While stocks and other conventional assets shrink in the face of global economic recession, traders have sought alternative vehicles to grow their assets. Consequently, digital assets like cryptocurrencies and NFTs have soared in popularity.
Although cryptocurrency markets have declined through 2022, some tokens have had outstanding performances. These top-performing altcoins have generated massive yields for holders, up to 110% in a month, in the case of Oryen Network.
Oryen Network only recently completed Phase 2 of the presale, where the token’s value surged from $0.05 to $0.11. Other altcoins popular among crypto adherents are IMPT and Lucky Block.
Understanding Oryen Network
Oryen is a decentralized finance (DeFi) protocol that features the ORY token – a digital currency intended to serve as a reserve currency. Oryen users can auto-stake ORY and earn a 90% fixed APY.
To sustain this yield for Oryen users, the network deploys a first-of-its-kind auto-compounding mechanism built into its staking protocol. This feature also enables Oryen to make steady interest payouts every hour.
Crypto investors prefer predetermined APY over floating rates, given the volatility of markets. So, these guaranteed rates offer a better ROI for ORY holders.
Oryen purposely built the network to be governed by its community without censorship. The protocol has integrated an anti-whale tax model that disincentivizes holding an outright majority of ORY. This way, other ORY holders can proportionally contribute to proposing and voting on key governance decisions.
What is IMPT?
IMPT is a blockchain platform that promotes impactful practices by connecting users to organizations that conduct socially responsible activities, especially in limiting their carbon footprint. Members of IMPT, like businesses, can securely trade carbon credits to help offset the carbon emissions resulting from their operations.
Moreover, IMPT lists multiple projects specialized in climate action and allows firms to fund their initiatives through carbon credits. Businesses that buy, sell, or retire their carbon credits via IMPT are also eligible for rewards.
Also, by leveraging blockchain technology, the firms can transparently track how the carbon credits are utilized to resolve environmental problems efficiently—the same-named utility token IMPT powers all operations on this platform.
What is Lucky Block?
Lucky Block is a platform that runs NFT competitions. Participants stand chances to win multiple prizes for holding Lucky Blocks NFTs. Winners receive rewards in the form of Lucky Block’s native token called LBLOCK.
On Lucky Block, the longer a user holds its NFTs, the higher the rewards they receive. This unique model aims to popularize Lucky Block NFTs and grow the platform’s community. LBLOCK is an ERC-20 token.
Final Takeaway
Oryen, IMPT, and Lucky Block are budding ICOs offering holders rewards. Each of these projects has been listed among the best altcoins in 2022. Astonishingly, Oryen already surged over 2X in the first and second presale sessions and is expected to top $0.125 at the end of the fifth phase.
The project’s solid backing from its community will propel the token to more success soon.
Learn More Here
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece.
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