{"id":7573,"date":"2021-03-30T11:50:29","date_gmt":"2021-03-30T08:50:29","guid":{"rendered":"https:\/\/esatoshi.club\/?p=7573"},"modified":"2021-03-30T11:50:32","modified_gmt":"2021-03-30T08:50:32","slug":"orion-protocol-x-satoshi-club-ama-recap-from-28th-of-march","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/03\/30\/orion-protocol-x-satoshi-club-ama-recap-from-28th-of-march\/","title":{"rendered":"Orion Protocol x Satoshi Club AMA Recap from 28th of March"},"content":{"rendered":"\n

Luis Merino 🇪🇸 | Satoshi Club:<\/strong>
Hello everyone and welcome to another AMA session with Satoshi Club.
Yes guys, don’t worry\u2026 Your favorite moderator is back 😜😂<\/p>\n\n\n\n

Our guests today are from a huge project, Orion Protocol.
\n@timotheahorwell, welcome to Satoshi Club 😊 it’s a pleasure to\nhave you here.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi\nClub:<\/strong>
\nWelcome @timotheahorwell, we are glad to have you here👋<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nPleasure to be here!<\/p>\n\n\n\n

Luis Merino 🇪🇸 | Satoshi Club:<\/strong>
How are you today?<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nVery well thanks! And yourself?<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
We are excited to know more about Orion protocol😃<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸 | Satoshi\nClub:<\/strong>
\nI’m doing great too! Hyped about this AMA 🎉<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi\nClub:<\/strong>
\n🥳<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸 | Satoshi\nClub:<\/strong>
\nSo please, Timothea, as an introduction, can you tell us a few words about\nyourself?<\/p>\n\n\n\n

And also, give us a short introduction to Orion Protocol 😉<\/p>\n\n\n\n

Timothea | Orion Protocol:<\/strong>
Me too 🙂<\/p>\n\n\n\n

I\u2019m Timothea and I\u2019m CMO of Orion Protocol. Over the last decade I\u2019ve worked with tech companies in the data, mobile, and fintech space – from building business strategies at a start-up incubator, through to Head of Marketing and Research at Telefonica. I joined Orion Protocol last year when I met with some of the team – led by Alexey Koloskov, the creator and Chief Architect of the Waves DEX – and realized that what they were building had the potential to revolutionize trading by creating a much needed portal to the entire crypto market!<\/p>\n\n\n\n

Orion Protocol was born out of the need to solve three major issues in the crypto landscape: liquidity, fragmentation, and centralization.<\/p>\n\n\n\n

Fragmentation of liquidity has started to wear thin on traders, increasingly frustrated with high spread, high slippage, lack of trading pairs, and the need for multiple accounts on different exchanges.<\/p>\n\n\n\n

Luis Merino 🇪🇸 | Satoshi Club:<\/strong>
Great background 👀😊<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nNot to mention, the majority of liquidity is held on centralized exchanges,\nmeaning traders have to risk their assets in order to trade!<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nWhat started as an ambitious plan in 2018 to decentralize CEX liquidity became\na mission to create the first decentralized portal to the crypto market: Orion\nTerminal.<\/p>\n\n\n\n

Luis Merino 🇪🇸 | Satoshi Club:<\/strong>
You are right<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nIn three days, on March 31st, 2021 at 5pm UTC, Orion Terminal\u2019s public Main Net\ngoes live. Users can access global liquidity from major centralized exchanges,\ndirectly from their wallet, on one decentralized platform – marking the beginning\nof the future of trading. We have ~100,000 users who already applied for early\naccess to the terminal!<\/p>\n\n\n\n

OrionProtocol.io\/orionterminal<\/a><\/p>\n\n\n\n

Luis Merino 🇪🇸 | Satoshi Club:<\/strong>
We are almost there! Just 3 days 😊😊😊<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nFinally, almost there 😬<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Wow, congratulations😃, is there any chance to join too early access yet?<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nSure, we’re still onboarding users who applied for early access 🙂<\/p>\n\n\n\n

orionprotocol.io\/launch<\/a><\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Satoshiclubbers let’s join this great platform😃<\/p>\n\n\n\n

Luis Merino 🇪🇸 | Satoshi Club:<\/strong>
I have already joined 😏<\/p>\n\n\n\n

Timothea | Orion Protocol:<\/strong>
Love that 😄<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi\nClub:<\/strong>
\nTimothea, thank you so much for this interesting introduction, we have\ncollected some community question for the first part of the AMA<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nGreat! Look forward to hearing them 🙂<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Let’s go🥳<\/p>\n\n\n\n

Q1 from Telegram User @ninoska0012
<\/em> The integration of Avalanche into the Orion Protocol marks a major step forward for Orion as an independent exchange aggregator in the chain. While many multi-chain aggregators require end-users to select the separate chains and operate with the available tokens in that chain. Do the multiple chains built into Orion Terminal remain on the back end? How is the user experience?<\/strong><\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nAbsolutely! As a decentralized gateway to the digital asset market, Orion\nProtocol has, and always will be, chain-agnostic. Indeed, many multi-chain\naggregators require end-users to select the separate chains and trade on the\ntokens available on that chain. However, the multiple chains integrated into\nOrion Terminal remain in the back-end for a seamless user experience. Upon\nlaunch, Orion Terminal will be on Ethereum and Binance Smart Chain, with\nAvalanche and Elrond scheduled for Q2<\/p>\n\n\n\n

The multiple chains remain in the back-end for a user experience more akin to that of a CEX \u2013 but without surrendering your assets.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Andr\u00e9s M. | Satoshi\nClub:<\/strong>
\nGreat work, I’m excited to see that officially😁<\/p>\n\n\n\n

Timothea | Orion Protocol:<\/strong>
Within the terminal, we have the order books of connected exchanges aggregated into one order book. For example, you can see orders from Binance, AscendEX (Bitmax), and Kucoin on the right.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
What about the fees? Could the users receive benefits by trading levels?<\/p>\n\n\n\n

Timothea | Orion Protocol:<\/strong> <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

On Orion Swap, users only need to sign one trade for complex swaps without direct trading pairs (e.g. GRT > ORN) resulting in lower fees and faster execution.<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸 | Satoshi\nClub:<\/strong>
\nAnd how about the trading pairs? How many are there?<\/p>\n\n\n\n

Timothea | Orion Protocol:<\/strong>
Orion Terminal launched phase one of Main Net on the Ethereum blockchain. Since then, Orion has integrated and is in the process of integrating other chains compatible with the EVM (Ethereum Virtual Machine) for scalability, accessibility, and interoperability across multiple chains – while reducing costs.<\/p>\n\n\n\n

Our expansion to BSC halves wait times for off-chain order\nexecution and on-chain order settlement. Transactions on BSC cost 135x less\nthan they currently cost on Ethereum, making commissions for deposits,\nwithdrawals, order execution, etc. on the terminal negligible.<\/p>\n\n\n\n

Terminal users can save 20% on trading fees by using ORN. For trades that don’t use ORN, the trading fee is used to market buy ORN and permanently remove from circulation<\/p>\n\n\n\n

On March 31st, around forty of the most liquid and popular pairs will be available across ETH and BSC, including BTC, ETH, LINK, DOT, ADA, YFI, UNI, OMG, GRT, BNB, and more.<\/p>\n\n\n\n

Luis Merino 🇪🇸 | Satoshi Club:<\/strong>
20% not that bad 👀<\/p>\n\n\n\n

Timothea | Orion\nProtocol:<\/strong>
\nAs the ecosystem grows, so will access to pairs. Orion will introduce a voting\nmechanism into the protocol to introduce new pairs each week: <\/p>\n\n\n\n