Written by CryptoOrders on August 25, 2018.
Check on CryptoOrders the original article
Oryx is a new decentralized investment platform which goal is to create a comprehensive financial ecosystem that will help startups.
The ecosystem consists of Nihilo blockchain, OryxCash, OryxCoin, and OryxPay. The idea is to give startups easy access to a lineup of useful blockchain technologies, such as NIHILO, smart contracts, and token creation, so they can more readily compete with established businesses.
The project will also provide a social service by creating new jobs.
The Problem
What we like about the Oryx platform is that is lowers many of the barriers that keeps innovative entrepreneurs from investing in startups. One of the biggest obstacles is high investment limits.
Investing in a VC fund, for instance, often requires $1 million just to get your foot in the door. This has made it near impossible for people who don’t already have a stockpile of assets to invest in blockchain projects.
In addition, investing requires capital that is usually held long-term.
And while some companies do give savings to investors, they usually reserve these deals for investors that have big bank accounts. Another problem is that most startups require highly specialized knowledge, and most individual investors lack the expertise or the tools to analyze and profit off the VC space. A final issue is that valuations are often subjective, and amateur investors often struggle to wrap their head around the frequent inflation.
Solutions
Oryx sets the investment minimum at $1,000 USD, which makes investing in startups a lot more feasible for the average person from a financial standpoint. In addiction, the use of artificial intelligence ensures that every investors will have access to analytical tools that are easy to use, while also making sure valuations stay objective. The AI technology that is used does not inflate or lie about the valuations.
One of our favorite things about the Oryx platform is that investors can see how the startups use their funds. Thanks to periodic reporting, they will know exactly where the money goes, even when investing in a startup halfway across the world.
OryxCash
Essentially, Oryx Cash is a fundraising platform for startups.
The platform revolutionizes the standard venture capital model by making it easier for investors to back projects, which in turn opens up a giant pool of potential capital for nascent companies.
Ultimately, it is about increasing access. The goal of OryxCash is to increase cooperation between startups and investors and promote growth. I like that they want to create long-term partnerships where everyone benefits. It’s not all one-sided.
OryxCash holders will receive OryxCoin dividends based on the valuation and success of he startup.
How it works?
With a subscription of $15 (the minimum), users will have access to OryxCash, as gain the ability to invest in the startups they believe have the most potential.
Basically, Oryx Coin is a non-monetary store of value that allows users to transfer value without having to go through a third party.
OryxCoin is generated through mining via proof of stake. Essentially, this means every coin holder can stake or operate masternodes to mine new coins. This adds to the community feel of the platform.
There are a couple different ways you can earn money with OryxCoin. In addition to the money users can earn from investments, users can also earn money by participate in Oryx’s utility platforms. You also have the option of spending OryxCoin in the utility platforms. Nihilo, for instance, has a peer e-commerce marketplace. The bartero platform lets users monetize their social media accounts. There is also a raffle platform.
Transactions on the Oryx network are processes in real time, are secure, anonymous, and happen 24 hours a day, every day of the year. Transactions are near instantaneous, so users don’t have to worry about long waits. The whole network is efficient with an easy to use interface.
Rewards
Another great future of the the platform is that users can acquire a ORYX masternode or stake their coins within the OryxCoin wallet. When users do this, they receive weekly awards. This gives investors the opportunity to make money without doing anything. I love any and all opportunities for passive income. There is a 60% block reward for masternodes that host a blockchain.
ICO Information
The ICO launched on August 20, 2018 and is currently available to investors.
OryxCash has a total supply of 250,000,000. 2% will go to marketing and bounty, 3% will go to management and staff, 1% will go to the board of advisers, and 6% will go to the ICO. The funds will be used for management fees, marketing fees, legal fees, charity, and development and improvement of the blockchain. The rest will be available for investments.
Contributions will be accepted in Bitcoin, Ethereum, or ORYXCOIN.
If you are interested in investing in the ICO, there are advantages to getting in on the action early. There will be bonuses available during the ICO that will be based on the size of participation and the time frame of participation. The minimum investment stake is 15 USD. Currently, there is no maximum but that could change.
The Oryx platform is one of the most exciting ICOs to come out of 2018.
There are so many investors and entrepreneur who want to contribute to startups who don’t because they can’t afford to, Oryx not only has the potential to greatly benefit these investors, but to also benefit the startups looking to raise funds.
All information found here, including any ideas, opinions, views, predictions, commentaries, suggestions are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. Conduct your own due diligence, or consult a licensed financial advisor before making any and all investment decisions.
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