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Orange Web3 ($ORNG)

Active
Total Raise: $10,038,000
Date: 17 Jun 2024 - TBA

Orange web3 is a L1 blockchain built on the Avalanche subnet, focusing on providing UGC tools for content creators in the AI, gaming, and metaverse industries. It's powered by the governance token $ORNG, which is used for staking and DAO voting, and $JUICE, designed specifically for paying fees on the platform.

Beginning from June 17th, 2024, the company is planning to conduct several node sales, putting on sale over 12% of the total $ORNG supply. 

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Orange Web3 Overview

Ticker: $ORNG
Country: British Virgin Islands
Founded: 2024
Whitelist: Yes
Blockchain Network: Avalanche
KYC: No
Bounty: Yes
MVP: Yes
Type: ICO
Security Audit: Yes

Orange Web3 Review

The user-generated content (UGC) production, popularity, and demand have grown significantly during the last few years, becoming a billion-dollar industry.

The bright examples in the modern gaming UGC industry are mostly centralized platforms and big corporations such as Fortnite or Roblox. However, most of the centralized UGC platforms keep a significant portion of the profits for themselves, causing many creators to leave the field due to low profitability.

🤔 What is Orange Web3?

Orange Web3 is an open-source protocol and layer 1 network designed to solve the UGC centralization issue. It offers users various tools for producing UGC, focused on AI, gaming, and the metaverse. Built on the Avalanche subnet, Orange allows creators to remain in full control of their digital assets and actively participate in determining the direction of development of the platform. 

🪙 Orange Web3 token: Orange Web3 implements a dual token model,  allowing creators to have a meaningful voice in platform development through governance $ORANGE token, while offering cheap gas fees through the token $JUICE, designed specifically for handling fees within the network.

According to the info given to CoinLaunch, the Orange platform will conduct a public node sale, allocating over 12% of the $ORANGE for node key owners and an additional 20% for node runners and staking, while aiming to raise over $10M. 

Considering this upcoming event, the CoinLaunch team conducted comprehensive research on the Orange Web3 project and found some major pros and cons of the sale:

 

✅ Orange Web3 pros:

  • Although the current market trend doesn’t align with Orange’s vision towards gaming and metaverse, it might become a crucial component of the market when the community starts looking in the direction of GameFi;
  • Low annual token inflation rate (around 10%);
  • The platform reached over 100,000 users within the first month of launch;
  • The protocol has been hosting security assessments from the top-tier security auditor - OpenZeppelin;
  • Above the average SEO and SMM performance;
  • High Growth marketing score. 

❌ Orange Web3 cons:

  • Below the average PR performance;
  • The product is in an early stage of development. However, this might also be considered as an opportunity as well;
  • Weak Influencer marketing and Marketing Infrastructure;
  • No funds have been invested into the project yet;
  • Anonymous team.

Orange Web3 Token Economy

Total Raise: $10,038,000
Total Supply: 1,000,000,000
Private/Pre-sale: (0%)
Public Sale: 120,000,000 (12%)
Fully Diluted Valuation (FDV): $157,500,000
Initial Circulation Supply: $21,420,000 (13.6% of FDV)

Orange Web3 Token Sale (ICO & IDO) Rounds

Private: 17 Jun - TBA Active

Price: $0.046
Tokens for sale: 18,000,000
Raise: $854,010
Lock-Up: The Founder Keys are a collection of 20,000 token-backed ...
Community: 17 Jun - TBA Active

Price: $0.046
Tokens for sale: 102,000,000
Raise: $9,300,000
Lock-Up: The Founder Keys are a collection of 20,000 token-backed ...

Orange Web3 Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  18 Jun 2024 Upgrade

Orange Web3 News

Orange Web3 Roadmap

May 2024
  • Test Net Launched
June 2024
  • Seed Round;
  • Node Sale;
  • Tier One Exchange Listing.
July 2024
  • 26k Wallets Migrated to Orange Web3;
  • KOL Round;
  • KOL & Marketing commences.
Q4 2024
  • Validator Onboarding

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