Every month, the Origin team publishes a monthly update to our token holders and broader community. Welcome to the June 2021 edition. We are eager to hear feedback and suggestions from our community.
It’s been another great month for Origin as we continue to make progress on all fronts. One of the largest personal finance apps in the world made OGN available for purchase and trading. Paris Hilton, the original influencer, joined Origin as an advisor and investor. OGN was listed on more important exchanges and we also announced that Origin is going to the moon with NFTs!
We were thrilled to learn that we were one of the few crypto assets listed on Revolut. Revolut is a financial super app which boasts tens of millions of customers across dozens of countries, who collectively make more than 100 million transactions each month. Revolut is a do-it-all personal finance app that has a very strong user base in the UK and Europe. They’ve helped onboard many new users to crypto much in the same way that Robinhood has done in the US. This represents a large step forward in mainstream adoption of OGN and our products.
Leading Turkish exchange Paribu and leading Indonesian exchange Indodax also listed OGN this past month. Both of these exchanges serve countries where crypto adoption is exploding. OGN being listed on easy-to-use exchanges with local fiat on-ramps is extremely important for adoption. We are very proud of our Turkish and Indonesian communities.
Paris Hilton arguably invented the concept of an influencer and has had a profound impact on popular culture, the arrival of the creator economy, and business as a whole. She has built a multi-billion dollar empire across countless fashion, beauty, media and entertainment, e-commerce and retail, and investment businesses. Paris has already had a huge influence on how we think about the NFT space and we are sure that having her onboard as an advisor and investor will reap extreme dividends for us
Despite yields in DeFi falling across the board, OUSD was able to maintain a double-digit APY for the majority of June. OUSD still offers the simplest and easiest way to get exposure to the best yields in DeFi. Insurance coverage for OUSD is available on Nexus Mutual and Cover Protocol and our users report they are happy with the very premiums.
June saw one of the largest OGN buybacks we have ever conducted. Origin used NFT sales revenue to purchase $1,304,284 worth of OGN on the open market.
June saw little change in OGN staking numbers from May. Almost 110 million OGN have been removed from circulation, an amount equivalent to over 35% of the listed circulating supply or 52% of the true circulating supply.
Circulating supply is currently at 308M compared to a projected 360M tokens. The circulating supply number includes the 110M that is currently staked in our staking program, reducing the actual float further.
To this date, no OGN tokens have ever been sold by either Origin co-founder. They have no plans on selling any OGN any time soon.
With all the craziness going on in the world over the past year and a half, we were extremely thankful to attend Bitcoin 2021 in Miami and see our friends, investors, community members, and NFT collaborators in person. The energy in Miami was incredible and we were thrilled to see NFTs take center stage at what was supposedly a Bitcoin conference. This wasn’t surprising since Miami is one of the most creative cities in the world, hosting conferences like Art Basel. Miami has also become a center of crypto activity under the leadership of a HODLer mayor.
Team Origin with Paris Hilton, Origin’s Advisor & Investor at OGN VIP Event in Miami
We were thrilled to catch up with 3LAU and Jake Paul in person, both highly influential and well-known creators in the space who had record-breaking drops on our NFT Launchpad. We also developed a deeper relationship with some of the top NFT creators like Ali Sabet, Gabe Weis, and NessGraphics, who gave us fresh perspectives into key features that artists are looking for when partnering with a tech platform. Without these artists, the industry simply cannot move forward, and we cannot thank them enough for their lasting contribution and passion for bringing NFTs to the masses. Special shoutout to Paris Hilton who joined us at our VIP event as we celebrated the evening with some of the top influencers in the space. Lastly, we’d like to thank our good friends and investors, Pantera Capital and Blockchain.com, who have shown us support throughout the trip and our journey since the beginning.
As part of our effort to make Origin more accessible to people all over the world, this month saw us launch several community-run regional channels on Telegram. Below is a list of the new channels:
Native speakers wanting to get involved are encouraged to join the channels and become active participants. OGN grants, merch and other perks are available to those willing to help grow the community.
It’s been a while since we’ve hosted an AMA of our own, so this Tuesday, July 6th at 6PM PDT, Origin will be hosting a Twitter Spaces event with co-founder Matthew Liu to answer all your questions.
You can sign-up for the event on Twitter here.
To submit a question for Matt to answer, please visit the following thread on the official Origin Protocol subreddit. Questions will be prioritized based on the number of up-votes they receive, so be sure to engage with other questions you feel are valuable.
We are still looking for an experienced Senior Growth / Marketing Engineer and a Senior Solidity Engineer. Check out our job postings, and come join us or refer your friends!
Learn more about Origin:
