This week, the Observer crypto asset will be listed on Indodax. An open deposit will start on November 18th, 2022, at 14:00 WIB (UTC +7), and open trading will start on November 19, 2023, at 2:00 PM (UTC +7).
Observer is transitioning into a GameFi platform that offers IGO services to bridge Web2 developers to Web3. Curious? Come on, read more here!
Data and Information
The Observer was founded on the vision that “anyone can generate weather data and buy it at a reasonable price.”
In Observer, weather observations are made around the world in real-time, with data available to the public without government interference.
Big data technology allows for systematic data management, while Blockchain technology allows transparent trading data.
For this purpose, Observer intends to collect data, perform quality control and provide standards for data transactions.
Weather monitoring has been primarily considered a public service. Tax revenues usually manage weather observation networks, and data exchange is done through an intergovernmental organization (World Meteorological Organization).
Observer Ecosystem
Observer consists of three main components such as:
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Weather data provider
Individuals and private companies can measure weather conditions from various sources, for example, Smartphones, cars, mini-weather stations, ships, planes, etc.) and share them in real time.
Observers (observation) can be done consciously or unconsciously.
For example, a car connected to an OBD scanner can automatically measure air pressure every 30 minutes after the engine starts and send the data to the Observer Foundation via a smartphone.
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Buyer
Purchasers of historical and real-time weather data can be individuals, companies, or governments.
Customers, such as weather service providers, can process Observer data to offer real-time information about urban weather.
Weather information obtained from the car can be directly applied to the car’s navigation system.
Weather service providers can create hyper-local short-range weather forecasts by combining Data Observer with AI technologies (e.g., IBM’s Watson and Google’s deep learning algorithms).
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Observers Foundation
The Observer Foundation has several roles, such as controlling the quality of the Observer’s real-time weather and archiving it into the database.
It is also blocks weather information based on his strength. In addition, the Observer Foundation carries out regular compensation payments (Observer Coin) for successful observations and connects data providers and buyers.
The Observer Foundation operates a local server and a central server.
Coin Observer (OBSR)
OBSR is a coin listed on Crypto Exchange and used in data transactions.
Data providers receive OBSR on two separate occasions, the first when their data is quality checked and the last when the data is sold.
To access weather data, buyers must buy OBSR from a crypto exchange and pay for it at the Observer foundation.
The value of OBSR will increase with the greater public interest in the Observer project and greater demand for data. In turn, this will result in better compensation for data providers.
Observer uses Blockchain technology to enable transparent data management, easy data trading, and efficient compensation.
A purchaser can instantly buy weather data by paying with OBSR anywhere in the world.
OBSR eliminates problems arising from conventional purchasing methods, such as unstable foreign exchange rates and interruptions in wired and remittance remittances.
The details of transactions are recorded in the blockchain and managed transparently.
Observer Crypto Assets
The current CoinMarketCap ranking is #861, with a live market cap of $5,799,530 USD. It has a circulating supply of 5,707,080,871 OBSR coins and a max. supply of 14,000,000,000 OBSR coins.
How to Buy Observer Crypto Assets on Indodax
For those of you who want to buy Observer crypto assets, you can buy them on Indodax starting January 19th, 2023 at 2:00 PM (UTC +7).
Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Look for Observer in the Rupiah market then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy Observer. You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell it at a higher price with the instant method
- If you sell with the limit method, you can place orders after buying. Make sure you enter a higher number when selling.
