Origin Protocol is a decentralized marketplace with the goal of eliminating third-party fees and commissions and making shopping fairer for all.
It is a blockchain-based platform coupled with an ERC-20 cryptocurrency token (origins) that provides users full control over their own data as well as the opportunity to participate in a marketplace that is open, secure, transparent, and efficient. The system enables buyers and sellers of goods to interact directly on an open Internet marketplace without costly intermediaries which have been previously facilitated through online retailers such as Amazon or from offline retailers at brick and mortar stores.
Origin allows for a more efficient way to buy goods on the Internet by removing excessive, costly middlemen from transactions on its decentralized network. By doing so, the platform allows shoppers to directly connect to manufacturers and sellers thus eliminating unnecessary third-party fees and commissions. It aims to provide an alternative through a blockchain-based marketplace that enables buyers and sellers to directly interact with each other in an efficient and fairer environment.
Origin’s mission is simple: “We are building a new kind of market where everyone can buy or sell something without having to pay excessive fees”.
Who are the Founders of Origin Protocol (OGN)?
The Origin team is made up of co-founders Josh Fraser and Matthew Liu who have deep experience in the cryptocurrency space, with extensive experience in venture-backed startups and Google-related enterprises respectively. Fraser is an expert in blockchain technologies, who have been active in the space for over a decade. He has previously worked in EventVue (CTO), Torbit, and Forage.
Matthew Liu, on the other hand, is a software engineer and product manager who has worked as a product manager in Youtube, Qwiki, and other well-known firms.
Their combined expertise is what led them to form Origin Network which is an exploratory project focused on developing new types of decentralized applications through their main product, Origin Protocol (OGN).
Other members of the Origin team include Yu Pan (core member of Paypal, Youtube, Google), Franck Chastagnol (Lead engineer at Inktomi, Paypal, Youtube, Google, & Dropbox), Coleman Maher (Marketing expert, AirBnB), and many more.
What is Origin Network (OGN) used for?
The Origin Network offers a peer-to-peer marketplace specifically designed to let anyone build, run and operate their virtual world or game universe. It’s like having your own social network or marketplace, but it has no central point of control and there are no rules – make anything you want; sell anything you want; communicate with whomever you choose; host games, movies, music, events – all without needing to ask permission from anyone.
By creating an open, distributed, and shared layer, Origin provides both buyers and sellers with peace of mind by providing transparency, financial incentives, and a self-regulating ecosystem.
It instantly enables traders all across the world to conduct transactions without the hassle of currency conversions or tariffs and increases personal liberty by obliterating central bodies like as governments or corporations, which frequently impose arbitrary norms on commercial conditions.
If you had a virtual world for your company, movie, or game and wanted to allow anyone in the world to participate, Origin is how you would do it.
In addition, since decentralized marketplaces have no single point of control or ownership, they can be more efficient. They also allow anyone to build products and services around them that they never could have before.
What Is the Unique Point of Origin Network?
Origin Protocol is an ambitious project that seeks to decentralize the world’s digital economy and democratize peer-to-peer trading on the blockchain. They aim to create distributed systems where users can promote their products without intermediaries or excessive fees.
Origin provides a transparent ecosystem for content creators, advertisers, and traders and establishes a conducive environment for market participants. They have high hopes for the decentralization of our lives, free from censorship and control by third parties.
Some of the unique selling points of the platform include:
Low transaction fees
Origin is designed to have low transaction fees for each transaction. This will allow users to participate in the network with ease, and for advertisers and creators to earn more money.
High trade volume
Origin has high trade volume guarantees so that buyers will not be forced to go through many steps before making a purchase.
The Origin platform is a decentralized application, which means that buyers will be able to use the platform from anywhere and at any time. Not only that, it allows underprivileged individuals to trade on open marketplaces without the need for a bank account.
How many Origin Protocol (OGN) coins are in circulation?
OGN is the native token of the Origin platform, which is used in staking, governance, incentive systems, and payments. The maximum supply is 1,000,000,000 tokens and the circulating supply is 394,224,66 OGN tokens.
How is the Origin Network (OGN) Network secured?
A single point of failure exists in centralized systems. In other words, as soon as a sole entity is compromised, the network as a whole is brought down with it. However, thanks to blockchain technology, Origin has turned that on its head. Now each node is incentivized to contribute and no single node can bring down the network.
OGN is a public utility token that runs on the Ethereum blockchain and is ERC-20 compliant. OGN can be stored in any wallet that supports ERC-20 tokens. The Origin Network (OGN) protocol uses the Interplanetary File System (IPFS). IPFS enables data integrity and decentralizes traffic, providing both content supply chains and bandwidth routing across space.
How do I buy Origin Protocol (OGN)?
Origin’s unique utility coupled with a top-notch marketing strategy makes it available on reputable exchanges such as Binance, Huobi, and Kucoin. Buying OGN tokens can be completed in a couple of 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 OGN through your trading account.
Which Cryptocurrency Wallet Supports Origin Protocol (OGN)?
The PTPWallet platform supports many cryptocurrencies simultaneously such as Origin Network (OGN). 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. Additionally, users can easily use PTPWallet as their Origin wallet because it offers a simple and interactive interface making it easy for people to navigate its system.