Axie Infinity (AXS) And Decentraland (MANA) Investors Buy Up Orbeon Protocol (ORBN) 63 Million Already Sold
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
Some cryptocurrencies have shown signs of recovery, but for one reason or the other, they have been unable to sustain their growth. Cryptocurrency projects such as Decentraland (MANA) and Axie Infinity (AXS) are recent examples. The Orbeon Protocol presale has launched today and is already selling out quickly, showing that investors are seeking projects with a unique business model and real world utility.
Orbeon Protocol: A Revamped Crowdfunding and Venture Capital Platform
The crowdfunding and venture capital industries are being taken over by Orbeon Protocol. It is achieving this by making it easy for everyone to invest as little capital as possible in some of the most fascinating and promising early-stage crypto and web2 businesses.
Orbeon Protocol achieves this by allowing businesses the opportunity to raise funds from investors via fractionalized NFTs allowing anybody to support and fund companies they genuinely believe in for as little as $1. One of key safety features of the platform is that in the smart contract of the NFTs created for the businesses there is a “Fill or Kill” mechanism. If a company fails to reach its funding goal within the agreed timeframe, the NFTs will automatically return the money back to the investors.
The Orbeon ecosystem is powered by the $ORBN utility token which has an initial starting price of $0.004, and a total supply of 888,000,000 (of which 40% is available for public presale). However, during its presale, analysts forecast a 6,000% rise in price to $0.24. The team’s tokens are locked for 1 year and the liquidity pool is locked for 10 years, removing any possibility of a rug-pull.
Axie Infinity (AXS): Pressure Emerges Prior to Unlocking
Axie Infinity is mostly a metaverse video game where players can acquire intriguing animals called Axies and keep them as pets. Players develop kingdoms for their Axies through conflict, breeding, gathering, and raising. Sky Mavis created the game using the Ronin side-chain of Ethereum.
The ERC-20 governance tokens for the Axie Infinity Universe are called Axie Infinity Shards (AXS). AXS holders will essentially be eligible for prizes if they stake their tokens, engage in gameplay, and take part in significant governance votes. As a result, payments, staking, and governance are the three main use cases for Axie Infinity (AXS).
Axie Infinity’s white paper states that in mid-2020, Axie Infinity held a private token sale where 10.5 million tokens were sold to raise $864,000. According to the calculations, each token costs 8 cents on average. Those who made investments in the private offering are allegedly sitting on substantial paper profits as AXS was trading at about $9 at the time of writing.
The AXS price might experience suffering in the near future. This is due to the fact that a total of 21,543,000 AXS tokens, worth about $233 million, will be unlocked on October 25. Incredibly, this represents 7.979% of all AXS tokens, and this might make Axie Infinity see intense selling pressure.
Plans for Second Metaverse Music Festival Announced by Decentraland (MANA)
Decentraland is an Ethereum-based virtual marketplace where you can buy or sell lands and plots in three dimensions. Then, in accordance with your needs, you utilize the land to build your settings, apps, or a market.
The platform’s official in-game currency is called MANA. It is an ERC-20 token that enables users to pay for built-in goods and purchase LAND. MANA is burned or traded for land pieces when you sell or buy a piece of property on the platform. There are 2.19 billion MANA tokens in existence. New tokens can be added to the network by mining the Decentraland block.
Decentraland has unveiled that it’s having its second web3 Metaverse Music Festival on its platform (November 10 – 13). Decentraland has signed up more than 100 performers for the festival, and it’s free to attend.
Decentraland has had an eventful 2021. As of writing this article, MANA had a trading volume of $87,161,389. Decentraland has gone down by -10.36% in the past 30 days. Decentraland price prediction for December 2022 shows the average price of MANA at $0.55 and the highest possible price for December 2022 would be $0.59.
The ORBN utility token, which has an initial launch price of $0.004 and an overall supply of 888,000,000, powers the Orbeon ecosystem. Analysts have forecasted a 6,000% rise in price during the presale to $0.24.
Find Out More About The Orbeon Protocol Presale