With stagnant prices that have left many investors of Polygon (MATIC) And Ethereum (ETH) feeling bearish about the future of the cryptocurrency industry, it is easy to forget that there are still plenty of projects out there working hard to innovate and bring new solutions to the table. One such project is the Orbeon Protocol (ORBN), which is currently in phase 1 of its presale and is set to raise $10.5m in the next coming weeks.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) uses blockchain technology to offer venture capital opportunities to anyone who wants to participate, regardless of their location or investment experience. The disruptive model of the Orbeon Protocol (ORBN) involves the sale of equity-based NFTs that give direct ownership of a company’s underlying assets to the investor.
The use of NFTs opens the door to fractionalization, which allows for a much smaller minimum investment amount than traditional venture capital models. This, in turn, makes it possible for a wider range of people to get involved in early-stage investing.
ORBN is the token that powers the whole ecosystem. In fact, it is used for governance and voting rights, discounts on trading and transaction fees, staking bonuses and rewards, access to exclusive investor groups, and so much more. Such utility is rarely seen in other tokens, which is why it has caught the attention of both the Polygon (MATIC) and Ethereum (ETH) communities.
The crowdfunding market is currently estimated to be worth $13.5Billion. If Orbeon Protocol (ORBN) can capture even a small portion of this market, it could see tremendous growth from its current $3,552,000 market cap to over $1B.
With the project’s presale now live, there is a lot of excitement in the community about what the future holds for Orbeon Protocol (ORBN). So far, the team has managed to sell 63,936,000 ORBN during a 6 hour private sale, with a current price of $0.004 per token and the price is expected to jump to $0.008 before the end of the week.
Ethereum (ETH)
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and one of the most popular blockchain platforms in the world. The platform functions as the base infrastructure for DeFi protocols, crypto exchanges, and NFT marketplaces, as well as nearly 6,000 decentralized apps (DApps)
While Ethereum (ETH) has seen some competition from other platforms like Solana (SOL) and Tron (TRX), it remains the most popular blockchain for developers. This is largely due to the fact that Ethereum (ETH) has the largest developer ecosystem and the most active community.
Recently, Ethereum (ETH) changed to a proof-of-stake (PoS) consensus algorithm, which is stage one of the ETH 2.0 upgrade. This upgrade is designed to make Ethereum more scalable, efficient, and secure.
However, with so many competitors vying for market share, it is important for Ethereum to continue innovating and bringing new solutions to the table. ETH is down 68.99% from its all-time high of $4,891.70.
Polygon (MATIC)
Polygon (MATIC) is a Layer-2 scaling solution that allows for near-instant transactions and low fees. The Polygon platform is connected to Ethereum (ETH), which means that users can take advantage of all the features of Ethereum (ETH) without being bogged down by high fees and slow transaction times.
Reddit uses Polygon (MATIC) as its back-end infrastructure to power its new NFT marketplace, which saw sales increase by 642% this month. This is a huge vote of confidence in the Polygon (MATIC) platform, as Reddit is one of the most popular social media platforms in the world.
The price of Polygon (MATIC) is $0.9549, which is down 67.65% from the all-time high of $2.92 on December 27, 2021. However, the price of Polygon (MATIC) is showing good signs of recovery, with analysts expecting big movement if the price continues above $1.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
Twitter: https://twitter.com/OrbeonProtocol
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/11/polygon-matic-and-ethereum-eth-community-turn-their-attention-to-orbeon-protocol-orbn