Oryen Network trumps Nexo, BitDAO, and Hedera with groundbreaking …

Crypto staking is the process of holding onto cryptocurrency in order to receive rewards. This is often done with proof-of-stake coins, which reward those holding the coin in their wallet. Staking can benefit investors because it allows them to earn interest on their investments without having to sell their coins.

Recently, the Oryen Network has been garnering a lot of attention and support from the crypto industry. With a slew of exciting features, the platform has been gaining momentum and is fast becoming a leading DeFi platform. In addition, an innovative staking mechanism is a vital part of the Oryen Network’s ICO. By staking their tokens on the Oryen Network, investors can receive a portion of the profits generated by the network. This has caused the price of the tokens to increase significantly as more and more people are eager to get involved in the ICO.

What is the Oryen Network?

ORY has recently been listed by Business2Community as one of the best projects to watch in 2022. It is one of the first initiatives to offer a staking solution that will reward users with an annual return of 90% and a daily return of 0.177%. Many cryptocurrency YouTubers, such as Daryl Boo and Steven Clarke, are thrilled about this initiative since it represents a significant advancement for the crypto industry.

Oryen’s auto-staking protocol is also responsible for other activities like enhancing the liquidity pool, stabilizing the price of the tokens, and building the in-house treasury to fund other projects. This makes ORY a much better investment option because investors don’t have to worry about the token’s stability during extreme market conditions. The project has given its existing investors an ROI of 200%. Here is the schedule for their ongoing presale:

Presale Session	Date	ORY Price	Purchase Bonus
Presale 2	02 Nov — 09 Nov	$0.1	10%
Presale 3	09 Nov — 16 Nov	$0.11	9%
Presale 4	16 Nov — 23 Nov	$0.12	8%
Presale 5	23 Nov — 02 Dec	$0.15	7%
Presale 6	02 Nov — 09 Dec	$0.175	5%
Presale 7	09 Nov — 16 Dec	$0.21	5%
Presale 8	16 Nov — 23 Dec	$0.25	5%
Presale 9	23 Nov — 27 Dec	$0.3	0%

Understanding Nexo

Nexo is one of the leading crypto finance firms. It is a lending platform that offers credit lines for crypto investors. Users can deposit their crypto into the platform’s wallet and then receive a loan in USD or EUR. The loan details are stored in a smart contract, and the platform supports over 20 cryptocurrencies. Additionally, if the NEXO token is used to repay the loan, users can get a 50% discount on the interest rate. NEXO has depreciated by over 80% since its all-time high, primarily due to the recent crash in the crypto market.

BitDAO – The World’s Largest DAO

BitDAO is a decentralized autonomous organization (DAO) that is designed to provide a platform where developers can collaborate via token swaps. It also aims to support a wide range of projects in the field of gaming, NFTs, etc. The platform is controlled by BIT holders and has the support of prominent VCs like Peter Thiel. BIT is a governance token, and it is used to vote on proposals and potential token swaps.

What is Hedera?

Hedera Hashgraph is a scalable and decentralized network that uses distributed ledger technology to enable fast and efficient data processing. It provides a secure infrastructure for users to build and run decentralized applications. The platform uses its own unique consensus protocol and does not operate on a Proof-of-Work (PoW) model that is common in the crypto industry. Experts suggest that Hedera can handle more than a hundred thousand transactions per second (TPS) and is currently ranked among the crypto industry’s top blockchains. However, HBAR, its native currency, has been declining due to weak market conditions and hasn’t been able to offer its investors a chance for huge gains since its ICO.

Bottom Line

The Oryen Network is a cutting-edge DeFi platform quickly gaining popularity in the crypto community. In addition, the platform can generate significant profits for its investors with its innovative staking mechanism. As more people learn about the Oryen Network and its potential, the price of the ORY is destined to rise.