Following a successful Phase 1 presale, Oryen’s token price jumped 100% to the delight of the earliest investors. As a result, the protocol’s native token, ORY, has recorded the best performance despite declining crypto markets. Moreover, the project has also expanded its user base, and observers predict this trend will stay.
One of the main highlights of Oryen’s decentralized finance (DeFi) protocol is its staking protocol. The feature offers unmatched returns for token holders and leverages the robust and efficient Binance Smart Chain (BSC). Going forward, the protocol will outperform tokens in its class as the best altcoin over others like IMPT and TAMA. But why do the investors have such confidence?
Growing Investors, Surging Demand
Many crypto investors are on the market for a profitable venture that is secure and with minimal risks. Unfortunately, only some projects proved to have such features throughout the year, leading to declining crypto activities. Also, investors have been avoiding crypto markets due to plummeting prices. Then came Oryen – a staking protocol offering a fixed APY of up to 90%.
After its presale started at $0.05, many investors joined the project with the prospect of staking and earning stable returns free from rapid price fluctuations. Moreover, investors were (and still are) confident of steady passive income powered by the project’s underlying auto-staking mechanism. In return, Oryen’s backers receive dividends payable every hour. This salient feature of the project has attracted even more users and grown the Oryen community significantly during the last four weeks.
Consequently, the increasing investors have triggered demand for ORY, raising the crypto’s value to $0.10 in just one month. Against this 100% price spike, early ORY adopters are assured of another stellar performance when Phase 2 of the presale commences. These expectations are becoming a reality as more crypto enthusiasts express excitement for the ongoing presale.
A Solid Build
Beyond the excitement, Oryen developers have set up a powerful protocol with secure tools for sustaining returns. First, the project has conducted smart contract audits through SolidProof to ensure all users’ assets remain safe. Then, the project utilizes a unique trade tax and anti-whale tax mechanism to reward users for holding tokens and secure the network against crypto-whale influence. Top that with Oryen’s Autostaking Technic (OAT), which maintains an interactionless and beginner-friendly staking platform.
D 'Takeaway
Oryen has built a comprehensive platform that balances the sustainability of its staking model with the community’s expectations. This way, the project adds new members to its community while retaining early investors who remain confident in Oryen’s performance. Based on this trend, ORY has massive potential for favorable price development in the near future and beyond 2023.
Léiere méi iwwer Oryen
Oryen launches its Phase 2 presale with massive bonuses in early November. In addition, you can join the community on these official channels:
Maacht mat am Virverkaf: https://presale.oryennetwork.io/register
Websäit: https://oryennetwork.io/
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Source: https://www.thecoinrepublic.com/2022/11/05/oryen-early-ico-backers-expecting-huge-price-surge-after-2x-will-the-staking-platform-outsell-impt-or-tama/