Bull Case for OBT's Listing on MEXC Global

Another day, another listing. Today up is Oobit, a crypto payments gateway, which is listing its native OBT token on the MEXC Global exchange in the next few hours. As is the case for any new listing, some background due diligence is a must for potential investors. I’ve been following Oobit for a while now and have been using their crypto payments app since it launched in April and am feeling bullish AF about their first CEX listing (already authorized on PancakeSwap), and here’s why:

• Legitimate company: Oobit isn’t some shady rug pull where the organizers disappear a day after the listing. I checked their website, and Oobit is legally registered in APAC/the EU (you can actually find the legal documents and everything), provides proper KYC/AML services through a trusted third-party partner (Sumsub), and their entire c-level’s bios check out in LinkedIn and PRs. tbh Oobit’s level of transparency vis-a-vis the team goes beyond most other projects I see pursuing listing, and its a big plus for me.
• Proven utility: At its core Oobit is a crypto payments gateway, not another altcoin divorced from reality. They released an app that I’ve been using since April that basically works like venmo but for crypto. They also have an enterprise model and recently inked a collab with BookingExpert, an Italian hospitality booking engine, for vacation reservations in crypto. OBT is the utility token that facilitates the payments ecosystem and greases the gears for users through discounts, lower gas fees, staking incentives, etc. So token holders have concrete use-cases for OBT the go beyond its moonshot potential on MEXC.
• OBT Tokenomics: from their website, it looks like OBT is deflationary with a total supply of 1b. Its built on the ethereum network (ERC-20) but can be bridged to BSC, and there’s talk of a pending Oobit chain coming soon.
• OBT Price Movement: OBT launched in November 2021 and has been listed on PancakeSwap since. Its max price was $0.49 (June 26 ‘22), and back in May (the month directly following its app launch), trade volume soard to 6m. These metrics establish a historical baseline of sorts for the token, and given the significantly higher liquidity and float the MEXC listing will provide, imo OBT is poised for some attractive gains moving forward (though of course that’s not financial advice).
• Crypto payments are trending: despite the heavy dose of FUD the crypto space has been dealing with since the bear market set in over Q2, adoption of crypto payments is still growing fast, especially in financially underserved markets like APAC, Africa, and the Middle East. Moving forward, the smart contract and payment functionalities of blockchain tech will be front and center, and if Oobit keeps expanding its payments solution then they remain aggressively positioned to benefit from the expansion and wider embrace of crypto payments globally.

Those are some of my main points for why I’m feeling bullish about OBT’s listing on MEXC. According to the official announcement trading kicks off at noon UTC today, so do some research and don’t miss out. I’d also very much appreciate to hear what other people think about this project so please share!