The Orion Protocol (ORN token) provides a suite of liquidity aggregation products from both CEX and DEX exchanges within a single interface, offering convenience to investors.
What is Orion Protocol (ORN token)?
Orion Protocol is an all-in-one platform that provides investors with comprehensive liquidity information from multiple cryptocurrency exchanges within a single decentralized protocol. The project was built in 2018 and officially launched in 2020 by Alexey Koloskov.
The goal of Orion Protocol is to address some of the key issues in decentralized finance (DeFi) such as complex trading processes and liquidity shortages on cryptocurrency exchanges. To achieve this, the project integrates the order book model of multiple exchanges into a single, user-friendly system, maximizing time, profits for investors, and reducing the risk of constant exchange switching.
On April 3rd, Lumia announced the conversion from the ORN token to the LUMIA token as per the community's desire. Previously, the Lumia project allowed investors to use ORN as a utility token. The official timeline has not been announced, but the platform stated that it will implement locking and conversion at a 1:1 ratio. This move came a few days after the platform implemented an update to fix UI/UX and backend issues, aiming to provide a smoother experience for users.
Products of Orion Protocol
Terminal
Orion Terminal is Orion's flagship product, featuring technology that aggregates liquidity from both centralized CEX exchanges and decentralized DEX exchanges. Investors can trade cryptocurrencies smoothly, safely, and affordably.
The product offers swap functionality, assisting users in quickly converting tokens. The platform supports over 250 popular tokens such as BTC, ETH, USDT, BNB, MATIC, ORN, XRP, DOGE, ADA, SOL, HOT, SHIB, NXRA, FLOKI...
Bridge
Orion's Bridge is a decentralized bridge that allows the trading of popular assets across different blockchains without being locked or experiencing significant delays. The product is integrated into the Terminal to support the process of decentralized liquidity creation and cross-chain trading.
Pool
Built on the model of Uniswap V2, this feature creates a convenient environment for traders to contribute, create liquidity pools, and customize their personal experience. By providing liquidity, stakers receive rewards from transaction fees to incentivize contribution to the development of the Orion ecosystem.
Widget
A widget is a utility application that can be integrated into any website or decentralized application (dApp). The product enables users to directly trade cryptocurrencies within a single interface, without requiring deep programming knowledge or consuming time with multiple complex steps.
Refer and earn program
The program creates an ideal environment for users and influencers to receive rewards for promoting Orion. By leveraging the power of media, the community utilizes the rapidly growing platform, engaging in vibrant social media activities. Some benefits of the program include:
VIP perks and early access: The introduction and rewards program offers privileges to VIP users and early investor groups. This ensures user trust and loyalty to the project.
How to participate:
Connect with Orion DAO on Telegram.
Promote the platform to followers through compelling content.
The project currently designates this program for certain individuals and groups to ensure effectiveness and reward management.
Referral rewards: Referrers receive commissions from transaction fees generated by their referrals.
Governance
Orion DAO manages and makes decisions impacting the platform's development. This is based on three criteria:
Community respect: The DAO model strengthens the project's power within the community, with all members playing crucial roles in guiding and developing the ecosystem.
Transparency and trustworthiness: With decentralization, all DAO decisions are publicly recorded on the blockchain, ensuring accountability and creating a transparent, fair environment for all investors.
Innovation: Learning from failures, the development team quickly rectifies mistakes, encourages innovation, and allows employees to propose improvements and individual creativity.
Direct factors influencing DAO include:
Financial team: Providing access to liquidity from exchanges by staking ORN tokens as collateral, ensuring safe and efficient trading.
Contribution team: Staking ORN tokens in the financial team to protect liquidity networks and earn rewards.
Proposal submitter: Proposing ideas for DAO consideration.
Governance lead: Optimizing the proposal and voting process.
Developer or technician: Responsible for the technical aspects of the DAO.
Strategic expert: Focused on the DAO's token model.
Ambassador: Representing Orion DAO in communication efforts.
Community manager: Bridging communication between Orion DAO and the community.
Treasurer: Managing DAO funds.
Legal advisor: Providing guidance on legal matters.
Ecosystem developers and partners: Building relationships with other projects.
Content creators or media personnel: Producing content to engage the community.
Research analysts: Conducting research on various DAO-related topics.
Utilization of the ORN token
ORN is the utility token of the Orion Protocol ecosystem, established as an ERC-20 standard token from Ethereum. Some uses of the ORN token include:
Reduced transaction fees: Users utilizing ORN tokens for staking incur lower fees, thereby enhancing investment capital efficiency.
Payment: ORN tokens can be used as payment for all applications, products, and services within the ecosystem.
Premium features of the Origin Protocol: ORN token holders have the right to unlock premium features and services of the Origin Protocol.
Tokenomics
Token name: Orion
Symbol: ORN
Standard: ERC-20
Contract: 0x0258F474786DdFd37ABCE6df6BBb1Dd5dfC4434a
Blockchain: Ethereum
Total token supply: 92,631,255 ORN
Maximum token supply: 100,000,000 ORN
Self-reported circulating supply: 34,146,255 ORN
Price fluctuation and exchange platforms
ORN token is currently trading at $2.23, up by 10.96% in one month. According to CoinMarketCap data, the project's market capitalization is $76,083,6454, with a 24-hour trading volume of $9,715,854.
Investors can purchase ORN tokens on trading platforms such as Binance, Coinbase, KuCoin, Bitget, MEXC...
Roadmap
Orion plans to develop with the following four criteria:
Direction in DeFi: The project aims to lead in the decentralized finance (DeFi) sector by connecting and introducing all types of liquidity to the community. The ORN token is a crucial element in the ecosystem, playing a central role in this mission.
Focus on product suite: The development team is focused on refining and improving Orion's product suite, including the Orion Terminal, Orion Widget, and Orion iOS.
Building liquidity network: In addition to product suite enhancements, the platform actively develops its liquidity network to integrate liquidity solutions into partner projects, expanding utility and scope within the Web3 ecosystem.
Community engagement: The leadership team highly values and strives to implement community feedback contributions.
Link
Website: https://orion.xyz/
X/Twitter: https://twitter.com/TradeOnOrion
Telegram: https://t.me/orion_community
Conclusion
Orion Protocol brings a breakthrough, innovative approach to cryptocurrency trading. With products like the Orion Terminal, Orion Pools, and Orion Widget, the development team promises to create a flexible and secure ecosystem for end-users and developers alike. High security capabilities are a key factor driving the platform's current development. However, investors need to carefully research before participating in the project.
