While there are thousands of altcoins and DeFi tokens, the two surest bets with the least risk are still Ethereum (ETH) and Bitcoin (BTC). These venerable blockchains will be around and thriving for decades and perhaps centuries to come. But innovation is progressing at a blinding pace. While most altcoins to date come with high risks, there’s a new token on the block that offers low risk and high rewards. The platform is called Oryen Network.
Oryen Network — 90% APY on ORY
The Oryen team refers to ORY, its native token, as “a community-owned, censorship-resistant, reserve currency.” Simply put, Oryen Network is a crypto staking platform that offers a juicy APY of 90% on ORY tokens. In addition to the platform’s super-simple autostaking protocol, ORY gives users additional utilities such as risk-free lotteries which will be implemented soon.
In order to pay up, Oryen uses what’s known as a “rebase” strategy. This means that the circulating supply of the token will grow along with the treasury in order to ensure both the token’s price and the interest rate. The rebase tokens aren’t pulled out of thin air. They have a risk-free value which is funded by the token’s buy and sell fees. Buyers pay an 8% royalty or “tax” and sellers pay 12%. The treasury also carries additional equity to hold the floor in case of an extreme price drop.
The interest is compounded every 60 minutes and produces a daily APY of 0.177%. That doesn’t sound like a lot, but daily compounding interest can be explosive. If you start with 1 million $ORY, after a year, your balance will be 1.9 million $ORY. And the longer you hold ORY, the more it compounds. After five years holders will have north of 24 million ORY. After 10 years you’ll be looking at over 600 million ORY.
Of course, the price of the token is as important as the size of the stack. The tokenomic engine considers a complex set of factors when determining how many tokens will need to be minted in order to both support the price of ORY and pay the rebase rewards. In addition to relying on game theory, the technique also uses codified investment psychology to predict the habits of buyers and sellers.
In order to attract more users and boost the price of ORY, a portion of the tax is used to fund marketing efforts plus the development of additional utilities in order to attract more people into the community. The first project being developed is called Oryen PLAY. It will allow users to side-stake their tokens for a risk-free chance of winning a fat lottery. Additional features currently in development include Oryen NFTs, a mobile app, and cross-chain functionality.
But the best part about Oryen is that there’s literally nothing that ORY holders need to do to collect their money. Just buy and hold ORY in your wallet. Tokens are automatically staked and rebase rewards are automatically airdropped back to the holder’s wallet.
Oryen Network is currently running a pre-launch ICO in three rounds with a token price of $0.05 plus bonus tokens. To entice the early birds, the bonus percent decreases at the end of each month. The launch date for Oryen Network is 30th December 2022. This is one ICO that we’re pretty certain will sell out.
Join Presale: https://presale.oryennetwork.io/register
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