The Origin Platform and ecosystem intend to include peer-to-peer commerce, especially in the NFT vertical, and decentralized finance (DeFi) will unlock billions of dollars in value. They will bring blockchain-enabled commerce and finance to the masses and also continue to improve Origin products to enable new killer use cases that are only made possible by cryptocurrency technologies.
After three years of building consumer-friendly products in the blockchain space, Origin has decided to bring non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses as they believe that future blockbuster NFT sales will further introduce mainstream audiences to Origin’s products and OGN.
They have developed improvements in non-fungible tokens (NFTs) by building new commerce experiences that cannot be replicated on incumbent platforms like Shopify, Amazon, or Alibaba. Since NFT’s growth in NFT sales and trade volume and the rate of innovation is exponential, Origin has chosen to harness this opportunity as they believe NFTs will be the first product category that onboards mainstream users into crypto.
To enforce these visions, they have chosen to continue the development and growth of the Origin Dollar (OUSD). It will be a critical DeFi building block and money lego, which will also be highly composable. The OUSD will power multiple mainstream consumer and merchant applications soon, and they expect millions of users to be using applications powered by OUSD in the next few years without necessarily even realizing they are using an underlying DeFi product.
The original dollar (OUSD)
The Origin Dollar is the first cryptocurrency stablecoin that automatically and passively provides users with the opportunity to earn a yield while sitting in their cryptocurrency wallets. Users do not need to stake/unstake or provide liquidity to earn yields across underlying DeFi protocols.
With OUSD, there’s no need to unwind complicated positions when you want to spend your OUSD. You can transfer it freely without having to pay gas to unlock spendable capital. In addition, OUSD gives you the ability to utilize a basket of leading DeFi opportunities with none of the hassles. The OUSD smart contracts deploy your underlying capital to a diversified set of yield-earning strategies, automatically rebalancing over time to achieve strong yields while diversifying risk.
OUSD is meant to be a tool that gives users easy and passive access to DeFi exposure. The OUSD protocol is 100% open-source and we are fast-tracking OUSD to be governed in a decentralized fashion.
Who are the founders of the Origin Dollar (OUSD)?
In 1999, Yu Pan, one of PayPal’s original co-founders conceived of creating “the new world currency”, complete with interest-yielding strategies and debit cards, without having to connect to traditional banking systems. Several pivots and an eBay acquisition later, PayPal dropped its ambitions in this area. Two decades later, Yu Pan, Origin’s founding engineer, and the rest of the Origin team have finally launched this new world currency.
What is The Origin Dollar (OUSD) used for?
Supplying liquidity to AMM
OUSD allows holders to earn fees through lending or supplying liquidity to automated market makers (AMMs).
Users can mint OUSD with their existing stablecoins (DAI, USDT, USDC currently) on the OUSD DApp.
Ideal unit of account
OUSD also serves as an ideal unit of account as participants no longer need complicated spreadsheets to calculate their earnings when they can easily see their constantly updated OUSD balances in real-time.
What is the unique point of Origin Dollar (OUSD)?
Origin has conducted NFT sales for mega-influencer Jake Paul and One Republic frontman Ryan Tedder, which enabled collectors to receive limited edition physical merchandise in addition to their NFTs. They have even helped secretive but highly funded electric bike startup Micro pre-sell their earliest e-bikes that will come off the assembly line. Users only need to have purchased NFTs in their Origin-managed wallets or a web3 wallet like Metamask to get access to premium content offered by our many creators.
OUSD creates the incentives for merchants to not only accept, but promote the usage of cryptocurrencies in their businesses. As more users hold and make purchases with OUSD, more merchants will similarly accept OUSD. These powerful network effects have the potential to gradually replace the payment rails for both online and offline commerce.
In the short term, OUSD’s target audience encompasses the millions of cryptocurrency users in the world that are not yet invested in DeFi.
Origin believed there need to be more compelling reasons for consumers and merchants to use cryptocurrencies and blockchain technologies for billion and trillion-dollar-sized commerce opportunities to existing and peer-to-peer and consumer-to-merchant cryptocurrency transactions need to be made far simpler than they are today. To execute this, they intend to propagate cryptocurrency payment rails that are superior to existing credit/debit cards and mobile payments that rely on fiat currencies and centralized systems.
How many Origin Dollar (OUSD) coins are in circulation?
Origin Dollar has a circulating supply of 462,954,189 OGV coins and a maximum supply of 5,000,000,000 OGV coins. There is no information about the supply unit of the OUSD token.
However, there is also the OGN token, which is the governance and value accrual token for the entire Origin Platform and suite of products. OGN token holders will be able to create and vote on proposals to govern the underlying protocol and will directly benefit from the success of the Origin Platform and products built on top of it. In addition, revenues generated accrue directly to OGN via several economic models, which can be changed in the future through the governance process.
How is Origin Dollar secured?
Origin’s role in the development of OUSD is ministerial rather than managerial. This means that instead of actively managing OUSD as a business or actively managing the funds in the OUSD vault, Origin maintains the OUSD smart contracts as developers to keep the protocol functional and avoid catastrophic losses or failures for users. Origin does not intend to make strategic decisions to allocate funds from the OUSD vault. Funds are allocated by OUSD smart contracts, not Origin employees, and Origin developers chose the aforementioned DeFi protocols for their safety and ubiquity in DeFi rather than to seek maximum yields or profits.
How do I buy Origin Dollar (OUSD)?
The OUSD token can be used for a wide range of uses, like staking. OUSD tokens can be easily purchased by the following steps.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy OUSD through your trading account.
Which Cryptocurrency Wallet Supports Origin Dollar (OUSD)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Origin Dollar (OUSD). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their OUSD wallet because it offers a simple interactive interface, making it easy for people to navigate its system.