Orion (ORN) is an open source to Centralized financial projects mainly aim to aggregate liquidity from different liquidity providers (i.e. exchanges) so that users can trade their crypto assets at the best price.
In this article, we will provide a detailed introduction to Orion and its cryptocurrency $ORN, and analyze the future of the ORN coin.
Orion Protocol (ORN) is an open source decentralized blockchain platform that acts as a liquidity aggregator for centralized and decentralized exchanges. Orion Protocol was created with the goal of providing cryptocurrency users and traders with the best exchange rates for trading tokens and coins across multiple exchange markets and platforms.
Essentially, Orion is designed to help users get the best returns from their assets while reducing the risks associated with participating in multiple exchanges (both centralized and decentralized).
One of Orion Protocol’s many products is Orion Terminal, which on the surface looks no different from other trading platforms. However, as long as you have an account on Orion Terminal, you can access the order books of all listed centralized and decentralized exchanges.
Interestingly, the platform does not require users to register for KYC. Additionally, unlike most exchanges, Orion Terminal is non-custodial. The assets you purchase will be sent directly to your wallet via your own private key.
It is precisely because the Orion protocol aggregates liquidity, order depth and price discovery from every centralized and decentralized digital asset market that makes Orion Terminal stand out among other protocols.
Orion Protocol was founded and developed by Alexey Koloskov and his team. Alexey Koloskov is a blockchain developer and the chief architect and creator of the decentralized exchange Waves (Waves’ DEX). He has extensive experience in developing and managing complex banking software and managing large-scale IT projects.
Orion COO Kai Ali is a blockchain strategic advisor/consultant on multiple projects, including Holochain, Morpheus Network and Quant Network.
In addition to the CEO and COO, the Orion Protocol team also has a huge marketing department and a huge back-end and front-end development team.
Orion Protocol forms a complete ecosystem for traders by unifying the entire cryptocurrency market in one API. The API combines multiple order books from exchanges, making it easier for users to make trading calls at any time.
For example: when the user orders and makes an API call. Orion will split this action to multiple exchanges at the same time. This allows them to find lower bid-ask spreads and ultimately find the best trading price for their users.
In addition, Orion attempts to solve another risk of centralized exchanges: hacking attacks. Orion’s non-custodial solution attempts to solve this problem by giving users the freedom to manage their assets on the platform.
Plus, managing your portfolio becomes even easier with Orion’s multi-currency wallet. Because it's easy to find them all with just one API.
Finally, Orion is open source. Third-party developers can join the protocol and create their own DApps on top of it.
ORN is the native utility token of the Orion protocol. In addition to playing a vital role in platform governance through the proprietary Delegated Proof of B (DPoB) consensus mechanism, the token is also used in various aspects of the protocol. Product:
The total supply of Orion tokens is 100,000,000 ORN and its initial token distribution is as follows:
Orion tokens have a limited supply, meaning new tokens will never be minted outside of token generation events, while working towards strategic Tokens are periodically removed from the circulating supply. However, Orion claims that they are committed to ensuring the sustainability of ORN, and they aim to achieve these goals in a variety of ways, including: providing token usage, inflation-free staking, reducing supply, and bringing ORN holders Benefits, return opportunities.
Currently, Orion has a multi-exchange pre-staking program which, according to them, offers an annual interest rate of 39%. It is so profitable that 50% of circulating ORN is pledged. After mainnet launches in Q4 2020, Orion will use a Delegated Proof of Broker (DPoB) staking model.
Broker Delegation Proof is a variant of the Proof of Stake (PoS) mechanism. The mechanism consists of two parts: brokers and non-broker stakers. Brokers run Orion Broker software. The software automatically executes trades sent from the Orion liquidity aggregator. The more ORN a broker holds, the more likely they are to be selected to execute a trade.
Based on existing mechanisms used by other exchanges, the DPoB model for staking ORN is non-inflationary: miners/stakers’ interests are typically calculated in the form of new tokens that affect the underlying asset based on time.
Orion does not mint tokens for reward purposes. Instead, DPoB creators receive rewards generated through Orion's 13 revenue streams. This in turn preserves the necessity and value of the ORN token.
ORN token’s ICO was launched in July 2020. According to the earliest available price data in 2020, the ORN token dropped to $0.53 on July 16 after launch, and then the price snowballed, climbing to $6.41 on August 10, less than a month later. Time soared by 1,109%.
After the rebound, ORN price began to fall back, falling nearly 46% for the year to $2.12.
ORN started 2021 trading sideways, hitting $2.14 on January 12th. A bullish rally began, with the ORN token value surging by more than 1,268% on March 22, reaching an all-time high of $29.29. This retracement brought the price down to $10.79 on April 24, and further to $3.72 on July 20, a drop of more than 87% from the peak.
ORN has been in a bearish state since the beginning of 2022, with its price remaining below $2, even falling to $0.4642 in October 23, setting a new all-time low.
As the market recovered, the ORN currency price rebounded this year, reaching a new high of $2.77 for the year on March 19.
As of June 27, Taiwan time, ORN was trading at $1.69, down 5.20% in the past 24 hours.
The current market capitalization of ORN is $57,704,320, ranking 501 among all cryptocurrencies. In addition, its trading volume in the past 24 hours was $11,087,067, and its circulating supply was 34,146,255 ORN (34.15% of the total supply).
The following is the price chart of Orion (ORN):
As a utility token, ORN will gain value as the scale of the Orion protocol expands. The maximum supply of ORN is scheduled to be 100 million, of which only 29% will be in circulation, and the remainder will be stored for staking (providing market liquidity) or stored in wallets for future use.
Although the Orion protocol is not the first liquidity aggregator protocol, it is undoubtedly the most complete and largest protocol to date. This is an attractive prospect for both retail consumers and businesses to earn revenue through ORN token payments.
Since the ORN token is not a stablecoin, that is, it is not pegged to a real-world currency, ORN has room to grow. The larger the ecosystem (and it is likely to become larger), and the more users and enterprises using the Orion protocol, the higher the demand for ORN.
Now that we understand what Orion (ORN) is and its past performance, let’s take a look at what experts think about the future price of ORN.
TradingBeast predicts that ORN will fall to $1.512711 by the end of the year, while PricePrediction.net predicts that the ORN price will be around $0.4249. Other experts, such as those from WalletInvestor, are more positive about the future price of Orion Protocol and say that its December price will be as high as $2.841.
Regarding the Orion price prediction in 2025, WalletInvestor said that by 2025, Orion Protocol investors expect the price to grow to $4.855, and PricePrediction.net also predicted that the cryptocurrency price will rise to $3.382354. This seems like a good reason to consider Orion Protocol as an investment option.
When it comes to the long-term price prediction of the Orion Protocol in 2030, experts have put forward two completely opposite views. TradingBeast believes that Orion Protocol’s price will grow further and eventually reach $1.801656 by the end of the decade. WalletInvestor’s price prediction for Orion Protocol echoes predictions of an upward trend to $11.48487. Nonetheless, PricePrediction.net's outlook remains less optimistic, with a drop to $0.9178 expected.
However, the future value of Orion (ORN) is uncertain and speculative, and factors such as project updates, advancements in blockchain technology, and market conditions have contributed to its growth potential. Therefore, investors should research ORN and take into account current market conditions before making investment decisions.
Orion Protocol is a great addition to the DeFi market as it acts as an aggregator for finding the best trading routes and provides liquidity. The project unifies a number of different products, applications and services to help traders and businesses with asset management, trading and more financial functions.
As the cryptocurrency market continues to expand, Orion Protocol may become one of the most prominent DeFi ecosystems in the space. This unique project will continue to evolve as the team advances its roadmap plans.
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