Place/Date: - November 21st, 2022 at 5:19 am UTC · 3 min read
Source: Orbeon Protocol
The value of the PancakeSwap (CAKE) token has increased due to the recent slight bullish conditions in the cryptocurrency market. However, the value of the Orbeon Protocol token (ORBN) has increased by 125% during presale, making PancakeSwap’s small growth appear insignificant. The venture capital and crowdfunding industries are seeing a complete paradigm shift because of the Orbeon Protocol, which has led many PancakeSwap investors to reconsider their holdings.
The goal of Orbeon Protocol was to remove roadblocks that prevented everyday investors from accessing the venture capital industry. As a blockchain-based investment platform, the objective is to change crowdfunding and venture capital by solving the challenges that make investors’ access to such investment possibilities difficult.
Orbeon Protocol facilitates equity-based NFT fundraising for start-up enterprises. Now, investors can purchase newly minted and fractionalized non-fungible tokens (NFTs), which will make it possible for anybody to support and fund organizations in which they have confidence with just $1. This also allows startups to raise capital quickly, whilst sidestepping the regulatory hurdles of the traditional venture capital industry.
It’s easy to see why Orbeon Protocol is gaining steam: the project’s enormous potential returns have people ready to participate in the early stages. And the crypto community has shown its support for the Orbeon project since it helps local businesses by offering non-fungible tokens (NFTs) that are based on rewards and equity and which can be used to raise capital.
The Orbeon ecosystem is driven by the utility token known as ORBN, which has an initial price of $0.004 and a total quantity of 888,000,000 (of which 40% are made available for public presale). However, market analysts predict a 6000% spike in price to $0.24 during the presale.
PancakeSwap is a DeFi (decentralized finance) app launched in September 2020 and allows users to trade BEP20 tokens on the Binance Smart Chain. With the automated market maker (AMM), users may easily trade tokens, have access to liquidity through farming, and potentially earn high fees in exchange.
The automated market maker approach that PancakeSwap uses enables users to trade against liquidity pools of other users, who, in exchange for putting their cash in such pools, receive liquidity incentives. As a result, the native PancakeSwap token, known as CAKE, has achieved some success.
PancakeSwap (CAKE) has witnessed significant price decreases as a direct result of the rise in uncertainty in the crypto market this year. Even though the price drop has eased, the coin has lost more than 60% of its value this year. Currently, the value of PancakeSwap is $4.72, and the trading volume for the previous 24 hours is $181,715,977. Additionally, it has a total supply of 144,064,327 CAKE coins in circulation, with a maximum quantity of 750,000,000 CAKE coins.
Find out more about the Orbeon Protocol: Presale, Website, Telegram.
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