Every month, the Origin team publishes a monthly update to our token holders and broader community. Welcome to the June 2020 edition.
As Q2 comes to a close, we’re pleased to recap a month that was filled with significant achievements on both the product and business fronts.
Huobi Global, one of the top cryptocurrency exchanges globally, chose Origin for its first listing of 2020. Huobi had been on a listing hiatus since November of last year, so we were especially excited to be their inaugural listing of the year.
Recently, we announced that 8 new partners had signed on and launched their decentralized storefronts on our Dshop platform. Our first cohort of partners on Dshop is composed of some of the top names in our industry. We’re looking forward to onboarding more household names in blockchain as well as a more diverse set of partners in Q3.
We grew our number of paying users and GMV in Origin Deals by three-fold this month. The Beta is giving us a lot of data to continually improve the product and prepare for a public launch.
In an effort to continue our tradition of being highly transparent with our community, we released our Origin Token Dashboard. This allows token holders to check up stats regarding OGN in real-time.
We are focused on significantly increasing our product traction in Q3 and are very excited about our upcoming roadmap.
Kyber, Ternio, Zerion, and several others joined Brave and Contentos as early adopters of Dshop this quarter. Each of these partners are now able to sell products on stores hosted completely on IPFS and Ethereum.
At Origin, we think about driving adoption in orders of magnitude. To start, we focused on prototyping a single Dshop to showcase the flexibility of our decentralized e-commerce platform. Next, we spent significant time acquiring our next 10 customers. This involved a lot of manual provisioning and handholding before we could successfully deploy these stores. Looking forward, we will be focusing on growing the number of Dshops from 10 to 100 and then to 1000 stores. We have several exciting upcoming launches to push us towards these next milestones.
In mid-June, we partnered with Huobi to bring OGN to a broad base of new token holders and traders. OGN was listed on both the main Huobi Global exchange and Huobi Korea. The response from both Huobi and Origin community members was overwhelmingly positive. This is not surprising as Huobi nearly matches Binance in trading volume and is one of the most dominant exchanges in Asia and globally.
Source: Blockfyre research (using CoinMarketCap data)
As part of the listing, we also collaborated with Huobi on several rewards program for our loyal token holders. The OGN Net Increase competition rewarded 400 traders. A full list of winners can be found at the end of this official post from Huobi.
The OGN Holder Airdrop will reward Huobi traders that HODL OGN over a two-month period (July 1, 2020 to August 31, 2020). 500,000 OGN will be rewarded to OGN Holder participants.
We encourage everyone to register and then participate. OGN payouts will have yields comparable to our future staking programs.
We also conducted two AMAs with their global and Turkish communities. A transcript of the global AMA can be found here.
Our objective is to always keep our circulating supply lower than our originally projected supply. The circulating supply at time of writing is 74,395,115 OGN. This is close to 29% less than the projected supply of 104M tokens.
Sign up on our mailing list on our website to get the latest updates about our circulating supply and announcements related to OGN.
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