Danish cryptocurrency exchange CCEDK released a new currency called Obits that offers holders a share garnered from trading and referrals on the OpenLedger platform. The public launch is due on December 1st while the private sale of Obits begun last Friday with half the coins available for pre-sale being already sold.

Ronny Boesing, Founder and CEO at CCEDK, told to the Cointelegraph:

“We have a total supply of 18 276 898 tokens called OBITS, 20% was released prior to Friday last week with a public launch on December 1st, 2015, about 10% has been sold.”

Ronny Boesing, Founder and CEO at CCEDK

Investors can buy the new currency Obit using both Bitcoin and fiat and during the private sale stage the price is lower than current market price, and much lower than the public price will be. It is similar to buying stakes in the exchange business where currency holders can earn from current and future revenue streams.

Obits has been created as a token on the decentralized financial platform OpenLedger, which is also run by CCEDK. De facto OpenLedger is a BitShares 2.0 financial smart contract and cryptocurrency platform and is especially suitable for fast trading while users have control over their balances. Obits holders will also have a say in the future development of OpenLedger via exclusive voting features from CCEDK.

According to Ronny Boesing:

[Obits brings] the potential win in being the initial lifetime member referring new customers to the OpenLedger platform, allowing residual income onwards on whatever they may spend on the platform.”

By December 1st, 70% of the total supply of Obits will be available. Therefore, if the whole 70% will be sold in December 2015, the first month of buyback will start on January 2nd, otherwise the first month of buyback will take place February 1st.

You can find out more on the Obits official website obits.io.