Cryptocurrencies-OGN-Origin Protocol

OGN Origin Protocol

0.08893 -0.00138 (-1.53%)

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About Origin Protocol

Origin Protocol, Inc. was founded in 2017 by Josh Fraser and Matthew Lieu, alongside PayPal co-founder Yu Pan. Origin aims to make non-fungible tokens (NFTs), decentralised finance (DeFi), and general blockchain-enabled commerce more accessible. Having held the record for the largest music and viral video/meme NFT sales at almost $11.7 million and $760,000 respectively, Origin is looking to redefine the utilisation of non-fungible tokens. As part of its vision, the company launched Origin Story, a platform that allows users to host NFT sales on their own domains, at the beginning of 2022. The Origin network is powered by Origin (OGN), an Ethereum token with a total supply of 1 billion. OGN is the governance token for the Origin ecosystem and can be used by holders to create and vote on proposals to govern the protocol. Token holders will benefit directly from fees and revenue generated by products built on the Origin platform. Working in conjunction with OGN, Origin Dollar (OUSD) is Origin Protocol’s stablecoin, the first stablecoin to automatically allow holders to passively earn yields without staking. Origin’s Litepaper states that it wants mainstream consumers to participate in DeFi yield earning strategies, and so the company removed the complexities usually associated with the practice. OUSD can be purchased and swapped, or alternatively can be minted using existing stablecoins on the OUSD decentralised app (dApp). When individuals hold both OUSD and OGN, they can earn passive income while actively participating in the governance of the protocol. Diversify your portfolio with OGN on eToro.
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