Orbeon (ORBN) Presale Is Selling Out Fast, Binance (BNB) And PancakeSwap (CAKE) Price Remains Flat
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Binance (BNB) and Pancake (CAKE) have seen large movements since inception, but both have recently seen their prices remain relatively flat. In contrast, Orbeon (ORBN) has seen a surge in price and activity, with the presale selling out fast. Phase 1 of its presale continues until 177,600,000 ORBN (only 40% of the supply) are sold, which is likely to happen soon due to the high demand.
Orbeon Protocol (ORBN)
Utilizing blockchain technology and NFTs, Orbeon Protocol (ORBN) allows anyone to fractionally invest in trailblazing startups that have the potential to become the next unicorns. No longer do retail investors have to miss out on the early-stage opportunities that were once only available to accredited investors and venture capitalists.
Startups are able to raise funds via the selling of NFTs that represent a stake in the company. As each investment opportunity is fractionalized, keen investors can start with just $1. Moreover, the use of NFTs ensures that there is a clear audit trail for each investor, providing much-needed transparency in the process.
To protect users, Orbeon Protocol (ORBN) has cleverly implemented a ‘Fill or Kill’ mechanism into their smart contacts. This means that if a startup does not reach its target funding within the set time period, all funds are automatically returned to the investors.
ORBN is a utility token that powers the whole ecosystem. Holders of the token gain priority access to upcoming funding rounds, governance and voting rights, discounts on trading and transaction fees, staking bonuses and rewards, and access to exclusive investor groups.
With so much utility, analysts expect the price of ORBN to surge over 6,000% once it hits exchanges. It’s no surprise that the Orbeon (ORBN) presale is selling out so fast, as investors are eager to get their hands on this highly anticipated project.
Binance (BNB) is one of the most popular cryptocurrency exchanges in the world and is often credited with helping to grow the crypto industry. Binance (BNB) was founded in 2017 and has since grown to become one of the largest exchanges by daily trading volume.
Binance (BNB) has its own chain with smart contract functionality, BNB chain, with Binance Coin (BNB) used to pay fees. Binance also has a DEX (decentralized exchange), which allows for trustless trading.
The price of Binance (BNB) sits at $289.10, which is down 58.07% from the all-time high of $690.93. The slump in prices is mainly due to the economic downturn, but (BNB) is poised to grow again as the industry recovers.
PancakeSwap (CAKE) is a decentralized exchange built on the Ethereum blockchain. PancakeSwap (CAKE) was founded in 2018 and launched in 2019. PancakeSwap (CAKE) has autonomous market makers that enable it to function without needing outside interaction.
PancakeSwap (CAKE) has a native token, CAKE, which is used to pay fees and staking rewards. PancakeSwap also allows users to earn interest on their assets by staking them in the PancakeSwap pool. The price of PancakeSwap (CAKE) sits at $4.53, which is 89.71% from its all-time high of $44.18.
Like Binance (BNB), the price of PancakeSwap (CAKE) has been affected by the economic downturn. Investors will need to be patient as the industry recovers, but PancakeSwap (CAKE) is well-positioned to grow in the long term as decentralized exchanges and applications become more popular.
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