Oryx is a new platform that seeks to make a safe, transparent, and comprehensive financial ecosystem for startups. The platforms give users convenient access to an array of advanced blockchain technology, including Nihilo, smart contracts, and token creation tools.
Currently, the platform includes OryxCash, OryxCoin, and OryxPay. The end goal of the Oryx platform is to make it easier for a startup to succeed.
Problems that Startups and Investors Face
ICOs have exploded in popularity in recent years. Many of these ICOs are startup tech companies. For startups, having to compete with already established businesses is a challenge. Moreover, there are many different barriers that prevent young entrepreneurs from investing in startups. The Oryx platform aims to get rid of some of these barriers. The most impactful barrier is high investment limits. A lot of venture capital funds require a minimum of $1 Million, which is more than the average person can comfortably invest. If you don’t have deep pockets, investing in blockchain projects might not even be a possibility for you.
Another problem is that most blockchain projects require specialized knowledge that the average person has. This makes it hard for amateur entrepreneurs to profit off the venture capital space. Unless a person has significant blockchain experience, they need additional tools to help them analyze the pros and cons of a given project and determine the potential for profit. But such analytical tools are hard to find.
The Oryx Solution
Oryx set the investment minimum at $1,000 USD. Obviously, this is a lot lower than the $1 million dollar minimum many blockchain projects require. This is extremely beneficial to startups because it makes it easier for them to fund their projects. There are a lot more people out there who have the resources to invest a grand than there are people who have the resources to invest $1,000,000. The platform also uses artificial intelligence to give its users access to analytical tools. The AI technology is also used to ensure that the valuation stays objective. Both of these will help beginners make better and more accurate investment decisions.
The Oryx platform also boasts a high degree of transparency. Users will receive periodic reports detailing where and how their funds were used. Users can see how startups use their funds, even if the startup is located in an entirely different continent.
Details about the ICO
The Oryx ICO was launched on August 20, 2018. Thus, it currently open for interested parties to start backing the project. The total supply of OryxCash is 250,000,000.OryxCash is an ICO running for the next 20 years and the current round has 15 million coins for sale. The ICO takes contributions in the form of Bitcoin, Ethereum, and ORYXCOIN. The minimum investment stake is 15 USD. Currently, there is no maximum but that could change.
Those who want to back the project would benefit from taking action as early as possible. There will be bonuses attached to the ICO. The amount of the participant’s bonus will be determined by the size of participation and by the time frame of participation
The funds are going to go towards the development and improvement of the blockchain, charity, marketing, legal fees, and management fees
OryxCash and the OryxCoin.
OryxCash is a fundraising platform for startups. The OryxCash model makes it significantly easier for investors to back blockchain projects compared to the standard venture capital model. Thanks to OryxCash, startups will be able to access a much larger and much more diverse pool of potential funds.
OryxCash holders will receive OryxCoin dividends that are determined valuation and results of the startup. OryxCoin is generated through mining via proof of stake—every coin holder can stake or operate masternodes to mine new coins.
How Does It Work?
Users subscribe to the platform and then gain access to OryxCash. The minimum subscription is $15. Once the user has access to OryxCash, they have the ability to back startups of their choice. The OryxCoin is a store of value, which users can use to transfer value without having to go through a bank or other third party.
Users can earn money with OryxCoin in several different ways. One way is to invest in startups. Users can also earn money by taking part in Oryx’s utility platform. Users can spend coins in the utility platforms as well. One of these platforms is the Nihilo marketplace. Another is the bartero platform, which lets users monetize their social media accounts.
Transactions on the network are processed in real-time, day and night, every day of the year. With some blockchain networks, users have to wait days for transactions to go through. On the Oryx network, transactions are processed almost instantaneously.
Rewards
One aspect of the Oryx platform potential users can look forward to is their reward system. If users acquire an ORYX masternode or stake their tokens within the OryxCoin wallet, they will receive weekly awards. Essentially, this is like a passive income. The block reward for masternodes that host a blockchain is 60%.
Conclusion
The Oryx platform is a game changer for both startups and entrepreneurs alike. With so many blockchain projects just targeting investors with fat pockets, OryxCash will give small-time investors a lot more options when it comes to what blockchain projects they can back. Startups will, in turn, have access to a much wider pool of investors. Thus, the platform is mutually beneficial to startups and investors.
The Oryx platform should encourage greater cooperation between investors and startups and encourage growth within the blockchain industry. By making it easier for startups to launch their projects, the platform will also encourage job growth within the technology and blockchain industries. This project has the potential to improve the landscape of the industry by increasing access and by making it easier for people interested in joining the blockchain community to navigate the waters.