BNB and BUSD sway holders with proof of reserves – Oryen Network sees 3X during the ongoing presale

Can Oryen sustain its recent surge during the presale?

Cryptocurrency can be very beneficial for holders as it can potentially give them high yields due to its volatility and decentralized nature. In addition, this asset can be easily and quickly traded, and its transactions are secure, making it an excellent tool for hedging against market volatility.

One such cryptocurrency, ORY, has seen a remarkable profit surge during the ongoing presale. With the increased demand for their network, their yields have tripled in the last few months. This is a great sign for the project, as it shows that the market is eager for its future.

Oryen – The Best Auto-Staking Platform

Oryen’s Autostaking Technic (OAT) allows token holders to stake their crypto assets efficiently and earn rewards. This feature doesn’t require users to manage their portfolios manually and ensures that rewards are distributed every 60 minutes with a return of 0.177% daily. In addition, OAT works as a buy-and-hold strategy, allowing users to earn more rewards the longer they hold their tokens.

The price of the ORY token was $0.05 in phase 1 of its presale, and it is currently at $0.175 in phase six, skyrocketing by 300% in a very short period of time. Moving forward, the platform is looking to incorporate a lottery system, a DEX, and an in-house NFT market. 

Oryen has a very bright future ahead of it, as it is a unique project trying to solve a real problem in the crypto industry. Business2Community has named the protocol as one of the best DeFi platforms of the year, and seasoned crypto investors like Jim Crypto and Steven Clarke have a shared enthusiasm for this project. Interested investors can join the Oryen Network in its presale, which is following the schedule below:

Presale Session Date ORY Price Purchase Bonus
Presale 2 02 Nov — 09 Nov $0.1 10%
Presale 3 09 Nov — 16 Nov $0.11 9%
Presale 4 16 Nov — 23 Nov $0.12 8%
Presale 5 23 Nov — 02 Dec $0.15 7%
Presale 6 02 Nov — 09 Dec $0.175 5%
Presale 7 09 Nov — 16 Dec $0.21 5%
Presale 8 16 Nov — 23 Dec $0.25 5%
Presale 9 23 Nov — 27 Dec $0.3 0%

Understanding BNB

Binance is a China-based crypto exchange founded in 2017 and is currently ranked among one of the largest crypto exchanges by trading volume. The platform has a vast ecosystem, with features such as Binance Chain, Binance Academy, and much more. However, BNB fell by over 20% after Binance pulled out of a reported deal to buy FTX, another crypto exchange.

After the bankruptcy of FTX, concerns were raised over Binance’s holdings and the condition of its assets in its balance sheet. The platform responded to those concerns and issued a statement on its website stating the number of reserves held by the exchange. According to various reports, of the $74.6 billion referred to as the total net worth of the company, around $23 billion was reserved in the BUSD stablecoin and another $6.4 billion in its BNB. Binance pledges to be transparent about its reserves to convince consumers and investors that the exchange is solvent and stable.

Final Thoughts

Cryptocurrency acquisitions carry certain risks but can also be incredibly rewarding. Oryen Network has demonstrated that the potential for elevated returns is very real. Moreover, as the crypto sector continues to grow, platforms like Oryen Network offer a unique opportunity to diversify portfolios and gain exposure to a wide range of digital assets.

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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; nor can this article be regarded as investment advice.

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