What is Origin Protocol (OGN)?

Origin Protocol (OGN) is an open source platform. The platform allows anyone to build e-commerce applications and decentralized marketplaces. For a decentralized marketplace, you can simply understand that these are marketplaces where sellers and buyers transact directly with each other. In addition, developers can create their own applications on Blockchain Origin.

Origin Protocol features

Improve user experience

Origin is a project that implements transformative transactions on Ethereum. As a result, users will save on Ethereum gas fees in the transaction.

Engage users and developers

The marketplace platform now has more than:

• 000 Ethereum wallets registered
• 000 transactions of goods and services
• More than 170 developers have contributed to the project on GitHub.
• More than 50 volunteer translators available for dApp Origin in 20 different languages

Developer Platform

The project provides open source protocols, developer libraries, and end-user applications to improve user experience.

Developers & investors

The project is led by experienced people from PayPal, YouTube, Google, etc. Besides, the project also receives support from leading investors such as Pantera Capital, Foundation Capital, Steve Chen Thay.

What is OGN?

OGN is the native token in the Origin Protocol ecosystem. OGN is released as an ERC-20.

Use case of OGN

Reward

Users are rewarded with OGN for purchases, verifying their identity, promoting Origin on social networks, and referring new users.

Commissions / Advertising

Merchants pay OGN commissions to app developers for promoting their products. Aims to make products more visible on e-commerce apps and Marketplace.

Pay

Buyers can use OGN to pay sellers when buying goods or using services.

Staking

The team is researching and developing new staking models. This is intended to generate additional profits for OGN holders, in exchange for them having to power and support other parts of the network.

Network Administration

The OGN token will have a governance function in the future.

Development team

Josh Fraser (Co-Founder): Co-founder of PriceSlash, Din, Torbit and EventVue.

Matthew Liu (Co-Founder): Co-founder of PriceSlash and Unilot Labs. He used to hold the position of product manager at Google and Youtube.

Yu Pan (R&D Manager): Co-founder of PayPal and Kiwi Crate, former engineer at Google and Affirm.

Franck Chastagnol (Senior Engineer): Former lead at Dropbox, chief engineer at Endorse.com, technical director at Youtube and Paypal.

Micah Alcorn (Production Manager): WellAttends Technical Co-Founder.

Nick Poulden (Senior Engineer): Former UI architect at Palo Alto Networks, lead software engineer at C3 Energy Network.

Tom Linton (Senior Engineer): Founder of Dockyard and Serfdox.

Domen Grabec (Engineer): Former CTO at Chess Raiders.

Mike Shultz (Engineer): Longtime employee at Ethereum and IPFS engineer at Lunyr.

Aure Gimon (Product Designer): Used to be a freelance designer for several Fortune 500 companies and startups.

Conclude

The platform initially targets the global sharing economy, allowing buyers and sellers of goods and services to use shards to transact on a distributed open web. It uses the Ethereum blockchain and the Interplanetary Directory System (IPFS). The platform and community participants can interact in a P2P fashion, allowing the creation and ordering of services and goods without the need for traditional intermediaries.

You can see OGN prices here.

Disclaimer: This information is provided as a personal blog, not general information or investment advice. We are not responsible for your investment decisions.

According to AZCoin News

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