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Orbeon Protocol offers transparency and potential for large gains with ORBN
Especially in turbulent market conditions, investors do well to look closely at the fundamentals of any project they are buying into. Orbeon Protocol, a challenger VC and community launchpad, offers to assist investors by carefully vetting new and upcoming crypto projects. These startup companies can fundraise with everyday investors by minting and issuing fractionalized, equity-backed NFTs for as low as $1.
The project also features a native ORBN token, which provides holders with various bonuses ranging from staking rewards, access to investor groups and governance rights. Market analysts are predicting a huge rise in the ORBN token, up 6000% from presale prices up to $0.24.
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Chainlink’s partnerships and upcoming staking can’t stabilise its price
As many people in DeFi will know through painful experience, if a price oracle gets hacked or exploited, this is very bad news for any project using that oracle. Chainlink aims to solve this by connecting many oracles to increase decentralisation.
On December 6th staking v0.01 goes live and this will provide weighty financial incentives for Chainlink oracle nodes to report if another oracle is acting suspiciously.
The Chainlink partnerships team continues to be very active, with over 1600 partners to date. Examples of Chainlink’s partnerships include UNESCO and UNICEF, educating various groups and countries on crypto, partnering and businesses such as Swift and Google Cloud, Polygon. Participation in the network also continues to grow.
Why then, does Chainlink price continue to fluctuate so much? Perhaps it’s because at the moment there is mainly selling pressure for LINK. Oracles are rewarded in LINK for their participation and these rewards are then sold.
Ultimately, Chainlink is an important project for the safety and decentralisation of DeFi, but at the moment that isn’t reflected in its price.
Cronos’s proof of liquidity info concerns investors after the fall of FTX
Cronos is the native coin of the CEX Crypto.com, and its side chain Cronos.org. With only 25 validators (who must be approved by the Cronos team), Cronos (CRO) is essentially a centralised currency. Whilst Cronos has pushed forward with dramatic adverts and the $700 million purchase of naming rights for the Los Angeles Lakers stadium, it also heavily slashed its rewards for users of its Crypto.com card, causing a community backlash. Given that people need to purchase and lockup Cronos in order to have the card, there are now less people holding the currency, which brought down the price.
More recently, there have been security concerns raised by lookonchain who have questioned their Proof-of-Reserves, noting that they hold large amounts of low liquidity tokens such as SHIB. Furthermore, Crypto.com did some large transfers before releasing their proof of liquidity, causing Binance’s CZ to warn users that this is ‘a clear sign of problems’.
Given the recent crash of centralised exchange, FTX it’s no surprise that this has raised alarm bells within the community, and this is reflected in CRO’s price which has dropped from its summer lows of around $0.11 to around $0.062 as of late November.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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The views expressed on this page are those of the author and not of The Portugal News.