
Long-Term Price Prediction: According to long-term price predictions, OBSR is expected to continue its upward trajectory, with the lowest price reaching $1.8, the average price moving to $2.1, and the peak price hitting $2.6 by 2030. This optimistic forecast is driven by factors such as a more mature crypto market, widespread adoption of OBSR, and technological innovations in the Observer platform.
Technical Analysis: Technical analysis of OBSR's price movements and trends can provide valuable insights for traders and investors. Indicators like moving averages, relative strength index (RSI), and volume can help identify future price directions and trends.
These strengths collectively contribute to the potential value and attractiveness of the OBSR token, making it a notable player in the cryptocurrency market.
The OBSERVER Coin (OBSR) involves significant financial risks. The project's success is not guaranteed, and it may fail, causing the OBSR to become worthless. Additionally, even if the project is successfully developed and launched, it could be dissolved due to a lack of public interest, changes in laws and legislation, or other uncontrollable reasons. The contributor understands that OBSR does not provide any rights other than the rights to use the OBSERVER platform and does not supply any kind of income and/or ownership rights.
Here is the team behind the crypto OBSERVER Coin (OBSR):
- Sejin Kim: Co-founder, IT Specialist
- Taeil Cho: Co-founder, Business Developer
- Ki-Young Kim, Ph.D.: Co-founder, Meteorological Specialist
- Bryan Doreian, Ph.D.: Overseas CEO
- Peter Willemsen: Blockchain AI Developer
- Mitchell Cash: Lead MainNet Developer
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