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The Orion protocol was designed to pool the liquidity of multiple crypto exchanges into a decentralized platform that provides a single, non-custodial gateway to the entire digital asset market. It was founded in 2018 and launched in 2020 by Alexey Koloskov in an attempt to solve some of the major problems in the decentralized finance (DeFi) space.
Orion aims to solve the difficulties with making profitable trades associated with the lack of liquidity on most crypto exchanges. This applies to both centralized and decentralized exchanges. Orion's solution is to consolidate the order books of exchanges into one easy-to-use and understandable terminal.
The goal of the Orion protocol is to help users get the most out of their investment, as well as mitigate the risks associated with using multiple exchanges.
The Orion Protocol (ORN) was founded by Alexey Koloskov, who is currently the project's CEO. Prior to Orion, Koloskov was a blockchain developer and chief architect of the Waves Platform, as well as a lead IT project manager at UniCredit Bank Russia.
The Orion protocol works by capturing the liquidity offered by multiple exchanges in the crypto market and exposing it in a single universal API. This API combines multiple order books and makes them easy to use.
Orion Protocol also offers a portfolio management application that allows users to track and record their activity on exchanges, gives them the ability to set alerts for opportunities, and automates asset management.
In addition, Orion provides a marketplace for decentralized applications (DApps) that users can easily access and purchase.
The Orion Token (ORN) is the native utility token of the Orion protocol based on the ERC-20 standard. Its offer is limited to 100,000,000 ORN. ORN can be used in the Orion Terminal and for decentralized brokerage.
Orion Protocol price today is ₽304.23 rubles. with a daily trading volume of ₽1,055,023,815 rubles. We update our ORN to RUB price in real time. Orion Protocol is down .23 in the last 24 hours. The current CoinMarketCap rating is #303 with an income capitalization of ₽12,518,870,104. The circulating supply is 41,150,000 ORN coins and max. offer of 100,000,000 ORN coins.
The Orion Protocol (ORN) has 17,120,000 ORNs in circulation as of February 2021, with a maximum supply of 100,000,000 ORNs.
The Orion Protocol network is constantly audited by the leading blockchain security company CertiK, which ensures the functionality, integrity and optimization of the platform through regular security audits and penetration testing.
In addition to the native Orion protocol code, smart contracts and any open source software on the side of the brokers are also constantly reviewed. This provides a higher level of stability for the Terminal's network.
If you are interested in buying, selling or exchanging Orion Protocol (ORN), you can do so on the following exchanges: Binance, BCEX, MXC.com, Cucoin, Uniswap (V2).
The Orion Protocol, a liquidity aggregator that creates a decentralized entrance to the crypto market, reports that the Orion code has been successfully migrated to the Polkadot ecosystem via Moonbeam, and a UI / UX is currently being developed for integration into the Orion Terminal. As a non-Cheyenne protocol, it follows the recently announced integrations with Cardano, Fantom, BSC, Huobi ECO Chain, Avalanche, Elrond and Ethereum.
Fragmentation is a critical issue in the digital asset space. This goes beyond the fragmentation of liquidity between exchanges and ends with the lack of interaction between the blockchains themselves. Although cross-chain systems are gaining momentum, the industry is still too fragmented to develop into a state of complete compatibility without a solution that can be found throughout the market.
The Orion Protocol will provide free access to the entire digital asset market by combining the liquidity of decentralized and centralized crypto exchanges and exchange platforms on a single decentralized platform. At the same time Orion seeks to address the fragmentation of cryptocurrency markets, as well as assets of traditional finance and NFT.
Moonbeam is a platform for smart contracts on Polkadot, compatible with Ethereum. Moonbeam's deep compatibility with Ethereum, including full EVM, Web3 RPC and compatible accounts, has greatly simplified the process of migrating Ethereum Orion-based code to Polkadot. Using Moonbeam technology also means that you can use all the same tools and services as deployment, such as Remix, HardHat, Truffle and MetaMask.
The integration of the Orion Protocol with Polkadot through Moonbeam gives them direct access to many already integrated projects, including DeFi and NFT space projects, while opening the door for Orion to access other assets in the fast-growing Polkadot ecosystem. The developers of Polkadot and Moonbeam will be able to use the decentralized Orion input to access the main CEX, DEX and swap pools in one place.
The Orion team is currently working on creating a UI / UX for Moonbeam and the greater integration of Polkadot into the Orion Terminal. This integration is expected to be completed by the second quarter of 2021, which will improve Orion Terminal's interoperability and scalability, with low transaction costs, low transaction delays, concurrent transactions, and asset transfers between chains.
Each chain brings its own benefits to the Orion Terminal, but together they enable Orion to create the protocol that provides the security, interoperability, and scalability that are critical to DeFi space. Together, they will enable Orion to build a single decentralized portal for the entire digital asset market.