Origin Protocol (OGN) is a decentralized platform that offers a suite of DeFi products, including liquid staking, stablecoins, and automated redemption management. The OGN token serves as both a value accrual and governance token, allowing holders to participate in decision-making and earn rewards from the platform's various products. It is built on the Ethereum blockchain and aims to increase economic opportunities through its multichain yield ecosystem.
Origin Protocol (OGN) is a cryptocurrency that serves as the native utility token for the Origin platform. It has several use cases:
Incentive Systems: OGN is used to power incentive systems within the Origin ecosystem, encouraging participation and engagement.
Payments: OGN can be used as a means of payment for transactions within the platform.
Staking and Governance: OGN holders can stake their tokens to participate in governance and earn rewards. This allows them to have a say in the future of the platform and make proposals.
Revenue Distribution: Revenues generated by the Origin Story platform are distributed to OGN holders who stake their tokens, providing a passive income stream.
NFT Marketplace: OGN is used in the Origin NFT Launchpad, which enables creators to mint and sell NFTs without requiring blockchain development knowledge.
Yield Farming: OGN holders can participate in yield farming through Origin Dollar (OUSD), a stablecoin that generates interest through lending, minting growth tokens, and use at Automated Market Makers (AMMs).
These use cases make OGN a versatile token that supports various aspects of the Origin Protocol ecosystem.
To store Origin Protocol (OGN) tokens, you can use various wallets that support ERC-20 tokens. Here are some options:
MetaMask: You can add OGN to MetaMask by searching for "OGN" and clicking "Add" if it is not already listed. This will allow you to view and manage your OGN tokens within the wallet.
Trust Wallet: Similarly, you can add OGN to Trust Wallet by tapping the green (+) button and searching for "OGN" to add support for OGN tokens.
Coinbase Wallet: OGN is supported by Coinbase Wallet, which means you can view and manage your OGN tokens within the wallet.
Hardware Wallets: For hardware wallets that do not have built-in support for OGN, you can connect them with MyEtherWallet, MyCrypto, or MetaMask to view your OGN token balance.
Origin's Mobile App: The Origin Marketplace app supports OGN at the application level. You can view your OGN balance or wallet address by tapping on the wallet tab on the bottom of your screen.
Other ERC-20 Compatible Wallets: Any wallet that supports ERC-20 tokens can be used to store OGN tokens, including imToken and others.
Remember to always use the official smart contract address for OGN (0x8207c1FfC5B6804F6024322CcF34F29c3541Ae26) to ensure the authenticity of your tokens.
To buy Origin Protocol (OGN) tokens, you can follow these steps:
Create an account:
- On Binance, sign up via the website or app and verify your identification.
- On Coinbase, download the app and start the sign-up process, which includes verifying your ID and proof of address.
- On Kriptomat, sign up with Google, Apple, or enter your name and email, and then verify your email, phone number, and identity.
Add a payment method:
- On Binance, you can use a credit card, debit card, or bank deposit to add funds.
- On Coinbase, connect a payment method such as a bank account, debit card, or initiate a wire transfer.
- On Kriptomat, add funds via a bank deposit or credit card.
Select Origin Protocol:
- On Binance, navigate to the "Buy Crypto" section and select Origin Protocol (OGN).
- On Coinbase, search for Origin Token in the search bar and select it from the results.
- On Kriptomat, click on the icon and select "Buy" to choose Origin Protocol from the list of cryptocurrencies.
- Enter the amount and confirm:
- On Binance, enter the amount you want to buy and confirm the transaction.
- On Coinbase, enter the amount you want to spend in your local currency, preview the purchase, and confirm.
- On Kriptomat, enter the amount, preview the transaction, and confirm your purchase.
After completing these steps, you will have successfully bought Origin Protocol (OGN) tokens.