Origin Token logo

Origin Token

OGN

Price
$0.11
12/1/2022, 8:56:47 PM
diamondHands

Trade Origin Token today

Create a Coinbase account to buy and sell Origin Token on the most secure crypto exchange.

Market

Market stats

Market cap

$53.6M

Volume (24h)

$9.6M

Circulating supply

509.0M OGN

Typical hold time

24 days

Trading activity

Not enough data

Popularity

#128

All time high

$3.39

Price change (1h)

-0.08%

Price change (24h)

-1.67%

Price change (7d)

+3.39%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

Origin Token is on the rise this week.

The price of Origin Token has risen by 3.39% in the past 7 days. The price declined by 1.67% in the last 24 hours. In just the past hour, the price shrunk by 0.08%. The current price is $0.11 per OGN. Origin Token is 96.89% below the all time high of $3.39.

The current circulating supply is 508,976,740.457 OGN.

About

Origin Token (OGN) is an Ethereum token that powers the Origin platform, which aims to power decentralized and peer-to-peer marketplaces. OGN can be used for staking, governance, and advertising on the Origin platform.

What Is Origin Protocol (OGN)?

Trading under OGN, the Origin Protocol is an Ethereum-based platform that aims to bring non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses. The platform is open-source and seeks to power decentralized and peer-to-peer marketplaces. As per the whitepaper, Origin Protocol facilitates a global network that allows traders across the world to transact on the open web. In simpler terms, the Origin blockchain is a platform to build a decentralized marketplace.

Today, almost $40 billion of value is poured into various DeFi protocols. But interacting with DeFi protocols is complex and cumbersome and requires a sophisticated user. Mainstream consumers like small businesses, retailers, merchants, etc. have very little knowledge of these financial protocols and, therefore, cannot participate in them. To take an edge, the Origin Protocol was built to realize this opportunity. They believe that decentralized finance, especially in the NFT vertical, can unlock billions of dollars and bring crypto to mainstream consumers.

Running on Ethereum, the Origin platform solves bothersome blockchain issues by providing regular incentives to consumers. As per the website, the platform also offers other benefits:

  • Lower Fees: The platform being decentralized reduces the power of intermediaries, thereby reducing the overall cost.

  • Better Incentives: The platform enables its users to own a piece of the network, and the holders of the token are incentivized to help the platform grow and succeed.

  • Increased Access: With 2 billion people around the world unbanked, the platform enables them to participate in decentralized finance and commerce.

  • More Resilience: The platform is open and accessible, and unlike other centralized platforms, there is no single point of failure.

Talking about the platform’s products, they can be divided into three main components:

  • Origin NFT Launchpad: By realizing that NFTs are the new asset class, Origin has sought to create an online shopping platform exclusively for NFTs. Here, creators and influencers can have more control over the pricing and branding of the products they launch. On the platform, users can purchase NFTs using credit or debit cards rather than just using cryptocurrencies.

  • Origin Dollar (OUSD): This is an Ethereum-based stablecoin that aims to hold its value equal to $1. This is a one-of-a-kind stablecoin that earns a passive income while sitting in the wallet.

  • Origin Token (OGN): This is an Ethereum-based token that powers the Origin platform. OGN is an ERC20 standard token and also serves as the platform’s cryptocurrency. The token is used in the basic transactional activities on the platform. Further, OGN also works as a governance token, and the holders of the token can create and vote on the proposals made for the platform’s growth. 

History of Origin Protocol

Launched in 2017, the Origin Protocol was cofounded by Josh Fraser and Matthew Liu

Fraser is an experienced entrepreneur and formerly worked as CTO at Eventue, a social networking platform.

Liu is a software engineer and holds ample experience in the blockchain industry. Formerly he has worked as a product manager at YouTube.

The two were later joined by the famous engineer Yu Pan. Pan was the cofounder of PayPal alongside Elon Musk and was the first employee at YouTube.

Origin Network is headquartered in San Francisco, with more than 800 investors funding the project worldwide. The network has the backing of investors like Pantera Capital, Blockchain.com, Foundation Capitals, and more.

In its initial coin offering (ICO) in September 2108, the project managed to raise $38 million. Origin launched its preliminary version on Ethereum in October 2018 and has constantly upgraded the features since then.

How Are Origin Protocol (OGN) Tokens Earned?

Users can earn OGN as rewards by staking their tokens and providing liquidity to the platform. The users can claim their OGN principle tokens along with interest earned at the end of the staking period.

As per the official staking dashboard, there are currently three lock-up plans to stake OGN tokens. The first one is for thirty days and offers an annualized yield of 7.5%. The second option is to lock the tokens for ninety days and provides a 12.5% annualized yield. The final plan is a 365-day yearly plan. The yearly plan offers the highest annualized yield of 25%.

How Many OGN Tokens Are There?

The total supply of OGN tokens is one billion.

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Origin Token in market cap.

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

FAQ

What is the current price of Origin Token?

The price of 1 Origin Token currently costs $0.11.

What is the market cap of Origin Token?

The current market cap of Origin Token is $53.62M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Origin Token?

The all-time high of Origin Token is $3.39. This all-time high is highest price paid for Origin Token since it was launched.

What is the 24 hour trading volume of Origin Token?

Over the last 24 hours, the trading volume of Origin Token is $9.57M.

What other assets are similar to Origin Token?

Assets that have a similar market cap to Origin Token include Chrono.tech, inSure DeFi, MAGIC, and many others. To see a full list, see our comparable market cap assets.

How many Origin Token are there?

The current circulating supply of Origin Token is 509 million.

What is the typical holding time of Origin Token?

The median time that Coinbase customers hold Origin Token before selling it or sending it to another account or address is 24 days.

What is the relative popularity of Origin Token?

Origin Token ranks 82 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Origin Token?

Currently, 61% of Coinbase users are buying Origin Token. In other words, 61% of Coinbase customers have increased their net position in Origin Token over the past 24 hours through trading.