Origin Protocol Ico Review

Origin Protocol Ico Review – Platform for Decentralized Marketplaces

About Origin Protocol

Origin Protocol is building a platform that enables the creation of many decentralized marketplaces, allowing buyers and sellers to connect and transact directly on the blockchain. The company is building a set of protocols, developer libraries, and a decentralized application using the Ethereum blockchain and IPFS, with an initial focus on disrupting sharing economy marketplaces. Origin’s mission is to reduce or remove transaction fees, promote open and transparent commerce, redistribute value more fairly to buyers and sellers, and empower the 2 billion currently un-banked individuals around the world to participate in digital marketplaces.

Token Basic Information

Token NameOrigin Protocol
PlatformEthereum
Token TypeUtility
Token SymbolOrigin Token
MVP/PrototypeAvailable
CountryUSA
AcceptingUSD, ETH, BTC
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Problem

Origin Protocol is building a platform that enables the creation of many decentralized marketplaces, allowing buyers and sellers to connect and transact directly on the blockchain. The company is building a set of protocols, developer libraries, and a decentralized application using the Ethereum blockchain and IPFS, with an initial focus on disrupting sharing economy marketplaces.

Solution

Origin Protocol mission is to reduce or remove transaction fees, promote open and transparent commerce, redistribute value more fairly to buyers and sellers, and empower the 2 billion currently unbanked individuals around the world to participate in digital marketplaces.

Origin founders have experience running VC-backed companies 

  • Matt Liu was the 3rd PM at YouTube (acquired by Google) and VP PM at Qwiki (acquired by Yahoo) and Bonobos (acquired by Walmart). He has an MS and BS from Stanford.
  • Josh Fraser started coding at the age of 10. Prior to Origin, he co-founded three other venture-backed companies: EventVue, Torbit (acquired by Walmart Labs) & Forage.

Origin has raised over $35 million

  • Crypto funds like Pantera Capital, FBG, BlockTower, Smart Contract Japan and Hashed
  • Traditional VCs like Foundation Capital and KBW Ventures

Origin has also built an extremely talented team

  • Cuong Do:  early PayPal and YouTube engineer who went on to lead Dropbox’s engineering team in NYC
  • Franck Chastignol: early PayPal and YouTube engineer who went on to work at a startup that was acquired by Dropbox
  • Origin is an open-source project and does all of its development and communication out in the open as well as a public engineering meeting each week.

Video

Lower Fees

Centralized platforms for music and art often charge incredibly high fees, leaving the creators with a small fraction of the value generated and causing consumers to overpay for goods and experiences. Traditional payment processors also charge significant fees.Decentralized commerce reduces the power of middlemen and their ability to charge egregious fees. Both buyers and sellers can share in the savings. Origin Protocol OUSD, Origin provides an alternative to high cost payment rails. Ordinary people and businesses can reduce costs and benefit from superior yields provided by OUSD.

Better Incentives

Centralized platforms and financial institutions often have an antagonistic relationship with their customers. Fees are neccessary to make these companies successful. Origin Protocol creates a perverse relationship where customers have no stake in the success they help create.In contrast, Origin enables everyone to own a piece of the network. Fans and collectors can have a direct stake in the success of their favorite community with NFTs.

Yield generated by OUSD is distributed fairly to all holders. Holders of Origin Tokens (OGN) can participate in governance to decide the future rules and direction of the network and also have a stake in the success of Origin’s products. When everyone owns a piece of the network, everyone is incentivized to help it grow and succeed.

Increased Access

2 billion people around the world are currently unbanked. They do not have checking accounts, credit cards, AliPay, or Apple Pay. With the advent of cryptocurrencies and the proliferation of inexpensive smartphones, now is the time to enable the unbanked to participate in decentralized commerce and finance. Anyone with a crypto wallet can participate in the NFT economy. Users from all over the world are now able to access a stable currency with superior yields in OUSD.

More Resilience

Decentralized marketplaces promote open and free commerce. Unlike centralized alternatives, they are not single points of failure and can’t be banned or shut down. Decentralized commerce is more resilient and promotes efficient markets.Decentralized finance lets users take control of their money. Origin Protocol will be able to choose what assets to conduct business with and keep their savings in. Unlike in traditional centralized systems, funds cannot be seized and accounts cannot be shut down. DeFi is powered by smart contracts and code which minimizes the need for trust and limits human intervention and misadventure.

Team

Origin Protocol Ico Review - Platform for Decentralized Marketplaces