Stablecoin provider Tether has launched its Euro and Gold pegged stablecoins on the Huobi Exchange, making it even easier for investors to buy, hold and trade these coins and commodities, regardless of their country or asset levels. Meanwhile, Orbeon Protocol, a decentralized investment platform which will allow easy access to invest in web 3 projects, has exceeded expectations, increasing in price from $0.004 to $0.0302. Orbeon Protocol is now in stage 3 of its presale.
Investors are bullish on Orbeon Protocol, a disruptive new investment platform
Orbeon Protocol aims to reduce barriers to entry in the crowdfunding and venture capital industries with a revolutionary new approach to fundraising. For decades, access to the world’s most promising startups has been limited to wealthy investors and firms. Orbeon Protocol aims to democratize this with the use of fractionalized, equity-backed NFTs.
Startups raising funds on the platform can mint and issue these NFTs to everyday investors from as low as $1. This allows startups access a wider pool of investors while everyone gets the opportunity to be a VC.
Investors have been expressing their interest in Orbeon Protocol by purchasing the ORBN token in their presale. ORBN holders are entitled to governance rights on the platform, along with transaction fee discounts, cashback rewards, staking, and even access to private investor groups.
Orbeon Protocol is now in the final round of its presale, with tokens currently available at $0.0302 after rising by 655% from $0.004. Some market analysts predict a rise to $0.24 by the end of presale.
Huobi offers easy access to Tether’s commodity and Euro stablecoins
Tether has recently launched two of its stablecoins on Huobi – XAUT, their gold backed stablecoin, and EURT, a Euro backed stablecoin. XAUT has been available for trading since 2020, but in 2021 was only available on FTX and Bitfinex. Earlier this year Tether launched XAUT on gate.io and they continue to expand, by launching it on Huobi, meaning that many investors worldwide who currently don’t have access to commodities, will now be able to trade gold through Tether, something that may be much appreciated in these times of volatility in the global markets.
Whilst Tether’s XAUT is pegged to gold and physically backed by it, there have been occasional deviations from the peg from -3% to +3%. There are no transaction fees for XAUT, unlike alternative gold stablecoin PAXG by Paxos. The only time XAUT holders pay a fee is if they want to physically redeem their gold from Switzerland. Currently Tether does not charge any storage fees. One disadvantage of both of these stablecoins is low liquidity on exchanges.
The availability of Tether’s EURT will be welcome to those in the Eurozone as well as those wishing to trade or hold Euro stablecoins, and Tether’s base stablecoin USDT is sure to benefit as well.
Find Out More About The Orbeon Protocol Presale
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