What is Orion Protocol? Orion Protocol is a blockchain project that works as a liquidity aggregator among crypto exchanges. In this article, you can access answers to frequently asked questions such as what is the Orion Protocol, what it offers, what is ORN coin, how to get it, what is it used for. As Kriptokoin.com, we have prepared the project for our readers who are curious.
What is Orion Protocol?
Orion Protocol is a decentralized blockchain platform that works as a liquidity aggregator for centralized exchanges (CEX) and decentralized exchanges (DEX). The platform is designed to offer its users the best rates among crypto exchanges. The native cryptocurrency of the platform built on the Ethereum Blockchain is ORN coin.
Founded in 2018 and launched in 2020, the project set out to solve some existing problems in the field of decentralized finance (DeFi). Working through order book technology, the protocol collects liquidity from various exchanges and offers them to its users so that users can reach the best rates and lowest trading fees.
The protocol aims to solve the lack of liquidity in crypto exchanges and enable users to profit more easily. The Orion platform offers transaction fee discounts for users who want to avoid the high transaction fees of the Ethereum blockchain. It also provides a liquidity boosting plugin for crypto exchanges, widgets for corporate businesses, and a toolkit that allows all users to launch DEX within blockchains. Users can automatically manage their assets thanks to the portfolio management application of the protocol.
What is ORN coin? What is it used for?
ORN coin is a token that works as the native cryptocurrency of the Orion Protocol project. The token was created via the ERC-20 smart contract on Ethereum. The maximum supply of the token is capped at 100 million. Cryptocurrency has various use cases within the Orion ecosystem.
Users can pay the transaction fee for their transactions on the protocol via ORN coin. Transaction fees paid with ORN are discounted. Working as a service token, ORN can also be used in services offered by the protocol, such as liquidity increase and search. At the time of writing, ORN was the 301st largest cryptocurrency with a market cap of $177.7 million. Of the maximum supply capped at 100 million units, 41.4 million were in circulation.
What are the advantages?
Ethereum Blockchain is currently the most popular blockchain network. Because Orion Protocol is built on the Ethereum blockchain, adoption can be relatively quick. The maximum supply of ORN coin is capped at 100 million units. This indicates that the token is deflationary and the price may appreciate over time. Users of the protocol can easily manage their assets with the portfolio management tool. They can set up alarms on the platform for opportunities.
What are the disadvantages?
ORN, although listed by the world’s largest crypto exchange Binance, it is not yet listed by other major exchanges. This could make it harder for the token to popularize and attract investors.
What is Orion Protocol? How to get ORN coin?
ORN coin currently; It is listed by crypto exchanges such as Binance, Kucoin, Hotcoin Global, and Gate.io. Investors interested in the Orion Protocol project can become a member of one of these exchanges and buy the token by depositing money in their wallets.
