With an expected recession in 2023, cryptocurrency entrepreneurs need to rethink their strategy. Many of them have accepted that Kava (KAVA), Binance (BNB), Polygon (MATIC), and other similarly situated projects are struggling. While that is happening, a new DeFi project called East (ORY) is already about to start the second phase of its presale.
Oryen is a blockchain platform for all investors, whether beginners or professionals. It offers peace of mind and convenience through the Oryen Autostaking Technic (OAT), which allows automatic staking and auto-compounding directly inside the investor’s wallet. No need to transfer funds or assets because the ORY holding grows every 60 minutes thanks to OAT and the protocol’s rebase reward system.
Furthermore, Oryen offers its early investors a 90% annual yield (APY) or a daily return on investment (ROI) of 0.177%. These rates significantly exceed what other tokens can offer. The APY is fixed and does not change regardless of market conditions. The stability of the ORY floor price is ensured by the risk-free value (RFV), a wallet within the protocol containing a buffer value. As the protocol is community-driven, profits are distributed directly to investors rather than into a treasury fund.
Compared to Oryen (ORY), Kava (KAVA) struggles to keep up. The Kava Network combines the speed and interoperability of Cosmos with the developer power of Ethereum. This network features a native governance and utility token, KAVA, that can be staked by validators or delegated to validator nodes. Stakers and delegators earn 37.5% of all KAVA emissions as a reward for securing the network.
Holders of BNB are also trailing behind ORY investors. BNB is the native token of Binance, the unique ecosystem of decentralized blockchain-based networks. The project has become a major crypto exchange in many countries, and its affiliates have also attracted much interest. The company started as a mere exchange in 2017, but today it has expanded its services into different areas.
Polygon (MATIC) shows signs of an uptick but may not grow as much as Oryen (ORY). Polygon is a scalable, easy-to-use framework, the first Layer-2 scaling solution on Ethereum. This protocol allows the creation of DeFi applications on a central blockchain. It also has a swift rate of 65,000 transactions per second on a single sidechain and a TXF block confirmation time of fewer than two seconds.
The bottom line
With the success of Oryen’s first presale phase, it starts the second phase.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
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