Last updated：--
View ChartObserver (OBSR) is a cryptocurrency project focused on the collection and trading of weather data through a crowd-sourced model. It combines blockchain and big data technologies to ensure the accuracy and credibility of the information gathered. The project's stated goal is to provide precise weather data via a crowdsourced microscale weather observation network built on blockchain technology. Launched on Aug. 10, 2018, by a team based in Korea, Observer aims to address problems with climate information collection at the retail level, particularly to provide hyperlocal weather information in South East Asia. The platform operates on the KAIA platform within the Klaytn ecosystem. OBSR is a utility coin that promotes crowd-sourced weather data trading, where individuals earn OBSR by sending personal weather observations. The total supply is 14,000,000,000 OBSR, with a circulating supply of 6,507,080,871 OBSR, representing approximately 46% of the total supply.
Observer was launched on Aug. 10, 2018, by a team based in Korea. The project's listed team members include Sejin Kim, Taeil Cho, Ki-Young Kim, Ph.D., Bryan Doreian, Ph.D., Peter Willemsen, and Mitchell Cash. The founding team released the project's whitepaper outlining its vision and technical framework. Further detailed public information about the team's background and organizational structure is currently limited.
Observer utilizes both blockchain and big data technologies to ensure the accuracy and credibility of gathered weather data. Weather data is collected by smartphones, mini weather stations, or automobiles. Anyone in the world can trade weather data and receive OBSERVER coins as compensation. The quality of the collected data is verified through big data analysis technology, and the details are recorded on the blockchain. Observer Nodes serve a critical role in overseeing block verification and maintaining the integrity and reliability of the data collected. These nodes also participate in the selection of the top Formulator list, a process designed to ensure a democratic and fair system for data verification and block generation. Formulators are integral to the ecosystem, responsible for connecting online, and are periodically rotated to maintain fairness and efficiency in the block generation process. This rotation system is designed to prevent any additional rewards based on group placement, ensuring an equitable environment for all participants.
Observer represents a pioneering approach within the cryptocurrency landscape by focusing on the collection and trading of weather data through a crowd-sourced model. Its innovative use of technology to crowdsource weather data not only contributes to the field of climate information but also offers a unique application of cryptocurrency and blockchain technology. By providing hyperlocal weather data, particularly in regions like South East Asia where such information is crucial, Observer fills a vital gap in the market. The platform allows individuals and private firms to trade daily weather data, creating high-resolution weather data that has never been available before. The verification of data quality through big data analysis and the recording of details on the blockchain ensure trust and transparency in the ecosystem.
OBSR is a utility coin that promotes crowd-sourced weather data trading. Individuals earn OBSR by sending personal weather observations. OBSR is an encrypted currency and a utility coin used as an empirical medium. Observer supplies weather data gathered, and OBSR is used to facilitate the exchange of weather data, offering immediate value to its participants. The main application incentivizes users to report weather conditions, rewarding them for their contributions. Individuals and private firms trade daily weather data, and anyone in the world can trade weather data and receive OBSERVER coins as compensation. The token serves as the medium of exchange within the ecosystem, enabling participants to be rewarded for their data contributions and to access the weather data collected.
The Observer ecosystem is centered on its main application that incentivizes users to report weather conditions. The ecosystem includes Observer Nodes, which oversee block verification and participate in the selection of the top Formulator list, and Formulators, who are responsible for connecting online and are periodically rotated for fairness in block generation. The target regions for the project include South East Asia, where hyperlocal weather information is crucial. The project continues to be listed on various market tracking platforms and exchanges, with ongoing trading activity. Community platforms include Telegram, Reddit, Twitter, and Facebook. The governance mechanism involves Observer Nodes participating in the selection of the top Formulator list, ensuring a democratic and fair system for data verification and block generation.
Users are able to generate OBSR through the process of mining. The project is tagged as Mineable. Observer Nodes serve a critical role in overseeing block verification and maintaining the integrity and reliability of the data collected. These nodes also participate in the selection of the top Formulator list. Formulators are integral to the Observer ecosystem, responsible for connecting online, and are periodically rotated to maintain fairness and efficiency in the block generation process. This rotation system is designed to prevent any additional rewards based on group placement, ensuring an equitable environment for all participants. Mining OBSR involves participating in the network's block generation and data verification processes.
As with any cryptocurrency, keeping your Observer (OBSR) coins safe requires attention to security best practices. Cryptocurrency prices, including Observer, can be highly volatile, and it is important to conduct thorough research and consider the inherent risks before participating. Store your OBSR tokens in a secure wallet that supports the KAIA platform and Klaytn ecosystem. Use hardware wallets for long-term storage where possible, and ensure your private keys are kept confidential and backed up securely. Be cautious of phishing attempts and only use official websites and verified platforms for transactions. Since Observer operates on the KAIA platform, ensure that any wallet or service you use supports the correct contract address: 0x3cb6be2fc6677a63cb52b07aed523f93f5a06cb4. Always verify the authenticity of any platform before providing personal information or transferring assets.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Observer products that suit your trading style
Thank you for your interest in BTCC. Currently, spot and futures trading services for OBSR are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Observer (OBSR) is C$0.000929. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated OBSR to USD rate at the top of BTCC’s price page. In terms of market scope, Observer records a 24h trading volume of C_24h.090461M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$5.943008M. Its current circulating supply stands at 6.51B out of a maximum supply cap of 14B.
The price volatility of Observer (OBSR) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (6.51B) to max supply (14B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Observer (OBSR) hit an all-time high (ATH) of C$0.089445 on 2021-04-02 16:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.000192 on 2019-12-17 16:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading OBSR futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C_24h.090461M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s OBSRUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Observer, simply log into your BTCC account with USDT margin available, navigate to the OBSRUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for OBSRUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.000929), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for OBSRUSDT with zero financial risk.
Trading Observer (OBSR) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for OBSRUSDT, and review its live price (C$0.000929) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
Bitcoin
Ethereum
Tether USDt
BNB
XRP
Solana
Dogecoin
Cardano
Avalanche
