The Orbeon Protocol functions as a cryptocurrency crowdfunding platform, opening up access to investment opportunities that were once exclusive to major institutions and high-net-worth individuals.
Just like crypto launchpads, Orbeon Protocol allows individuals to invest in early-stage startups and represent their chosen equity as NFTs, meticulously crafted non-fungible tokens that were designed to enhance investor security. They feature smart contracts that automatically refund buyers in the event a project falls short of its funding objectives, protecting the community from poorly-funded initiatives.
Holders of the project’s native token, $ORBN, are given access to a variety of perks, including cashback rewards, reduced platform fees, entry into private investor groups, DAO governance rights, and staking opportunities.
However, there have been concerning issues that cast a shadow over the Orbeon Protocol’s reputation. The integrity of its smart contracts has come under scrutiny. While the Orbeon Protocol team claims to have undergone KYC verification by Coinsult and audits by Solid Proof, the legitimacy of these audit firms has come into question, raising a red flag.
Additional concerns include price fluctuations of ORBN, unmet roadmap goals, a lack of active social media activity, and links to previous scams like The Hideaways and Flasko. The team’s apparent lack of responsiveness to these issues further compounds the raised skepticism among potential investors.
In light of these challenges and CoinLaunch thorough analysis, it is clear that the Orbeon Protocol may be viewed as a project with a potentially scam nature, one that seems designed to fail investors while striving to maintain a legitimate look.
