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OGN

Origin Protocol (OGN) Price Index

$ 0.175536 Ƀ 0.00000340
  • MarketCap
    $ 88,243,884
  • Volume
    $ 19,355,619
  • Change
    3.99%
origin-protocolOrigin Protocol
$ 0.175536
$ 0.175536
3.99%
0,16219
OGN
Original Protocol (OGN)
$ 0.175536
OGN
Original Protocol (OGN)

What is the Origin Protocol (OGN)?

Origin (OGN) is the Ethereum ERC-20, native token of the Origin Protocol ecosystem.  The project focuses on web3 technologies, allows creators to launch NFTs, and provides them with storefronts and marketplaces. The Origin Protocol has two main products: Origin Story for NFT creation and sales and the Origin Dollar (OUSD). There is also the Origin Dollar Governance (OGV) token.

The Ethereum-built Origin Protocol was cofounded by Josh Fraser and Matthew Liu in 2017. It raised $38 million in public and private token sales in 2018 and the Origin token was launched in 2020. Investors in 2018 included Pantera Capital, Blockchain.com, YouTube founder Steve Chen, and Reddit founder Alexis Ohanian.

 

What Makes the Origin Protocol Coin Unique?

The Origin Protocol was a relatively early development on the Ethereum blockchain. Its mission is to bring “non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses” and build decentralized commerce with peer-to-peer marketplaces for DeFi and NFTs. In recent years, Origin coin has focused its platform around NFTs and NFT experiences. Its marketplace is the NFT Launchpad, where NFTs can be issued easily by creators. The platform has hosted several well-performing NFT projects.

Origin was one of the first projects to use meta-transactions in Ethereum to save gas fees for all transactions and improve the user experience.

The Origin Dollar (OUSD) is the Origin Protocol’s stablecoin, which allows holders to earn yields while holding the OUSD in their cryptocurrency wallets rather than staking or locking up tokens.

 

What Is the Origin Protocol (OGN) Used for?

The Origin token (OGN) is the governance token of the Origin Protocol and ecosystem. Origin coin holders can create or vote on proposals to change the Origin Protocol with regard to issues like fee structure or how funds are allocated.

Origin is a value accrual token. Origin holders can earn part of the fees and revenue from sales in the Origin Protocol’s NFT marketplace. OGN is also the staking token for Origin Story. Holders who stake OGN on Story are rewarded in Ether (ETH) and Origin from the fees generated from Origin Story’s white-label marketplaces.

In addition, Origin (OGN) is a widely bought, sold, and traded crypto asset.

 

How Does the Origin Protocol Work?

For Origin governance, the platform has a Governance Portal and uses Proxy voting, which allows OGN holders to allow others to vote on their behalf. OGN holders can delegate another OGN holder or an Origin development team member to wield their voting power. In the Governance Portal, Origin holders can vote on matters that influence the future of the Origin Protocol.

Origin’s NFT Launchpad supports NFTs as digital art and an asset class that represents real-world goods. The launchpad aspires to give NFT creators more control and more marketplace functionality than Origin Story’s competitors.

 

How Is the Price of the Origin Protocol (OGN) Determined?

The Origin Protocol (OGN) price is influenced by supply and demand and by the popularity of the Origin Protocol, Origin Story and the NFT Launchpad. The supply of OGN is capped at 1 billion tokens, which adds scarcity.

Origin Protocol’s developers have been known to use the platform’s revenue to conduct token buybacks to manage the OGN supply and stabilize the OGN market price. For example, a $1.3 million OGN buyback took place in May 2021, and the purchased Origin coin was deposited to Origin Protocol’s Foundation Reserves, removing it from circulation. Origin said they believed in the utility of OGN and in the governance of the platform asserting that Origin’s products were undervalued. They also wished to reduce the circulating supply as part of the tokenomics of the platform.

 

The following factors can influence the OGN price:

  • Supply, demand, and scarcity
  • Liquidity
  • Origin Protocol token buybacks
  • OGN market sentiment
  • Wider cryptocurrency market sentiment
  • The success of the Origin platform, Origin Story, and its NFT Launchpad
  • Competitor NFT-focused projects

 

What Is the Origin Protocol (OGN) Coin Price Prediction for 2030?

Although cryptocurrency prices are notoriously difficult to predict, there are several Origin Protocol (OGN) price predictions for 2030.

Binance predicts that the Origin Protocol (OGN) price could be $0.18 by 2030, CoinCodex estimates between $0.74 and $0.94, and CoinMarketCap is significantly more bullish with a 2030 prediction of$2.43.

 

How Is the Origin Protocol Network Secured?

As an Ethereum ERC-20 token, Origin Protocol (OGN) uses the Ethereum blockchain to process and secure transactions through Ethereum’s proof-of-stake (PoS) consensus mechanism.

 

Where Can You Buy Origin Protocol (OGN)?

OGN is widely traded and available on major cryptocurrency exchanges, including Coinbase, Binance, KuCoin, Kraken, and Bitfinex. It’s also available on the decentralized exchange Uniswap.

 

How Can You Store Origin Protocol (OGN)?

OGN can be stored in any wallet that supports Ethereum ERC-20 tokens. However, while using an exchange wallet or a hot wallet to store your Origin Protocol (OGN) may be the most convenient option, it is not the most secure, as it can leave you vulnerable to a hack. The safest place for long-term crypto storage is a cold storage, offline option, such as a Ledger hardware wallet.

 

FAQ

Is Origin Protocol a good investment?

The Origin Protocol shows promise in the DeFi and NFT space due to its innovative approach and focus on creating engaging NFT marketplaces, but the project is not without competitors and may rely on NFTs continuing to be popular.  Investors will decide if Origin Protocol (OGN) is a good investment based on thorough research, and as cryptocurrencies can be incredibly volatile and high-risk, investors should diversify their investments to mitigate their exposure.

 

How much is the Origin Protocol token?

Like all coins, the Origin Protocol (OGN) price is constantly in flux, depending on a variety of factors, from the performance of the cryptocurrency market in general to the success of the Origin Protocol specifically.

 

What is the max supply of OGN coins?

The supply of Origin Protocol (OGN) is capped at 1 billion tokens. Origin Protocol keeps back a strategic reserve of OGN tokens.

 

What is the future of OGN token?

The future of any cryptocurrency is very difficult to predict, in light of the many competing tokens and platforms, the high price volatility and under-regulation of cryptocurrencies. However, the future of Origin Protocol (OGN) looks promising, when the well-established investors, low transaction costs, extensive reward system and large, active community are taken into consideration.

 

Where can you buy the Origin token?

OGN is widely traded and available on major cryptocurrency exchanges, including Coinbase, Binance, KuCoin, Kraken, and Bitfinex. It’s also available on the decentralized exchange Uniswap.

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