Kal Ali | September 19 2020
Orion Protocol (ORN) Continues Pre-Staking Initiative with 39% APR
Orion Protocol is the DeFi platform building B2B and B2C solutions on the most advanced liquidity aggregator in market. The protocol aggregates the liquidity, order book depth, and price discovery from every centralized and decentralized digital asset market. Orion has built an array of industry-critical solutions for traders, blockchains, exchanges, and crypto projects on the protocol, powered by the ORN token.
On July 22nd, Orion developed an initiative to facilitate and incentivize staking of its ORN token prior to public Main Net launch in Q4. Through a lucrative multi-exchange pre-staking program, Orion Protocol’s ORN token could be staked on BitMax and KuCoin for staking rewards at a 39% est. APR for the first two months, and will be continued for a third.
52% of circulating ORN has been staked.
The initiative provides immediate staking incentives to ORN token holders that are traditionally on made available to developers and validators for testing of the network performance and robustness, prior to the launch of Orion’s internal staking program in Q4.
This initiative leverages the unique staking infrastructure of BitMax, KuCoin, and Biki in order to test token-economic design, in a real market environment where token holders and liquidity of the token can both affect network stability and stake ratio.
Registered in Singapore, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust product design ranging from innovative volatility products to margin trading and other investment solutions. Since launch in 2018, it has established itself as a top institutional-grade trading platform with $400M daily trade volume.
Founded in September 2017, KuCoin has grown into one of the most popular crypto exchanges, and it currently provides a series of financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 5 million users across 207 countries and regions around the world. In November 2018, 'The People's Exchange' officially partnered with IDG Capital and Matrix Partners.
Built on the most advanced liquidity aggregator ever developed, Orion Protocol solves some of the largest issues in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. This underpins each solution built on the protocol, including revolutionary trading solution Orion Terminal as well as a suite of enterprise solutions for blockchains, exchanges, and crypto projects. Their roadmap also includes a price oracle and a high-margin DEX. Orion has ensured deep utility of its native ORN token across the entire protocol, integrating it into all main transactions to take the form of an internal currency or utility token.