It’s no surprise that crypto is popular in the sports sector, as teams often have loyal fan bases that will back products issued by the clubs.
Some experts expected the World Cup games to fuel demand for sport-based cryptocurrencies. However, the bearish markets have diluted the performance of these tokens. On the contrary, some new altcoins are putting up remarkable performances.
One of the best, if not the best, crypto performances is by ORY, a token native to Oryen Network. Traders looking to buy sports tokens like Chiliz (CHZ) are turning their focus also to ORY. Will CHZ perform any better, or is ORY carrying the momentum through the World Cup season?
Oryen Network is a decentralized platform that simplifies staking through automated tools. Users can earn high yields without locking up their funds, thanks to Oryen’s unique utilities.
The staking platform rewards users for holding their tokens by imposing a buy-and-sell tax model. In this tax mechanism, sellers incur a 12% fee, distributed proportionately to the ORY liquidity pool, treasury development, and the unique Risk-free Value (RFV) wallet.
Besides simplifying staking, Oryen Autostaking Technic (OAT) sustains the platform’s high-yield APY. Built from scratch on the Binance Smart Chain (BSC), Oryen maintains a pioneering rebase formula to stabilize the token’s price and keep rewards flowing. Interestingly, all dividends are guaranteed at a 90% annual percentage yield (APY).
Moreover, Oryen also imposes an anti-whale tax to prevent malicious users from sabotaging the project. The feature also ensures Oryen remains community-governed, with no central majority.
Oryen first released ORY to investors in late September at $0.05 and a 15% bonus. The token’s price rose steadily to $0.10 by the time Oryen started its Phase two presale. Consequently, the earliest investors gained 2X their assets in that period.
The ongoing ICO phase will have the token jump a further 50% to reach $0.125 in four weeks. Here’s a table to sum up the performance:
With this ICO, ORY offers unmatched and guaranteed gains that traders can’t afford to overlook.
Chiliz is a top blockchain financial services provider for the sports and entertainment industry. The platform’s native currency, CHZ, allows users to participate in various activities by their favorite sports teams.
Fans can spend their tokens to purchase fan tokens issued by teams they support through the Socios.com platform. This platform allows teams to decentralize their governance and empower fans to have their say in running club operations.
The World Cup tournament has yet to drive demand for fan tokens and CHZ.
Oryen’s exceptional performance draws fans’ interest further toward the auto-staking platform. With the world cup just a few weeks away, it remains to be seen what impact it has on CHZ. However, ORY is on a solid path to delivering one of the best-performing projects to decentralized finance this year.
Join Presale: https://presale.oryennetwork.io/register
Ruby is a content editor and writer who has been creating content in the finance space for 4 years. Ruby attended the University of Winchester where she received an upper second-class honors degree.
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