Orion Protocol (ORN)

ORION is a new kind of blockchain investment platform that combines the best features of exchanges, brokerages, and instant trading apps. The platform is built around a liquidity aggregator connected to all of the major crypto exchanges, as well as its own internal decentralized exchange, enabling users to gain the best price for their trades from a single portal. Along with powerful tools for portfolio management, ORION offers exceptional security, convenience, and flexibility. The platform is suitable for experienced traders, institutional investors, and newcomers alike.

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Interest lvl

Medium

Updated: Jul 16, 2021

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4.8/5 • 4 votes

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Ticker

ORN

Type

Utility-token

Token standard

ERC20

Launchpads

Daomaker

What is Orion Protocol

The Orion Protocol enables cross chain trading, omni-exchange accessibility, and liquidity.

ORION is a new kind of blockchain investment platform that combines the best features of exchanges, brokerages and instant trading apps. The platform is built around a liquidity aggregator connected to all major crypto exchanges, as well as its own internal decentralised exchange, enabling users to gain the best price for their trades from a single portal. Along with powerful tools for portfolio management, ORION therefore offers exceptional security, convenience and flexibility, and is suitable for experienced traders, institutional investors and newcomers alike.

The ORION platform is monetised by means of the ORN token, which is hosted on the Waves blockchain. Tokens equivalent to 50% of all ongoing ORION revenues will be burned to decrease supply and deliver value to holders.

The ORION Protocol will be an open source repository for dApps, making all of the platform’s functionality available to developers and businesses, enabling anyone to build powerful financial tools.

Overview

ORION is designed to meet a series of needs in the fast-growing crypto world by addressing a number of flaws in the efficiency and usability of current crypto exchanges.

The platform’s flagship liquidity aggregator engine is fundamental to this aim. The engine analyzes prices on a large number of crypto exchanges in order to fulfill customer orders, which can be split into several trades across different markets. This functionality is accessed from a single web or mobile portal with a convenient interface and powerful tools for more advanced traders, while allowing a single, unified fee for commission and withdrawals. Thus ORION combines the best features of an exchange, brokerage, and instant conversion service; and means that users only need to register with one website to benefit from potentially dozens of markets. Support for both investing in popular ICOs and launching custom ICOs will be included, with users engaging with these opportunities directly from their accounts and ORION providing the first exchange for the new tokens.

All economic activity on ORION directly or indirectly uses the ORN token. Trading fees and charges for other services like margin trading or advertising can be paid in ORN for a discount, or if paid in other currencies then are converted immediately to ORN. ORN will also be used to vote on platform upgrades and other features.

ORION is the first initiative to deploy such an innovative set of technologies within the user interface of a traditional crypto exchange, dramatically lowering the barrier to accessing the crypto markets, reducing costs, and streamlining the user experience far beyond anything currently available.