Smart investors can see the great potential in this new and exciting DeFi network known as Oryen. What’s all the hype about? And how does Oryen (ORY) compare to Monero (XLM) and Algorand (ALGO)?
Oryen Network (ORY)
Oryen is a DeFi staking platform that is community-run and censorship-proof. The platform’s creators have developed a simple staking platform using the Oryen Autostaking Technic, or OAT. The protocol operates automatically, as implied by its name, allowing holders to sit and wait for their returns.
With returns of 90% annually (APY), this approach fosters a profit-rich staking. Plus, holders of the native token ORY are entitled to hourly interest payments. With a greater frequency of passive revenue production, Oryen is definitely the ultimate staking platform.
Oryen has fortified its framework to keep user assets safe. By employing SolidProof’s audits on a regular basis for instance, the platform ensures safety of its smart contracts. Oryen also protects itself against network hackers in this way.
In addition, Oryen makes use of an anti-whale tax technique to maintain network decentralization and prevent any potential disruptive patterns by would-be whales.
Monero (XMR) was the fifth-largest cryptocurrency in the world at the end of 2016. It was created as a more private alternative to well-known cryptocurrencies, and has since had trouble retaining investor interest. Monero, despite experiencing substantial growth over the last six years, is no longer one of the most widely used cryptocurrencies. XMR has seen new lows in the current bear market as a result of its difficulties in maintaining its dominant position in the sector.
The decentralized blockchain network Algorand offers a wide range of applications. Network security and transaction fees are paid using ALGO, the native token of the Algorand blockchain. Algorand (ALGO) launched its initial coin offering (ICO) in June 2019.
Investors looking for a return on their Web3 investments should reconsider purchasing ALGO; its cost has dropped considerably. The image of Algorand among investors has been harmed by this general bearishness.
ORY’s price has risen by 200% in its ICO. Thus, at this point, it would be unwise not to watch out for it. And some of the top crypto observers on YouTube alongside the Business2community seem to agree.
To get more Information:
Join Presale: https://presale.oryennetwork.io/register
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.
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This post first appeared on: NullTX