When was the Origin Token (OGN) currency issued?

OGN, the cryptocurrency for the Origin Protocol, was officially introduced to the market on November 30, 2017.

Nov 29, 2024 at 10:55 am

When was the Origin Token (OGN) currency issued?

Origin Token (OGN) was issued on November 30, 2017.

Origin Token (OGN) Overview

Origin Token (OGN) is a cryptocurrency and utility token that powers the Origin Protocol, a decentralized platform for buying and selling goods and services online. OGN is used to facilitate transactions on the Origin Protocol, as well as to reward users for participating in the network.

Origin of Origin Token (OGN)

The Origin Protocol was founded in 2017 by Josh Fraser and Matthew Liu. The two entrepreneurs had previously worked together at Google, where they helped to develop the company's mobile advertising platform. Fraser and Liu left Google in 2017 to start Origin Protocol, with the goal of creating a more open and efficient way to buy and sell goods and services online.

OGN Tokenomics

OGN is a utility token that is used to facilitate transactions on the Origin Protocol. OGN is also used to reward users for participating in the network, such as by providing liquidity to the network or by running a node.

The total supply of OGN is 1 billion tokens. Of this amount, 50% was distributed to the Origin team and investors, 25% was allocated to the Origin Foundation, and 25% was reserved for future distribution.

OGN Use Cases

OGN has a variety of use cases within the Origin Protocol, including:

• Transaction fees: OGN is used to pay transaction fees on the Origin Protocol. This helps to ensure that the network remains secure and efficient.
• Rewards: OGN is used to reward users for participating in the Origin Protocol, such as by providing liquidity to the network or by running a node. This helps to incentivize users to support the network.
• Governance: OGN is used to govern the Origin Protocol. OGN holders can vote on proposals that affect the future of the network. This helps to ensure that the network remains decentralized and responsive to the needs of its users.

OGN Price History

The price of OGN has fluctuated significantly since its launch in 2017. The token reached an all-time high of $0.80 in January 2018, but then fell sharply during the cryptocurrency market downturn in 2018 and 2019. OGN has since recovered somewhat, and is currently trading at around $0.10.

OGN Market Caps

$230,000,000 USD

OGN Trading Volume

$3,507,069 USD

Conclusion

OGN is a utility token that powers the Origin Protocol, a decentralized platform for buying and selling goods and services online. OGN is used to facilitate transactions on the Origin Protocol, as well as to reward users for participating in the network. The price of OGN has fluctuated significantly since its launch in 2017, but the token has since recovered somewhat and is currently trading at around $0.10.