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About Orion Money
Overview
- Orion Money is a cryptocurrency savings platform in the DeFi ecosystem.
- Established in Q1-Q2 2021, aiming to become a full-fledged cross-chain stablecoin bank and DeFi product hub.
Founders
- Vol Pigrukh, Kos Chernysh, and Sam I Am.
- Vol Pigrukh: serial tech entrepreneur, former developer at Microsoft and Google.
- Kos Chernysh: DevOps engineer, responsible for technology and development at Orion Money.
- Sam I Am: in charge of ecosystem and community development, one of the first investors in Terra.</li
About Orion Money: Empowering the Future of Decentralized Finance
Introducing Orion Money (ORION): A Revolutionary Financial Ecosystem
Orion Money (ORION) is a pioneering cryptocurrency savings platform within the DeFi ecosystem, empowering users to optimize the profitability of their stablecoins. Founded in Q1-Q2 2021, Orion Money aspires to evolve into a comprehensive, cross-chain stablecoin bank and DeFi product hub, facilitating users’ asset growth by providing a seamless, integrated experience for accumulating, lending, and spending stablecoins.
Here’s how it works: by depositing stablecoins, users can earn a fixed income that surpasses what market competitors have to offer. Moreover, ORION, the native Orion Money token, presents users with an opportunity to amplify their stablecoin APY, receive revenue rewards, and contribute to the ecosystem by participating in governance. The Orion Money APYs are made possible by the savings protocol, Anchor, which is built on the Terra blockchain, thereby ensuring low volatility of stablecoin returns.
The Orion Money ecosystem is comprised of three core components: Orion Saver, Orion Yield & Insurance, and Orion Pay, forming a comprehensive trifecta of financial solutions.
The Visionaries Behind Orion Money: Meet the Founders
The Orion Money core team is comprised of three individuals: Vol Pigrukh, Kos Chernysh, and Sam I Am.
Vol Pigrukh and Kos Chernysh, seasoned tech entrepreneurs, are the visionary co-founders of Profitero, a thriving e-commerce analytics startup that has blossomed into a mid-sized company boasting 300 employees, a substantial $20 million in annual revenue, and a prestigious client roster comprising industry giants such as Amazon, Google, Coca-Cola, General Mills, Unilever, and P&G.
Vol Pigrukh, a seasoned developer-turned-entrepreneur, boasts an impressive track record of commercial accomplishments at industry giants Microsoft and Google. His prolific entrepreneurial spirit has given rise to a multitude of startups, with a focus on business development, operations, marketing, and sales.
Kos Chernysh, a seasoned DevOps engineer, oversees technology and development at Orion Money, leveraging his extensive experience in launching startups, product management, software development, and scaling high-performing engineering teams.
Sam I Am, the final member of the core team, oversees ecosystem and community development. Having delved into monetary policy in 2014, he has been an avid cryptocurrency investor ever since. Notably, Sam was one of the pioneering investors in Terra, joining the community in 2019 and earning their endorsement.
Orion Money boasts an esteemed advisory board, comprising esteemed industry luminaries, including Do Kwon, Founder and CEO of TerraForm Labs, Matt Cantieri, General Manager of Anchor, Luke Saunders, Chief Technology Officer of Delphi Labs, and José Maria Macedo, Partner at Delphi Digital. The company’s strategic partnerships include collaborations with Delphi Digital, Terraform Labs, and Anchor Protocol.
Unveiling the Unparalleled Advantages of Orion Money
Orion Money is a pioneering cross-chain stablecoin banking platform, seamlessly integrating USDT, USDC, DAI, BUSD, and UST, while offering the potential to earn up to 20% of stablecoin yields following the token generation event.
One of the project’s notable strengths lies in its impressive roster of solid allies, investors, and partners, with Terra and Anchor Protocol being prominent examples. Furthermore, Orion Money has formed strategic partnerships with Delphi Digital and InsurAce to establish risk funds and provide insurance coverage for user deposits. Additionally, Orion Money has achieved a notable milestone by emerging as the winner of the prestigious DeFi Connected Hackathon.
The services offered by Orion Money converge on three key pillars:
Introducing Orion Saver: A Native Savings Protocol Born to Thrive
Ethereum
facilitates seamless access for users of disparate blockchains to the lucrative opportunities presented by Anchor Protocol stablecoins, eliminating the need for cumbersome swaps or network migrations. Consequently, Orion Saver empowers users to deposit stablecoins from any blockchain, thereby earning a stable yield courtesy of Anchor Protocol.
Orion Yield & Insurance: Unlocking Prosperity with Orion Money
Through strategic partnerships with diverse money markets, Orion Yield & Insurance unlocks high-yield savings opportunities, thereby ensuring a more lucrative savings rate for Orion Saver depositors. As outlined in their project roadmap, this innovative product is slated for release in Q1-Q2, 2022.
Introducing Orion Pay: Slated for Launch in Q2-Q3, 2022. This
Over time, the team will establish a seamless payment system, enabling direct conversions from cryptocurrency to fiat, and integrating the functionality of a crypto-debit card, thereby allowing users to make transactions via stablecoins with high-yield returns.
The Orion Money team is poised to unveil a plethora of innovative features, including Tokenized Derivatives, Orion Loans, and Protocol-specific Optimizers, although no specific launch dates have been disclosed thus far.
Associated Resources:
Discover the innovative world of Terra (LUNA), a pioneering cryptocurrency that’s redefining the boundaries of decentralized finance.
Delve into the transformative journey and remarkable advancements of Terra, expertly curated by Flipside Crypto.
Delve into the world of Orion Money (ORION) with CMC Alexandria, your premier source of comprehensive insights.
The latest intelligence on Ethereum (ETH), providing a comprehensive snapshot of the cryptocurrency’s current state.
A stablecoin is a type of cryptocurrency that is designed to reduce price volatility, thereby providing a more stable store of value. Read our in-depth guide to discover more about these innovative digital assets.
Enhance your cryptocurrency expertise by exploring the comprehensive CMC glossary, your go-to resource for staying up-to-date on the latest industry terminology.
What Is the Total Supply of Orion Money (ORION) Coins in Circulation?
ORION is an ERC-20 governance token minted on the Ethereum blockchain, boasting seamless connectivity with Terra, Polygon, and BSC. This synergy enables decentralized applications (dApps) to operate effortlessly across these networks, facilitating unhindered cross-network transactions.
The ORION token is designed to empower decentralized governance and institute a revenue distribution framework. The development team intends to introduce multiple revenue streams, all of which will be interconnected through ORION, serving as a value aggregation mechanism for the protocol.
The maximum token supply that will ever be introduced to the market is capped at 1,000,000,000 $ORION. As of November 2021, a mere 2% of the total supply, equivalent to 22,186,472.57 coins, is currently in circulation.
The Allocation of ORION Tokens:
Thirty percent allocation to the Staking Fund;
Twenty-two percent is allocated to the team and advisors;
Twenty percent will be allocated to the Community Fund;
A 10% allocation has been designated for the Seed Token Sale and Initial DEX Offering (IDO).
Seven percent allocation towards enhancing liquidity;
Seven percent allocation towards Private Farming initiatives;
A generous 4% allocation has been designated for airdrop purposes.
Prominent Applications of ORION Tokens:
Elevated Annual Percentage Yield;
Interest Accrual;
Administration;
Participate in staking by locking up ORION to earn additional ORION rewards.
Sources of Commission for ORION Token Buyback:
Fees accrued from the project;
A 5% commission is levied by the Orion Validator.
The ORION token plays a pivotal role in ensuring the seamless operation of the platform and facilitating a range of functions within the Orion Money product suite;
Enhances the yields generated by Orion Saver, thereby maximizing returns.
Grants users the entitlement to receive a share of the revenue generated by decentralized applications;
Empowers users to engage in the decision-making process, shaping the future of the platform through active governance participation.
The Orion Money Network’s Security Framework: A Robust Defense Mechanism
Orion Money has successfully undergone a trio of rigorous audits conducted by RD Auditors & Solidified, thereby demonstrating its unwavering commitment to reliability and transparency within the community. The conclusive verdict from RD Auditors reads: “Our thorough examination revealed 0 critical, 0 high, 0 medium, 0 low, and 0 very low-level issues.”
Furthermore, Orion Money boasts the largest Proof-of-Stake (PoS) validator on the Terra network. By leveraging the PoS consensus mechanism, the blockchain ensures the secure confirmation of transactions, thereby mitigating a multitude of issues. Notably, the PoS method significantly reduces the vulnerability to cyberattacks, as the decentralized structure serves as a bulwark against potential miner attacks on the system.
Where to Acquire Orion Money (ORION)?
As of November 2021, Orion Money’s native token, ORION, has been successfully listed on a multitude of prominent cryptocurrency exchanges, including Uniswap (V2), Gate.io, PancakeSwap (V2), AEX, and DODO BSC.
Stay up-to-date with real-time ORION price movements by downloading the CMC mobile app.
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