Orion Protocol (ORN)

Trade with the liquidity of the entire cryptocurrency market - in one place - without giving away your private keys.

Built on top of the most advanced liquidity aggregator ever developed, the Orion protocol solves some of the biggest problems in DeFi by merging the liquidity of the entire crypto market into one decentralized platform. The protocol is run by a proprietary Delegated Proof of Broker staking engine that performs all functions through a decentralized broker with a limited supply ORN token at its core.

This is at the heart of every industry-critical solution built on this protocol, from Orion Terminal to Orion Enterprise solutions for blockchain, exchanges and crypto projects, with thirteen different revenue streams.

Almost everyone involved in cryptocurrencies should be involved in trading.

However, liquidity options in cryptocurrency come with a trade-off. Centralized exchanges take over the management of users' assets and make users hope to move from one brand to another, DEXs lack liquidity, and exchange pools lack depth.

Orion combines the benefits of all three on one platform by pooling the liquidity and order books of every centralized exchange, DEX, and swap pool.

This gives Orion a huge market exposure as:

1. Users of any CEX can still access the coins and liquidity of their CEX through Orion, but with even more price, liquidity, and depth while maintaining their holdings.

2. Users of any DEX get more liquidity without giving up their assets.

3. Users of any swap pool benefit from much lower fees without giving up their assets

Orion is a new type of DeFi platform that combines the best features of exchanges, brokerages and instant trading applications. The platform is built on a liquidity aggregator connected to all major cryptocurrency exchanges and swap pools (centralized and decentralized), allowing users to get the price for their trades from a single portal. Along with powerful portfolio management tools, Orion offers exceptional security, convenience and flexibility. The platform is suitable for both experienced traders and institutional traders as well as beginners.

The Orion platform and ecosystem operates with the ORN token, an ERC-20 token. Orion Protocol will be an open-source decentralized application repository that will make all the features of the platform available to developers and enterprises, allowing anyone to create powerful financial instruments.

Ultimately, we intend to create a combined protocol for connecting to both centralized and decentralized exchanges. This will ensure secure trading between blockchains and access to liquidity across the entire cryptocurrency market.

Orion is an ecosystem of community-based products that make a significant contribution to emerging markets, liquidity, and blockchain adoption in general; when receiving interest rates and services based on the native ORN token.

-Increase liquidity and market depth by combining order books from multiple exchanges;

-Getting the price at any time on a potentially unlimited number of marketplaces;

-Access to the best commission rates on every exchange due to Orion's brokerage status as a major trader that generates -significant volumes from Orion's broad user base;

-A single unified commission for transactions, there is no separate commission for input / output;

-Easy online management with one account across multiple channels (web, mobile).

-If necessary, complex and complex analytics, clear accounting and tracking of transactions.

The Orion protocol is a combination of E*TRADE and the Bloomberg terminal for the blockchain world. A unique dedicated cryptocurrency brokerage platform that provides convenience for traders, flexibility for developers of trading algorithms and resourcefulness for analysts at one of the lowest trading fees on the market.

Orion is based on peer-to-peer trading technologies and brings together those who want to trade easily and efficiently on each individual exchange. Orion provides a fast, easy and efficient way to use arbitrage opportunities, maximize your strike price and make money as a market maker.

Despite overcoming many challenges in the course of its development, the blockchain ecosystem still suffers from several problems. According to Interaction with Others to a survey conducted by Encrybit, 91% of users of cryptocurrency exchanges experience problems when trading in existing markets.

Let's take a closer look at these difficulties, and then find out our approach to solving them.

The biggest problem in the cryptocurrency market right now is the lack of security. According to a CipherTrace report, in 2019, the total amount of fraud and theft associated with cryptocurrencies resulted in losses of $4.4 billion.

The most vulnerable part of modern infrastructure today is centralized cryptocurrency exchanges. Orders, deposits, withdrawals and transactions are carried out in a centralized or closed system. Major exchanges like Binance or Bitfinex store/route all orders on their own servers - and that's why they are known as centralized exchanges.

However, many cryptocurrency analysts believe that DEXs (decentralized exchanges) will be the leading form of cryptocurrency exchange once their technology and capabilities are on par with their centralized counterparts. After all, the attraction of cryptocurrencies is the promise of “decentralization.” Therefore, having strong DEXs with good liquidity is important for the future of cryptocurrencies.

Liquidity is a vital element of any market. Their absence creates an unbalanced environment and things get out of control. Due to reduced liquidity, orders are not placed/filled on time and doors are open for large holders to manipulate prices. In addition, due to the lack of liquidity, the markets become more volatile and prices fall more strongly.

A secondary problem with declining liquidity is that it transfers power to cryptocurrency exchanges with a lot of liquidity. Some major exchanges are now charging up to $1,000,000 to list a token on their exchange, essentially selling liquidity to token projects.

Price charting is an important part of asset/commodity trading. It is often necessary to develop price charts for trading analysis and developing trading strategies. The problem here is that the price of a cryptocurrency can vary significantly on different exchange platforms. With such a drastic price difference for the same cryptocurrency, price charting becomes a difficult task. In addition, the extreme volatility in the market makes the problem even more acute.

Currently, most crypto exchanges are loosely regulated, leaving room for sometimes questionable or offensive maneuvers. Crypto exchanges are reportedly using bots to manipulate coin prices.

In May 2019, BitWise analysts released a report on trading volume, arbitrage trades, and exchanges where fake BTC trades are taking place. This paper demonstrates that approximately 95% of reported BTC trading volume is fictitious or non-economic in nature and shows why fictitious volume does not affect quotes in the real BTC spot market. It also shows that the actual BTC spot market is much smaller than advertised and also more regulated and efficient.

While cryptocurrency transactions are known for their speed, delays can occur, which could be a way to protect users from hacks or fraudulent transactions. Exchanges sometimes delay transactions if they suspect that a user has not authorized transactions.

The Orion platform and technology solves these widespread problems by lowering the barrier to cryptocurrency adoption and providing valuable services to existing traders.

Orion is targeting multiple client segments and will have multiple sources of revenue. Users will need ORN utility tokens to use the platform and pay fees for transactions and other products/features.

Platform offerings include:

1. Orion Terminal - a platform where traders can find the best spot prices and submit trades.

Key Feature:

- price execution on all exchanges from one account. Users do not need separate accounts for different cryptocurrency exchanges, nor do they need to know the features and nuances of each of them. The Orion terminal allows them to buy and sell popular cryptocurrencies at the price and with minimal fees.

-Interfaces for professional and retail traders. A clean, intuitive interface that provides a user-friendly experience suitable for both beginners and experienced traders. Access to various cryptocurrency markets can be accessed with a single click. More active traders will increase the number of interactive charting, online analytics and mobile apps for portfolio management on the go.

-High frequency trades. Orion allows you to quickly trade across multiple exchanges using just one API. This will reduce the time required to maintain a working trading algorithm for high frequency traders.

Income is generated from:

-Transaction fee

-Internal order matching

2. Portfolio Management App - A tool for tactical traders that will make tracking, rebalancing and trading assets quick and easy, no matter where the funds are held.

Key Feature:

-Trade Tracking Tool - Provides an easy way to track and record user trading activity across multiple exchanges.

-Arbitrage Opportunity Trading Signals - Users can subscribe to receive signals of arbitrage opportunities that occur in the market to take advantage of inefficiencies in the cryptocurrency markets.

-Automatic Rebalancing of Holdings - Traders can select the set of assets they would like to keep in their portfolio and set certain criteria that will trigger an asset rebalancing.

-Non-custodial portfolio management - users will be able to transfer their assets to third parties without having to give up custody of funds.

-Third Party Trade Research and Analytics - Users will be able to filter third party researchers and analysts, group them according to selected criteria, and make purchases on the same platform.

Income is generated from:

-Subscription fee

-Commission for arbitrage trading

-Selling analytics, trading research and trading signals.

3. App Store - dApp Marketplace where users can buy Orion based apps and trading signals from independent developers.

Key Feature:

-An organized marketplace where users can buy:

I. Arbitration Applications

II. Algorithmic trading bots

III. Investment funds

IV. Payment integration systems

-High liquidity for online trading applications and new exchanges based on the Orion protocol.

Income is generated from:

App Store Purchase Fee

4. Enterprise Trade - a widget that will allow partner firms to integrate cryptocurrency transactions into their applications and websites.

Key Feature:

-Large order splitting - trades from corporate clients will be executed on different exchanges to get the price available and the lowest commissions.

-Non-custodial liquidity provider - a corporate client does not have to give up control or transfer his funds to get high liquidity on various exchanges.

-Short Selling - Corporate clients will have the opportunity to sell their assets short.

-Margin trading - corporate clients will be able to double their purchasing power using margin trading domestically or through partnerships.

Income is generated from:

Annual platform access fee

5. Plugin for increasing liquidity - a plugin for a centralized and decentralized exchange that increases liquidity on its trading platform.

Key Feature:

-High liquidity thanks to a specially designed matching engine that connects to dozens of different exchanges in real time.

-The largest list of supported currencies on the market through a plugin built with an exchange interface.

Income is generated from:

Transaction fee.

-A one-time fee covering installation costs. No commission is charged for an exchange with a specific daily transaction. Interaction with other people vol.

6. DEX kit - a platform for projects to launch your own decentralized crypto exchanges and get instant liquidity on them by connecting to the Orion ecosystem.

Key Feature:

-A quick and easy way to launch a decentralized exchange

-Instant liquidity on the new DEX

Income is generated from:

Annual fees

Aleksey Koloskov leads the development of Orion Protocol.

Alexey previously participated in the development of Waves and was the chief architect of the Waves DEX decentralized trading platform. Although there are only 18 coins listed on the exchange, peak volumes on the DEX exceed $100M, with daily averages regularly maintained at $10M. This landmark product is a testament to Alexey’s ability to create blockchain products that are not only decentralized but have a strong product/market, are business viable, and are scalable enough to support unprecedented demand.

Alexey has been developing Orion Protocol since 2018. Until the end of 2019, he and his team largely self-funded the development of Orion.