Introducing ORIGYN Tokenomics 3.0

ORIGYN is excited to introduce the next evolution of its tokenomics and governance model with the launch of ORIGYN Tokenomics 3.0. This latest advancement was designed to enhance the longevity of the ORIGYN Protocol, benefit OGY token holders globally and support the foundation’s mission — to protect what’s most valuable.

Since launching the OGY utility token in October of 2021, ORIGYN’s tokenomics have evolved to meet the needs of the ORIGYN ecosystem and its underlying technology. From version 1.0 to 3.0, this progression was designed with OGY token holders in mind at every step.

Where We’ve Been and Where We’re Headed

Tokenomics 1.0:

• Enabled OGY holders to participate in the governance of the ORIGYN ecosystem by staking OGY to vote on proposals.
• Minted 10 billion OGY at genesis to fuel the ORIGYN Protocol and ecosystem.
• Combined inflationary and deflationary mechanisms — inflationary to mint new OGY tokens for participation in governance and deflationary to burn OGY obtained as revenue.

Tokenomics 2.0:

• Lowered the reward rate for staked OGY tokens and eliminated vesting rewards to reduce the minting of new tokens and stabilize inflation.
• Burned 197 million OGY tokens in the progression toward a deflationary model.

Tokenomics 3.0:

How does ORIGYN best protect existing OGY token holders? Ensure the longevity of the protocol? Recognize early supporters of the ecosystem? The formation of ORIGYN Tokenomics 3.0 is the foundation’s answer to these questions, as well as its endeavor to counteract the challenges of the macroeconomic downturn and grow its community of engaged, governing token holders.

Tokenomics 3.0 will include the following actions:

1. Implement a Deflationary Model. With ORIGYN Tokenomics 3.0, ORIGYN stops to mint new OGY tokens — period. Further, the maximum supply of OGY will continue to decrease, as OGY acquired as revenue will be regularly burned.
2. Burn OGY Through Generated Revenue. We created The ORIGYN Treasury Account (OTA) to hold all ORIGYN revenue. This includes minting fees for certificates, transaction fees and donations made directly to this account. The ORIGYN foundation will submit proposals through OGY governance on what to do with tokens held in the OTA (i.e., token burning).
3. Use existing Tokens for Staking Rewards. ORIGYN will contribute one billion OGY to an ORIGYN Reward Account (ORA) in benefit of staked and voting holders. The reward pool consists of 250 million OGY in its first year and will halve every two years to incentivize and reward early and long-term contributors of the ecosystem. The new staking algorithm has been deployed on 9/20/2023. Holders who previously staked their OGY will be released during a grace period of two weeks to re-stake their OGY and benefit from the ORA. The staking reward amount will be as follows:

In addition there will be the following multiplier:

4. Release OGY Holders From Vesting. To further promote ORIGYN’s new deflationary model and reward early supporters, all existing token holders are released from their current vesting schedules. This includes any and all vested rewards earned during the initial ORIGYN Tokenomics 1.0. This does NOT apply to ORIGYN team members and advisors. By removing vesting constraints, OGY holders can now stake their OGY and participate in governance to receive rewards.

5. Foster Decentralization. ORIGYN will take the following steps to increase the number of OGY holders governing the protocol:

• Attract new OGY holders by bridging to other platforms and enabling interoperability between OGY tokens and ICP, Bitcoin and Ethereum.
• Collaborate with key IC-native partners, including Shiku, YUMI and Hot or Not, for OGY giveaways, airdrops and other token-based projects.

6. Support Developers: ORIGYN will contribute 100 million OGY to an ORIGYN Development Fund for developers to create open-source code for the ORIGYN Protocol.

7. Improve Liquidity: Liquidity is crucial to ensure a smooth market for OGY. By prioritizing liquidity, ORIGYN aims to prevent price manipulation and make it easier for users to buy and sell tokens whenever they wish as we working on listing at more CEXs and DEXs.

More to come

This is just the beginning of the advancements, partnerships and products to come this year at ORIGYN. ORIGYN Tokenomics 3.0 also launches alongside the new and improved OGY Dashboard

This dashboard provides token holders with full transparency into OGY and its token economy, improves staking and governance functionality and empowers holders with important insights and data about OGY. Explore the dashboard here https://dashboard.origyn.ch/. . For details on how to use the OGY dashboard and more information on ORIGYN, visit our GitBook.

We are confident these changes will help ensure ORIGYN’s long-term success, as well as that of the OGY token. For a more detailed overview of ORIGYN Tokenomics 3.0, as well as the full distribution plan, please visit: https://dashboard.origyn.ch/Tokenomics_V3.pdf