Powering the Revolution in Art, Collectables, Digital Media and Luxury NFTs

-> OGY Staking Simulator

What is OGY?

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.

ORIGYN Art establishes a connection between physical works of art and NFT certificates to create the ultimate marketplace experience for art professionals, collectors and enthusiasts.

ORIGYN Collectibles brings physical and digital artifacts to life while securing their value and creating opportunities to exchange these objects with a global community of collectors

ORIGYN Digital Media enables influencers, artists, creative talent and individuals to protect their digital property while increasing the exposure and tradability of their works.

ORIGYN Luxury brings guaranteed authenticity to original and pre-owned luxury items using their own biometry, enabling customers to prove and trace lifetime ownership of treasured objects.

How Staking Works

ORIGYN has an on-chain governance system where token holders collectively vote on proposals. Token holders are able to stake their OGY tokens to gain voting power. Staking involves locking OGY tokens in the ORIGYN Governance Canister (OGC) to support the security and operations of the ORIGYN network.

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.

Voting Power

=

Amount of staked OGY with a lockup period >= 1 year

To prevent short-sighted voting outcomes, the minimum lockup period is set at one year. That is to say, tokens with lockup periods of at least one year have the same voting power. Those with lockup periods less than one year have no voting power.

Token Distribution

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:

Private sale

Quantity (in billions)

Vesting (in months)

1.11
1~48
Sale Nodes
0.43
N/A
Public sale (institutional)
0.33
1-36
Public sale individual reserve price
0.10
1-36
Public sale auction
0.14
N/A
ICP swap round
0.20
1~48
Reserve for future foundraising
1.0
N/A
Team
2.00
1~48
Strategic partners
1.09
1~48
Foundation
1.50
1~48
Perpetual DAO For Good ( flora and fauna )
0.368
N/A
Perpetual DAO For Good ( child welfare and fulfillment )
0.368
N/A
Perpetual DAO For Good ( creative arts )
0.368
N/A
Future DAOs
0.996
N/A

Staking Rewards

New tokens are minted to reward staking. This represents inflation in the model. Inflation is dynamically adjusted between 2%-20% to achieve a 60%-80% staking ratio.

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.

Any questions?

Join our community now!