New digital currencies are added to the crypto market on a regular basis, and few of them demonstrate outstanding performance after their launch. Oryen Network has surged up to 100% since its presale launch, placing it ahead of many altcoins like Stellar and Lucky Block. The project’s features and tokenomics are why many investors are diving into the project.
Oryen Network
Oryen Network doubled its price a few weeks after its ICO launch. Following this, the project has come into the spotlight, capturing the attention of many investors. In this bearish season, ORY serves as one of the best alternatives for investors who want to make a significant return on their investments.
Oryen Network is also popular for introducing the OAT (Oryen Auto-staking Technic) feature, which simplifies the staking process to buy, hold and earn. Users receive a daily return of 0.177%, which makes up the 90% annual percentage yield. Even a user who has no prior knowledge of the staking process can earn passive income by holding the token.
Also, the project integrates the risk-free value (RFV) wallet into its ecosystem to support the investors’ APY and stabilize the ORY token during the market downturn.
Stellar
Stellar is one of the cryptos that deferred the bearish market, making gains while other altcoins were plunging. The coin was worth $0.1144 at the start of October and reached $0.1293 on the 9th day of the month. However, there was a price decline towards the end of the month and the beginning of November, as the coin is currently $0.1140.
Stellar is an open-source blockchain network that facilitates the storage and seamless transaction of funds among banks, payment systems, and individuals. Stellar aims to achieve low-cost International transactions, whether through fiat or cryptocurrency and also ensure the inclusion of the world’s unbanked population. Stellar uses the native token, Lumen (XLM), for transactions on the ecosystem.
At the launch of this project, 100 billion Lumen were minted. The circulating supply was later reduced to 50 billion Lumens, which increases annually by 1% to control the inflation rate of the token. Stellar makes asset trading cheap, especially across borders, as it charges 0.00001 Lumen for every transaction.
Stellar was founded by two tech entrepreneurs, Jad McCaleb and Joyce Kim, and was launched in 2014. The protocol is an open-source algorithm, which means it’s subject to further development and modifications, meaning XLM may be a good investment for the long term.
Lucky Block
Lucky Block has made significant gains since it was launched in January 2022. Following this, the project has been making waves in the crypto market, drawing so many investors to its platform. However, the coin had a huge decline on 13th October as it hit the price of $0.0001637, a 98% decrease from its ATH.
The Lucky Block, a protocol built on the Binance Smart Chain (BSC) network, aims to revolutionize the lottery sector by integrating it with the blockchain mechanism. The project proposes to bring solutions to varieties of challenges plaguing the lottery system, such as security issues, speed, and liquidity.
Moving the lottery to the blockchain will ensure transparency and provide a smooth user experience in the system.
The tokenomics of Lucky Block was designed in such a way that 4% of every transaction is put into the lottery fund. Holders who want to participate in the daily jackpot lock in their tokens. The jackpot includes the money in the lottery fund and the total tokens that are locked in.
While the winner of the lottery takes 70% of the jackpot, 10% goes to marketing, another 10% goes to charity, and the rest is distributed among the token holders according to the amount of token held.
Summary
Checking which project better suits the macro environment is key to ensuring positive portfolio growth. Oryen’s backed asset is likely to withstand the test of time and hit all the right notes.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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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