Elrond (EGLD) and Solana (SOL) prices struggle, Could Orbeon Protocol (ORBN) Overtake Them?

November 15, 2022
3 min read

Elrond (EGLD) and Solana (SOL) are two of the most notable projects in the blockchain space. However, a new project called Orbeon Protocol (ORBN) is quickly gaining ground and could soon overtake them both. Let's take a closer look at what Orbeon (ORBN) has to offer.


Orbeon (ORBN)

The Orbeon Protocol (ORBN) could potentially revolutionize the VC industry as we know it, so we're paying close attention to its every move. Orbeon Protocol (ORBN) allows startups to issue equity-based non-fungible tokens (NFTs), which investors can then use to trade or hold as a long-term investment.

For keen investors, Orbeon Protocol (ORBN) presents an intriguing opportunity. Not only does it offer a chance to invest in unicorn companies, but it also provides a way to trade these investments on a secondary market. Plus, with fractionalized NFTs, investors can get exposure to a company with just as little as $1.

As a decentralized platform, Orbeon (ORBN) is also much more accessible to startups in emerging markets. It levels the playing field and gives them a chance to compete with established companies from around the world.

Smart contracts on the Orbeon Protocol (ORBN) hold everyone accountable and make sure that all rules are followed. Audited by Solid Proof to ensure transparency and accuracy, these smart contracts have fail-safes that return funds to investors if a project does not meet its funding target.

The ORBN token is an integral part of the Orbeon (ORBN) ecosystem, which comes with a range of benefits:

  • Staking rewards
  • Fee discounts
  • Private communities
  • Priority access
  • Voting rights

There are a total of 888,000,000 ORBN tokens in supply, but only 177,600,000 are available for purchase in phase 1 of presale. With 163,479,495 already sold, it's clear that there's significant interest in what Orbeon Protocol (ORBN) has to offer.

Elrond (EGLD)

Elrond (EGLD) is a high-throughput public blockchain that aims to provide a secure, scalable, and user-friendly platform for distributed applications. Elrond (EGLD) uses a unique adaptive state-sharding mechanism that enables it to process over 10,000 transactions per second.

EGLD is the native token of the Elrond network and is used to pay transaction fees, participate in governance, and stake for rewards. To grow usage, the project offers a 30% royalty to developers who build on the platform.

Elrond (EGLD) is currently rebranding to MetaversX, as part of a larger effort to build a decentralized metaverse. But while the project is making progress on this front, the price of EGLD struggles to reach its all-time high of $542.58.

Solana (SOL)

Solana (SOL) was created to overtake Ethereum (ETH) as the go-to platform for decentralized applications (dApps). Solana (SOL) uses a unique Proof of History consensus algorithm that allows it to process over 50,000 transactions per second. This makes it one of the fastest blockchains in the world.

The SOL token is the native cryptocurrency of the Solana network. It's used to pay transaction fees and is also required to stake for rewards. Projects, especially in the gaming and NFT niches, are flocking to Solana (SOL) to take advantage of its low cost and high speed.

Some of the most popular names in the industry, like Coinbase, Binance, and FTX are backing this project. However, this isn't necessarily a good aspect for long-term investors, as Solana (SOL) just fell 62.69% off the back of FTX being illiquid and having to sell their holdings.

While there is potential for a return to the heights of $260, Solana (SOL) needs to address the concerns around centralization, gain the confidence of investors, and show that it can weather the storms.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol 

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

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