Binance’s $500M Bitcoin Mining Loan Capital Shows Interesting and Bullish Yield Again for New Crypto Network Oryen

Binance, the world’s largest cryptocurrency exchange by volume, has announced a $500 million fund to provide loans to struggling Bitcoin miners.

Bitcoin miners are struggling, with revenues down around 60% since the start of the year on top of a drastic increase in energy bills. This puts even the biggest miners in a precarious position, where they have to sell previously mined Bitcoin to stay afloat.

This lending program is bullish for crypto, with miners able to use loans to fund their operations instead of selling the Bitcoin they hold, with the intention of paying back once market health improves.

Cryptocurrency companies, which are generally looked down upon by traditional banking firms, are struggling to find places to borrow capital when needed, and so this move by Binance is sure to inject some stability into the market.

Since the news, Bitcoin has found itself afloat, potentially due to the lack of miners currently selling to keep it running. All of this goes to show that yield generation within cryptocurrency is still in high demand by even the biggest whales and institutional investors.

If so, projects currently being launched such as Oryen Network will probably arouse great interest. With a guaranteed 90% APY, investors can ensure that their return remains constant, unlike mining, which does not generate static returns. This means that investors can allocate capital and calculate their returns in advance rather than hoping for profits.

Additionally, the Oryen Autostaking Technic signature means that users get their income simply by holding the tokens in their wallet, rather than placing them in a staking contract or having to spend thousands of dollars on mining equipment and costs. energy. This allows the protocol to be open to investors of all skill levels and backgrounds, increasing the potential user base exponentially compared to other platforms.

Oryen Network, currently in the first phase of presale, is to be launched in December with a wave of new investors. The ICO has already seen a rapid increase in the influx of bullish investors at this early stage when prices are at their lowest, signaling that it may be time to buy.

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