Orion Protocol’s 10 Best Tokenomics AKA Why $ORN is $BNB on Crack
1. The $ORN Token is used everywhere
The token utility of every DeFi solution on the protocol lies in the integral role the $ORN token plays in the decentralized brokerage, with every transaction within each solution acting as a trade being carried out by a broker. Brokers must stake $ORN tokens to be chosen to execute trades: the more $ORN tokens staked, the higher the chance of being chosen. Non-brokers stake $ORN tokens to vote for their broker of choice, based on the benefits a broker shares with voters. Profit share from each transaction will be shared back to the respective brokers in the form of $ORN tokens.
2. The Insane Buyback Program
When any order is fulfilled on a trade and the user does not pay fees with $ORN, a standard commission is charged as a percentage of the total order amount. When the $ORN buyback program is started, every such operation on the ORION platform is immediately converted to a MARKET BUY order for $ORN tokens across supported exchanges. Therefore every trade represents demand for $ORN.
3. Advertising Paid For In $ORN
One of ORION’s 13 revenue streams will come from selling advertising space on its platform. $ORN will be the default token of payment for this service. This mean adoption will bring not only better staking rewards from trade volume, but also better advertising returns from a more valuable user base to market to.
4. Protocol Payments
Every service and all dApps offered within the Orion Protocol will be charged using $ORN. Developers who upload dApps to the Orion marketplace will be able to charge customers for using them. Fees are set by the developers, with users deciding whether they offer value for money or not.
5. The Non-Broker Staker System (NBS)
$ORN Tokens that used by Non-Broker Stakers (NBS) can be used to assign ‘votes’ to their choice of Broker, choosing the ones that will give them the best reward based on how much trading volume they’re doing. Each token = 1 Vote and the more votes / $ORN staked a broker has, the more likely they are to be chosen to execute a trade. This process is the backbone of long term staking rewards, and where the real money can be made.
For more information on possibly reward projections you can read Blaze’s article here: The Greatest Passive Income In Crypto
AND/OR
Check out the staking calculator I have created in Google Sheets to enter your own projections: Xaiculator (VIEW ONLY, CLICK FILE, MAKE A COPY, TO ENTER YOUR OWN PREDICTIONS) Default Values are set to my personal predictions for Jan 2021.
6. dApps for Days
A wide variety of applications can be created for the Orion Protocol, including apps for investment, trading bots, and payment gateways. The Protocol will be used extensively for every decentralized application in the marketplace. The first dApp running on the Orion Protocol will be Orion itself, the reference implementation that will provide a liquidity aggregator, portfolio management and an ICO platform. Within Orion’s dApps, $ORN will function as a utility token, being used to pay for all services, including for commission fees and within its lending model.
7. B2B Products & Licensing Fees
100% of licensing fees generated from Orion Protocol’s B2B product range of DeFi solutions will be used to buy $ORN tokens off the market and remove them from circulation. Some of these products are the price oracle, liquidity booster, and DEX kit.
8. Brokers Need Fat Stacks
Any new exchanges, market makers, and OTC desks coming on board as a broker on the Orion Decentralized Brokerage will need to purchase $ORN directly off the market. While the specifics are not yet confirmed, rough estimate by the team have stated that a $10k USD $ORN Holding will be required to become a Broker, and then all trading volume will need to be collateralized with an $ORN Holding of ~0.75:1 (varies depending on the currency being traded) have a quick think about the trading volume we’re expecting and the corresponding locked up $ORN needed to handle that! I’ll give you a minute.
Additionally, the more $ORN a broker stakes, the more likely they are to be chosen to execute a trade. This works hand in hand with the NBS system.
Founding brokers include BitMax, KuCoin, MXC, Acheron Trading, Eureka Trading, with a number of other key partnerships lined up ahead of Private Main Net in Q3.
9. Premium Services for $ORN Holders
Users who hold $ORN tokens will be able to unlock additional premium services on the platform. $ORN holders will be able to set advanced trading orders that are not available to other users (Limit orders, Stop market and Stop-Limit orders), as well as controlling Stop Loss and Take Profit parameters. Holders will also be sent alerts for arbitrage opportunities and other useful features.
10. #NeverSelling — Holding $ORN Long Term
Hodling $ORN will also provide benefits for other products across the Orion Protocol roadmap and beyond, including first access to Orion Margin Trading (the first 100x decentralized margin trading) and Orion Lending (aggregating lending APRs from centralized and decentralized providers for the best available rate).
I hope you’ve found this article helpful in understanding the tokenomics behind the $ORN Token by Orion Protocol. For more information, I recommend checking out the Orion Protocol Blog ask any questions over at the very active Official Telegram Group and come visit me and the other Orion Aviators over at the Unofficial Trade Chat! Please leave any questions of feedback below, and if you’re so inclined, share with your friends!
Huge shoutout to Orion Aviator Marcel for gathering the information that made this blog possible.