Oryen Network Development Powers Ahead With dApp Release On BNB Chain

For many crypto traders, 2022 was a rough year. The crypto market saw new lows in the following quarters after hitting its all-time high (ATH) in November 2021 with a $3 trillion market valuation. Despite LUNA’s decline predicting a comeback in Q3, the FTX exchange disaster delivered the crypto industry another blow, sending Bitcoin prices to break below the $20k support.

Few tokens are currently suggested as suitable purchases in Q4. While others are in doubt, other projects are still in decline. The tokens TRON, $BNB, and $SHIB are a few to consider. Nevertheless, $ORY from Oryen Network is one token you cannot afford to miss.

Binance Coin: What is it?

The utility-rich Binance Coin ($BNB) is a native token of the Binance Smart Chain and centralized exchange, the biggest CEX in terms of trading volume. The token facilitates transactions on these exchanges, which provides significant fee reductions. $BNB is used to provide liquidity and trade NFTs outside of the exchanges.

Despite its ‘endless’ utility, the price of $BNB has fallen 15% in the last two months. Compared to other major projects, which have declined more than 50% during the same time, its performance is strong.

Launch of Oryen on BNB Chain

BNB Chain, one of the most extensive and most successful decentralized infrastructures in the blockchain environment, will shortly host the debut of Oryen Network. The world’s biggest crypto and derivatives exchange, Binance, created the BNB Chain after crowdfunding, similar to that of Oryen Network. The network encourages the creation of decentralized applications, or DApps, as well as the use of smart contracts. Along the chain, BNB also helps the BSC network.

Due to this blockchain’s global accessibility, ORY, Oryen’s native token, will be accessible to all types of investors from all over the world once it debuts. Additionally, crypto institutions such as hedge funds will gain access to the token, playing a major role in $ORY’s success. The storyline and market positioning of Oryen Network have Steven Clarke in good spirits.

Oryen’s ICO Performance

Despite the negative trends in the cryptocurrency markets, ORY has increased 3X in the past two months. Very few projects have had growth in the same time frame throughout the entire crypto market.

The platform plans to launch a decentralized exchange known as Oryen Swap to help investors and traders swap and trade tokens anonymously. The DEX will not require users to pass KYC requirements as centralized exchanges do. All trades and transactions will be anonymous, without traders having to produce their personal information. The decentralization will also shield crypto-savvy investors from the impending regulations likely to hit centralized entities after the collapse of the FTX exchange.

Even before the coin is live on mainnet, the continuing presale will deliver gains to the last investment. The platform plans to be the best choice for both short-term and long-term investors, with a 90% APY on all investments. Additionally, Oryen Network takes staking to a whole new level by eliminating the use of smart contracts. Smart contracts deployed on blockchain networks are currently widely used in the staking field. Oryen will utilize a risk-free value wallet that has inbuilt auto-staking and auto-compounding features to automate the process.

Final thought

Global finance is moving toward DeFi. Investing in interesting enterprises that offer passive income and allow you to make money while you sleep is crucial. As the present presale concludes, it will persuade more investors to buy Oryen, leading to further price increases. Buy ORY now to gain an advantage in the ecosystem.

Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.

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