Review on Origin Protocol by David Olayide
The Origin Protocol Project
The blockchain technology is being filtered into almost all facets of human endeavors these days and commerce is not left out. This is possible due to the fact that blockchain technology is very versatile and has almost unlimited applications in various fields of practice. Origin Protocol is one of such project that aims to facilitate a commerce system that is powered by the blockchain. Through the Origin platform buyers and sellers of goods and services can connect together on the blockchain.
I tried to get more details about the goals of the Origin Protocol project and I found out that the company actually eliminates the middleman or third party intermediary that are common today, in order to reduce the amount of money spent on transaction charges and fees. The Origin platform powers a lot of different e-commerce or marketplace applications and has also released a couple of upgrades and features of it’s platform ever since it was put on the Ethereum mainnet in 2018.
The Origin Protocol has its own token called the Origin Token (OGN) which are ERC20 based. The OGN token is available on Huobi, Binance, Upbit and many other cryptocurrency exchange platforms. The current price falls on $0.384535 which is comparatively low, and there is a circulating supply of about 241,372,872. From the statistics I see, I have high hopes that OGN will someday become a cryptocurrency to be reckoned with. I hope that the crypto community takes notice of the project.
Pros
- The project powers a couple of e-commerce platforms tht connects buyers and sellers together
- It is built on the blockchain technology
- Eliminates the position of middleman or other intermediaries
- Cheaper transaction charges
- OGN token is ERC20 compliant and is available on Huobi and Binance
Cons
- OGN token has a comparatively low price
- The OGN token needs more exposure
