ORIGYN
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in ORIGYN from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to ORIGYN.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.