Oryen Network (ORY) Aims For Top 100, Likely To List Near Compound (COMP), Nem (XEM), And Holo (HOT)

Oryen Network (ORY) is an up-and-coming cryptocurrency quickly gaining traction in the industry. ORY ICO started only a week ago, but the team is confident they can break into the top 100 within the next few months. 

According to analysts, the project has the potential to disrupt the industry with its innovative approach to staking and market-highest APY of 90%. With these factors working in its favor, ORY is likely to list near some of the industry leaders like Compound (COMP), Nem (XEM), and Holo (HOT).

Oryen Network (ORY)

To better grasp the potential of Oryen, we must understand the basic mechanics behind the protocol. ORY is a one-of-a-kind initiative that is neither deflationary nor inflationary but a rebase token. The rebase token is the one whose circulating supply varies in reaction to price fluctuations. The algorithm of Oryen Network modifies the token supply based on each token’s market price, which helps to stabilize its price in volatile trends. 

Oryen takes advantage of the rebase process by creating Oryen Autostaking Technic, or OAT for short. Using a positive rebase formula, Oryen Network permits daily token distribution proportional to the daily rebase incentives, which have a value of 0.177%. Simply acquiring $ORY and holding it in a wallet will provide users rebase rewards every 60 minutes. This method offers immediate value to token holders, which many believe will establish a new industry standard.

Compound (COMP)

Compound (COMP) is a DeFi lending platform that lets users earn interest on their cryptocurrencies by placing them in one of the network’s authorized pools. Compound (COMP) is similar to Oryen, although its approach is somewhat more complex. cTokens are distributed to users that deposit tokens into the Compound pool. These cTokens represent the individual’s investment in the pool and may be redeemed at any time for the underlying cryptocurrency. 

Over time, the conversion rate of these cTokens to the underlying asset increases, enabling users to redeem them for a greater quantity of the underlying asset than they first invested.

Nem (XEM)

NEM (New Economy Movement) is a peer-to-peer (P2P) open-source cryptocurrency token and blockchain platform that intends to construct the “NASDAQ of the new economy.” The NEM foundation, in particular, offers organizations the architecture and programming interface needed to develop on the blockchain. Through its software, the NEM foundation has aided governments in Ukraine, Malaysia, and Lithuania in developing their blockchain initiatives. 

Holo (HOT)

Holo is a peer-to-peer distributed network for hosting decentralized apps produced using Holochain. Holochain is a dApp development framework that does not rely on blockchain technology. Holo’s purpose is to bridge the wider internet and applications created using Holochain, providing an ecosystem and marketplace where dApps are readily accessible since they are hosted on the internet by Holo network partners.

Conclusion

From what we can see, it looks like Oryen is well on its way to becoming a top 100 cryptocurrency. With an innovative auto-staking approach and highest-possible returns, ORY will likely list near COMP, XEM, and HOT in the near future.

Learn More Here:

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/

Telegram: https://t.me/OryenNetwork

Discord: https://discord.com/invite/jSvaXmb2cB

Twitter: https://twitter.com/oryennetwork

Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.