ORIGYN

Purpose and Utility

ORIGYN (OGY) is a utility token built on the Internet Computer Protocol (ICP) blockchain. The token is designed to power the ORIGYN Foundation's platform, which creates and manages digital certificates of authenticity for luxury goods, art, and collectibles using NFT technology.

Business Model

The platform allows brands and creators to create digital twins of physical items, providing verifiable proof of authenticity and ownership. Users can utilize OGY tokens to pay for authentication services, marketplace fees, and platform services. The business model appears transparent and focuses on legitimate commerce and authentication services.

Real-World Adoption

ORIGYN has established partnerships with luxury watch brands and art dealers, though specific adoption metrics are limited. The platform is actively being used for authentication services in the luxury goods sector.

Development Activity

The project maintains regular development activity on the Internet Computer Protocol. Technical updates and platform improvements are consistently released.

Token Distribution

The token distribution includes allocations for platform development, ecosystem growth, and team incentives. Vesting schedules are in place for team tokens to ensure long-term alignment.

Technology and Revenue Model

The platform generates revenue through authentication and marketplace fees, not through interest-bearing activities or lending. The core technology focuses on NFT creation and verification, which aligns with halal principles of legitimate trade and exchange.