Types of Cryptocurrency

The Origin of Origin Protocol (OGN)

The Origin of Origin Protocol (OGN)

The Origin story begins with a white paper released in October 2017. It was launched by Josh Fraser and Matthew Liu, who were early employees at the popular ridesharing company Lyft. It is powered by the Ethereum blockchain and utilizes smart contracts to ensure trustless transactions.

Origin (OGN) Protocol 

Origin Protocol is a Web 3 protocol to bring NFT tokens to the masses. When Origin started designing consumer-friendly blockchain applications for years, they realized that decentralized trading would satisfy needs users couldn’t satisfy through a centralized alternative. This can be achieved using n-fi technology for digital collectors and financial applications. Origin Protocol attempts to create decentralized applications that compete with their centralized counterparts.

The Origin Protocol is a decentralized platform that enables peer-to-peer commerce. The Origin team believes that by decentralizing commerce, they can empower people worldwide to participate in the global economy. The Origin Protocol is built on the Ethereum blockchain and utilizes the ERC20 Origin Token (OGN).

The Origin Protocol is designed to give power back to the people by eliminating middlemen and allowing for direct peer-to-peer transactions.

The highly anticipated launch of Origin Protocol’s mainnet was in Q1 2019. Several well-known investors, including back Origin

  • Pantera Capital
  • Boost VC
  • Blockchain Capital
  • a16z crypto
  • CoinFund

Origin Protocol has the potential to disrupt several industries, including:

  • Sharing economy (e.g., Airbnb, Uber )
  • eCommerce (e.g., Amazon)
  • Reviews (e.g., Yelp, TripAdvisor)
  • Ticketing (e.g. Eventbrite, StubHub)

The OGN Token 

The OGN token is the native token of the Origin Protocol. It is an ERC20 token, which runs on the Ethereum blockchain. The Origin Protocol team has created a utility token that will be used to power the Origin Protocol and to encourage good behavior on the Origin Platform. The Origin Token can also be used to purchase goods and services on decentralized marketplaces built on Origin.

Origin Protocol has a total supply of 1,000,000,000 OGN tokens. The OGN token is trading on several exchanges, including Binance and KuCoin. The governance token of OGN, Origin Governance Token (OGT), will be used to decentralize the Origin Protocol. OGT holders can vote on protocol updates, including new features and upgrades. The accrual token of Origin, Origin Staking Token (OST), will be used to stake OGN and earn rewards.

How many OGN coins are circulated?

The Origin Token (OGN) is a Governance token representing value accrued across Origin’s entire ecosystem. Token holders may vote on any proposal: 10% of OUSD’s income will be collected in exchange for a token that will be returned once OGN is used. OGN owners benefit from OUS supply expansion as higher supply increases OUSD-derived revenues. Total OGN supplies are 1 billion. The following distribution is followed:

  • Community: 10%
  • Origin team and early backers: 20% (vesting over four years)
  • Origin Protocol Foundation: 70% (with 6.3% of total supply allocated to foundation endowment)
What is the Origin Protocol Foundation?

The Origin Protocol Foundation is a non-profit foundation that supports the Origin Protocol and its ecosystem. The foundation is based in Singapore and was founded in 2018.

The mission of the Origin Protocol Foundation is to decentralize commerce by building and supporting decentralized marketplaces. The foundation accomplishes this through grants, investments, and partnerships.

The Origin Protocol Foundation has several well-known backers, including:

  • Binance Labs
  • long time Ethereum developer and early Origin advisor Vitalik Buterin
  • Founder of a16z’s crypto fund Katie Haun
  • Multicoin Capital
Use Cases 

The Origin Protocol can be used to buy and sell several different products and services, including physical goods, digital products, services, experiences, and event tickets.

Origin Protocol can be used to create several different decentralized marketplaces, including: 

  • Physical goods (e.g., a decentralized eBay)
  • Digital products (e.g., a decentralized App Store)
  • Services (e.g., a decentralized Fiverr)
  • Experiences (e.g., a decentralized Airbnb)
  • Event tickets (e.g., a decentralized Eventbrite)

Origin Protocol can also be used to create decentralized reviews and rating platforms.

These platforms could be used to rate and review: 

  • Physical goods
  • Digital products
  • Services
  • Experiences
  • Event tickets
There are several potential use cases for Origin Protocol. The Origin team is currently focusing on three specific use cases: 
  • Decentralized Marketplaces: Origin Protocol can be used to build decentralized marketplaces. These marketplaces can be used to buy origin protocol and sell products and services without intermediaries.
  • Origin Decentralized Identity (DID): Origin Protocol is working on Origin Decentralized Identity (DID), allowing users to control their data and reputation.
  • Origin Stablecoin: Origin Protocol is also working on Origin Stablecoin, a decentralized stablecoin pegged to the US dollar.

Origin Protocol can also be used to create decentralized loyalty and rewards programs. For example, a business could create a loyalty program that rewards customers for purchasing on their Origin Protocol-powered marketplace.

The OGN Team 

Josh Fraser and Matthew Liu have started the Origin Protocol. Mr. Fraser began programming as a child and has worked with a cryptocurrency company since 2011. He was the owner of Torbit, which later became acquired by Walmart Labs. Mr. Liu is an engineering alumnus from Stanford University who has worked in crypto since 2014.

Yu Pan, formerly the founder of Paypal, founded this protocol. Origin’s principal investors are Pantera Capital and other investment firms, including foundations, Blocktower, Steve Chen (founding CEO of YouTube), and Garry Tan (partners of Y Combinator).

The Origin team also includes several experienced advisors, including: 

  • Steve Chen, co-founder of YouTube
  • Gil Penchina, an early investor in Ripple
  • Loic Le Meur, founder of LeWeb
  • Joe Lonsdale, co-founder of Palantir
  • Kokou Sow, an early investor in Airbnb
Price of Origin Protocol (OGN)

The live Origin protocol price today is $0.268044USD. The daily trading volume is 55770047 USD. The. The exchange rate for the currency is updated to USD. Earlier today, the Origin Protocol was down 0.013% from the day before.

The coin market cap is currently #85 and has an annual volume of 104153,950 dollars. There are 388.575.723 OGN coins in circulation. Max. Offers 1,000 million OGN coins. What are the most popular cryptocurrency exchanges in the market? Other crypto exchange sites will be available on this website.

Note that the circulating supply can still change depending on the price movement.

How Origin Protocol Works 

Origin Protocol enables developers to build decentralized marketplaces on the Ethereum blockchain.

The Origin team has created several tools to help developers, including:

  • Origin Dashboard: This is a web-based interface that allows developers to manage their Origin dapps.
  • Origin JS: This is a JavaScript library that allows developers to interact with the Origin Protocol.
  • Origin Marketplace: This is a collection of decentralized applications built on the Origin Protocol.
Competition 

Origin Protocol is not the only protocol that is trying to build decentralized marketplaces. Several other protocols, such as 0x, Airswap, and Kyber Network, are also trying to build decentralized exchanges.

Origin Protocol has several advantages over its competitors, including:

  • The Origin Protocol is the only protocol that is focused on marketplaces.
  • Origin Protocol has a team of experienced advisors and investors.
  • Origin Protocol has a strong roadmap and is executing its goals.

The origin protocol aims to build a decentralized protocol that can be used to create several different applications, including decentralized exchanges, marketplaces, and loyalty programs. Origin Protocol has a strong team and is executing on its roadmap. If Origin Protocol can achieve its goals, it has the potential to become one of the leading decentralized protocols in the space.

Market Opportunity 

Origin Protocol is targeting a large market opportunity. The total addressable market for Origin Protocol is the $25 trillion global economy.

Origin Protocol has the potential to disrupt several different markets, including:

  • The $1.2 trillion e-commerce market
  • The $2.2 trillion online advertising market
  • The $24 trillion global economy

If Origin Protocol can achieve its goals, it has the potential to become one of the leading decentralized protocols in the world.

Risks and Challenges

Origin Protocol has several risks and challenges but has several advantages.

Origin Protocol faces several risks and challenges, including:

  • Competition from other protocols
  • The risk that Origin Protocol will not be able to achieve its ambitious goals
  • The risk that Origin Protocol will not be able to gain mass adoption
Token Economics 

Origin Protocol’s token economics are designed to incentivize the Origin ecosystem. Origin Protocol’s token economics are designed to incentivize Origin Protocol usage and adoption.

Origin Protocol’s token economics are as follows:

  • Origin token sale: 40% will be sold
  • Origin Foundation: 30% will be reserved
  • Origin Team: 20% will be allotted for the team
  • Early investors and advisors, and holders: 10% of the total supply of Origin Protocol

The OGN holders will have the following benefits: 

  • Origin Protocol tokens will be required to use Origin Protocol’s decentralized marketplace.
  • Origin Protocol tokens will give holders a say in Origin Protocol’s governance.
  • Origin Protocol is a decentralized protocol designed to build several applications, including decentralized exchanges, marketplaces, and loyalty programs.

Origin Protocol’s token economics are designed to incentivize Origin Protocol usage and adoption. Origin Protocol is a high-risk, high-reward investment.

Origin Protocol Roadmap 

The Origin Protocol team has an ambitious roadmap.

Some of the key milestones on the Origin Protocol roadmap include:

  • Q1 2019: Mainnet launch
  • Q2 2019: Decentralized Origin Identity (DID)
  • Q3 2019: Origin Marketplace
  • Q4 2019: Origin Wallet
  • 2020: Origin Platform

Origin Protocol is one of the most promising decentralized protocols in space. The Origin team has a strong vision for the protocol and is executing on its roadmap. If they can achieve their ambitious goals, Origin Protocol has the potential to become one of the leading decentralized protocols in the world.

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