Orbeon Protocol presale details: Phase 1 off to strong start as crowdfunding crypto nears launch
13:05, 1 November 2022
Orbeon Protocol has already sold more than a third of the allocated amount in its first stage presale for its orbeon protocol (ORBN) token, a day after launching it on 31 October.
The platform is looking to reinvent the world of crowdfunding and venture capital investments by combining businesses with the crypto community and NFTs (non-fungible tokens).
Presale details and progress
Orbeon Protocol’s presale event is split into three different stages and will conclude on 25 January 2023. The protocol will be selling 40% of its total supply of 888,000,000 tokens over the three months.
The first stage will complete on 27 November with 177.6 million ORBN up for grabs at a price of $0.004 per token. At the time of writing, more than 63 million ORBN, worth $25,200, had been sold just a day into the first stage stage, roughly 35% of the total available in the first tranch.
Once the Ethereum-based token completes its third presale phase, it will then launch on the Uniswap cryptocurrency exchange, according to its roadmap.
What is ORBN?
Orbeon Protocol is tackling the crowdfunding industry and looking to make the process more accessible for both sides, using NFTs to achieve this. Businesses can raise funds by fractionalising ownership of their companies into tokens and minting them into NFTs through the Orbeon Protocol. Investors can then purchase these shares on its platform.
ORBN is the governance and utility ERC-20 token native to the Orbeon Protocol ecosystem. Investors can vote on a range of different proposals, including upcoming projects.
Holders of ORBN can also stake their tokens for yield and earn discounts on Orbeon Protocol’s NFT marketplace.
Related topics
