Thanks to the internet, a lot of digitized marketplaces have successfully grown to become billion-dollar worldwide companies. The likes of Fiverr, Uber, Airbnb, among others, have made it possible for just about anyone around the world to monetize their excessive time, skill, or space. Unfortunately, the reality is that these platforms cost millions and billions of dollars to grow globally. This has created a high barrier to entry for other potential companies.
Today, blockchain experts and investors are trying to replicate the business models of these companies albeit using blockchain as the underlying technology. Origin Protocol was created to solve some of the existing issues that plague digitized marketplaces. They provide a decentralized marketplace where users, developers, and businesses, are capable of transacting on goods and services using a P2P model. In this article, we’ll decrypt what Origin Protocol is, some of its key features, and benefits that can be derived from it.
Origin Protocol is an NFT Platform planning to improve the ownerships of creators. This DeFi project has OUSD as stablecoin and OGN staking. Origin Protocol is aimed at bringing DeFi and NFTs to the masses. The mission is to develop unique blockchain-enabled e-commerce and finance solutions resulting in meaningful use cases.
According to Origin Protocol’s litepaper, online marketplaces are experiencing issues such as unfair transaction fees, centralization issues, less drive for innovation, and lack of transparency. However, through the creation of a decentralized and incentivized platform that facilitates business between buyers and sellers, all these issues can be solved.
OGN is Origin Protocol’s ERC20 native token that runs the platform. Origin users can utilize it for advertising, staking, or governance. The OGN token requires 35 network confirmations throughout its transaction. According to Coinbase, the minimum amount of Origin Protocol coins you can withdraw is set at 15.26. The maximum amount of OGN coins that you can withdraw to your external wallet is set at 137,500 coins.
At the time of writing, Origin Protocol coin price stands at $1.07 with a CoinMarketCap ranking of 148. The 24-hour trading volume is at $46,027,371 with a market cap of $375,076,648. The total number of OGN tokens in circulation is 351,209,135. Unfortunately, the total supply amount remains unknown. If you wish to purchase OGN coin, you can find it on exchanges that support its trade. Some of these exchanges include Global, Coinbase, Bitz, Huobi, and BinanceUpbit. You can earn more OGN tokens by simply trading the coin or participating in the network’s referral program.
OGN wants to create a decentralized P2P network between traders to ensure that the following benefits are achieved:
Traditional centralized platforms have always charged high fees for access to goods and services such as art or music. This had led to consumers being overcharged and creators earning only a fraction of the value generated from their creations. However, through a decentralized e-commerce platform, middlemen can be removed from the equation, thus lowering the egregious fees charged to buyers. Ultimately, this can allow individuals and businesses to reduce their costs and enjoy high yields.
Unlike centralized platforms where customers are forced to pay high fees without a stake in the success they help create, Origin enables everyone on the network to own a piece of it. Additionally, OGN holders can participate in network governance and deciding the future and direction of Origin and its products. The idea is that if everyone owns a piece of the network, everyone will be incentivized to help it grow and succeed.
More than 2 billion people around the world have no access to banking services. They don’t have any checking accounts or even credit or debit cards. However, through the Origin platform, anyone with a crypto wallet can participate in the NFT economy and access OGN tokens.
There are a lot of features that users can appreciate about Origin Protocol. To start, all the special features utilized by Origin are absolutely free. Therefore, transaction or commission fees remain zero, creating an e-commerce platform that’s free and easy to use, unlike a majority of similar platforms.
Additionally, the team behind Origin consists of successful professionals with years of experience and accomplishments in their respective business fields. Everything starting from their litepaper is user-friendly and in great detail. Lastly, Origin has over 40 partnerships including Google Cloud and Amazon and approximately 800 investors. During their ICO, they were able to raise about $38 million.
Swapzone is the best OGN exchange aggregator in the market today. Through Swapzone, you get the best OGN exchange rates from top crypto exchanges. If you want to exchange OGN crypto on Swapzone, here’s a step-by-step guide:
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.