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Oryen Network's simplified staking process has made it hugely popular with communities involved in Safemoon and Cosmos, resulting in its price surging by 200%. Currently, the project is hosting an ICO sale, and the project's team is excited to show off its simple-to-use OAT system that generates rewards directly through users' wallets.
Oryen's contribution to DeFi is a novel method of staking that is both efficient and user-friendly. They present Oryen AutoStaking Technic, often known as OAT, which functions through security-audited smart contracts and provides hourly rebasing payouts.
Token holders on the Oryen Network may participate in automated staking to earn incentives (additional $ORY tokens) simply by maintaining their tokens in a wallet. Therefore, you contribute liquidity to the network and receive rewards in return.
One of the key differences between the OAT system and traditional staking is that no action is required to obtain rewards. Furthermore, while some top crypto exchanges, like Coinbase, will pay you 1 to 2% APY for staking DAI or Tezos, Oryen's APY rate is 90%, fixed.
Taxes are the lifeblood of Oryen's high rewards system. These taxes promote holding inside the protocol to generate yield rather than exchanging the token for value.
The Oryen tax system was created to address two of the most prevalent issues with token launches: whale wallets selling off their holdings, causing a steep price drop, and bot accounts, which prohibit actual users from acquiring tokens.
Thus, the group decides to impose a higher sale tax of 12% and a lower buy tax of 8%. These transaction fees fund liquidity pools, theRead more on cryptonews.com