Quick Summary
- Origin Protocol powers the Origin platform which aims to power decentralized and peer-to-peer marketplaces. Origin Protocol wants to connect buyers and sellers, and remove middlemen.
There are many cryptocurrencies in the world right now. More than many. However, some companies come with solutions through a protocol with several advantages. Origin Protocol is not just another cryptocurrency. It’s combining NFT and DeFi tools and brings fair solutions to the masses. Let’s get more specific in the article.
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Origin Protocol
Origin Protocol (OGN) is bringing NFTs and DeFi to the masses. Origin is a token hosted on the Ethereum blockchain that powers the Origin platform, which aims to power decentralized and peer-to-peer marketplaces. OGN can be used for staking, governance, and advertising on the Origin platform. The platform aims to create an extensive online marketplace leveraging the Ethereum (ETH) blockchain and Interplanetary File System (IPFS) in order to eliminate the need for middlemen.
The protocol allows for the creation of a decentralized setting where both buyers and sellers can connect, check for available listings, write reviews, and perform many other actions. With this, fractional usage of assets can be traded more easily. Origin Protocol addresses the fundamental issues of extant online markets, such as unfair transaction fees, lack of transparency, less drive for innovation and centralization issues. The protocol creates a decentralized and incentivized environment for buyers and sellers to facilitate business.
Origin was founded in 2017 by successful Silicon Valley entrepreneurs and has a team of experienced engineers from iconic tech companies like YouTube, Google, PayPal, and DropBox. There are some well-known names included in the project, such as Josh Fraser, Matthew Liu, Yu Pan, Frank Chastagnol, Paris Hilton and more.
Origin has hosted record-breaking NFT sales for top musicians, celebrities and creators. With Origin Protocol, you control the experience and host your own NFT sale on your domain. Origin helps you run a more profitable sale with time-limited open-editions or a unique leaderboard auction.
More Token Information (OGN & OUSD)
Origin Protocol is a utility token but this project also has a stable coin called Origin Dollar (OUSD). It earns yield and currently offers a high APY of 29.86%. Origin Protocol runs on its native OGN tokens, which are used in incentive systems, staking, governance and payments. The total supply of OGN is 1,000,000,000 tokens, of which 20.24% has been allocated to the team. This token is considered undervalued as it’s currently priced at $0.65 but the top is $3.1. The market cap is currently only around $255,000,000 and there’s a vivid trading volume.
Conclusion
Origin Protocol is bringing some efficient innovations in the crypto-NFT world that are needed. As this project has been founded by very experienced people in this field, it has a high chance of succeeding in the future. The small market cap only makes it more attractive to crypto investors and it’s just a matter of time before this project tests its previous highs again.
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sources: coinmarketcap, originprotocol, morioh
author: Rene Remsik
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
