Investors seek a safe, trustworthy, and transparent platform to trade their digital assets as demand for cryptocurrencies increases. Like the hype around the BNB and VET ICOs, Oryen Network has been attracting much attention in the crypto market. The crypto industry is still reeling from the collapse of LUNA and FTX. These two ventures severely lowered the value of other DeFi projects and worsened the already gloomy markets. For instance, in the last year alone, the total value locked (TVL) in DeFi projects has decreased from $200 billion to $40 billion.
One particular DeFi project, named Oryen Network, dominates the market despite the challenging market conditions dispelled by the bear market.
VeChain (VET) and BNB set the pace for Oryen Network
VeChain, a public blockchain, is designed to enable the widespread adoption of blockchain technology by serving as the foundation for a robust and expandable enterprise blockchain ecosystem. The platform claims that despite being a substantial technological advance, Ethereum is still inadequate for the operation of massively scaled commercial decentralized applications (DApps). On the other hand, BNB’s ecosystem is powered by the crypto BNB and has stood the test of time since its ICO in July 2017. It has since grown to become one of the largest smart contracts infrastructures competing against Ethereum.
Understanding Oryen Network
Oryen Network is a staking platform on the Binance Smart Chain developed to improve security and reduce inefficiencies through its capacity for passive revenue. Its auto-staking and auto-computing software feature make a 90% Annual Percentage Yield (APY) guarantee possible, translating to daily profits of 0.177% for all investments made.
The price of the ORY token, which represents Oryen, is currently $0.25 in presale 8, which is a guaranteed 400% rise from $0.05 in phase 1. The price increase signals an upward trajectory leading up to the debut. Oryen doesn’t have vesting and is automatically airdropped to holders’ wallets, and more investors are taking part in its ongoing presale. At a launch price of $0.35, Oryen offers every ICO buyer an equal chance to secure presale gains regardless of the amount invested in the platform. This achieves the platform’s goal of helping investors create wealth.
Because of ORY’s distinct qualities, which have drawn prominent investors’ and YouTubers’ interest as the protocol slowly rises to fame. As part of the expansion process, Oryen plans to establish a decentralized cryptocurrency exchange that will offer investors and traders an opportunity to swap and trade digital currencies.
Oryen seeks to protect investors from volatile market situations with its Risk-Free-Value (RFV) wallet, which is backed by a treasury support base price. Because of this, the Oryen Network may continue to pay out yields even when the bearish market reigns supreme. This will make ORY a safe haven that appreciates over time, unlike stablecoins. All of this is backed by a secure audit, showing that Oryen Network means business when it comes to the safety of its platform.
Final thought
Oryen Network is achieving the highest results of any DeFi project in Q4. The platform is being hailed by crypto traders as the upcoming jewel and breakout token for 2023. The performance trends of the token are also on track to resemble those of BNB and VET in their initial years.
For More Information:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Source: https://www.thecoinrepublic.com/2022/12/22/oryen-network-presale-live-maybe-the-next-bnb-or-vechain-level-ico/