Oryen Leads ICO Market with 120% Gains for Early Backers – Has ORY the Utility to compete with COMP and UNI?
One of the best ways of getting the best out of a crypto investment is to invest early. Initial coin offerings, ICO, offer users the opportunity to get project tokens at the best price possible.
However, not all ICOs are best for investments. Some projects need more utility and are bound to fail, while others promise low returns that are not worth risking an investment. Therefore, successful investors always look for a project that promises high returns and longevity to invest in early.
Oryen Network is leading ICO markets with 120% gains for early investors. Moreover, it ticks all the boxes, including utility, fundamentals, strong use cases, and community. However, the rising prices have drawn people’s attention, and market researchers are now questioning whether ORY has the utility to compete with COMP and UNI.
What is Oryen Network?
Oryen Network is a new auto-staking platform that offers users a simplified way to earn the highest returns. The project runs on Binance Smart Chain (BSC); hence secure, fast, sustainable, and with low fees.
The unique Oryen Autostaking Technic (OAT) automatically compounds payouts hourly for stakers and pays the guaranteed yield out to holders of ORY. Additionally, all staking rewards are fixed at 90% APY.
However, Oryen Network is also designed with an Anti-Whale Tax, which aims to prevent large sell orders by implementing higher taxes. Whale selling can destabilize the ORY market, jeopardizing the token’s value. By discouraging such sales, Oryen creates stable and fixed returns that never shifts with the market condition. The innovative RFV wallet system supports the mechanism.
Further, Oryen conducts frequent smart contract audits through SolidProof, an industry leader in blockchain auditing.
What is COMP?
Comp is a DeFi lending protocol that enables users to invest their cryptocurrency assets and earn decent interest. COMP supports various pools that token holders can invest in.
On the other hand, COMP allows users to deposit collateral and take secured loans from any supported pool. The maximum LTV ratio varies between 50% and 75%, depending on the collateral. The interest rates paid also vary with the borrowed asset.
COMP has grown in popularity since its launch in September 2018.
What is Uniswap (UNI)
Uniswap is a popular blockchain-based exchange or swap. It is popular for facilitating the automated trade of DeFi tokens. Uniswap uses an automated market maker (AMM) approach to maintain automated and transparent trading. The protocol is completely open to anyone who holds tokens and does not offer custodial services like centralized exchanges.
UNI, the native token of the DEX, is used for governance on Uniswap, in which token holders can vote to define the project’s future.
The bottom line
Oryen is a relatively new project compared to UNI and COMP. However, as reflected in its successful ICO, Oryen has already achieved a lot. If the project continues with good performance, it will soon compete with highly successful protocols like UNI and COMP in the Top 100.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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