This first summer at Satoshi Club started with hot news. We were visited by friends from the incredible Orion Protocol project. Today we would like to tell you about this AMA session. The AMA took place on June 5 and our guests were Hatu (the CMO and co-COO of DAO Maker) and Timothea Horwell (CMO of Orion Protocol ).
The total reward pool was $150 and has been splitted in 3 parts.
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from SatoshiClub members
Irina Kravchuk: Hi everyone and welcome to a new edition of Satoshi’s Club AMA series. @HatuSSS and @timotheahorwell are our guest today. Nice to e-meet you.
Timothea Horwell: Hi everyone! It’s great to be here and thanks for having us. Look forward to all your questions!
Hatu: Hi everyone, look forward to the community’s curiosity.
Irina Kravchuk: Yeah, likewise, @timotheahorwell , @HatuSSS tell us a little bit about yourself
And how did you come to be involved in Orion Protocol?
Hatu: I am the CMO and co-COO of DAO Maker. We are split among a technology provider, accelerator, and early stage investor.
Since 2019, our
strategy has been to accelerate projects that have a strong
product/market fit, established years of development, and seed rounds
funded by the team.
Our portfolio, till now, in comprised of LTO
Network, Elrond, 2key, and now… Orion.
These companies were
bootstrapped by founders, meaning the founders put their own savings
to make the product come to life. This is the ultimate testament to
dedication.
This is the case with Orion too, as the first year
or so was entirely funded by the team, who put in hundreds of
thousands. It’s that kind of team that we want to support, and invest
in.
Timothea Horwell:
I’m Timothea and I’m CMO of
Orion Protocol. Over the last decade I’ve worked with tech
companies in the data, mobile, and payments space, with a focus on
driving business growth and revenue through marketing.
Prior to
this I was Head of Marketing and Research at Telefonica UK, founding
and leading their research division. Very happy to have landed in
this space having met a few members of the team at a Blockchain
conference last year, and was instantly drawn to the concept of
Orion.
Irina Kravchuk: In the first part we’ll have questions collected from the community on our platform. Whenever you’re ready, we’ll jump to the first one.
Q1 from Telgram user Erol
What is the uniqueness of Orion Protocol that cannot be found in other projects that’s been released so far? And how the demand of your $ORN will increase in the future? or what steps would you take to increase the demand?
Timothea Horwell: Firstly, the most unique and powerful aspect of Orion is our liquidity aggregator protocol at our core. We understood the need for the merging of the centralized and decentralized worlds of crypto, so we built the most advanced liquidity aggregator ever developed – aggregating the liquidity of the entire crypto market into one platform for the first time.
From this protocol, we’ve built a stack of DeFi products that address industry-critical needs, including a trading terminal, price oracle, and high-margin DEX, as well as a suite of B2B solutions for exchanges, blockchains, and crypto projects.
Regarding $ORN, it’s at the core of our protocol and each of our products. We’ve integrated it into all main transactions to take the form of an internal currency or utility token. Similar to tokens integrated with platforms like Binance, ORN will give holders a range of benefits, plus additional functionality that will increase demand: it’s required for payments, staking, participation, and the unlocking of advantageous network access with discounts on trading, oracle usage, and Protocol access.
We’re committed to ensuring its sustainability and demand. It’s supply-capped, meaning new tokens are never minted beyond the Token Generation Event, while efforts are in place to strategically and frequently remove tokens from circulating supply.
-Unrivaled token utility
– Non-inflationary staking
– Diminishing supply
– Strong holder benefits
– Refund opportunities
– Thirteen revenue streams
Irina Kravchuk: And the products are already usable, right?
Hatu: The terminal is the first product, and it’s already in private beta, accessible to early brokers and applicants.
Hatu: A Q1 response from my perspective:
Orion is a liquidity aggregator that has been in development for over 2 years.
It’s not the first one, but the few that exist have massive demand, like Tagumi, which was bought this year by Coinbase for $100M.
Orion’s differentiating point is that it aggregates liquidity not by itself, but by a distributed network of brokers—anyone can be a broker but the first few brokers are major exchanges and the foundations of large-cap coins.
This difference lets Orion be superior to centralized aggregators like Tagumi by collecting volumes and liquidity of not 15 or 20 exchanges, but every exchange in the world.
It also allows Orion to offer a non-custodial solution, which is both more secure and convenient. Keep your funds in your wallet, say MetaMask, just go to Orion’s terminal website, and buy/sell whatever you want at the best price available.
The terminal also accounts for fees so the trade you get will be the one with the lowest fee possible from across exchanges, at the best price for the asset.
Irina Kravchuk: When do you expect to launch?
Hatu: We invite everyone to apply for the private access already! As for the non-apply, open release, that will be in the next quarter.
Irina Kravchuk: Sure. You can share a link, maybe those interested will join.
Hatu: Great, please fill the “Beta Signup” form on the Orion site https://orionprotocol.io/
Q2 from Telgram user isnain dhuha
As a cryptocurrency Trader, Whats the benefits of Orion to me or any traders and how we can generate passive income from Orion protocol?
Hatu: There’s 2 parts to this question: As a trader the benefits you get are highlighted in this short clip
https://www.youtube.com/watch?v=dAWxdc-eML0
As for token holders’ benefits, the Protocol has a robust product roadmap, with each building a revenue system.
Collected fees are then distributed to those who stake the token.
Timothea Horwell: Great question. As Hatu and I mentioned, our flagship product is Orion Terminal. It was built to help traders save their time, money, and assets, enabling them to trade across all major exchanges on one decentralized platform with zero risk.
Time: you no longer need to waste time exchange-hopping as you can access the liquidity of the entire crypto market in one place.
Money: you no longer need to worry about finding the best price for your assets – Orion aggregates all major exchange liquidity into one order book to provide you with the best price possible. By doing so, Orion provides the best prices and lowest fees in market – with almost zero spread and zero slippage.
Assets: critically, you no longer need to risk your assets to access liquidity. You simply connect your wallet and execute your order across any exchange – centralized or decentralized – without the need for an account.
Irina Kravchuk: Does this affect the time involved in running the transaction itself? I mean it should take some time to aggregate and deliver all the data from the exchanges?
Timothea Horwell: We’ve built this in a way to be almost instantaneous, with the least slippage of any solution that is attempting to solve liquidity.
Hatu: The data delivery is quite efficient for a number of reasons.
The protocol is not centralized.
This adds linear scalability as each broker that joins the network adds the necessary computation power to support him/herself. The decentralized aspect not only adds security and convenience, but makes the product more competitive.
As for data routing itself, much of the institutional volume is via APIs as it is. Traders on the platform will have an equally competitive data reliability as the industry’s main institutional traders.
Not to mention, exchanges compete on the quality of their APIs. As an aggregation platform, any individual exchange’s advancements make Orion increasingly more competitive.
Irina Kravchuk: Nice. So it wouldn’t really make a difference for the regular users. Thanks for the clarifications on this.
Timothea Horwell: Nope, except for more efficient and profitable trading for the trader.
Q3 from Telgram user giovanni
Safety and security are always the most important things. So what is the security mechanism of ORION to ensure user data do not become the target of hackers ?
Hatu: As it’s a decentralized platform, its users own their data and hence Orion itself does not put user data at risk by design.
Timothea Horwell: Totally agree that safety and security are critical in crypto – this is the whole reason behind the development of our trustless and decentralized protocol.
Orion or its brokers never get access to traders’ accounts or funds, as the terminal is governed by smart contracts to enforce secure conditions of token exchange. Only if the order is filled by a selected broker will the transfer of assets occur atomically within the smart contract: the trader gives the sold asset in exchange for the bought asset. The exact amounts of exchanged assets are strongly enforced by the conditions specified in the order and cannot be altered by us or the broker.
Also, leading blockchain security firm CertiK will audit smart contracts and core modules on our platform. All open-source software running on brokers’ local computers will be audited. Meanwhile, every project built on Orion will be referred to CertiK for security auditing, improving the entire ecosystem.
Irina Kravchuk: Got it. When will you have their results?
Timothea Horwell: Feedback from Certik is given regularly with a full audit, with public report being released after our public test net and public main net go live.
It’s an ongoing partnership though to assure the safety of our traders. As technology advances, sadly it also helps malicious actors. We want to be sure to mitigate any and all risk as they may come at us.
Irina Kravchuk: Aha. Public component/ report is very important for the credibility.
Timothea Horwell: Yup, we totally agree and will be publicly releasing this to our community asap to ensure transparency.
Q4 from Telgram user Vyacheslav
Orion exchange platform depends on the liquidity of other exchanges. What if you are deemed an unnecessary competitor and the use of API is prohibited by Exchanges? Liquidity will drop and trade will stop?
Timothea Horwell: Here’s the thing – we don’t compete with exchanges: we aggregate them. Instead of competing with sources of liqudity like exchanges and swapping pools, we unite all of their order books into one easy-to-use terminal, giving traders access to the entire crypto market in one place.
Rather than taking users away from these exchanges, we’re providing another point of access to their liquidity, allowing users to trade across exchanges they don’t even have accounts with.
Also, it’s impossible to prohibit our use of the APIs – with anyone being able to be a broker, it’s impossible for exchanges to know which of its traders are giving the API access to Orion. The decentralized nature of our brokers make it impossible for exchanges to shut down our access to their APIs.
We’re here to ensure the sustainability of the crypto landscape though, and that extends to exchanges too – having built a Liquidity Boost Plugin for exchanges with low liquidity, as well as a DEX Kit for blockchains looking to build their own ecosystem.
Hatu: Very true. Which is why the earliest brokers are actually some of the top exchanges themselves.
That’s actually one of the first questions I had asked the Orion team.
Beside that, Orion is decentralized, and that means in the final release, anyone can become a broker. Hence, even if some exchange intends to block it by blocking one account, another broker can jump in and claim the opportunity.
Irina Kravchuk: So technically you use a trader’s account to get access to an exchange’s API?
Trader’s account that give access to an API = broker. Is that correct? There might be more brokers for one exchange. Is that accurate?
Timothea Horwell: Brokers with exchange accounts run Orion Broker Software, automatically executing trades routed from the liquidity aggregator based on how much ORN they stake. There will be multiple brokers across multiple exchanges – if we only had one broker per exchange, we’d have some serious scalability issues!
Hatu: A summary of what the protocol does
The Orion protocol creates the software with which traders can interact with a smart contract, and the software with which brokers are automatically synched to their exchange APIs and the smart contract.
For each user trade, a broker is always the counter-trader.
The brokers retain a balance within the smart contract and that’s all.
From that point onwards, as trades are made, a somewhat on-chain swap takes place from a trader and one of the brokers, and the protocol immediately pulls the additional funds from the broker’s exchange account, be it any coin, any amount.
Because of this, you can use any wallet to interact with the liquidity brokers are providing, and brokers can maintain that level of liquidity without ever being actively involved.
Hence, eventually anyone can become a broker as the process is hands-off once the setup is complete.
The closest comparison would be Kyber
But one with an order book and not just swaps, along with aggregated liquidity of not node balances, but of every exchanges’ volume, liquidity, and order book.
Timothea Horwell: “Because of this, you can use any wallet to interact with the liquidity brokers are providing, and brokers can maintain that level of liquidity without ever being actively involved. “ – Not exactly, traders don’t need to open accounts on multiple exchanges. So no API key sharing and no complicated fund management – the trades are performed from brokers’ accounts on the traders’ behalf. That’s the beauty of it, anyone can be a broker and monetize their idle assets. And what’s even better is that the big exchanges are noticing this and want to take part in making this revenue too :rocket:
Q5 from Telgram user Laila
What are the benefits of Dynamic Coin Offering (DYCO) to ORN Token holders? Why should I participate in Dynamic Coin Offering (DYCO)?
Hatu: We created the Dynamic Coin Offering to ensure that token buyers have a downside protection.
Some key points:
– All sold tokens are refundable
– Refunded tokens are burned
– It creates a mirror flip, which allows holders to arbitrage profits if a token goes below its price floor
I’ll expand on these now.
The dynamic coin offering is designed to let you be vested in the upside of a project’s potential for 16 months.
That means holders have the ability to stay involved in the project for at a very long period of time while still retaining the right to refunds. This means you get to see projects launch, see their level of adoption and demand, and then decide whether or not to keep the tokens.
Throughout the period, holders get to be involved in the upside, with limited downside. This is refundable aspect of the project.
The second part is
the burning of refunded tokens.
If refunded tokens are burned,
supply is consistently reduced to adjust for the market demand. If
there’s a need for refunds, then there’s a need to remove those from
supply.
This means that the DYCO adjusts token supply to market
demand, reducing project valuation (and even its initial hard cap as
the number of tokens sold is not set in stone, and is in fact decided
by holders who can have supply burned after refunds).
The third part is the mirror flip.
I believe that buying tokens at issuance should be different from buying them off an exchange. As an early supporter, you deserve to be privileged.
For that reason, refunds are limited to DYCO participants only.
And they even have the right to buy from an exchange and claim refunds for those tokens. If market price drops below refund price, there’s from for risk-free arbitrage.
More details here: https://medium.com/daomaker/what-is-a-mirror-flip-and-how-to-profit-through-it-f036fd870d1b
Irina Kravchuk: Sounds good for the investors 😀 What about the projects? Is this like a loan for them? Or how does it work? Do they have access to the funds during this 16 months?
Hatu: I’ve covered this in detail here:
https://medium.com/daomaker/money-backed-utility-tokens-are-a-necessity-930baa5aa5b0
But some quick notes:
Project performance is essentially a milestone. Once you buy in, you have a stake and if the project is going well, you clearly do not want refunds as that would be a loss for you compared to what market price would be.
On the 9th, 12th, and 16th month, holder have to decide whether or not they want to claim refunds.
As people forego refund rights, more funds are unlocked for the project itself to scale up product expansion and hence benefit the token holders.
Worth noting that through out the 16 month period, the only tokens in circulation are those that have been bought, and so there is no supply inflation.
Irina Kravchuk: And are there any projects now that are interested or use this new technology?
Hatu: We’ve had several applicants, but we have a thorough due diligence process and only Orion qualified, and that too after months of communication and assessment.
Irina Kravchuk: Ok.Thank you @hatusss for the explanation of DYCO. I think we’re good on this question. Is there anything that you want to add to your answer for Q5?
Hatu: Some added resources to learn about how the DYCO works —
https://daomaker.com/dyco
https://medium.com/daomaker/dynamic-coin-offering-dyco-in-300-words-91c10020d92c
Part 2 — live questions from the Telegram community
Q1 from Telegram user (¯`*•.¸,¤°´✿.｡.:*Jőhńl*.:｡.✿`°¤,¸.•*´¯)
“Staking” is a very popular topic recently. Please tell us in detail about the $ORN staking plan and the benefits of adding “staking”??
Timothea Horwell: Operating our protocol is our staking mechanism, Delegated Proof of Broker.
This mechanism fulfills every function on the protocol from order execution, to clearing, to the governance of choosing a broker, and everything in between, via a decentralized brokerage with the native ORN token at its core. Brokers with exchange accounts run Orion Broker Software, automatically executing trades routed from the liquidity aggregator based on how much ORN they stake, while Non-Broker Stakers stake ORN to ‘vote’ for their choice of Broker based on the variable benefit share offered.
Brokers never get access to traders’ accounts or funds as the terminal is governed by smart contracts to enforce secure conditions of the token exchange. Only if the order is filled by a selected broker will the transfer of assets occur atomically within the smart contract: the trader gives the sold asset in exchange for the bought asset. The exact amounts of exchanged assets are strongly enforced by the conditions specified in the order and cannot be altered by the broker.
Orion’s MainNet V1 is due to be released in Q3 of this year and will feature trusted brokers from major exchanges, OTC desks, and market-makers. Learn more here: https://blog.orionprotocol.io/delegated-proof-of-broker
Q2 from Telegram user Savage
Are there any requirements needed to be met before an Exchange can be added to Orion’s terminal ? Do you filter out Low Quality Exchanges with fake volume or wash trading ?
Hatu: Exchange quality is irrelevant
If an exchange has no liquidity or volume, no broker would want to sync it
Even if a broker syncs, the protocol aggregates the orderbook such that best instantaneous price of an asset is discovered. Exchanges with fake volumes would never qualify for the best price discovery match.
Q3 from Telegram user Shin Chan
What are the use cases of $ORN token in Orion protocol. Right now, $ORN is hosted on Ethereum blockchain. Are there any plans to migrate $ORN to native blockchain?
Hatu: The token is not issued on Ethereum, and the final decision is still pending, but on which chain the token is issued is not relevant in Orion’s case as the protocol itself is blockchain agnostic.
It’s designed to operate as a layer-2 on almost any chain, but the blockchain on which primary transaction settlement will take place will be announced soon in a joint-statement with the foundation of that blockchain.
Q4 from Telegram user Lunm (investing microcap projects)
Will I finally be able to exchange different tokens from other chains SAFELY and FAST?
Hatu: Yes, and conveniently with the wallet of your choice, be it MetaMask or anything else.
The final settlement chain is Ethereum VM compliant to support most of the popular wallets.
Q5 from Telegram user Lee
What is the use case of ORN token in your ecosystem and what is the mean of dynamic coin offering?
Timothea Horwell: At the core of Orion Protocol is the ORN token. We have ensured deep utility of our native token across the entire protocol, integrating it into all main transactions to take the form of an internal currency or utility token. No product or feature can work without it: ORN is required for payments, staking, participation, the unlocking of advantageous network access with discounts on trading, oracle usage, and Protocol access.
You can learn more about our token economy here: https://blog.orionprotocol.io/tokeneconomy
Q6 from Telegram user I AM | Elrond
Does ORION exchange support Fiat currency Or do you have the plan for this?
Hatu: Not from day 1.However, it’s part of the roadmap. Given that brokers are deployed as part of the network, OTC brokers who settle in fiat are already interested.
Q7 from Telegram user erza Scarlet
How do you plan to keep your position solid in the whole crypto market and sustainable overtime while there are too many exchanges created day by day?
Hatu: Orion is not an exchange. It’s an exchange aggregator. So regardless of which exchange you like, you can access its liquidity, depth, and coins through Orion — but without giving ownership of your assets.
Then there’s the added advantage of having access to any other coin that’s also on other exchanges. Plus, your preferred exchange won’t always have the best price, even the biggest ones deviate from the best price.
As a trader, you simply seek order fulfillment at the best asset price, at lowest trade costs. Now, you have that advantage from a Protocol that will guarantee that fulfillment.
Q8 from Telegram user Nick
What are the main differences between Orion Terminal and other trading platforms? Why is Orion Terminal better than these platforms? What are the benefits of being a user of Orion Terminal?
Timothea Horwell: Currently, no solution in market offers traders the liquidity, custody, and accessibility they need in one platform. Traders are being forced to trust large monopolized exchanges with their assets in order to access the liquidity they need to trade – entities that are prone to the very issues that crypto is supposed to eliminate and leaving traders at risk. Decentralized alternatives have arisen to provide traders with access to liquidity while retaining ownership of their assets, but decentralized exchanges often lack the liquidity, trading pairs, user experience, and features traders are looking for.
Insufficient liquidity: the decentralized liquidity aggregators available only pull from decentralized exchanges, leaving out a major source of liquidity from centralized exchanges.
Few non-custodial solutions: the liquidity aggregators that do pull from centralized exchanges are themselves centralized, custodial solutions.
Lack of accessibility: most decentralized aggregators carry ERC20 tokens only, while those that are multi-chain are custodial and therefore not decentralized.
Unscalable solutions: swapping protocols have become popular, yet the pools are often not large enough to sustain increasing demand. Some pools could be wiped out with as little as a single $5k order and leaves the token price susceptible to manipulation.
Orion Terminal is a solution that provides traders with what they need: allowing them to tap into the liquidity and markets of every crypto exchange directly from their private wallets – without any third-party risk.
Q9 from Telegram user Jonas
How do you Plan to Tackle Challenges In Case of Low Liquidity of Selected Coin from Other Exchange ?
How do you Plan to Meet Liquidity as well as Provide Lowest Fees in Industry ?
Timothea Horwell: The liquidity of the entire crypto market is aggregated via our liquidity aggregator protocol – pulling from every major centralized exchange, decentralized exchange, and swapping pool, allowing us to provide over 10,000 trading pairs.
Q10 from Telegram user Mike
At the
moment DeFi is very popular. How about the Orion platform compared to
other platforms?
and How does orion solve the problem about Defi
Orion?
Hatu: Defi is a market segment. Orion is not competing with DeFi, it’s joining it… and it’s joining it with solutions existing DeFi products do not offer.
Namely, oracles such as Tellor or Band are limited in terms of price discovery as they use a handful of sources.
With Orion, the oracle has entire market price included, easily edging any competitor.
Meanwhile, DeFi’s key limitation, lack of liquidity and depth, is now addressed as Orion’s settlement will be onchain.
Q11 from Telegram user Crypto Star
How will you solve the scaling problem that many DeFi have? And how do you overcome the threat of centralization in Orion Protocol? By what criteria does Orion choose exchanges to support with?
Hatu: It’s layer-2 protocol and it’s blockchain agnostic. It can operate on multiple chains, that are EVM compliant.
Q12 from Telegram user Tony
How will you attract potential users to your platform considering that it is powered by blockchain ?
Timothea Horwell: Top exchanges provide much of the liquidity in market — we’re aggregating the liquidity from all of them into one easy-to-use platform. We’re providing the best prices and lowest fees in market with almost zero spread, due to our aggregated order books from every major exchange. Embedded within the terminal are robust trading tools that provide you with all of the news, market analysis, and trading signals in real- time to conduct successful trades. On top of this, we’re providing arbitrage opportunities without the need to open and manage any accounts. Seems a no brainer to me.
Q13 from Telegram user Robertson
Do you have any discount on commercial rates for the ORN tokens? If yes, under what conditions do the discounts apply and how does the percentage vary?
Hatu: Private sale buyers get a 20% bonus, which starts to vest 16 months after TGE.
They still have rights to refund their original purchase + the bonus is an added factor — of course, the bonus is not refundable.
Q14 from Telegram user Tony
How will you attract potential users to your platform considering that it is powered by blockchain ?
Hatu: As a product that addresses trading, it’s a blockchain development with a ready go-to market: anyone who holds crypto.
Orion does not need to penetrate new consumer markets or create fresh demand. It’s already there, and offered in a manner that is convenient enough to get existing market participants to opt in.
Q15 from Telegram user Anisur Rahaman
Does
Orion has insurance? Are Orion is financially capable to do that just
in case of emergency?
Like, If there’s an unnecessary incident
that you need to refund the users of this platform.
Hatu: The protocol is already done.
It’s been in development for 2 years, and till mid-2019 was funded was self-funded by the team. The new raise is for product scaling.
Q16 from Telegram user Christina F
why did orion choose DeFi?
Timothea Horwell: It was less of a decision to ‘choose’ DeFi and more of an understanding that DeFi is the future. Traders are being forced to trust large monopolized exchanges with their assets in order to access the liquidity they need to trade – entities that are prone to the very issues that crypto is supposed to eliminate – leaving traders at risk. But of course, centralized exchanges provide much of the liquidity in market, so we realized need for the merging of the centralized and decentralized worlds in a decentralized way. That’s why we built the most advanced liquidity aggregator ever developed – aggregating the liquidity of the entire crypto market into one decentralized platform for the first time.
Q17 from Telegram user Subzero2020
How is
Orion planning into protecting agains attacks from malicious
actors/brokers, attacks simmilar to the bZx exploit that can steal
liquidity from the protocol ?
Why does Orion have a token, what
is your revenue stream and is that revenue tied in some way to the
token ?
Hatu: The issues with bZx and other DeFi exploits were due to poor oracles and lack of liquidity across decentralized platform.
Both of these are addressed by the Protocol as is pulls the liquidity, price discovery, and depth of every exchange.
Q18 from Telegram user Carlos3766
What is the bandwidth? If suddenly there are a lot of buy and sell orders, will the protocol handle the load?
Hatu: Yes, it’s linearly scalable. Each broker joins with his/her own computation resources.
Q19 from Telegram user Tony
Who is building the business and tech and your upcoming plan in the near future?
Timothea Horwell: This is largely being built by our fantastic CEO Alexey Koloskov – previously Chief Architect and Creator of the Waves DEX (the most mature DEX in market with daily volume up to $10million). Prior to this he was creating banking software for some of the largest international banks – so we have huge belief in his ability to bring to market such an ambitious roadmap.
Hatu: For more information and answers to additional questions —
Join the Orion telegram: @orionprotocol
Orion website: orionprotocol.io
Learn about the DYCO token sale framework:
daomaker.com/dyco
Timothea Horwell: Thanks guys! This was a fantastic AMA and really appreciate all of the great questions. As Hatu said, join us over at @orionprotocol if you have any more questions for us or the rest of the team.
PART 3 – Quiz Results
In the final part we would like you to check your knowledge in terms of Orion Protocol. They’ve prepared 4 questions for this part, so everyone could be a part and answer. All the correct answers you will find at the bottom of this Recap. Enjoy!
Q1
What percent of tokens sold are refundable in a Dynamic Coin Offering?
a. 80%
b. 20%
c. 50%
d. 100%
Q2
Which Orion Protocol product competes against Tellor and Band Protocol?
a. Orion Terminal
b. Orion Lending
c. Orion Oracle
d. Orion Enterprise Widget
Q3
How many revenue streams are tied to Orion Protocol (ORN)?
a. 10
b. 11
c. 12
d. 13
Q4
Orion Protocol aggregates liquidity, coin pairs, and order book depth from which platforms?
a. Decentralized exchanges only
b. Centralized exchanges only
c. Stock exchanges, centralized exchanges, and decentralized exchanges
d. Swap pools, centralized exchanges, and decentralized exchanges
Answers:
1. D
2. C
3. D
4. D
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