Oryen Network Tokenomics Make Sense For Long-Term Sustainability, Unlike Axie Infinity

Oryen Network Tokenomics Make Sense For Long-Term Sustainability, Unlike Axie Infinity

Axie Infinity was amongst the first blockchain-based games in the world. Sky Mavis, a Vietnamese gaming studio, launched it in 2017. The format of the game is very simple. Players collect virtual pets called Axies. They fight, breed, and grow their Axies while building kingdoms for them. Axie infinity was one of the most successful projects to implement NFTs. Holders of the Axies could own them as NFTs and sell them on secondary markets.

To begin playing the game, users must own a crypto wallet, which they use to interact with the marketplace. They can then buy their first 3 Axies, allowing them to start playing games. Axies are NFTs with various characteristics like rarity, type, experience, and more. Prices range depending on the unique characteristics. Some Axies have been valued at over $10,000.

The game was the first to bring the play-to-earn model to the masses. Before it, in-game items were only valuable inside the game. However, players could ascribe value to in-game items and make real money. To earn in the game, users could play the game and earn love potions.

Declining Game

Since its launch, Axie Infinity has become one of the most popular NFT games. At its height in November 2021, the Axie Infinity game was making transactions of $40 million daily. However, those figures have since dropped. Today, it barely sees transactions of $10,000 daily.

One of the triggers for the decline of the game was an attack in March 2022. The game lost over $600 million to hackers via an exploit in the Ronin Sidechain. Since then, some participants have lost faith in the platform’s security. Even though it was a problem with a third party, Axie infinity never fully recovered. A short while later, in May 2022, the crypto markets came crashing, which only made the game less popular.

Oryen Network is Sustainable Long Term

Thus far, Axie infinity has been losing users. That is because its model is not sustainable. For one, there are no tangible real-world benefits. The NFT market has fallen significantly after only being around for a short while. That is because it is not based on anything tangible.

Oryen Network is different. It is based on a proven financial system that has been used for thousands of years. Since the beginning of modern finance, locking up funds in a bank account for fixed interest has been the norm. Oryen Network takes that further with decentralization and the ORY tokens.

Users only need to hold ORY tokens in the private wallet, and they will start earning a fixed APY of 90%. The fixed APY is the highest in the DeFi sector. It makes it easy for ORY token holders to calculate how much they stand to make from their investment.

Many investors agree with this point of view, including well-known Youtubers. They have been buying ORY tokens in large quantities, which has caused their value to rise by 200% in just a short while. At this rate, the Oryen Network could soon become the most valuable DeFi protocol in the world. Those who get in early will reap big.

For More Information:

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/

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