Fantom token ($FTM) jumped 24% following speculations of DeFi’s pioneering developer Andre Cronje. The trailblazer hailed as the godfather of DeFi, updated his LinkedIn to read ‘Vice President of Memes’ at the Fantom Foundation.
The move caused sudden interest in $FTM, the latest in Cronje’s portfolio of DeFi projects. The DeFi godfather has worked on many blockchain projects like Keep3rV1, Yearn Finance, and SushiSwap.
While the $FTM spike may seem remarkable, another token has had an even more impressive performance. $ORY’s price rose 110% in the same period, establishing its position as 2022’s breakthrough project. Experts suggest there’s more to come from $ORY during its ongoing ICO.
What is the Oryen Network?
Oryen is a DeFi staking protocol featuring a high-performance and secure platform for participants to grow their assets easily. The network’s underlying BSC ensures transactions on Oryen are fast and affordable. Moreover, the platform’s auto-staking technique helps to achieve industry-leading APY rates of 90%.
Oryen Network has attracted a fast-growing community of investors looking for an efficient and reliable crypto project. Following 110% gains for the earliest investors, more people are interested in joining the community to reap massive returns.
Unlike most crypto projects, Oryen’s community backing goes beyond hype. The staking platform’s solid performance adds value to investors and keeps them interested. Hyped tokens like meme coins, on the other hand, would only last as long as the craze before their value plummets.
ICO Performance of Oryen Network
$ORY’s 2X gains cannot be overstated. The bearish markets have shaken up ICOs to leave only a few projects standing, notably Oryen. Amid this downturn which saw investors lose an average of half of their asset value, Oryen investors have gained 110% in just six weeks. And there’s more to come!
Of the 40 million $ORY issued at launch, at least 25 million are up for purchase in the ongoing presales. Other tokens have been allocated to marketing, development, community, and rewards. So far, there have been over 2,500 unique registrations, while early investors double down in adding more $ORY to their portfolios. Here are the schedules for the ongoing presale:
|Presale Session||Date||ORY Price||Purchase Bonus|
|Presale 2||02 Nov — 09 Nov||$0.1||10%|
|Presale 3||09 Nov — 16 Nov||$0.11||9%|
|Presale 4||16 Nov — 23 Nov||$0.12||8%|
|Presale 5||23 Nov — 02 Dec||$0.125||7%|
How Fantom Works
Fantom is a layer-1 blockchain that supports smart contracts and the building of decentralized apps (DApps), created to be the Ethereum killer. The protocol aims to resolve inherent problems with earlier blockchains by finding the sweet spot for decentralization, security, and scalability without much compromise.
Fantom is feature-packed, with tools to simplify cross-chain integration of DApps. Its consensus layer, Lachesis, is built from the ground up to offer fast and secure processing of transactions. Fantom’s native token, $FTM, facilitates operations on the protocol and can also be used to exchange value. Essentially, Fantom is fast, low-cost, and scalable.
The Bottom Line
Andre Cronje’s return to the DeFi sector, specifically Fantom, cannot be overlooked. The resulting speculation predictably excited crypto lovers to buy more $FTM. However, as the dust settles, the token price has plateaued and is slowly taking a hit.
$ORY has an organic price surge built from a combination of factors, including solid staking performance and robust community backing. So, it’s no fluke that the token has gained 110% in the few weeks since the start of its ICO.
Learn More Here
Join Presale: https://presale.oryennetwork.io/register
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.