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Orbeon Protocol presale details: Phase 1 off to strong start as crowdfunding crypto nears launch

By Raphael Sanis

13:05, 1 November 2022

A laptop keyboard with the word crowdfunding
Orbeon Protocol plans to make crowdfunding more accessible by using blockchain technology – Photo: Shutterstock

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.

DOGE/USD

0.14 Price
-1.960% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

SOL/USD

179.60 Price
-2.200% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

ETH/USD

3,448.55 Price
-1.600% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

XRP/USD

0.61 Price
+2.080% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

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.

Its website said: “Start-ups will be able to raise funds and engage with their community by offering reward and equity-based NFTs. Each investment opportunity will be minted into an NFT and fractionalised, enabling anyone to back and invest in brands they truly believe in.”

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.

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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