Why $ORN is the sleeping beast of the altcoin market
Market Cycles
Currently, Bitcoin is breaking all-time-high after all-time-high, which means that a lot of crypto capital is being sucked away from alternative, smaller-cap projects to the “big boys”. However, as Bitcoin starts to level out we will see capital inflows into the altcoin market.
Initially, the large-cap altcoins (e.g. ETH) will see a boost as they play catchup to the gains shown by bitcoin. These large-caps will be heavily overleveraged and as the upside is reduced as price increases we will see the time of the low-caps bloom. Bloom and go BOOM.
As profits from the initial market moves are rotated into low-caps, we will start seeing 10X,50X,100X, legendary 1000X moves come to fruition. However, these gains won’t happen simultaneously across the low-cap market but in sectors. Sectors such as Layer 1 Protocols, Liquidity Mining coins, DeFi, Gaming, NFTs, etc.
Benefits of ORN
One sector I missed off of the sectors list was exchange utility tokens… BNB will already have had its time earlier on in the cycle and will be moving sideways by this point. Who could take its place?
$ORN will be in prime position to do so. And this is why:
- No KYC required so privacy is guaranteed EVEN on CEXs. This in itself is a world-first, but currently US citizens cannot access Binance’s full liquidity (only Binance US). Problem solved for them.
- Best price. Guaranteed. Who doesn’t want to buy the cheapest and sell the dearest?
- Beautiful arbitrage opportunities with negative spread showing instantly when such a situation arises.
- Ultra low swap fees. Who’s Uniswap?
“This is all fine and dandy, but what actually is ORN?”
ORN is the token of the Orion Ecosystem which has the Orion Trading Terminal at the heart of it. This terminal is the single, non-custodial access point to the entire crypto market. Bold statement? Definitely. All the various liquidity pools, DEXs, and CEXs are aggregated into one overarching order book, guaranteeing optimal order execution on every single trade.
Now, a logical conclusion that must be considered is speed. That’s a helluva lot of data flowing all over the place from order routing to price monitoring. And the bright folks at Orion immediately saw that running on Ethereum would be impossible (not to mention unusably expensive), so Elrond was chosen to be the backbone blockchain to the ecosystem. Elrond is more than up for the challenge with their 260k transactions per second (PayPal has 193 tps as comparison). So as you can tell, we are in the speedy hands of the Elrond Wizards.
Perks of HODLing ORN
And these are all without going into the tokenomics of $ORN, which is world-class with 16 different revenue streams adding utility and value to holders.
And the kicker is Non-broker Staking. NBS is a mechanism that allows holders of ORN to vote and share in the trading terminal fees paid by traders. It essentially allows you to become a part-owner of Orion! A fantastic article detailing some of the potential daily rewards can be found here. In essence, the higher the daily trading volume, the higher your rewards will be. We are at the cusp of one of the most phenomenal bull runs the crypto world has ever seen, which means volume. And lots of it.
Oh, and there’s also an insane token burn mechanism whereby 100% of all licensing fees from their products will be used to remove ORN from circulation.
If BNB has experienced such success with a fraction of the utility of $ORN, a fraction of the potential passive income, and a fraction of the burn mechanisms, what do you think the future prospects of Orion are?