Every month, the Origin team publishes a monthly update to our token holders and broader community. Welcome to the September 2021 edition. We are eager to hear feedback and suggestions from our community.
September was another exciting month for Origin. Continued progress was made on Origin Dollar’s integration into Curve.fi and we broke NFT records yet again as the result of an exciting collaboration between ourselves, Polygon, and Inspiration4 for SpaceX’s recent Falcon 9 launch. We also announced a crossover partnership with C.R.E.A.M Finance that integrates DeFi with NFTs and announced a major exchange listing for OGN.
One of the most exciting developments for Origin in the month of September was our partnership with Polygon and subsequent NFT launch with Inspiration4 for the successful Falcon 9 rocket launch by SpaceX. SpaceX is of course led by Elon Musk, a crypto fan and a co-founder of PayPal alongside our founding engineer, Yu Pan.
All of the NFT sales proceeds go to St. Jude Children’s Research Hospital®. We sold 63,148 of individual NFTs, smashing the previous record. We were able to sell so many NFTs in part because of the extremely low gas costs for minting NFTs on Polygon, a leading layer 2 solution for Ethereum. Our partnership with Polygon, alongside our support for credit card payments, will allow us to target mainstream audiences with NFTs instead of only serving whales and a niche audience.
We also partnered with C.R.E.A.M Finance for an NFT giveaway for OGN borrowers and lenders. The NFTs are from Heroes of Evermore, the first text-based NFT-MUD (Multi-User Dungeon) adventure game. We are working with C.R.E.A.M to bridge NFTs, DeFi, and the Metaverse and look forward to building out cool new stuff with them.
We continue to make progress on OUSD’s integration into Curve.fi, one of the largest DEXes by volume and the leading platform for stablecoin swaps in DeFi. Our CRV gauge is now turned on and we are testing OGN rewards for liquidity providers. The next step for us is to become whitelisted on Andre Cronje’s voting incentive or bribe tool and to begin our liquidity mining campaign. There are a lot of moving parts and DeFi governance is very complex, but we are close to the finish line for this extremely impactful integration.
Cover Protocol, which offered coverage or insurance for OUSD, has decided to shut down. You can still purchase coverage for OUSD on Nexus Mutual, by far the leading coverage provider for DeFi, and we are working on expanding coverage options and deepening our partnership with them.
Our token OGN was listed on CoinList. We had previously conducted part of our fundraising on their industry-leading platform.
We have made some updates to our token dashboard. Currently there are 88,126,977 OGN tokens staked. This is nearly 25% of the entire circulating supply of OGN, showing strong belief in OGN from our holders.
Circulating supply is currently at 355M compared to a projected 412M tokens. The circulating supply number includes the millions of OGN 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.
Previously we held open meetings for OUSD and DeFi updates on our Discord server at 11 AM Pacific Time every Monday. We have now opened that meeting up to include NFT related updates. We would love to see you join and participate!
We are still looking for an experienced Product Manager for our NFT Launchpad, a Social Media Manager, a Full-stack Engineer, a Senior Growth / Marketing Engineer, and a Senior Solidity Engineer. Check out our job postings, and come join us or refer your friends!
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