Oryen has hit a new high after hitting $0.15 in the remaining presale. The project is currently up 200% despite the falling crypto market. Oryen adds more members as investors prepare for a bullish rise in 2023. Aptos, Klaytn, and Uniswap are some of the projects that fell sharply. Most traders are now shying away from the top cryptos as they took the hardest hit after the collapse of FTX.
Oryen’s performance ranks among them The best altcoins of 2022 just eight weeks after launch. The project led the crypto revival after a poor performance in Q4.
Understanding Oryen Network
Oriental Network is a DeFi staking platform built on the Binance Smart Chain. The protocol features the highest staking return in crypto, which is 90% annually and 0.177% daily. This feature may explain why the protocol is so popular among investors. And not only that. Oryen does not lock funds or charge additional staking fees.
The interest generated by Oryen’s Autostaking Technic is attributed to investors every hour of every day. Also, this interest remains. Thus, users who hold Oryen’s original token, $ORY, access a reliable revenue stream.
Furthermore, Oryen has designed a protocol to prevent the effects of market volatility. The staking platform has a reserve consisting of stablecoins and liquidity that other protocols have to distribute to give tokens when the market goes down. Also, the token supply mechanism is elastic and will increase or decrease to maintain a stable value.
What is Aptos?
Aptos is a Layer 1 blockchain protocol that aims to bring blockchain technology to mainstream operations. Blockchain deploys an efficient proof-of-stake (PoS) consensus mechanism with the unique Move smart contract language. On paper, the chain can process 150,000 transactions per second (tps) and aims to attract developers to build powerful DApps.
Aptos’ native token, $APT, serves a utility function in the protocol. The token facilitates all network transactions, including the payment of gas fees.
What is Klaytn?
Klaytn is a permissionless blockchain that primarily offers solutions for the metaverse, GameFi, and the creator economy. The protocol is enterprise-oriented and designed to provide easy integration by enterprises. Klaytn processes transactions with finality and irrevocability. The chain has built-in scalability tools, EVM compatibility, and a billion dollar ecosystem fund.
The protocol’s native utility token, $KLAY, secures the platform and facilitates transactions.
What is Uniswap?
Uniswap is the largest decentralized exchange (DEX) platform on Ethereum. The platform allows users to exchange ERC20 tokens and trade other assets compatible with Ethereum directly. This DEX’s automated market maker (AMM) automatically fills orders and manages liquidity on the exchange.
$UNI is a token that creates a P2P token swap on Uniswap. The token is also a governance token, allowing all holders to participate in decision-making. Holders can vote on proposals regarding liquidity pool rewards, among other issues.
The final takeaway
A strong crypto project must remain stable in the midst of extreme volatility, as seen this year. However, many of the top projects collapsed dramatically, causing mega losses for traders. Still, Oryen Network has proven its sustainability as a high performance protocol. The project remains stable and has gained more than 200% in value. Additionally, the staking protocol will generate a steady stream of revenue for $ORY holders.
Learn more here
Join the Presale: https://presale.oryennetwork.io/register
website: https://oryennenetwork.io/
Disclaimer: This is a paid release. Statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information provided in the content. Do your research and invest at your own risk.
