Orbeon Protocol (ORBN) Presale Sees New Heights for Demand, ApeCoin (APE) Launches Staking and Skyrockets 30%
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In the past few days, the value of ApeCoin (APE), the native utility token of the APE ecosystem, has skyrocketed.
The price of ApeCoin (APE) soared by 31.9% in the previous week, despite the general bearishness of the cryptocurrency market.
The Ape Foundation has had more than $30 million worth of its APE tokens staked into its contract just a day after it was opened for staking.
On the other hand, Orbeon Protocol (ORBN) continues reaching new heights in its ongoing phase 3 presale with gains of 805% so far.
Orbeon Protocol (ORBN) Demand Increases in Presale
In terms of practicality, Orbeon Protocol (ORBN) stands out among this year’s crop of new ideas. It aims to shake up the VC industry by giving investors access to a whole suite of tools, including a wallet, exchange, NFTs, launchpad, and even a Metaverse.
Orbeon Protocol (ORBN) enables startups to mint NFTs that function as equity for investors. These can be bought as fractionalized NFTs, making it possible for regular people to put money into startups. Orbeon Protocol aims to dismantle common hurdles to entrance and free up fresh avenues of funding for startups.
Orbeon Protocol (ORBN)’s ability to protect holders against dud investments is a distinct perk. If a firm fails to meet its financial goals within a certain time frame, investors can receive their money back thanks to the “Fill or Kill” feature included in all NFTs.
The ORBN token entitles its holders to a variety of benefits, including reduced trading costs, participation in financing rounds before the general public, membership in exclusive investment groups, voting rights, and cash rebates.
The current presale round of ORBN is expected to sell out in weeks due to the coin’s high demand and the growing ecosystem. ORBN has seen a 805% gain on its presale price and is predicted to grow by 6000% in the next few weeks. While the market as a whole is falling, ORBN presents the perfect investment opportunity.
The Value of ApeCoin (APE) Explodes Thanks to the Introduction of Staking Rewards
ApeCoin (APE), a token built on Ethereum’s blockchain for the expanding Bored Ape Yacht Club ecosystem, has been doing better than the market average over the past week. It has risen 31% in the previous week, just in time for the release of ApeCoin’s staking payouts.
Horizen Labs, a blockchain-based platform, just announced the official release of ApeCoin staking specifications. APE, Bored Ape, and Mutant Ape NFT holders will all be able to stake their tokens for rewards through the staking program.
Horizen Labs’ staking strategy compensates token holders who stake their ApeCoin, Bored Ape, or Mutant Ape NFTs within the contract with APE tokens. Over the following three years, staking incentives will reach 175 million APE, or 17.5% of the entire supply, with 100 million paid in the first year alone.
CoinGecko data shows that the price of one token has increased from its all-time low of $2.63 reached on November 14 as a result of the collapse of cryptocurrency exchange FTX to $4.15. Since then, ApeCoin has gained over 30 percent.
The news about the staking rewards was not well received after Horizen Labs’ recent announcement that its authorized staking website, apestake.io, will be inaccessible to customers in various countries including the United States owing to regulatory concerns.
However, the official ApeCoin Twitter account has dropped hints that there are alternative methods to engage with the staking contract without regional constraints.
Find Out More About The Orbeon Protocol Presale