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The recent decline of the FTT token has aggravated price volatility in crypto markets. Panic selling and the liquidation of crypto assets have caused tokens to nosedive deeper into a likely endless pit for some crypto projects.
Top cryptocurrencies have taken massive hits as the overall market cap shrunk further. Consequently, investors are moving away from these projects to invest in more profitable ones. Two projects losing market share are Uniswap and PancakeSwap – top DEX platforms for Ethereum and BSC, respectively.
The biggest gainer from this turbulent market is Oryen Network. Following a successful second presale phase where early backers earned 110% profits, the latest shake-up is projected to bring in even more investors to Oryen.
Understanding Oryen Network
Simply, Oryen is a blockchain platform that allows users to stake their assets and get paid interest hourly. Like a conventional fixed deposit account, Oryen offers guaranteed interest rates of 90% per year. This is probably the highest rate of any assets in the crypto sector.
The staking process on Oryen is done via an automated protocol. The auto-staking technique deployed by Oryen enables a reliable revenue stream to facilitate hourly interest payouts to investors.
Oryen developers leverage BSC’s network security features and scalability to power fast, affordable, and secure transaction processing. This efficiency is essential given $ORY’s utility as a mode of exchanging or transferring value. So, merchants can start accepting $ORY payments for their near-instant transaction finality and minimal fees. Oryen also conducts regular smart contract audits via SolidProof to keep its protocol tamper-proof.
ICO Performance of Oryen
$ORY’s numbers don’t lie! The token has grown rapidly, barely a month into its ICO. So far, $ORY has reached $0.11 from its starting price of $0.05. The token will peak at $0.125 when the presale closes in early December.
Investors not only gain from the token’s appreciating value. By staking on Oryen, traders are guaranteed a 90% APY. This feature has attracted investors to move away from top coins and invest in Oryen. Below is a summary of $ORY’s ongoing presale schedule:
How Does Uniswap Work?
Uniswap is the largest decentralized exchange (DEX) on Ethereum. The protocol enables P2P crypto trading via non-custodial wallets. Trades on Uniswap are facilitated by its automated market maker (AMM), a set of algorithms that fill users’ buy-and-sell orders.
Uniswap’s AMM comprises a series of smart contracts that hold tokens in pairs called liquidity pools. Users on the DEX can swap or add tokens to liquidity pools or even list their own ERC-20 crypto for free. And anyone can supply liquidity to the pools to earn a portion of the fees imposed on traders.
Uniswap’s $UNI token is applied to various network operations to reward the Uniswap community.
What is PancakeSwap?
PancakeSwap is the Uniswap equivalent built on BSC. The platform shares many features with Uniswap, most notably the AMM. Primarily, PancakeSwap lists tokens minted through BSC’s BEP-20 token standard.
With BSC’s enhanced scalability, PancakeSwap manages to limit slippage when swapping tokens while settling transactions faster and at a lower fee compared to other DEXes. PancakeSwap’s $CAKE token facilitates network transactions and payment of gas fees.
The Bottomline
Top cryptos like $UNI and $CAKE have dipped amid market turmoil. However, Oryen is moving against this trend and has already soared 110%. Experts are calling for even bigger gains for $ORY in the coming weeks as the project has proven its performance and credibility.
Learn More Here
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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