Decentralized Finance (DeFi) platforms have been on the rise lately, attributed to the intense growth rate experienced by blockchain technology. They are self-contained, secured operating platforms that allow users to run decentralized applications.
XRP and Tezos – Tokenomics
XRP is a virtual token developed by Ripple labs, a renowned company in the digital asset space. Ripple labs is a company based in the United States that focuses on developments in the blockchain network. Ripple debuted in 2012 and is responsible for developing the Ripple payment protocol. XRP’s development gave power to decentralized finance technology through a transformation of the world’s financial space. The XRP ledger (XRP’s blockchain) offers a platform where institutions, organizations, and developers worldwide can interact with each other and use the XRP token as a mode of payment.
XRP ledger offers faster and cheaper transactions compared to other blockchains. In addition, the ledger also offers a stable and sustainable ecosystem for users looking to utilize its product and services. Staking XRP on Binance earns consumers 0.60% APY for flexible terms.
Tezos, on the other hand, is a ledger that cuts across various fields on the face of the internet. The ledger is developed to accommodate decentralized activities such as governance to beat the traditional modes of finance. The blockchain allows users to interact with an exchange of value as well as various self-contained applications the industry refers to as DApps.
Tezos utilizes the Proof of Work consensus mechanism, a high-energy-conserving method of validating transactions on the blockchain network. This is contrary to the validation method currently existing on the Bitcoin network, making Tezos ledger a faster and easy-to-use blockchain from a validator’s point of view. Staking Tezos’ native cryptocurrency, XTZ, allows investors to earn passive income on their holdings. Platforms such as Exodus, an online wallet service provider, offer Tezos staking services through a ‘baker.’
Oryen gives better returns
Among all emerging DeFi platforms, Oryen stands out as the best choice investors have. The ongoing bearish market sentiment has sent most projects underground as FTX plummeted to bankruptcy at the beginning of November. However, Oryen has seemingly not been affected as the project offers a 90% Annualized Percentage Yield on investments. Moreover, holding ORY allows investors to earn capital gains when the token’s value is appreciated over time. So far, ORY has surged more than 250% since the ICO’s inception.
Early investors will benefit significantly from the project by riding the trend right from where it begins. Make your move and get your first ORY today.
For More Information:
Join Presale: https://presale.oryennetwork.io/register
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.