Orion Token ICO (ORN Coin): Crypto MLM Lending & Exchange?
Orion Token is a new cryptocurrency which was created to create a passive income for people. The world has discovered the blockchain technology and turned it into a mainstream asset. Orion Tokens is an altcoin that wants to seize the opportunity of this new market and create something that can bring profits to its users.
The token was created to facilitate the investment for investors because it is a single token that can be used for multiple purposes. The user invests only once when buying the tokens and has different ways to get money later.
Why Should You Use Orion Token?
Unlike Bitcoin, which is the most known cryptocurrency, Orion Token allows you to not only profit from arbitrage, but from lending with interest rates that average 1.5% to 3.5% daily.
Basically, the argument of the company is that if a cryptocurrency has more than one use is better. While that is certainly some information you can disagree with (as most the coins that are not very focused are not very popular), that is the stance of the company on this matter.
How To Use Orion Token’s Features?
The easiest way to make money with Orion Tokens is to exchange it. Trading is, as it is in almost any cryptocurrency, the main way to get money because of the volatility of the cryptocurrency market. By using arbitrage techniques, you can get a good sum of money with this cryptocurrency. The main feature of this company is the lending program.
You can also use the Internal Exchange to trade tokens like ORN tokens to ETH or BTC, This way, you do not even need to leave the platform if you are interested in trading. The company claims that you do not have to worry about security.
The Orion Token Lending Program
The main feature that Orion has is the lending system in which you can lend tokens and earn an interest monthly for this money. The company uses an AI software to invest using this money and is able to get some profit before giving the money back to the investors. Here is how the lending program works:
$100-1,000 USD: daily variation rate for 240 days.
$1,010-5,000 USD: daily variation rate +0.2% for 200 days.
$5,010-10,000 USD: daily variation rate +0.2% for 160 days.
$10,010-25,000 USD: daily variation rate +0.25% for 120 days.
More than $25,000 USD: daily variation rate +0.35% for 90 days.
If you withdraw your money before the time, you will have to pay a fee for the withdrawal.
The Orion Token Sale
The company will be selling its tokens from April 10 onwards during six weeks. The price per token varies weekly, going from $0.5 USD per token in the first week and %0.8 USD per token on the final one.
The company also has a referral program that allows you to earn from investors who buy ORN via the platform and you will receive an amount of tokens based on the sale. The base is 8% the referral's investment.
The Orion Token Conclusion
While this platform has a case when it states that diversification is good, it can also be an issue when the platform is somewhat generic and does not have focus. Unfortunately, we think that Orion Token is the latter. While not necessarily a terrible investment, it is quite clearly not a very remarkable one.