What is OGN Coin? Details About Origin Protocol Project and OGN Token

The core trend of the decentralized finance (DeFi) platform lies in P2P (People to People) transactions. Here, buyers and sellers can trade directly with each other and manage their assets without going through any intermediary entities. This very characteristic has made many P2P-driven projects increasingly developed and widely adopted. Among them, a standout is the Origin Protocol (OGN) project.

So, what is OGN Coin? What are the standout features of the Origin Protocol project? What is the future potential of this token?
All of these questions will be answered in today’s article by Finanece Solutes

1. OVERVIEW – WHAT IS ORIGIN PROTOCOL?

The Origin Protocol project is an open-source platform built on the ERC20 standard of the Ethereum network. It enables the development of peer-to-peer Marketplaces and e-commerce applications on the Ethereum Blockchain.

The primary goal of this project is to eliminate unnecessary costs in order to build an open, global, and shared economy. It allows buyers and sellers to fractionalize the use of goods and services—such as ride-sharing, home-sharing, etc.—so they can transact on open-source websites.

In addition, by leveraging the Ethereum network’s Blockchain along with a system of IPFS (InterPlanetary File System), the platform allows users to interact with peer-to-peer models. This enables users to create and offer goods or services without relying on traditional intermediaries.

1.1. Outstanding Features of the OGN Coin Project

The OGN Coin project allows users to build their own NFT auction websites through the Origin NFT Launchpad. Moreover, those who sell NFTs on the Origin Launchpad will also own a personal Marketplace—a space where they have full control over the products listed for sale. This is a significant differentiator from most Marketplaces currently on the market.

Additionally, the project’s NFT products are targeted at influencers, brands, renowned artists, or individuals who place a strong emphasis on personal branding.

Some of the NFT products we can mention include:

• NFT Launchpad: A platform where users can create their own website to auction their NFTs without requiring the support of the OGN team.
• NFT Marketplace: Developed by creators, influencers, or celebrities. It allows investors to buy NFTs and provides space for exchanging and trading with those in need.

Furthermore, Origin Protocol is always focused on developing OUSD – a stablecoin that generates passive income based on decentralized finance (DeFi) platforms. By simply holding OUSD in their wallets, users can earn interest from DeFi.

Additionally, the project is planning to develop several products, including:

• Origin Dollar P2P App.
• OUSD Debit Card.
• Integration with other chains.

Unlike many projects in the market, Origin Protocol strives to reduce the total circulating supply of OGN Coin by buying back OGN Tokens from NFT revenue or allocating 10% of the interest earned from OUSD.

1.2. OGN Ecosystem

So, what does the OGN ecosystem include?

Decentralized Marketplace Applications

• Over 170+ developers have contributed to and improved the core library, along with initial Marketplace applications.
• Many third-party dApps are currently operating on the Origin platform, spanning across various sectors such as commerce, home-sharing, ride-sharing, art, and more.

Ecosystem of Libraries for Web and Mobile Applications

Origin Protocol plans to launch user-friendly libraries for developers with the goal of simplifying the development process for third parties. By implementing a simple abstraction layer, the project aims to attract more developers with experience in traditional web and mobile technologies who are not yet familiar with blockchain programming.

The first library that has been completed is the Javascript GraphQL library, used for building web applications. Future libraries may include mobile libraries for popular operating systems such as Android (Google) and Apple iOS.

2. DETAILED INFORMATION ABOUT OGN COIN

Next, let’s dive into the details of the Origin Protocol project’s token!

2.1. Basic Information About OGN Coin

• Token Name: Origin Token
• Ticker: OGN
• Blockchain: Ethereum
• Contract: 0x8207c1ffc5b6804f6024322ccf34f29c3541ae26
• Token Type: Utility, Governance
• Token Standard: ERC-20
• Total Supply: 1,000,000,000 OGN

2.2. OGN Coin Allocation (OGN Token Allocation)

With a total supply of 1 billion OGN, the token is allocated as follows:

• Founders & Reserves: 31.4%
• Token Sale: 23.8%
• Development Team: 20.2%
• Ecosystem Development Fund: 13%
• Coinlist Sale: 4.8%
• Project Advisors: 4.4%
• Long-term Partners: 2.4%

2.3. OGN Coin use case and how to own OGN Coins

The OGN Token is used for the following functions:

• Governance: OGN coin holders can vote on proposals to guide the future direction of the Origin Protocol project, including key elements like OUSD (Origin Dollar), Dshop, and many other important components of the ecosystem.
• Payments: Transactions are priced using OGN tokens.
• Staking: OGN coin holders can participate in staking to earn rewards. The development team is currently researching and developing a new staking model to generate yields for OGN holders in exchange for providing energy and supporting other components of the network.
• Rewards: Users can earn coins by verifying identities, promoting the project on social media platforms, or referring friends to join the platform.
• Commissions: When making payments with OGN, sellers will be prioritized in search results. Additionally, market operators and developers can earn OGN coins by helping sellers reach their sales targets.

How to Own OGN Coin?

Currently, investors can purchase OGN tokens directly on exchanges where the coin is listed, such as Binance, Huobi Global, Upbit, Uniswap, and more.

2.4. OGN Token Release Schedule and OGN Roadmap

OGN Token Release Schedule

The chart below shows the amount and distribution of all OGN tokens that will be released monthly. The reserved tokens in the fund will continue to be released after July 2024.

OGN Roadmap

The image below illustrates the roadmap for the governance of the Origin project. In Phase 4, the project will be 100% governed by users.

3. OGN COIN WALLET

OGN is an ERC-20 token. Therefore, you can securely store it on various supported wallets such as:

• Popular hot wallets: Mycrypto, MetaMask, Coin98 Wallet, MyEtherWallet, Atomic Wallet, etc.
• Exchange wallets: Wallets provided by exchanges that have listed the OGN token.
• Cold wallets: Ledger Nano S, Trezor.

4. OGN PROJECT TEAM, INVESTORS & PARTNERS

So, who are the team members, investors, and partners behind the Origin Protocol project?

4.1. Origin Protocol Development Team (OGN Coin Team)

The OGN project is developed by a team of experienced and notable individuals, including:

• Matthew Liu (Co-Founder): Co-founder of Price Slash and Unilot Lab. He also previously worked as a product manager for YouTube and Google.
• Yu Pan (Head of R&D): Co-founder of PayPal and Kiwi Crate. He is also a former engineer at Affirm and Google.
• Josh Fraser (Co-Founder): Co-founder of Price Slash, Event Vue, Din, and Torbit.
• Franck Chastagnol (Senior Engineer): Former senior engineer and leader at Dropbox, and former technical director at YouTube and Google.
• Domen Grabec (Engineer): A skilled engineer who previously served as CTO at Chess Raiders.
• Aure Gimon (Product Designer): Former freelance designer for several Fortune 500 companies and startups.
• Micah Alcorn (Product Manager): Technical co-founder of WellAttends.

4.2. Investors and Partners of OGN

Investors

The main investor of this project is Pantera Capital – one of the oldest cryptocurrency funds in the world. Some other notable investors include: Foundation Capital, Blocktower, Blockchain.com, Spartan Capital, PreAngel Fund, Hashed, Kenetic Capital, KBW Ventures, FBG, Smart Contract Japan, and QCP Capital.

In addition, there are also some big names such as: Steve Chen (Co-founder of YouTube), Garry Tan (Partner at Y Combinator), Alexis Ohanian (Co-founder of Reddit),…

Project Partners

• Partners include companies/projects: Google Cloud, Samsung, Amazon, Chainlink, Brave,…
• Partners also include famous brands/individuals: Paris Hilton, 3LAU, Lupe Fiasco, Mike Dean, Shepard Fairey, Bassjackers, Ryan Tedder, electric vehicle brand Micro,…

5. FAQS ABOUT ORIGIN PROTOCOL PROJECT AND OGN TOKEN

In the final part of the article, let’s summarize some frequently asked questions about the Origin Protocol project and its OGN coin.

5.1. Where can investors get the latest updates about the project?

You can follow and stay updated with the latest news about the OGN project through the following channels:

• Website: https://www.originprotocol.com/
• Telegram: https://t.me/originprotocol
• OGN Twitter: https://www.originprotocol.com/vi/
• Discord: https://discord.com/invite/jyxpUSe
• Reddit: https://www.reddit.com/r/originprotocol/
• Facebook: https://www.facebook.com/originprotocol
• Youtube: https://www.youtube.com/c/originprotocol

5.2. Should you invest in OGN Coin?

You can observe the price fluctuations of the OGN Token in recent times:

The project started in 2017 and has successfully completed three funding rounds to build the platform, raising a total of $38.1 million USD and attracting over 800 investors. Currently, Binance is the most active exchange for this token, making it a major “gateway” for OGN Coin’s global integration.

However, like with any project, you should conduct thorough research before making any investment decisions. To succeed in the cryptocurrency market, the most essential trait is caution and the ability to make your own investment decisions—not blindly following so-called “expert advice”.

5.3. On which exchanges can I trade OGN Coin?

At the time of writing, OGN Coin is listed on most major exchanges such as: Coinbase Exchange, Binance, VCC Exchange, Gate.io, Uniswap (v2), CoinBene, Hoo.com, AAX, Bittrex, Upbit, Bitforex, Bitcoin.com Exchange, Kraken, BKEX, MEXC Global, Upbit Indonesia, Flybit, 1inch, FatBTC, Blockchain.com, Huobi Korea,… with various popular trading pairs including: OGNUSDT, OGNBTC, OGNUSD, OGNWETH, OGNEUR, OGNBUSD, OGNBNB, OGNETH,…

6. SUMMARY

Through this article, Finanece Solutes has introduced what OGN Coin is, the key features of the Origin Protocol project, and assessed its potential in the future. We hope the information we’ve shared has given you a clear and accurate overview of the project.

Wishing you success!!!