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Information

Data from
Issue Time
2020/01/06
Initial Price
US $ 0.06270648
Circulation/Max
559.25M/1,000.00M
Dominance
0.00%
ROI -28.72%
$0.06270648$3.38825924
Low · 2023/06/102023/06/10 · High

Information

What Is Origin Protocol (OGN)?

Origin Protocol develops web3 technologies with the intention of bringing non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses. The protocols unique tooling and diverse partnerships help in realizing these goals. Origin Protocol has two flagship products: Origin Story (governed by OGN), and Origin Dollar (governed by OGV).

Origin Story is a white label NFT marketplace solution that works with disrupters in various sectors by leveraging non-fungible tokens. The platform hosts NFT marketplaces and tooling in various industries, including the real estate, profile picture, music, art and entertainment industries.

Some of Origin Storys partners include Roofstock onChain, Pudgy Penguins, Sappy Seals, Paris Hilton, 3LAU, BT, Inspiration4, and The Doge Pound. Origin Story Marketplaces seek to cast a wide net in various industries being impacted by NFTs, rather than focusing on any one area in particular. Investors may see OGN as the picks and shovels approach to investing in NFTs.

Who Are the Founders of Origin Protocol?

Origin Protocol was launched by Josh Fraser and Matthew Liu. Since his childhood, Mr. Fraser has been coding and has been involved in the crypto industry since as early as 2011. He is the founder of the web optimization company Torbit, later acquired by Walmart Labs. Mr. Liu is a Stanford engineering alumnus that has been involved in crypto since 2014 and participated in the Ethereum crowd-sale in 2014. The protocols founding engineer is Yu Pan, a former co-founder of Paypal and ex-Google executive.

Origins lead investor is Pantera Capital, and other investors include Foundation Capital, Blocktower, Steve Chen (founder of YouTube), Alexis Ohanian (co-founder of Reddit), and Garry Tan (partner at Y Combinator).

What Makes Origin Protocol Unique?

Origin Protocol aims to unlock value in crypto-centric opportunities across several verticals.

Origin Story marketplaces grant creators and collectors more control over their content and digital products. Each white label marketplace offers an integrated data analytics dashboard, aggregated marketplace listings, streamlined buying experiences, and custom aesthetics aligned with the clients brand.

Furthermore, Origin Storys NFT tooling offers ways for brands to utilize non-fungible tokens in unique ways. The protocol supports token-gated access, soulbound tokens, various file formats, NFT auctions, and more for creators to make the most out of their non-fungible tokens. In order to reach a larger user base, Story marketplaces support Polygon, and Origin is actively evaluating other scaling solutions.

Another key part of Origin Protocol is its stablecoin Origin Dollar (OUSD). This fully collateralized stablecoin does not require staking or lock-up periods and automatically accrues yield to user wallets. Yield is earned through blue-chip DeFi protocols such as Curve, Convex, Compound, and Aave, yet it earns higher APYs due to its unique rebasing mechanic. Only user wallets accrue yield, so funds held in smart contracts act as a multiplier on users yield.

Origin Dollar Governance (OGV) was airdropped to OGN holders in the Summer of 2022. OGV is the governance token for Origin Dollar, and its used to vote on collateral allocations across DeFi pools and accrues value through the stablecoin protocols revenue.

Related Pages:

Check out Curve DAO (CRV)

Check out Chainlink (LINK) — an oracle for blockchains.

Read our Intro to Bitcoin.

Get the latest crypto news and latest trading insights with the BYDFi blog.

How Many Origin Protocol (OGN) Coins Are There in Circulation?

The Origin Token (OGN) is the governance and value accrual token for the entire Origin Platform. Token holders can vote on the following proposals:

  • Adding/removing new types of yield-earning strategies.
  • Allocating capital across a basket of strategies.
  • Determining what fees are charged by the protocol.
  • Determining what incentives are offered on an ongoing basis.

10% of the yields generated by OUSD are collected as a fee and used to buy back OGN. OGN holders benefit from OUSD supply expansion, because with a higher supply of OUSD, generated fees that flow to OGN holders increase as well. The total supply of OGN is 1 billion according to the following distribution:

  • Advisor Sale: 4.38% at $0.0685
  • Strategic Sale: 23.75% at $0.12
  • CoinList Sale: 4.84% at $0.1364
  • Team tokens: 20.24%
  • Advisor Grants: 1.69%
  • Foundation Reserves: 31.37%
  • Ecosystem Growth Funds: 12.99%
  • Long-term Partnerships: 0.73%

How Is the Origin Protocol Network Secured?

OGN is an ERC-20 token on Ethereum.

The Origin Protocol is on a path of continuous decentralization and is currently in the second of four phases of decentralization. Origin Protocol stresses that decentralization is only related to the protocol and does not extend to centralized applications like peer-to-peer payments or debit cards built on OUSD.

Where Can You Buy Origin Protocol (OGN)?

OGN is available on Binance, Hotcoin Global, Bitget, Mandala Exchange, and BingX.

Answers

What Is Origin Protocol (OGN)?

Origin Protocol is a developer of web3 technologies that aims to bring non-fungible tokens (NFTs) and decentralized finance (DeFi) to a wider audience. The protocol offers Origin Story, a white label NFT marketplace solution that enables disrupters in various industries to leverage NFTs. Origin Story hosts NFT marketplaces and tooling in sectors such as real estate, profile pictures, music, art, and entertainment. Notable partners of Origin Story include Roofstock onChain, Pudgy Penguins, Sappy Seals, Paris Hilton, 3LAU, BT, Inspiration4, and The Doge Pound. Origin Protocol also offers Origin Dollar, a stablecoin governed by OGV, which provides users with a fully collateralized stablecoin that accrues yield automatically. The protocol's unique features and partnerships make it a versatile platform for NFTs and DeFi.

Who Are the Founders of Origin Protocol?

Origin Protocol was launched by Josh Fraser and Matthew Liu. Josh Fraser, with a background in coding since childhood, has been involved in the crypto industry since 2011. He founded the web optimization company Torbit, which was later acquired by Walmart Labs. Matthew Liu, an alumnus of Stanford engineering, has been involved in crypto since 2014 and participated in the Ethereum crowd-sale in the same year. Yu Pan, a former co-founder of Paypal and ex-Google executive, serves as the protocol's founding engineer. Origin Protocol's lead investor is Pantera Capital, with other notable investors including Foundation Capital, Blocktower, Steve Chen (founder of YouTube), Alexis Ohanian (co-founder of Reddit), and Garry Tan (partner at Y Combinator).

What Makes Origin Protocol Unique?

Origin Protocol stands out by aiming to unlock value in crypto-centric opportunities across various verticals. Origin Story marketplaces provide creators and collectors with more control over their content and digital products. Each white label marketplace offers an integrated data analytics dashboard, aggregated marketplace listings, streamlined buying experiences, and customizable aesthetics aligned with the client's brand. Origin Story's NFT tooling enables brands to utilize non-fungible tokens in unique ways, supporting token-gated access, soulbound tokens, various file formats, NFT auctions, and more. The protocol also supports Polygon and is actively exploring other scaling solutions to reach a larger user base. Origin Protocol's stablecoin, Origin Dollar (OUSD), is a fully collateralized stablecoin that accrues yield to user wallets through blue-chip DeFi protocols. Only user wallets accrue yield, while funds held in smart contracts act as a multiplier on users' yield. Origin Dollar Governance (OGV) is the governance token for Origin Dollar, used to vote on collateral allocations across DeFi pools and accrue value through the stablecoin protocol's revenue.

How Many Origin Protocol (OGN) Coins Are There in Circulation?

Origin Token (OGN) is the governance and value accrual token for the entire Origin Platform. OGN holders have the power to vote on proposals such as adding/removing new types of yield-earning strategies, allocating capital across strategies, determining protocol fees, and deciding ongoing incentives. 10% of the yields generated by OUSD are collected as a fee and used to buy back OGN, benefiting OGN holders as OUSD supply expands. The total supply of OGN is 1 billion, with distribution including advisor sale (4.38%), strategic sale (23.75%), CoinList sale (4.84%), team tokens (20.24%), advisor grants (1.69%), foundation reserves (31.37%), ecosystem growth funds (12.99%), and long-term partnerships (0.73%).

How Is the Origin Protocol Network Secured?

OGN is an ERC-20 token on the Ethereum blockchain. Origin Protocol is in the second phase of its four-phase decentralization process. While the protocol aims for decentralization, it's important to note that centralized applications built on OUSD, such as peer-to-peer payments or debit cards, are not decentralized.

Where Can You Buy Origin Protocol (OGN)?

OGN is available for trading on Binance, Hotcoin Global, Bitget, Mandala Exchange, and BingX.