Obsidian (ODN) Market Cap Tops $4.31 Million

Obsidian (CURRENCY:ODN) traded up 2.3% against the U.S. dollar during the 1-day period ending at 12:00 PM ET on March 14th. One Obsidian coin can currently be bought for approximately $0.17 or 0.00001991 BTC on major cryptocurrency exchanges including Cryptopia, C-CEX and HitBTC. During the last seven days, Obsidian has traded up 10.3% against the U.S. dollar. Obsidian has a total market capitalization of $4.31 million and approximately $21,395.00 worth of Obsidian was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

  • Cardano (ADA) traded down 2.5% against the dollar and now trades at $0.21 or 0.00002456 BTC.
  • OmiseGO (OMG) traded 5.1% lower against the dollar and now trades at $12.60 or 0.00145079 BTC.
  • Qtum (QTUM) traded down 4.4% against the dollar and now trades at $17.29 or 0.00199089 BTC.
  • BitShares (BTS) traded down 3.7% against the dollar and now trades at $0.16 or 0.00001795 BTC.
  • Ardor (ARDR) traded up 13.6% against the dollar and now trades at $0.34 or 0.00003958 BTC.
  • Particl (PART) traded 13.5% lower against the dollar and now trades at $15.96 or 0.00183782 BTC.
  • Raiden Network Token (RDN) traded 4.2% lower against the dollar and now trades at $1.82 or 0.00021052 BTC.
  • ION (ION) traded 10.8% lower against the dollar and now trades at $2.77 or 0.00032009 BTC.
  • BitBay (BAY) traded down 6.3% against the dollar and now trades at $0.0534 or 0.00000617 BTC.
  • Quantum Resistant Ledger (QRL) traded 10.1% lower against the dollar and now trades at $0.91 or 0.00010550 BTC.

Obsidian Profile

ODN is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. Its launch date was August 24th, 2017. Obsidian’s total supply is 94,332,006 coins and its circulating supply is 25,000,000 coins. The Reddit community for Obsidian is /r/ObsidianProject and the currency’s Github account can be viewed here. Obsidian’s official Twitter account is @ObsidianCrypto. Obsidian’s official website is obsidianplatform.com.

According to CryptoCompare, “Obsidian is a PoS cryptocurrency for popular use. It uses the more energy efficient SHA-512 hash algorithm to optimize for use on mobile devices and improved quantum computing resilience. ODN uses the proof-of-stake consensus strategy and pays a block reward of 20 ODN, which is equivalent to an interest rate of about 10%. In addition, Obsidian is the currency that powers to future Obsidian Secure Anonymous Messenger economy. The Obsidian Secure Anonymous Messenger allows for sending end-to-end encrypted messages, media, and files and is optimized for anonymity of communication and metadata protection/avoidance and does not require any user accounts, phone number or personal email address which could identify its users. The message transport will be accomplished by a decentralized network of special messaging masternodes that can be run by anyone by simply installing the respective software. Running messaging masternodes will be rewarded in Obsidian currency, so that messenger users and messenger masternode hosters form an economy which is independent from any company or country and maintained only by the open source community. Obsidian has an active Slack community in English with channels in русский and 中文, which welcomes traders, entrepreneurs, developers and everyone interested in science and innovation to share knowledge and learn. According to the White Paper, the current circulating supply is 24.4M. “

Buying and Selling Obsidian

Obsidian can be traded on these cryptocurrency exchanges: HitBTC, Cryptopia and C-CEX. It is not currently possible to buy Obsidian directly using US dollars. Investors seeking to trade Obsidian must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Obsidian using one of the aforementioned exchanges.

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