There is no doubt that the blockchain industry is booming. The question on everyone’s mind is which blockchain project will be the next big thing. In this article, we will explore how Orbeon Protocol (ORBN) is set to progress further and possibly transcend Stacks (STX) and Aave (AAVE). Keep reading to find out!
Stacks (STX) is a layer-1 blockchain that allows developers to build, deploy, and grow decentralized applications on Bitcoin (BTC). This provides a simple, powerful, and secure way to interact with the Bitcoin blockchain and has led Stacks to see success with blockchain developers.
With Stacks, developers can create smart contracts, decentralized applications (dApps), and digital assets that work with Bitcoin (BTC) and other cryptocurrencies. With Bitcoin (BTC) as the base layer, Stacks can provide the highest degree of security and censorship resistance.
Like other cryptocurrencies this year, Stacks (STX) is down over 90% from its all-time high price. But, the Stacks team is still hard at work building out the ecosystem and growing the community.
Aave (AAVE) is a decentralized lending platform that allows users to earn interest on their crypto assets. The Aave protocol is powered by the Ethereum blockchain and uses a system of collateralized debt positions (CDPs) to provide loans.
Aave’s CDP system is unique in allowing users to collateralize multiple assets at once. This means that users can put up their ETH, BTC, and even NFTs as collateral for a loan. The Aave protocol also allows users to stake their tokens to earn interest on their holdings.
But while Aave (AAVE) is gaining traction, the crypto bear market has put a dent in its growth. The Aave protocol is still in its early stages, and it remains to be seen whether the project can continue to grow at the same pace in a bad economic environment.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a crowdfunding launchpad with one significant difference – built with blockchain technology. Now anyone can launch a project and raise funds or invest in a project without having to go through venture capitalists.
But how does it work? In short, equity-based NFTs are minted and sold during the project’s fundraising phase. These fractionalized NFTs represent an acquisition in the project and can be traded on secondary markets. Utilizing this system, everyday investors can now support the next generation of unicorn startups for as low as $1.
Smart contracts are used for nearly all aspects of the Orbeon Protocol (ORBN). For example, they automatically refund investors if a project does not reach its funding goal. With everything running on the blockchain, there is no need for a middleman. This makes Orbeon Protocol (ORBN) a more democratic way of funding projects.
The ORBN native utility token powers the Orbeon Ecosystem. Holders of the ORBN token can stake it to earn a percentage of the fees charged on the platform, vote on platform governance, and more.
The crowdfunding industry is worth a massive $13.5B, not including the number of venture capitalists currently funding projects. If Orbeon Protocol (ORBN) captures even a small portion of this industry, it could see massive growth from the initial price of $0.004 per token.
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