VeChain is an innovative layer 1 blockchain that attempts to solve real world problems such as counterfeit goods fraud, and bring the costs of transactions down, something very useful for batch minting NFTs and reducing friction for consumers. VeChain have recently released their PoA 2.0 upgrade.
Elsewhere in the market Orbeon Protocol looks to solve the current difficulties associated with investing in early stage companies, using a novel fractionalised NFT method. Orbeon Protocol is now in its third stage of presale, with prices up by 655% and set to rise more upon its release in January.
Many people see the aim of web3 being a more inclusive type of internet, encouraging participation from previously untargeted or ignored groups, and democratizing access to financial products; from everything such as providing loans mortgages for the unbanked in developing countries, to offering investment opportunities in early stage startups. Orbeon Protocol (ORBN) seeks to offer the latter, disrupting the elitist Venture Capitalist industry, by offering easy, frictionless access for retail investors to buy a stake in promising startups.
Orbeon Protocol offers advantages over current community based crypto launchpads by using fractionalized, equity-backed NFTs as a form of investment – These can be purchased from as low as $1, allowing retail investors to access the VC market in a way that has never been done before.
Orbeon Protocol's native token ORBN has risen by 655% as it enters the third stage of its presale, meaning that current holders are already in profit, and if market analysts are correct then it may rise to as high as $0.24 when it launches in January 2023, offering an exciting ROI that would be an excellent Christmas present for ORBN holders and purchasers. Part of this immense demand is the benefits that are offered to ORBN holders, these can include staking bonuses, governance rights, and even access to exclusive investor groups.
VeChain (VET) was first conceived of by Sunny Lu, the former CTO of Louis Vuitton, someone who knows first hand about the problems involved in tracking and proving genuine vs counterfeit goods. Recently, VeChain released a huge proof of authority consensus update which they have been working on for several years. This update, in tandem with their dual token model (VET and VTHO) means, among other things, that dapp owners can accurately predict and prepay fees, and keep transaction cost low, reducing friction for their users. As any Ethereum Chain user knows, the unpredictability of high fees can lead to a disappointing and confusing user experience.
These exciting updates have not been reflected in the price of VeChain, which continues to drop, with various analysts indicating that there are strong sell signals in play.
However, when considered with the progress the VeChain team are making, its real world use cases, and high profile partners such as H&M and Walmart China, it may soon be reaching a good buy level. Vechain is currently trading at around $0.0184, with a fully diluted marketcap of $1,598,561,04. VET may well be approaching a bargain price for those that see the potential of VeChain and their work.
Website: https://orbeonprotocol.com/
Telegram: https://t.me/OrbeonProtocol
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