Posted: 14.07.2021 | 15:02
What is Origin Protocol (OGN)?
Maximum Supply: -
Total Supply: 1,000,000,000 OGN
Circulating Supply: 316,368,442.54 OGN
Explorer: Origin Protocol Explorer
Whitepaper: Origin Protocol Whitepaper
What is Origin Protocol (OGN)?
Origin Protocol is a network that allows market participants to share goods and services through peer-to-peer (P2P) networks. The platform aims to create a comprehensive online marketplace that leverages the Ethereum (ETH) blockchain and the Interplanetary File System (IPFS) to eliminate the need for middlemen.
The protocol allows the creation of a decentralized setting where both buyers and sellers can connect, check existing listings, create reviews and perform many other actions. In this way, the use of assets classified according to segments can be bought and sold more easily.
Origin Protocol addresses the core issues of current online marketplaces such as unfair transaction fees, lack of transparency, less drive for innovation, and centralization issues. The protocol creates a decentralized and incentivized environment to make business easier for buyers and sellers.
Who Are the Founders of the Origin Protocol?
The team consists of members from more than seven countries with a mutual interest in blockchain technology. Origin Protocol is headquartered in San Francisco with several investors around the world. The protocol was initiated by Josh Fraser and Matthew Liu in 2017.
Josh Fraser is known to have founded Origin Protocol and three other companies before that. He is an entrepreneur who has been active in the crypto space for over a decade. Fraser has also worked as the CTO of the social networking platform Eventvue.
The other co-founder, Matthew Liu, is a software engineer and product manager who has worked in the blockchain industry for many years, and Liu also worked as a product manager at YouTube.
Yu Pan, the founding engineer of Origin Protocol, has worked at Google. He was one of the oldest employees of Paypal and also one of the founders of Kiwi Crate. Frank Chastagnol, vice president of engineering, YouTube, Dropbox and etc. He has also worked in companies.
What Makes the Origin Protocol Unique?
Origin Protocol aims to disrupt the sharing economy by establishing a decentralized P2P network between buyers and sellers and cutting back on traditional middlemen. Origin Protocol's vision is to create distributed systems where users can promote their products. The protocol focuses on the free trade of all goods and services at real market prices without the interference of third parties.
Origin aims to create a conducive environment for market participants by providing:
Lower Transaction Fees
Origin Protocol eliminates the need for intermediaries that charge fees to process transactions. The protocol provides access to unbiased prices for goods and services.
Improved Incentive System
Origin Protocol is an open source platform that rewards users for their contributions to the network through an incentive system. Users of the platform, such as affiliates, are rewarded with cryptocurrency tokens when they promote and market lists created by merchants. This incentive of users encourages them to keep the platform alive and grow.
Traditional sharing businesses require consumers to have bank accounts, credit cards or other means of payment, denying access to services to those without a bank account. On the other hand, the Origin Protocol allows non-privileged groups to access open markets without the need for a bank account.