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Elrond’s recent rebrand has signaled a change in focus to metaverse development, however the cryptocurrency remains down more than 83% from its all-time high. Elsewhere the future looks bright for the Orbeon Protocol (ORBN), which is currently in phase 3 of its presale. Multiple analysts are predicting returns of up to 6000% for those who invest in ORBN.
Elrond, a blockchain-based business, has changed its name to “MultiversX” following a statement that they want to advance Web3 technology and launch products geared toward the Metaverse business.
Elrond was formerly a blockchain-based system with significant growth. Elrond has its token, which is represented by the symbol EGLD. Elrond is named after a character from the Lord of the Rings books and films by J.R.R. Tolkien.
Elrond’s blockchain was released in 2018. Elrond utilizes a protocol known as secure proof of stake or SPoS. Elrond can manage multiple transactions simultaneously by merging contributions from multiple parties, and can expedite transactions with low expense – these significant technical advantages have led to a greater degree of utility than when compared to other crypto projects.
Elrond is capable of processing up to 15,000 smart contract transactions per second. A new transaction block is added to the platform every 6 seconds. Elrond transactions are also relatively affordable, costing only $0.001 each.
Despite these advantages, Elrond lost more than 83% of its value this year with the current bear market, as the token is now trading 92.3% lower than it’s an all-time high of $545. However, analysts predict that this rebrand is likely to see Elrond resurge in the near future.
Orbeon Protocol is transforming the venture capital and crowdfunding sectors by making it simpler for consumers to invest in the most promising new startups. This is done via equity-backed, fractionalized NFTs, which can then be purchased for as low as $1 by regular investors representing equity in new and innovative startup opportunities.
Orbeon Protocol places considerable focus on security. It offers a “Fill or Kill” system that refunds investors if an investment round does not meet its target. This mechanism is embedded into the smart contract and operates autonomously. Investors don’t need to be concerned about getting their money back if the fundraising effort fails.
In addition, Orbeon Protocol will establish “Winner’s Circle,” an exclusive club for high-level investors. This Orbeon Protocol NFT grants these VIPs access to secret investment rounds, face-to-face meetings with firm founders, and much more.
ORBN tokens power the Orbeon Protocol Ecosystem’s swap, exchange, wallet, and metaverse. Token holders have advantages such as governance voting rights, staking incentives, and trading fee savings.
Analysts anticipate that the price of ORBN tokens will increase by up to 6000% during the present presale. The current price of ORBN is $0.0302. ORBN has already rallied by more than 655% in phases one and two, as the third phase is currently underway.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
Source: https://en.cryptonomist.ch/2022/12/20/elrond-eglds-rebrand-leads-to-potential-gains-orbeon-protocol-orbn-future-looks-bright/