Holders of Band Protocol are keen on welcoming a new blockchain protocol – Orbeon Protocol. Interestingly, Orbeon Protocol is currently in its second presale stage and is already seeing 125% growth. This article reveals why Band Protocol holders are excited about the Orbeon Protocol and what this market newcomer has to offer.
What is Orbeon Protocol (ORBN)?
Orbeon Protocol is a decentralized platform that allows users to invest fractionally in startups with the potential to become successful in the long term. Indeed, investing in early-stage business startups is often difficult for small investors, and startups often need help finding capital easily. Orbeon Protocol bridges the gap between the two.
Investors can back exciting new projects for as little as $1, and Orbeon Protocol’s NFTs-as-a-Service framework allows startups to create a community around their projects while accessing funding easily and cheaply.
Additionally, the Orbeon Protocol has a multichain capability. As such, users can trade across multiple blockchains on one platform, thereby reducing costs. OBRN is the native token of the Orbeon Protocol; it powers the Orbeon ecosystem. Holders of this token will have a say in the decision-making processes within the platform. Orbeon Protocol also offers a chance for users to stake their tokens to earn passive rewards.
How Does Orbeon Protocol Work?
Orbeon Protocol (ORBN) will enable real-world business startups to launch on its platform by issuing equity-based, fractionalized NFTs. This feature will allow crypto enthusiasts and investors to buy and own these fractionalized NFTs for relatively low amounts of capital.
In addition, Orbeon Protocol has several safety features as a part of its offerings. These features include a “fill or kill” mechanism, which ensures its users are refunded if a business they backed could not meet their funding goals within a stated period. Liquidity pools are also locked for ten years, and team tokens are locked for one year and then released quarterly. Orbeon Protocol users can be assured that they are involved in a platform that ensures they get the best value for their acquisition.
In addition, the Orbeon platform is entirely decentralized. As such, early businesses will engage and build trust in the Orbeon community to promote their brand.
Overview of the Band Protocol (BAND)
Band Protocol is described as a “cross-chain data oracle.” The Band Protocol platform connects real-world data to smart contracts and decentralized applications on multiple blockchains apart from Ethereum. This data could include stock prices, weather information, flight logs, and cryptocurrency prices.
Band Protocol uses its native token, BAND, to run its blockchain called BandChain. The Band Protocol token offers staking protocols where users can stake their tokens. Staking entails locking your digital assets for a certain period of time to support a blockchain’s operation. Staking your crypto asset earns you more cryptocurrency as a form of reward.
The more stakes you have on the BandChain, the more likely you will be chosen as a validator. The validators’ role is to generate new blocks and process transactions (by providing reliable data) while earning rewards in BAND tokens.
Band Protocol offers massive potential. However, it is currently traded at $2, far from its highest price of $23 on April 15, 2021. Many Band Protocol investors feel this project could take time to recover, hence their increased interest in Orbeon protocol to provide considerable gains.
Orbeon Protocol is creating a multi-chain launchpad that will enable early-stage businesses to raise capital and launch on several blockchains seamlessly and simultaneously. The fill-or-kill feature is fascinating as it protects users from unplanned upsets.
It is important to note that Orbeon Protocol is presently in its second presale stage. Right now, adherents can buy ORBN at $0.004.
Find Out More About The Orbeon Protocol Presale
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.