# OBS Token and OpenBiSea functionality

[**OBS**](https://coinmarketcap.com/ru/currencies/openbisea/) token issues for all OpenBiSea platform players who will use the app and invest in OpenBiSea. 90% of issued tokens are placed on smart contract [**account**](https://bscscan.com/address/0x1Bf12f0650d8065fFCE3Cd9111feDEC21deF6825)**.** Each deal sides can claim part of community OBS tokens to their wallets. This is a way, how platform tokens distributed from project to key people, who create main value of OpenBiSea - active buyers and sellers.

**You can use OBS for:**

* Vote governance proposals, change platform or strategy.
* Add value for your sales/purchases.
* Decrease platform commissions.
* Long term value adding.

After we will pass a high revenue, each auction creator will require a minimal 1 OBS balance on the wallet to create an NFT auction. This is a way to add value for early platform customers and create more value for all OBS holders.

<figure><img src="https://993618302-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4lX8PBfApOn6SzMESu4v%2Fuploads%2FlIccYV4NTBl5UNd1Gn0Y%2F%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202023-01-26%20%D0%B2%2019.20.25.png?alt=media&#x26;token=b671da8e-017b-4c5c-ad70-49bfe7747a7b" alt=""><figcaption></figcaption></figure>