Complete set of Origin Protocol project and OGN cryptocurrency

• What is Origin Protocol?
• Outstanding features of the OGN . project
• Origin Protocol project pros and cons
• Instructions for trading with OGN cryptocurrency
• summary

What is Origin Protocol?

Origin Protocol concept

Origin Protocol is a platform that enables the creation of decentralized Marketplaces (marketplaces in which sellers and buyers can transact directly) and e-commerce applications on the Ethereum blockchain. With the goal of building a global economy, Origin Protocol allows users to use goods and services (booking, car booking, ...) to transact on the open source web.

Origin Protocol project development team

The Origin Protocol project development team includes many people who have held important positions in large companies such as Google, Youtube, Paypal, Dropbox. The most prominent names can be mentioned as:

Matthew Liu : Matthew Liu is the Co-founder of Origin Protocol. Liu was one of the 25th earliest employee and product managers at YouTube (acquired by Google). He is also a founding member of YouTube's monetization team. Later, Liu served as Vice President of Product at Qwiki (acquired by Yahoo) at Bonobos (acquired by Walmart). In 2014, as CEO of Unicycle Labs, Liu built a widely adopted real-time comparison tool for ride sharing. Uber then quickly issued a cease-and-desist for Liu's actions to collect data and use their trademarks. Perhaps it is these things that give Liu more ideas for building the open data sources that he is applying to Origin today.

Joshua Fraser: Joshua Fraser is also the Co-founder of Origin Protocol. He started mining Bitcoin in 2010 and is an active member of the crypto community. In addition, he leads a number of open source projects as well as innovative protocols such as PubSubHubbub. Previously, Fraser served as the founder and CTO of Event Vue (the social network for events) and Forage/Din (the gourmet healthy eating kit). Fraser is also the founder and CEO of Torbit, where he developed expertise in network infrastructure, web performance, and Internet security before selling the company to Walmart Labs. As a former Airbnb host, Fraser has experienced first-hand the downsides of market intermediaries (big fees, arbitrary rules, and government regulation).

Origin Protocol project development team.

In addition, the project has been supported by many investment funds in the world, such as Pantera Capital, Foundation Capital, etc. Besides, there are famous individuals such as Steve Chen (YouTube Founder); Alexis Ohanian (Founder Reddit),…

Origin Protocol project development

Origin Protocol project was formed from the idea of ​​developing business models related to sharing services such as Airbnb, Uber, etc.

Origin Protocol (OGN) started its first steps in May 2017 and after nearly 3 years of effort OGN has achieved significant milestones.

In October 2018, the project launched Mainnet Beta on Ethereum.

In April 2019, the project launched Origin Reward and activated Stablecoin payments.

In July 2019, the project launched shoporigin.com and new mobile applications, enabling Meta Transaction.

Q1/2020, the project released Mainnet 1.0, listed on Binance. This is also the time when the OGN cryptocurrency was born. 

How Origin Protocol works

Essentially, Origin Protocol incentivizes both developers and businesses to build decentralized marketplaces on the Blockchain. 

Origin Protocol builds decentralized marketplaces on Blockchain.

Here, users can easily create and manage lists at a small cost. At the same time the platform acts as a community in which buyers and sellers can easily view services, listings, reservations and reviews. Everything will be much easier and more economical if you can deal directly with the hotel without going through a third party.

Outstanding features of the OGN . project

Low transaction fees

In the OGN project, buyers and sellers can save more costs when the middleman is removed. 

There is a problem that has existed for a long time in the market that is the appearance of intermediaries, storks. They almost set their own rates to charge both customers and suppliers. In many cases, the value received by intermediaries is not commensurate with the value they bring. Cutting out this step will save users unnecessary costs.

Lower Fees feature.

User Offer

The Origin Protocol project retains users with many incentives. Anyone can own a stake in the ecosystem by contributing to the growth of the platform such as introducing new users to promote trading, promoting or building apps on the Origin platform.

Better Incentives feature.

Easy access

Users can easily log into the Origin Protocol ecosystem anytime, anywhere, in any situation. Origin Protocol can be accessed by anyone, even those without a bank account.

Easy Access feature.

Origin Protocol project pros and cons

Advantage

The project saves costs for buyers and sellers because there are no third parties.

The project provides a full and reasonable user support policy.

Trading on the widely accepted platform, you can trade and buy and sell more easily even without a bank account.

Ecosystem de-censorship, P2P Marketplaces are very difficult to be banned or forced to close.

The project also attracts many reputable investors. This partly proves the effectiveness of the project in practice.

Defect

There are also some competitors to Origin Protocol now. This is both a challenge but also an opportunity for the development team to try harder in the future.

Products such as DShop, Marketplace, etc. are still quite sketchy at the moment.

What you need to know about OGN cryptocurrency

OGN Cryptocurrency Function

OGN is the Native Token of the Origin ecosystem. The function of OGN token is as follows:

Rewards : Users are rewarded with OGN for purchases, identity verification, promoting Origin on social networks, and referring new users.

Commissions/Advertising : Merchants pay commissions in OGN to app developers to promote their products to help them get more visibility on e-commerce apps and Marketplace.

Payments : Buyers can use OGN to pay merchants for goods or services.

Staking : The team is currently researching and developing new staking models. This is intended to generate additional profits for OGN holders in exchange for powering and supporting other parts of the network.

Governance : The OGN token will have a governance function in the future. That is, OGN token holders will have the right to participate in voting on important decisions of the ecosystem.

OGN Cryptocurrency Allocation

The OGN token token is allocated according to the following ratio:

• Founder and reserve fund: 31.4%.
• Token sale: 23.8%.
• Team: 20.2%.
• Ecosystem Development Fund: 13%
• Coinlist sale: 4.8%.
• Advisor: 4.4%.
• Long-term partners: 2.4%

OGN Cryptocurrency Allocation

Instructions for trading with OGN cryptocurrency

Instructions for earning OGN

There are two ways to earn OGN tokens:

• Join Origin Protocol's DApp ecosystem to buy and sell products on it to receive OGN.
• OGN can be purchased on exchanges that allow OGN trading.

Instructions for storing OGN tokens

OGN is an ERC-20 token, users can easily store this cryptocurrency on popular wallets like

• MyEtherWallet (MEW), Metamask or ImToken…
• Besides, you can keep them in hardware wallets like Trezor, Ledger Nano, TrustWallet…
• In addition, you can also store it on exchanges' wallets for easy trading.

To learn more about what a crypto wallet is, you can read more articles here .

Exchanges that support OGN trading

According to updated TraderH4 data, OGN tokens have been traded on exchanges such as Binance , Huobi , MCX, Uniswap , Kyber Network…

summary

Origin Protocol (OGN) is a project with a fairly long-term vision when the traditional e-commerce field is still on a high growth momentum. Origin's market is a market of hundreds of billions of dollars with many traditional companies dominating and doing well. To compete with the behemoths, the Origin project needs more than just brilliant technology. This process takes time and the team is working hard to achieve the project vision. Whether it really succeeds or not, we cannot answer right now. 

Hopefully, the information about the Origin Protocol project and the OGN cryptocurrency provided by TraderH4 in this series of articles will bring you useful knowledge. You can also find more information about other articles in our project analysis section.

Maybe you are interested in other projects such as: Sandbox Project Overview and Sand Cryptocurrency .

Note: This article is for informational purposes only and should not be considered investment advice. Cryptocurrency investment is a form of risky investment, you only participate with the amount of capital that can be lost.

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