The cryptocurrency market tends to rise and fall as one, but this isn’t always the case. Gaming and metaverse tokens have been obliterated over the past year, while some projects have done very well coming out of presale. In this article, we’ll go over the fate of Axie Infinity (AXS) and then discuss Orbeon Protocol (ORBN), which is still in its presale phase and is expected to 60x or more in the weeks to come.
Axie Infinity (AXS)
Axie Infinity is an online video game that uses non-fungible tokens or NFTs. The game was developed by Vietnamese studio Sky Mavis, known for its in-game economy, which uses Ethereum-based cryptocurrencies. In Axie Infinity, players collect and mint NFTs which represent axolotl-inspired digital pets known as Axies.
With an all-time high of $165 in November 2021, Axie Infinity has seen over 95% of its value washed away. Axie Infinity is still the #59 project by market cap, and Axie Infinity might recover one day, but it’s definitely been a rough year for AXS. These days, Axie Infinity has a long way to go to recover its lost value.
Orbeon Protocol (ORBN)
Orbeon Protocol, on the other hand, is shaking up the crowdfunding industry with its ability to mint the equity of promising companies as NFTs (Non-Fungible Tokens). These NFTs are fractionalized, which can then be bought and traded by everyday investors for as little as $1. This revolutionary approach removes the gatekeepers that typically keep people out of the venture capital industry. Now, even the smallest investor can be a venture capitalist and benefit from the same percentage of gains.
Investors now have a marketplace where they can find vetted, real-world businesses and crypto projects that are looking to raise capital. Orbeon Protocol also stands out with its “Fill or Kill” mechanism. This mechanism automatically returns NFTs to investors if a round of fundraising fails, removing some of the risks from the process. Too many platforms shrug their shoulders when fundraising fails, but not Orbeon Protocol. The feature is built right into the smart contract and will not be circumvented.
The ORBN token fuels the Orbeon Ecosystem (wallet, exchange, metaverse, and swap). ORBN holders enjoy perks that include governance rights, access to funding rounds, and discounts on trading fees.
Orbeon Protocol’s ORBN tokens can be bought at $0.014 at the time of this writing but that price might not last long as experts anticipate a 6000% overall increase in price by the end of the presale phase. This potential 60x would take Orbeon Protocol (ORBN) in the opposite direction of Axie Infinity (AXS), if the last year is any indication. Still, a high tide raises all ships, and it’s possible that both projects can do well in 2023.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
