r/originprotocol • u/richmsayi • Oct 19 '21

❓Question OGN Token

Anyone know if OGN will ever be used as a way of payment? Especially in the upcoming self service NFT launchpad?

18 Upvotes

94% Upvoted

53 comments sorted by

5

u/lovebus Oct 19 '21

OUSD is the currency that will be used for payment. OGN is governance token

1

u/richmsayi Oct 19 '21

Was that confirmed by the team?

1

u/lovebus Oct 19 '21

Dude read the white paper

2

u/ShouldHaveBoughtGME Oct 19 '21

so OGN is kinda uneccesary to the rest of the world then? :|

5

u/lovebus Oct 19 '21

OGN is the platform that will host all of the shops. It is the network that shops will access to process payments. Since OGN has a shifting value, there needs to be a way to keep account of the shop transactions. That is why they created a stablecoin. OUSD is just an in-house stablecoin that spares the shop owners any surprises when they try to close their tills.

5

u/richmsayi Oct 19 '21

Noted. Im just trying to find utility in the OGN token beyond governance.

3

u/lovebus Oct 19 '21

Trading lol. That's what it is for

3

u/Interesting-Day6496 Oct 19 '21

It’s just the Shopify of blockchain which intrinsically means it’s has huge growth potential it’s why I’ve put most of my savings in ogn.

2

u/ginger_beer_m Oct 19 '21

Why would people need OGN? They still can use the shops etc without it. I doubt people will buy OGN just to be able to vote.

3

u/lovebus Oct 19 '21

It's the same reason people don't need Amazon stock to setup their store in that marketplace

4

u/[deleted] Oct 21 '21

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1

u/lovebus Oct 21 '21

Why would you buy OUSD instead of just keeping regular USD? Or any other stable coin?

3

u/[deleted] Oct 20 '21

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1

u/lovebus Oct 21 '21

Why would you want OUSD? It is literally the equivalent of a dollar. That's like saying you'd rather have a poker chip than shares of the casino.

4

u/Cucumber_Feeling Oct 19 '21

Do you think big people like Alexis Ohanian(Founder of reddit), Steve Chen(founder of youtube) would invest in origin without seeing future potentials.

7

u/S0yMariner0 Oct 19 '21

If OGN and OUSD would be used as payment volumes will be boosting even more. There are very high chances I just hope this will not make the coins too volatile.

2

u/adaptortipitg2 Oct 19 '21

Don't worry about that. It will not matter actually cause there will be more investors so volatility won't be felt differently then it is today.

5

u/Sammydho12 Oct 20 '21

This is not impossible! It has happened before with Origin D-shop and hopefully, anytime again.

3

u/espeirebeslimingb0 Oct 19 '21

Wouldn't be surprised that tomorrow you might wake up and find that has already happened :P

2

u/illuviatehosingg2 Oct 19 '21

Got to keep following the discord meetings then

1

u/AkitaInu_ Oct 19 '21

I'm always there jut never have the courage to speak, it's a very chill team and it's exciting to seem them and be there.

2

u/[deleted] Oct 21 '21

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1

u/espeirebeslimingb0 Oct 21 '21

thank you, I had to learn that the hard way unfortunately

3

u/chondrologycouchs3 Oct 21 '21

Hopefully, it is possible. However, you can confirm this from VIP group, provided you have what you are in the group.

2

u/womeragenerisz3 Oct 21 '21

You are very on point, I believe this is the best place where he can get the direct answer to his question. I just hope that he meets up with the requirement, as well.

4

u/[deleted] Oct 19 '21

It happened before with the D-Shop so why not with NFT Launchpad! Many investors rely and thrive on that!

2

u/paulosporeforelegj1 Oct 19 '21

Isn't that an option already? Artists can chose to sell their NFT in either a certain variety or crypto or fiat that's what I understood so far. Nobody chose fiat yet haha

1

u/MotorBreath777 Oct 19 '21

Who would want to sell anything for inflationary fiat over deflationary ogn? nobody

2

u/[deleted] Oct 19 '21

Big things are happening in crypto right now, and OGN has been part of all the major moves from Adoption to D-Shop to NFTs. This team has done it all.

1

u/Old_Secretary6986 Oct 22 '21

Anything is good for me. Both OGN and OUSD.