We are ecstatic to announce that Binance, the world’s top global exchange by users and spot-trading volume, will be listing Origin Tokens (OGN) on January 8, 2020 at 7PM (United States PT), coinciding with the 1.0 launch of the Origin Platform.
Today, we are one step closer to achieving our mission of enabling true peer-to-peer commerce.
At Origin, we envision a future where global marketplaces exist without traditional middlemen, allowing buyers and sellers to transact with each other directly. The sharing economy alone is expected to reach $335B USD in bookings per year by 2025 and is ripe for disruption. Origin-powered peer-to-peer marketplaces are inevitable and offer the following advantages over traditional marketplaces:
Lower Fees: Buyers and sellers can typically share 20–30% in savings when middlemen are removed.
Better Incentives: Everyone can own a stake in the Origin network (by holding OGN) through referring new users, driving transactions, promoting listings, and building applications on the Platform.
Increased Access: Markets are accessible to the two billion people around the world that are currently unbanked.
Censorship Resilience: Peer-to-peer marketplaces are difficult to ban or shut down, enabling more free and open commerce.
After over a year in Mainnet Beta, we are releasing our 1.0 Platform on that will enable many different types of peer-to-peer marketplace and e-commerce applications in the future.
This past year, we’ve had tens of thousands of users use our flagship mobile applications and web DApp (decentralized application). Thousands of commercial transactions between buyers and sellers have been processed by the Origin Marketplace smart contract.
We’ve also launched multiple vertical marketplaces, including a gift card exchange, crypto art marketplace, video live-streaming app, and a crypto merchandise store. Our partners like Trips Community, ZoidShop, and HubrisOne have also launched partner apps on the Origin Platform. Most recently, we’ve launched a decentralized e-commerce store creator in addition to our Marketplace creator.
We’ve also distributed Origin Tokens (OGN) to 7,000 stakeholders that are now incentivized to promote and grow the network. If you’re not an OGN holder yet, you can earn your first tokens by signing up for Origin Rewards. You can earn OGN by verifying your profile, promoting Origin on social media, referring new users to the Platform, and making purchases on our apps.
To trade OGN, you will need to sign up for an account on www.binance.com and pass Binance’s AML (anti-money laundering) and KYC (know-your-customer) checks.
Currently, Origin Tokens (OGN) earned through Origin Rewards or purchased in our three fundraising rounds (Advisor, Strategic, and CoinList) have been locked for usage on the Origin Platform.
Immediately before our initial listing on Binance at 7PM on the 8th, your OGN will be unlocked and freely transferable. You will be able to deposit your OGN to your Binance deposit addresses at that time.
Binance has also published a detailed research report on Origin and OGN. We encourage all prospective token purchasers to read this research report.
If you have additional questions or need help with this process, please email us at [email protected].
At Origin, we are committed to building a successful platform that enables peer-to-peer commerce over the long-term. At the outset of the company, we elected to implement four-year vesting schedules (with one-year cliffs) for all our team members. As serial entrepreneurs and operators that have seen multiple successful outcomes, we wanted to borrow this best practice from traditional startups long before vesting schedules became more commonly used in the blockchain and cryptocurrency industries.
Today, we are doubling down on our commitment to build for the long-term. On top of our existing four-year vesting schedules, our team members will be locked up for an additional three months after our initial listing. Our advisors have agreed to extend the vesting of their tokens for twelve months after the same three-month lockup. Origin’s two co-founders, Matthew Liu and Josh Fraser, have elected to start new four-year unlock schedules beginning from the initial exchange listing date despite having already vested more than half of their tokens.
Previous token purchasers have also opted to extend their lockups from a previous 3-month release schedule to a revised 2-year release schedule.
The entire Origin team and investor base are aligned to act in the long-term interests of the project. The full token release schedule is modeled below.
Over the past 2.5 years, the Origin core team, over 170 open-source developers, dozens of volunteers (including community managers, translators, and influencers), 800+ investors, and over 100,000 broader community supporters and fans have been working hard to officially launch the Origin Platform and make Origin a success.
See investors like the founder of YouTube and partners of Pantera Capital speak about Origin
We are extremely thankful for everyone’s contributions and continued support. We are still in the early chapters of the Origin story. While our 1.0 Platform launch and initial listing on Binance are hugely important milestones, we expect to look back ten years from now to view these as just the precursors to much greater achievements and deeper social impact.
What we are working on is bigger than what our team alone can accomplish. The road ahead will be full of new obstacles, but we couldn’t be more excited to be working with our investors, partners, open-source developers, and community members to bring peer-to-peer commerce to the masses.
With deep gratitude,
The entire Origin team — Matt, Josh, Coleman, Yu Pan, Micah, Kay, Franck, Mila, Tom, Anna, Nick, Domen, Shahul, Zaur, Mike, Aure, Holly, June, Yeongin, and Leslie.
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