The once-respected cryptocurrency trading platform FTX filed for Chapter 11 bankruptcy on November 11 due to severe liquidity concerns. Following this tragedy was a discovery by analysts that 320,000 Ether had been transferred suspiciously between Crypto.com and Gate.io, raising more concerns about the security and viability of these two companies.
As a result, confidence in crypto firms is plummeting, and investors are flocking to safer alternatives like Oryen (ORY). Following the recent downturn, ORY stands out as a haven for both experienced and inexperienced investors.
Oryen, a new cryptocurrency on the Binance Smart Chain, is generating a lot of buzz among blockchain experts like Darryl Boo. Designed to be quick, secure, and safe, this innovative protocol introduces a revolutionary system for easy staking, making it an excellent choice for people seeking passive income from their digital assets. The Oryen Autostaking Technic (OAT) allows staking to take place inside the wallet, which means investors do not need to transfer assets. Instead, users simply have to buy, sell, and hold ORY tokens to earn daily payments on their initial investment.
On top of this, token holders are guaranteed a 90% annual percentage yield (APY) or a daily interest rate of 0.177%. These rates are fixed thanks to Oryen’s Risk-Free Value (RFV) wallet, which acts as a buffer, protecting the value of ORY during market fluctuations.
Anyone looking for a safe and secure source of passive income should join the Oryen community now.
In 2019, some of the most successful cryptocurrency traders formed the core of the FTX team after becoming frustrated with the lack of new ideas in the cryptocurrency futures market. FTX asserts that its unique features make it stand out from competing platforms. However, the recent failure of FTX has brought into focus the significance of proof-of-reserves for centralized exchanges.
Gate.io is a centralized cryptocurrency exchange where traders can buy and sell cryptocurrencies. Advertising itself as a steady and reliable platform, it has an intuitive interface, 24/7 customer service, and a feature-rich mobile app. The exchange does not allow fiat withdrawals and is not regulated. However, a KYC (“Know Your Customer”) process is required before withdrawing or depositing cryptocurrency.
Crypto.com is another centralized exchange founded in Hong Kong in June 2016. It is now headquartered in Singapore, with over 50 million customers from over 90 countries. It provides trading in spot, margin, and derivatives. Crypto.com also provides DeFi products such as a DeFi wallet and an ecosystem powered by its native token, Cronos (CRO).
Oryen Network’s December release is looking more promising as the price of ORY continues to rise. Despite fears induced by the FTX collapse, Oryen ICO investors are confident in ORY’s ability to build out their desired investment future.
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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.