Obita Network White Paper v0.1

The Dawn of a Financial Revolution

The original blockchain project, BTC, was designed to revolutionize payments. As Satoshi Nakamoto stated in the Bitcoin white paper, "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." (Bitcoin White Paper)

Meanwhile, blockchain-based payments have experienced significant growth, with stablecoin transfers reaching $27.6 trillion in 2024, surpassing Visa and Mastercard's combined transaction volume by 7.68% ((CryptoSlate)(https://cryptoslate.com/stablecoins-surpass-visa-and-mastercard-with-27-6-trillion-transfer-volume-in-2024/).

However, recent studies indicate that stablecoin transactions are largely driven by trading and liquidity activities rather than genuine payments in real-world economies.

Despite the rapid growth of stablecoin transactions, they still represent only a fraction of the total global payment volume in real-world economies. Traditional financial transactions, including B2B payments, interbank settlements, and consumer-to-business (C2B) commerce payments, account for trillions in daily flows. For instance, global non-cash transaction volumes reached $1.3 quadrillion in 2023, with stablecoin settlements covering only a small portion of this vast landscape (Capgemini World Payments Report). Similarly, interbank payments and clearing networks such as SWIFT process over $150 trillion annually (SWIFT). This contrast highlights that while stablecoins are growing, their use in real economic activities remains limited compared to the scale of traditional finance.A report by Visa and Allium Labs found that in April 2024, only about $149 billion (less than 10%) of the $2.2 trillion stablecoin transactions stemmed from real user activity, excluding bot and high-frequency trading transactions (CoinDesk). Similarly, Coinbase research found that while stablecoins settled $10.8 trillion in 2023, actual non-trading payments accounted for just $2.3 trillion (Coinbase). This suggests that stablecoins, despite their high transaction volumes, are primarily used in speculative trading rather than for B2B payments.

The key barriers to broader adoption of blockchain-based payments can be categorized into three major challenges:

Regulatory Barriers: Adoption into real-world economies is hindered by regulatory restrictions such as audit requirements, foreign exchange controls, and limited banking services.
Infrastructure Performance: Issues such as low transaction throughput (TPS), high latency, scalability limitations, and high transaction costs restrict blockchain's ability to handle large transaction volumes efficiently.
Integration & User Experience Gap：Fragmented blockchain solutions, complicated wallet sollutions that are challenging to integrate with existing enterprise workflows.Insufficient risk management, complex security protocols, and cumbersome compliance processes (KYC/AML), resulting in poor user experiences.

While Layer 2 solutions, Proof-of-Stake (PoS) mechanisms, and new high-performance blockchains like Solana have largely addressed network performance, and regulatory frameworks are evolving rapidly with significant pushes from jurisdictions like the U.S., the next major focus must be on delivering a seamless, compliant, and user-friendly end-to-end payment solution.

We are at the beginning of something transformative, and now is the time for industry players like Obita to drive adoption by bridging the gap between blockchain thnology and real-world economic integration.

At Obita, we are dedicated to delivering a fully compliant, end-to-end payment solution designed to transform cross-border transactions and capital market operations. By leveraging licensed and regulated stablecoins, we provide secure, cost-effective, and highly efficient peer-to-peer payment and clearing services tailored explicitly for cross-border payment institutions and enterprises. Our solution seamlessly integrates into existing business workflows, offering an intuitive, frictionless experience that simplifies compliance, enhances operational efficiency, and eliminates traditional payment complexities

In addition, Obita is pioneering the development of an institutional capital market built upon advanced DeFi technology, seamlessly integrating tokenized financial products issued by licensed institutions to provide liquidity and asset management solutions, creating a comprehensive cross-border financial ecosystem.

Obita is designed as an open, integrated network delivering seamless solutions and exceptional user experiences. Leveraging open protocols and token-driven incentives, we bring together global liquidity providers, OTC service providers, blockchain infrastructure platforms, and leading financial service entities. This collaborative ecosystem fosters a next-generation payment network that is transparent, autonomous, secure, and exceptionally user-centric.

Obita Utility Token (OBT) will be designed to incentivize and align all participants—including users, institutions, liquidity providers, developers, and investors—to contribute to, own, govern, and benefit from the network. With a total supply of 10 billion tokens and a fair launch mechanism, Obita ensures equitable distribution aligned with the principles of decentralization.

This document details the core features, tokenomics, governance mechanisms, and its role in the global financial markets, fostering innovation and claboration in the Web3 payment space.

Problems and Opportunities in Web3 Payments

Opportunities

The rapid development of blockchain technology has begun to solve the "impossible trinity" of security, performance, and scalability. Innovations such as Layer 2 solutions and high-performance blockchains are addressing technical barriers, and the following trends present significant opportunities:

Stablecoins: Their rapid adoption provides a reliable medium of exchange within the ecosystem.
Regulatory Clarity: Emerging regulatory frameworks are recognizing blockchain assets and technologies, offering new avenues for integration and legitimacy.
Broader Acceptance: Institutions and users are increasingly adopting blockchain-based financial systems.
Global Capital Markets: Institutional interest in tokenized assets and decentralized finance is growing, offering liquidity and financial instruments that bridge the gap between traditional finance and Web3.

Challenges

Despite these advancements, the Web3 payment ecosystem faces significant challenges:

Fragmented Infrastructure: The disconnected nature of blockchain networks and wallet infrastructures creates high barriers for adoption and usability in payments.
Security Limitations: Security cannot yet be fully guaranteed through technology alone, necessitating trust entities and regulatory oversight to bridge this gap.
Regulatory Fragmentation: Localized and fragmented rules for fiat on/off-ramps complicate cross-border payment flows.
Lack of Payment Network Penetration: Blockchain-based payment networks struggle to compete with traditional financial exchange networks and require innovative incentive models to drive adoption.
Liquidity and Capital Integration: The integration between traditional financial capital markets and blockchain-based payment networks remains underdeveloped, leading to inefficiencies in liquidity flow and settlement times.

Obita's Solution

Obita addresses these challenges through a comprehensive approach:

Obita is building a comprehensive end-to-end payment solution, complemented by value-added financial services such as asset management, lending, and collateralization based on payment fund flows.

At the core of this ecosystem is a user-centric API and portal, designed to ensure a simple and seamless user experience and high service quality, developed and promoted directly by Obita.

This solution goes beyond simple payment processing—it provides customizable security frameworks to address users' concerns about fund safety, AML (Anti-Money Laundering) compliance, and regulatory risks. By integrating flexible custody and insurance solutions, Obita ensures that businesses and individuals can securely manage wallets without compromising usability.

Additionally, the platform is built to seamlessly integrate crypto payments into enterprise workflows and existing regulatory frameworks, allowing businesses of all sizes to adopt digital asset payments while maintaining full compliance with industry regulations. This holistic approach empowers users with a tailored, secure, and fully adaptable payment infrastructure.

Beyond this, other key components of the network—including liquidity providers, custodians, stablecoin issuers, and blockchain infrastructures—will operate under an open network model. This model enables the integration of licensed, compliant, and reputable service providers through revenue-sharing agreements and OBT-based incentives.

By adopting this approach, Obita offers a one-stop, high-quality payment and financial services, while leveraging tokenized governance to optimize network-wide resource allocation and foster a thriving ecosystem.

Core functionalities include:

Minimalist API integration for seamless payment link generation
Global payment and collection IDs for streamlined transactions
Payments and collections via ID or blockchain addresse
Worldwide payout capabilities
Multi-currency merchant acquiring to support global transactions
Pay-in and pay-out solutions for efficient fund management
Fiat-to-crypto and crypto-to-fiat conversion
Support for global fiat and crypto payments and collections
Compatibility with financial standards, including SWIFT’s ISO messaging protocols (e.g., ISO 20022 standard for financial data exchange)

Key principles include:

Licensed and Compliant Stablecoins: While we do not issue stablecoins ourselves, we leverage licensed and regulated stablecoins within a compliant framework to facilitate cross-border payments and clearing, ensuring all fund flows comply with financial, trade, and foreign exchange regulations.
Secure Custodian Services: Obita provides a secure custodian framework, allowing merchants and partners to operate worry-free. Participants can choose between self-custodial solutions for full control over assets or full custodial services for seamless security and compliance.
Plug-and-Play Global Liquidity Provider Network: Obita connects seamlessly with global liquidity providers, incentivized by OBT, to offer a compliant and efficient on/off-ramp capability for participants.
Ecosystem Incentive Mechanisms: Licensed tokens are used as ecosystem incentives to encourage liquidity contribution and active participation from institutions, enhancing overall network engagement.
Regulatory Compliance with Scalable Entry Barriers: We initially set moderate entry thresholds to ensure system stability, then gradually lower institutional entry barriers as the network matures, broadening participation.
Efficient Payment and Settlement: By bypassing traditional centralized banking and SWIFT systems, we enhance efficiency, reduce settlement time, and lower transaction costs by minimizing intermediary layers.
Institutional Market Access: A phased institutional onboarding approach ensures network stability, security, and compliance in its early stages. As the system matures, we will incrementally expand financial institution participation.

Through these strategies, Obita bridges the gap between blockchain innovation and the practical requirements of global financial networks.

Key Features

Decentralization: The fair launch mechanism ensures no central authority or team has disproportionate control.
Transparency: All transactions, fees, and redistributions are recorded on-chain, ensuring full public visibility.
Deflationary Mechanism: Token burns progressively reduce supply, benefiting long-term holders.
Community-Driven Growth: Incentives and governance empower participants to shape the network’s future.
Global Liquidity Access: Obita integrates with major financial institutions and decentralized liquidity pools, enabling seamless capital flow across jurisdictions.

Tokenomics

The token represents the value of the network and is not related to the equity of any company.

Name: Obita (OBT)
Blockchain: Solana (provisional)
Total Supply: 10 billion (10,000,000,000) tokens
Initial Distribution:
- 10% allocated to the team
- 20% allocated to investors
- 70% allocated to ecosystem incentives

Lockup Period for Team and Investors

10% of allocated tokens will be unlocked when the Fully Diluted Valuation (FDV) of OBT reaches 100 million USD.
An additional 10% will be unlocked for every subsequent 100 million USD increase in FDV.

Token Burning Mechanism

All network transaction fees will be allocated as follows:
- 50% to cover operational costs, ensuring long-term sustainability and development of the Obita ecosystem.
- 50% will be used to buy OBT from the market.
- Of the purchased OBT:
  - 50% will be distributed to transaction participants, including senders, receivers, liquidity providers, FX providers, or any other key players, as rewards for network engagement.
  - 50% will be permanently burned, reducing the circulating supply and increasing long-term token value.

Obita in the Global Capital Markets

Obita provides a bridge between blockchain-based payment networks and traditional global finance through:

Cross-Border Settlements: Enabling efficient, cost-effective cross-border transactions using stablecoins and tokenized assets.
Integration with Institutional Finance: Partnering with major financial institutions, exchanges, and payment processors to expand utility and liquidity.
Programmable Financial Instruments: Utilizing smart contracts to create tokenized bonds, structured financial products, and decentralized lending markets.
Liquidity Incentivescouraging institutional and retail liquidity providers through yield-bearing mechanisms that align incentives across both DeFi and TradFi sectors.

Vision and Outlook

Obita is not just a payment and clearing network; it will be a globalized cross-border capital market. By leveraging licensed stablecoins and technological innovation, we aim to facilitate efficient, and intermediary-free cross-border fund transfers 24/7. Our goal is to connect global enterprises and financial institutions, reshaping the infrastructure of cross-border finance by achieving the perfect balance between compliance and efficiency.

Obita represents more than a token—it is the foundation of a decentralized, transparent, and equitable payment ecosystem. By adhering to fair launch principles, leveraging innovative fee structures, and implementing robust governance, Obita empowers users, merchants, developers, and financial institutions to collaboratively build a sustainable and inclusive financial future.

Disclaimer:

Obita Token (OBT) is solely a network utility token designed to facilitate transactions and incentivize participation within the Obita ecosystem. OBT tokens do not represent equity, ownership rights, or securities in Obita or any associated entity. The content of this document is intended for informational purposes only and does not constitute investment, financial, legal, or tax advice. Readers should consult their own professional advisors before engaging with Obita Network or acquiring OBT tokens.