Origin Protocol OGN

1. Summary

Ranks

Liquidity

98

Developer

65

Social

96

Momentum (beta)

67

Stack Rank™

80

Price

$0.12 +2.5%

Market Cap

$60.76M (#308)

Supply

502.73M / 1.00B

Tags

Business Platform NFT Ethereum Ecosystem

More Metrics

Price
52W High price	$0.27
52W High date	10th Jul 2022 (1 year ago)
All Time High (ATH) Date	8th Apr 2021 (2 years ago)
ATH Price	$3.35
% From ATH	-97.49%
All Time Low (ATL) Date	10th Jun 2023 (3 months ago)
ATL Price	$0.06
% From ATL	33.97%

Supply & Trading Volume
Trading Volume (24h)	$44.46M
Total Supply	1.00B
Max Supply	1.00B
Circulating Supply	502.73M

Less Metrics

Description

Origin can be defined as an open-source platform that enables the creation of peer-to-peer marketplaces alongside e-commerce applications. It initially targeted the global sharing economy with the attempt of enabling buyers and sellers of fractional use goods and services to transact on the distributed and open web.

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Origin can be defined as an open-source platform that enables the creation of peer-to-peer marketplaces alongside e-commerce applications. It initially targeted the global sharing economy with the attempt of enabling buyers and sellers of fractional use goods and services to transact on the distributed and open web.

Through implementing the Ethereum blockchain as well as interplanetary File System (IPFS) the platform and its community have the ability to interact in a peer-to-peer method which allows for the creation as well as bookings of services and goods without a traditional intermediary.

This protocol in turn allows for the creation of a decentralized setting where both the buyers as well as the sellers can connect, check for available listings, write reviews, and perform other actions. This allows for an easier process of trading assets, and it addresses some of the issues of extant online markets. The issues it tackles are the unfair transaction fees, lack of transparency, and more specifically, lack of any innovation alongside the centralization issues. This means that the Origin Protocol creates a decentralized and incentivized environment, where the buyers, as well as sellers, can facilitate their business.

The OGN Token Explained

The OGN token is the native utility token that is used to power the Origin Platform. It is used to enable incentive systems, payments, and future staking as well as governance mechanisms.

Features of Origin Protocol

The main goal of the Origin Protocol is to promote an open as well as free exchange of services. It builds peer-to-peer marketplaces and enables true peer-peer commerce.

In terms of the features implemented within it, you have lower fees as a starting point. Airbnb for example charges hosts from 3 to 14% in fees, while Uber’s 25% commission rate can go higher when you factor in additional fees. Once these middlemen are removed, buyers, as well as sellers, save a lot of money. You also get increased access, which means that these markets become accessible to everyone, even the unbanked, and anyone can access the marketplace just by using their phones. People have better incentives due to the fact that the platform rewards behavior that contributes to its growth through referring new users, building applications, and a safety infrastructure among other things. Last but not least it has censorship resilience, which means that it eliminates single points of failure through the process of building pools for people to transact with each other in a trustless and distributed way.

Founders of Origin Protocol (OGN)

The origin protocol has its headquarters in San Francisco and was launched in 2017 by Josh Fraser and Matthew Liu.

Discussing Josh Fraser, he is the co-founder of Origin Protocol, however, worked on three companies before it. This is why he has earned the title of a serial entrepreneur and has been an active member of the crypto space for a long time. He worked as a CTO at EventVue as well.

Discussing Matthew Liu, he Is the co-founder of Origin Protocol, and he has worked as a software engineer as well as a product manager within the blockchain industry for years. He used to be the product manager at YouTube.

Aside from the co-founders, you have other people working on the project as well. Notable among them are Yu Pan and Frank Chastagnol.

Discussing Yu Pan, he is the founding engineer at Origin protocol and has worked at Google, as well as PayPal. He co-founded Kiwi Crate as well.

Discussing Frank Chastagnol, who fills the role of VP of engineering, he has a history of working at YouTube as well as Dropbox.

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