What is orbeon protocol (ORBN)? Your ultimate guide
It is one of many upcoming new cryptos, but what is orbeon protocol (ORBN)? How does orbeon protocol work? What is orbeon protocol used for? Are there any meaningful orbeon protocol price predictions? Let’s see if we can answer these questions.
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Crowdfunding, venture capital and crypto
One of the many things that makes the blockchain potentially very exciting, at least for a certain kind of blockchain enthusiast, is the potential for it to serve as a platform for people to get together and invest in something collaboratively.
Indeed, if we look at the internet as a whole, we can see that crowdfunding and crowdsourcing are two particularly large growth sectors, with websites such as Patreon doing big business, allowing people to directly fund artists and organisations.
That said, there are some problems with crowdfunding. For instance, it can be hard to stand out in a crowded market, meaning that people who might want to put money in could find it hard to differentiate between organisations seeking funding.
Coupled with that is the concept of venture capital. The idea that people can make a living from investing in new concepts, solutions and platforms is not a new one, but it has, traditionally, been the preserve of the wealthy. After all, if you want to invest the sort of money that could make a difference to a company, the chances are that you will need to have a significant amount of money in the first place.
ORBN helps power a blockchain crowdfunding platform – Photo: ShutterstockHowever, there is an argument that says that tokenisation of assets – in other words, having pretty much anything that can be purchased or invested in represented by a token – can potentially change things by allowing smaller buy-ins to become available to people. While this probably does not represent some kind of fourth industrial revolution, it is still interesting, as it has the potential to, for want of a better word, democratise investing.
Talking of democratising investing, one could argue that cryptocurrency does precisely that. People can spend comparatively small amounts of money on a coin or a token and, if they are either smart, lucky, or both, may get some kind of return. It is important to reiterate here that cryptocurrencies are often very volatile, so that return can just as likely be a profit as a loss.
Prices can go down as well as up, and you do need to be careful and not invest more money than you can afford to lose. Nevertheless, there is a potential there for a kind of introduction to investing that might not be as easily accessible with traditional stocks and shares.
Orbeon Protocol explained
One platform that aims to bring together both potential crowdfunders, venture capitalists and blockchain investors is the Orbeon Protocol.
This platform, which heralds itself, perhaps rather modestly in comparison to the massive self-generated hype we see all too often in the world of crypto, as “one of the first crypto crowdfunding platforms”.
It works by allowing crypto holders to purchase non-fungible tokens (NFTs), which represent parts of a particular business. In return for doing so, they can invest in the organisations represented. If a company does not reach its stated goals within a particular timeframe, investors get their money back.
What is orbeon protocol (ORBN)?
Every blockchain-based network needs to have its own native cryptocurrency, and Orbeon Protocol has its own eponymous token, also known by its ticker handle of ORBN.
This crypto is designed to help people use the platform. It can be staked in return for rewards and it can also be used to get money off transaction fees on the platform.
People who hold ORBN will also be able to vote on changes to the platform, meaning it could be described as a governance token.
Talking of which, both the orbeon protocol cryptocurrency and the Orbeon Protocol network are based on the Ethereum (ETH) blockchain, meaning that the orbeon protocol cryptocurrency is a token, rather than a coin. You might well see references to such things as an orbeon protocol coin price prediction, but these are, to be precise, wrong.
The Orbeon Protocol was founded by three Ukrainian nationals, CEO Lyobomyr Koval, chief operating officer (COO) Andrii Korchun, and chief marketing officer (CMO) Anna Dubyna.
The possible future of Orbeon Protocol
One important thing to note about orbeon protocol is that it is not widely available on the open market. The first stage of the orbeon protocol (ORBN) presale started on 31 November 2022, with the token going for an initial price of $0.004, or 250 ORBN to $1. By 27 February 2023, the presale was in its eighth stage out of 12, and ORBN was worth $0.0835, with 649,069 tokens sold. 355.2 million tokens would be available during the presales, representing 40% of the total supply.
However, it might be worth noting that people who purchase orbeon protocol (ORBN) during the presale will not get their tokens dropped into their wallets until the final sale finishes. Again, some caution might be advised here. Transactions will be subject to a tax of 4% for purchases and 8% for sales.
In terms of what happens next, ORBN had been sent to fully launch on 17 January 2023, but this has been delayed. There is a roadmap, which suggests that after this it will become available on the Uniswap (UNI) decentralised exchange (DEX).
We have asked why the launch was delayed and when the presales would end, but are yet to receive a reply.
Moving further on, it plans to become available on traditional, centralised exchanges (CEXs) and, potentially, launch its own metaverse at some point in the future.
There are also plans to make the system and the token available on the BNB Chain (BNB), formerly known as Binance Smart Chain, as well as the Polygon (MATIC) and Solana (SOL) blockchains.
The platform is also working on its own Orbeon Wallet, which should allow people to keep their NFTs and cryptos in one place, a swapping platform called Orbeon Swap and an exchange called, perhaps inevitably, Orbeon Exchange.
Something worth mentioning is that no reliable price prediction sites have made an orbeon protocol price prediction for 2023, let alone an orbeon protocol price prediction for 2025 or an orbeon protocol price prediction for 2030. This is because, since the crypto has not been officially launched as of the time of writing (27 February 2023), meaning there is no market information to go on. You might see some ORBN price predictions being made by some rather unreliable sites, but it is safe to disregard these. If an article sites unnamed experts in their orbeon protocol crypto price predictions, or makes what seem like pretty over the top forecasts about a still-unreleased token, or just reads more like hype than analysis, then you should be very cautious when it comes to paying attention to what they say. In some cases, legitimate-looking sites take payment to write articles that hype up a coin or token, often by erroneously linking it with a more established crypto.
FAQs
How many orbeon protocol tokens are there?
There will be a total supply of 888 million orbeon protocol tokens.
Who created orbeon protocol?
Orbeon protocol was created by a team led by CEO Lyobomyr Koval, COO Andrii Korchun and CMO Anna Dubyna.
Who owns orbeon protocol?
At the time of writing (27 February 2023), there is no specific answer to this. It will be a mixture of the people who are investing in ORBN during the presale and the platform’s founders.
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