Add as a preferred source on Googleorbio Plans a Token-Issuance Platform as ORBIO Market Cap Rises 109%
The planned service would pair every issued token with ORBIO and give AI agents roles in managing some token supplies and making markets.
The ORBIO token (ORBIO) saw its market capitalization rise 109.3% to $42.33 million on Oct. 21 after orbio, an AI-focused project in the Robinhood ecosystem, announced plans for a token-issuance platform. The proposed service would let projects issue tokens with ORBIO serving as the trading pair for every launch.
The platform is being built on Mosh. Its design gives AI agents control over part of the supply for some tokens and assigns the agents market-making roles.
Orbio is an AI points trading market project in Robinhood's ecosystem. The new platform adds token issuance to that focus, using ORBIO across all tokens issued through the service. Orbio completed a $1.2 million seed round on Oct. 10.
The $42.33 million market capitalization is below the $53.42 million level on Oct. 10 and the $117 million peak recorded Oct. 1. Even after the one-day gain, ORBIO remained below both earlier October readings.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.