The OGY token is the native utility token of the ORIGYN platform. OGY is the principal mechanism for the creation of ORIGYN certificates of authenticity and is required to interact with the platform. Specifically, the OGY token provides the utility of access to a platform where ORIGYN Certificates are minted, referenced and transacted. The ORIGYN Certificate is a Digital Twin NFT of the unique item, and every new object (e.g., watch, bag, artwork, etc.) is paired with this newly minted Digital Twin NFT during the authentication process. OGY tokens fuel the lifespan of each Certificate.
The voting power is linearly proportional to the number of tokens staked. Tokens that are locked due to vesting are treated like staked tokens until they are removed by the owner and reallocated. Therefore, tokens with lockup periods of over or equal to 12 months will generate voting power.
Amount of staked OGY with a lockup period >= 1 year
The OGY canister was launched as one of the first to generate a utility token on the Internet Computer. 10 billion OGY tokens were minted at genesis on November 11, 2021. Tokens are split roughly into thirds between fundraising, foundation and team/partners for the following distribution:
Quantity (in billions)
Vesting (in months)
In order to counteract inflation, ORIGYN is committed to a deflationary model and will commit proceeds from operations to regularly collect and burn OGY tokens.
Staked tokens are OGY tokens with lockup periods >= 1 year.
The staked OGY tokens have voting power and receive a staking reward.
The staking reward is proportional to the lockup period and the number of staked tokens.