#kwalaintel diving deep into the Ouroboros protocol.
Our dashboard shows some interesting data on $ORX.
Price: $0.0009316
Market Cap: $452,332
24h Price Change: +7.41%
$ORX is the value capture token for the Ouroboros Protocol, a suite of products built for the TitanX ecosystem. It captures fees from products like their stablecoin, USDx, and distributes them to stakers. They also have a 100% buy and burn mechanism.
While the price is up today, it's down -34.22% for the week.
Verdict: Neutral/Wait-and-See. The protocol has some interesting tokenomics with the buy and burn. However, the recent price performance makes us want to see how this plays out.
#Ouroboros #ORX #TitanX #DeFi