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Summary of Origin Protocol
Overview
- Origin Protocol develops web3 technologies for NFTs and DeFi.
- Two flagship products: Origin Story (governed by OGN) and Origin Dollar (governed by OGV).
Founders
- Josh Fraser and Matthew Liu founded Origin Protocol.
- Yu Pan, former co-founder of Paypal and ex-Google executive, is the protocol’s founding engineer.
Unique Features
- Origin Story marketplaces offer creators and collectors more control over their content and digital products.
- Origin Story’s NFT tooling supports token-gated
About Origin Protocol
Origin Protocol is a decentralized platform that empowers creators to develop and distribute NFTs, fostering a new era of digital ownership and scarcity.
Introducing Origin Protocol (OGN): A Revolutionary Decentralized Platform
Origin Protocol pioneers innovative web3 technologies, striving to democratize access to non-fungible tokens (NFTs) and decentralized finance (DeFi) for the broader population. Leveraging its distinctive toolset and diverse partnerships, the protocol is well-positioned to achieve these ambitious objectives. Notably, Origin Protocol boasts two flagship products: Origin Story, governed by OGN, and Origin Dollar, governed by OGV.
In a pioneering move, Origin Story emerges as a white label NFT marketplace solution, forging alliances with trailblazers across diverse sectors by harnessing the power of non-fungible tokens. The platform serves as a versatile hub, hosting NFT marketplaces and tooling that cater to a wide range of industries, including 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. By adopting a diversified approach, Origin Story Marketplaces aim to permeate a broad spectrum of industries being transformed by NFTs, rather than concentrating on a single area. Investors may view OGN as a “picks and shovels” investment strategy, providing exposure to the burgeoning NFT ecosystem.
The Visionaries Behind Origin Protocol: Meet the Founders
Origin Protocol was co-founded by Josh Fraser and Matthew Liu, two visionaries with a profound passion for innovation. Mr. Fraser, a coding prodigy since childhood, has been an integral part of the crypto landscape since 2011. His entrepreneurial spirit led to the establishment of Torbit, a web optimization company that was later acquired by Walmart Labs. Mr. Liu, a Stanford engineering alumnus, has been an avid participant in the crypto space since 2014, with notable involvement in the Ethereum crowd-sale during the same year. The protocol’s founding engineer, Yu Pan, brings a wealth of experience, having co-founded Paypal and held an executive position at Google.
Notably, Origin’s esteemed roster of investors is led by Pantera Capital, and further bolstered by the esteemed participation of Foundation Capital, Blocktower, as well as prominent angel investors, including Steve Chen, founder of YouTube, Alexis Ohanian, co-founder of Reddit, and Garry Tan, partner at Y Combinator.
Unveiling the Unparalleled Attributes of Origin Protocol
Origin Protocol is poised to unlock the latent value inherent in a diverse array of crypto-centric opportunities, spanning multiple verticals.
Origin Story marketplaces empower creators and collectors with unprecedented control over their digital content and products. Each bespoke white label marketplace features a seamlessly integrated data analytics dashboard, aggregated listings, streamlined buying experiences, and tailored aesthetics that perfectly align with the client’s distinctive brand identity.
Moreover, Origin Story’s NFT tooling provides innovative avenues for brands to leverage non-fungible tokens in distinctive ways. The protocol facilitates token-gated access, soulbound tokens, diverse file formats, NFT auctions, and more, empowering creators to maximize the potential of their non-fungible tokens. To expand its user base, Story marketplaces are compatible with Polygon, and Origin is actively exploring additional scaling solutions to further enhance its capabilities.
At the core of Origin Protocol lies its flagship stablecoin, Origin Dollar (OUSD), a fully collateralized asset that eliminates the need for staking or lock-up periods. Notably, it automatically generates yield, which is directly deposited into user wallets. This yield is sourced from reputable DeFi protocols, including Curve, Convex, Compound, and Aave, yet it boasts higher APYs courtesy of its innovative rebasing mechanism. A distinctive feature of OUSD is that only user wallets accrue yield, thereby amplifying users’ returns, as funds held in smart contracts serve as a multiplier.
Origin Dollar Governance (OGV) was airdropped to OGN holders in the summer of 2022. As the governance token for Origin Dollar, OGV empowers holders to vote on collateral allocations across decentralized finance (DeFi) pools, while its value appreciates through the revenue generated by the stablecoin protocol.
The Circulating Supply of Origin Protocol (OGN) Coins: A Breakdown
The Origin Token (OGN) serves as the governance and value accrual token for the entirety of the Origin Platform, empowering token holders to exercise their voting rights on a diverse range of proposals:
- Integrating and refining diverse yield-earning strategies to optimize returns.
- Strategically allocating capital across a diversified portfolio of strategies.
- Establishing and adjusting protocol fees to ensure sustainability.
- Designing and implementing ongoing incentives to foster engagement.
10% of the yields generated by OUSD are collected as a fee and allocated towards the repurchase of OGN, thereby benefiting OGN holders. As the supply of OUSD expands, the fees generated also increase, resulting in a corresponding rise in the fees distributed to OGN holders. The total supply of OGN is capped at 1 billion, with the following distribution:
- Advisor Sale: 4.38% at $0.0685 per unit
- Strategic Sale: 23.75% at $0.12 per unit
- CoinList Sale: 4.84% at $0.1364 per unit
- Team Token Allocation: 20.24%
- Advisor Grants: 1.69%
- Foundation Reserves: 31.37%
- Ecosystem Growth Funds: 12.99%
- Long-term Partnerships: 0.73%
The Security Architecture of the Origin Protocol Network
OGN is a cutting-edge ERC-20 token, seamlessly integrated into the Ethereum blockchain ecosystem.
The Origin Protocol is embarked on a journey of incremental decentralization, presently in its second of four phases. Notably, the protocol emphasizes that decentralization is exclusively pertinent to the protocol itself, and does not extend to centralized applications, such as peer-to-peer payments or debit cards, built atop OUSD.
Where to Acquire Origin Protocol (OGN): A Comprehensive Guide
OGN is proudly listed on esteemed cryptocurrency exchanges, including Binance, Hotcoin Global, Bitget, Mandala Exchange, and BingX, further expanding its global reach.
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