SPONSORED POST*
The aftershocks of bearish crypto markets are still rippling through investments. As a result, many cryptocurrencies have lost value, wiping out investors’ revenues.
Amid this chaotic scene, some projects have been on a price rally and could well compete with top-ranking tokens in weeks. So far, the ICO project recording huge gains is Oryen Network, at 110% in six weeks.
Since top cryptos like $UNI and $COMP have been on freefall recently, fast-rising tokens like Oryen’s $ORY could rank near the large-cap coins.
Understanding Oryen Network
Oryen Network is a feature-packed decentralized blockchain application. In addition, the platform has a powerful staking tool through which investors can earn passive income. All you need to do is hold and auto-stake $ORY.
The Oryen Autostaking Technic (OAT) is at the core of staking functions on the platform. It leverages complex algorithms to ensure a stable token value, fixed and reliable returns, and high-yield payouts. Oryen arguably offers the highest staking rewards in the market today of any investment asset – fixed 90% APY, with returns paid every hour.
Oryen deploys a multi-layered solution to ensure its project cushions any market turbulence. In addition to the OAT, Oryen features a Risk-Free Value (RFV) wallet, which holds assets like protocol-owned liquidity and stablecoins to back up $ORY during volatile seasons. Additionally, Oryen’s treasury provides additional financial backup for the RFV wallet to sustain the growth of $ORY. This treasury is funded through the buy-sell tax mechanisms.
What is UNI?
Uniswap is Ethereum’s largest and most popular decentralized exchange (DEX) protocol. It facilitates peer-to-peer (P2P) crypto trading through non-custodial wallets. The platform runs an automated liquidity protocol called an automated market maker or AMM. Hence, there’s no need for order books to match and settle trade requests.
The DEX leverages Ethereum’s features to enable the frictionless swapping of ERC-20 tokens. This swapping occurs on liquidity pools where network users deposit their tokens to provide liquidity to trading pairs. In turn, the liquidity providers earn revenue from transaction fees on the pool. Its utility token, $UNI, powers all transactions on the decentralized exchange.
What is COMP?
Compound is a DeFi protocol allowing users to lend or borrow tokens while earning or paying interest. The protocol lists multiple liquidity pools where users can supply assets to earn liquidity pool tokens. The protocol creates money markets by pooling the different assets and setting interest rates algorithmically, depending on the demand and supply of the assets.
While liquidity providers deposit their assets into the pools, borrowers can access secured loans from Compound pools by depositing collateral. As a result, the interest paid for a loan will vary depending on the borrowed asset. In addition, if the user defaults payments and breaches the set maintenance threshold, Compound liquidates the falling collateral. All these operations on Compound are made possible by its token, $COMP.
Final Takeaway
Despite being top cryptocurrencies, $UNI and $COMP are yet to pick up speed and bounce back from the declining markets. On the contrary, $ORY has soared 110% already in its first few weeks since launching the ongoing presale.
Despite being a small-cap token, $ORY is expected to top $0.125 (a 150% spike) by early December. It may not be enough to rank near $UNI or $COMP yet, but it surely is a remarkable performance by the token.
Learn More Here
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
