What Does the Future Hold for Decentralized Exchanges and tokens like Fantom (FTM), Enjin Coin (ENJ) and Orbeon Protocol (ORBN)?

Place/Date: - November 27th, 2022 at 11:39 am UTC · 4 min read
Source: Orbeon Protocol

What Does the Future Hold for Decentralized Exchanges and tokens like Fantom (FTM), Enjin Coin (ENJ) and Orbeon Protocol (ORBN)?

When a decentralized exchange model is compared to an on-chain model like Coinbase or Bitfinex, there are several key benefits that are often cited. For one thing, most trades can be processed off-chain, removing any gas fees from trading pairs.

Some tokens that have benefitted from DEX’s, or DEX-based methodologies include Fantom (FTM), Enjin Coin (ENJ), and Orbeon Protocol (ORBN), which has notably been selling out of presale, with 6000% gains forecasted by analysts.

The Major Challenge of DEXs

In addition, smart contracts ensure that trades are completed in a trustless fashion without manipulation. That said, there is one major concern that many projects have yet to fully address when it comes to DEXs – liquidity.

If you want to buy tokens with real fiat currency (e.g., USD), then you need to find someone who wants to sell those tokens for fiat too. If there aren’t enough buyers and sellers on a given platform, then you might not be able to complete your trade at all. This leads to the question, how viable are decentralized exchanges in the near future?

To answer that question, let’s first go over what constitutes centralized finance. It operates on two primary components – fiat currencies and debt-based lending. Central bank policies influence global interest rates which determine how much people pay to borrow money and how much they earn by saving their cash instead.

This system works remarkably well thanks largely to something called fractional reserve banking — where banks keep only a small percentage of their deposits with them at any given time — but it also has some inherent flaws which experts claim DeFi would be able to iron out.

The best example of a decentralized finance system is Bitcoin. It’s a peer-to-peer, digital currency that runs on a network of computers around the world. There’s no central bank or authority that controls it, and it’s not backed by any kind of physical asset like gold.

Instead, its value stems entirely from people trusting it as a medium of exchange — much like how traditional currencies work. A few other cryptocurrencies have also adopted similar models, such as Fantom, Enjin Coin, and Orbeon Protocol. These coins are set to keep on growing in popularity and value thanks to the functions they keep serving the global community.

Fantom (FTM)

FTM is the native token of the Fantom network. Staking, governance, payments, and fees are just a few examples of how FTM is put to use in the Fantom network’s many systems of security.

Many NFT-based applications are gaining traction as blockchain technology drives the growth of Web3, and Fantom has certainly see the benefits of this. Many Fantom investors are eagerly awaiting the new year, as there are many rumors about the future developments of the Fantom network. If this bullish momentum continues, Fantom could see a bullish price surge in 2023.

Enjin Coin (ENJ)

A good example is Enjin. The Enjin blockchain was created by Maxim Blagov and Witek Radomski in 2009. With the support of Enjin, a robust ecosystem of solutions for creating, trading, monetizing, and marketing NFTs is being cultivated for use by individuals, corporations, and developers. The three blockchains are perfect examples of the bright future that awaits decentralized exchanges.

Orbeon Protocol (ORBN)

Orbeon Protocol is changing the way venture capital works by allowing regular people to invest in some of the most promising firms in the world.

Orbeon Protocol is here to alter this by giving regular people the chance to support a brand they believe in and enjoy the rewards, something that has been unavailable to them until now. They are the startup venture capitalist everyone’s watching.

Orbeon protocol is an investment platform that is revolutionizing the crowdfunding and venture capital industry, making it possible for anyone to fractionally invest in some of the most exciting and promising early stage businesses.

Offering incentive and equity based NFTs on the Orbeon platform will enable startups to raise money and interact with their community. Every investment option will be created as a fractionalized NFT, allowing anybody to support and fund companies they genuinely believe in for as little as $1.

Notably, the ORBN token powers this diverse ecosystem, and provides holders with benefits ranging from staking bonuses, project governance rights and early access to funding rounds. ORBN is currently on presale for $0.014, but analysts predict it will reach $0.24 in the coming weeks.

Find out more about the Orbeon Protocol: Presale, Website, Telegram.

Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.

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