The bear market has been particularly brutal in the past week with the entire market being dragged down. However, there are still some projects that are outperforming the market. Take Orbeon Protocol as an example, which is expected to 60x coming out of its presale phase. To show its relative strength, let’s compare Orbeon Protocol (ORBN) with Enjin Coin (ENJ) and FTX Token (FTT).
Enjin wants to help make the world a better place through improved virtual economies. Enjin provides a stellar NFT platform where users can create, play with, and seamlessly integrate NFTs. In short, Enjin’s goal is to provide the complete metaverse experience. Despite this utility, Enjin’s ENJ coin is currently down over 90% since its bull market high. While many investors are feeling the pain, patient investors with a long-term outlook are looking at investing in Enjin for a huge rebound back to its glory days and beyond. Orbeon Protocol (ORBN) has definitely had a better week than ENJ, but the FTX (FTT) has had it the worst.
FTX Token (FTT)
The FTX token has gone through a week of torment. The once-great exchange token has fallen from grace as its exchange FTX had a public collapse. The exchange was exposed as an overleveraged operation with ponzi-like tactics. This news led to a 90% drop in the value of FTT in about two days. While this might mean the death of a company in the stock market, this is crypto. We’ve seen some massive trading volume on Luna Classic after its collapse and the same might happen with FTT. However, it’s going to be hard for the token to compete with Orbeon Protocol, Enjin, or any serious project.
Orbeon Protocol (ORBN)
Orbeon Protocol revolutionizes and disrupts the crowdfunding industry by minting opportunities of promising startups as Fractional NFTs (Non-Fungible Tokens). These NFTs can then be bought and traded by interested investors for as little as $1. The ability to make these fractionalized investments in exciting startups brings much-needed decentralization to venture capital.
But that’s not all Orbeon Protocol has to offer.
Orbeon Protocol also stands out with a “Fill or Kill” mechanism that protects investors from failed rounds of fundraising. Funds are automatically returned to investors when a company fails to reach its fundraising goals within the agreed timeframe. With Orbeon Protocol, you don’t have to stress about getting your investment back when funding falls short.
The $ORBN token powers the Orbeon Protocol Ecosystem. Token holders enjoy governance, access to funding rounds, and discounts on trading fees. Orbeon has a total supply of 888,000,000 tokens with 40% available for public presale. Team tokens are locked for a full year and the liquidity pool is locked for a decade in order to protect investors. Currently, $ORBN can be bought for $0.0216 per coin. However, analysts expected a 6000% increase in price from an initial $0.004 to $0.24 by the end of the pre-sale phase. That’s generally what happens when a presale token sees a massive influx of buyer interest.