Orion Protocol (ORN) is an open-source, decentralized blockchain platform that aggregates liquidity from centralized and decentralized exchanges, providing users with the best trading rates and lowest fees. It operates as a non-custodial platform, ensuring users maintain control over their assets. The native ORN token plays a crucial role in the platform's governance and staking mechanisms, offering exclusive benefits to holders. Orion Protocol offers a suite of features, including portfolio management, trading terminals, and liquidity boost, making it a comprehensive solution for traders and crypto users.
The Orion Protocol (ORN) is a chain-agnostic liquidity aggregator that provides users with access to the entire crypto market from a single, convenient trading portal. The native ORN token plays a crucial role in the platform's governance via the proprietary Delegated Proof of Broker (DPoB) consensus mechanism. This mechanism functions as a decentralized brokerage, allowing ORN token holders to participate in Orion staking and earn compounding ORN token rewards.
ORN tokens are used for several purposes within the ecosystem:
Staking: ORN tokens are staked to participate in the DPoB consensus mechanism, which enables users to earn passive income and contribute to the platform's governance.
Transaction Fees: ORN tokens are used to pay for transaction fees on the platform, making it a necessary component for trading activities.
Unlocking Premium Features: Holding ORN tokens unlocks additional premium features on the platform, enhancing the overall trading experience.
Brokerage: ORN tokens are involved in brokerage within the Orion ecosystem, generating network fees and operational profits.
Governance: ORN token holders have governance rights, allowing them to participate in decision-making processes that shape the platform's future.
In summary, the ORN token is essential for staking, transaction fees, unlocking premium features, brokerage, and governance within the Orion Protocol ecosystem.
To store Orion Protocol (ORN) tokens, you can use various wallets that support the token. Here are some options:
Atomic Wallet: This wallet allows you to manage your ORN tokens along with other cryptocurrencies like Ethereum, XRP, Litecoin, and XLM. It is trusted by over 5 million users worldwide and offers features like private key encryption and 24/7 online support.
MetaMask: MetaMask is another popular option for storing ORN tokens. It allows users to securely store, send, and receive ORN, and can be used in conjunction with hardware wallets like Ledger and Trezor.
Exodus: As an ERC-20 token, ORN can also be stored in software wallets like Exodus.
- Hardware Wallets: Ledger and Trezor can also be used to store ORN tokens, although you would need to use MetaMask to view and manage them.
It is essential to choose a wallet that fits your needs and ensures the security of your tokens.
To buy Orion Protocol (ORN) tokens, you can follow these steps:
Create an Account:
- Pionex: Register on the Pionex website or mobile app and pass the KYC verification.
- KuCoin: Sign up on KuCoin with your email address, mobile phone number, and country of residence, and create a strong password.
- Coinbase: Download the Coinbase app and start the sign-up process, which includes verifying your ID and adding a payment method.
- Kriptomat: Sign up with Google, Apple, or enter your name and email, then verify your email, phone number, and identity.
Add Funds:
- Pionex: Use credit card, debit card, bank wire, or ACH transfer to add funds.
- KuCoin: Add a credit/debit card or bank account after verifying your account.
- Coinbase: Connect a payment method such as a bank account, debit card, or initiate a wire transfer.
- Kriptomat: Make a bank deposit or use your credit card to add funds.
Buy Orion Protocol:
- Pionex: Choose your preferred method to buy ORN, such as credit card, debit card, bank wire, or ACH transfer.
- KuCoin: Transfer your crypto to a KuCoin Trading Account and place an order to exchange your existing crypto for Orion Protocol (ORN).
- Coinbase: Select Orion Protocol from the list of assets, enter the amount you want to buy, and finalize your purchase.
- Kriptomat: Click on the Kriptomat icon, select "Buy," choose Orion Protocol, enter the amount, preview the transaction, and confirm your purchase.