Origin Protocol is a platform on Ethereum that wants to simplify and facilitate the access to DeFi and NFT for the public. Created by Josh Fraser and Matthew Liu in 2017, Origin Protocol started out developing a decentralized e-commerce platform, then shifted to building DeFi and NFT products and gained considerable success. They have gained the interest of big investors like Pantera and Spartan, while joining hands with world-famous artists like 3LAU, Paris Hilton, and Lupe Fiasco. It is worth noting that the most successful NFT sale in the world was hosted by Origin Story, the NFT solution of Origin Protocol, raking in a total of $11.7 million.
Origin Protocol’s lineup of offerings are as follows:
- Origin Dollar (OUSD), the first stablecoin that generates yield just by holding in crypto wallets. OUSD is a USD-pegged stablecoin that is backed 100% by a basket of other common stablecoins such as DAI, USDT, and USDC. The governance token of OUSD is OGV.
- Origin Story, the NFT marketplace that makes it easy to create NFTs, customize storefronts, and interact with audiences. The platform has been used by Paris Hilton, 3LAU, Inspiration4 Mission by SpaceX, among others to raise funds and trade NFTs. The governance token of Origin Story is OGN.
OGN is the most important token of the Origin Protocol. Besides being the governance token for Origin Story, OGN can be used to stake and earn a portion of the Origin Story’s platform fee or to make transactions on the Origin Protocol.
The total supply of OGN is 1 billion.
The circulating supply of OGV is 507.4 million.
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