The cryptocurrency market is heating up and Oryen (ORY) is positioning itself as a significant player. The project has a lot of potential to become bigger than Elrond (EGLD), Quant (QNT), and OKB (OKB). Here’s why.
With the introduction of the Risk-Free Value (RFV) wallet and the Oryen Autostaking Technic (OAT), a new rebase token called Oryen seeks to establish a new decentralized paradigm in the DeFi sector. The team behind Oryen has created a unique ecosystem that allows users to earn ORY tokens just by holding them in their wallets.
In the case of a strong sell-off, the Risk-Free Value (RFV) wallet functions as a reserve fund that maintains the liquidity pool. This technique is critical because individuals cannot purchase or sell the Oryen token without liquidity.
The RFV receives extra financial help from the treasury. If the price of the $ORY drops dramatically, this additional support may prove crucial. Thus, it assists in setting the $ORY’s floor value.
Oryen is currently at its first presale round and the price of ORY is set at $0.05. With the final launch scheduled for December 30, ORY has much potential to become a major player in cryptocurrency.
Elrond ventured into the cryptocurrency industry in order to compete with Ethereum. At the most basic level, it is a blockchain protocol. Elrond has positioned itself as a major smart contracts network for dApps developers by providing a cheaper and speedier environment.
EGLD is the governance token of the Elrond network. Elrond also employs the proof-of-stake (PoS) protocol, allowing users to stake their EGLD tokens. Still, Elrond was named among one of the top ten poorest performers in 2021, indicating that Elrond still has a long way to go to fulfill its goals.
Quant is a cryptocurrency initiative offering a variety of services to both consumers and businesses. The project began in 2018 and intended to link global networks and blockchains while retaining network efficacy and interoperability. It is widely recognized as the first cryptocurrency project to solve the interoperability problem by creating the first blockchain operating system.
Quant has created Overledger, a unique operating system enabling it to link any two blockchains quickly. Overledger allows developers to construct multi-chain applications (MApps) on the network.
Despite Quant’s innovative offering, it has been sharply affected by the recent crypto winter, recording downtrends since then.
OKB is created by the OK Blockchain Foundation and OKEx, a Malta-based cryptocurrency exchange. The exchange is one of the biggest in the world, ranking third in liquidity, fourth in trading volume, and offering a diverse range of trade pairs.
In many respects, OKEx is similar to the big cryptocurrency exchange Binance, but there are a few key differences. OKEx has its own cloud mining solution, and the company’s options trading offering to customers is more specialized. Meanwhile, Binance aims to deliver a broad range of cryptocurrency services globally.
If you’re looking for an up-and-coming cryptocurrency that has the potential to overtake some of the industry leaders, ORY is one to watch. With a well-established team and a strong roadmap, ORY is fast becoming a top contender in the space. Keep an eye on this one – it’s sure to make waves in the months and years to come.