ORION is a new kind of blockchain investment platform that combines the best features of exchanges, brokerages, and instant trading apps. The platform is built around a liquidity aggregator connected to all of the major crypto exchanges, as well as its own internal decentralized exchange, enabling users to gain the best price for their trades from a single portal. Along with powerful tools for portfolio management, ORION offers exceptional security, convenience, and flexibility. The platform is suitable for experienced traders, institutional investors, and newcomers alike.
Problems & Solutions
- Exchanges disabling new registrations
- High fees
- Accurate price discovery is difficult
- Storing coins can be difficult
- Limited price-tracking tools
- Direct ICO investment is banned
ORION’s platform and technology addresses these widespread issues, lowering the barrier to cryptocurrency adoption and providing a valuable service for existing traders and investors.
Rather than existing only in demo or MVP form, ORION’s platform is in working beta and can already be used to buy and sell several major cryptocurrencies. A significant amount of money and developer hours have already been invested in the platform, and the team is strongly motivated to complete and enhance it further.
Proof of the platform’s reliability and stability will be established when ORION conducts its own ICO using the service. It will be possible to deposit BTC, ETH, BCH, LTC, DASH and WAVES to the platform and use them to buy ORN tokens. ICOs typically see periods of intense activity, so this will be an opportunity to demonstrate the platform’s capacity to deal with high levels of traffic. The ICO will also provide the first major tranche of users, many of whom we hope will continue to use ORION to store and trade ORN tokens as well as other cryptocurrencies.
The funds collected during the ICO will be used to complete the initial functionality planned for ORION, and then to build out further features according to the roadmap.
Features & Highlights
Buy and sell cryptocurrencies at the best price from one account: Users do not need separate accounts for different cryptocurrency exchanges, neither do they need to be familiar with the quirks and nuances of each one. ORION enables them to buy and sell popular cryptocurrencies for the best price and for the lowest fees.
Unique internal liquidity aggregator: This is achieved by ORION’s custom-designed matching engine, which connects to dozens of different exchanges in real time, using their combined order books to buy and sell cryptocurrencies at the most advantageous prices for customers. The concept is similar in principle to the process employed by instant exchange services such as ShapeShift and Changelly. However, in the case of ORION, the engine is built into a traditional exchange interface and the list of supported currencies are much larger. Additionally, the savings brought about by this approach are passed on to the customer, making it both extremely convenient and much cheaper to use. Furthermore, the platform is constantly being updated and improved, and there are already a number of planned optimizations that will make it suitable for use by high-frequency traders.
IEO (Initial Exchange Offering) investments: As well as buying and selling popular and cryptocurrencies, ORION’s users will also be able to invest in new blockchain projects and participate in token sales for new initiatives, directly from the platform. New token listings, IEO ratings, and token distributions will take place via the users’ accounts. ORION will be conducting its own IEO on the platform to prove its stability and trustworthiness.
Easy access to crypto index funds: In the same way that index funds and exchange-traded funds (ETFs) provide investors with exposure to a diversified and risk-balanced portfolio of assets in the traditional financial sector, ORION will give users the opportunity to distribute their funds across multiple cryptocurrencies and tokens using a series of crypto index funds. By including a number of our own flagship indexes (e.g. Top 10 coins by market cap; Top 5 Ethereum assets, etc), we will enable traders to put together their own index portfolios. These will be rated by their success rate, allowing the development of an open market of custom crypto indexes with flexible fees, backed by real transactions on top exchanges.
All-in-one portfolio management: ORION’s aim is to provide a unified portal for blockchain and cryptocurrency investments that enable users to acquire, hold, and trade all of the products they want to within a single, powerful application. As new currencies and opportunities arise in the blockchain space, these will quickly become available on the platform. ORION is committed in staying up to date with the latest developments, integrating new exchanges, and allowing its users to access these new opportunities as soon as possible.
Simple and advanced UI options: ORION features a clean, intuitive interface that provides a low-friction user experience suitable for new and advanced users alike. Accessing different cryptocurrency markets can be achieved in just one click. More experienced users will appreciate the interactive charts, online analytics, and mobile apps for on-the-go portfolio management.
Cold/external wallet withdrawals: Cold storage and user-controlled wallets vastly reduce the risks of hacking, theft, and downtime that is common in centralized crypto exchanges. ORION will allow users to transfer cryptocurrencies or IEO tokens directly to an external wallet immediately after they have been purchased, meaning that no funds need to be held on the platform.
A commitment to decentralization: With the rise of user-friendly decentralized exchanges (DEXs), ORION will be connected to more and more of these peer-to-peer cryptocurrency marketplaces. Users will increasingly be able to enjoy near-instant executions of their orders with zero risk. Additionally, as a greater number of users come to our platform, we will be able to match their orders effectively against each other on a peer-to-peer basis using our own internal DEX, further decreasing reliance on third-party exchanges.
Token Sale & Economics
Token Utility & Use Cases
All major activities on the ORION platform can be paid for with the ORION utility token (ORN). While other currencies will be accepted, paying with ORN will secure a discount for fees and other functions.
Similar to the tokens integrated with existing exchange platforms such as Binance, ORN will give holders a range of benefits, plus additional functionality that will add further value to users.
The token will be integrated with all of the main transactions that take place on the platform, thereby taking the form of an internal currency or utility token. By holding and using it, ORN owners will be able to access premium services and generate extra profits from various operations on the platform, as well as participating in the buyback program that will help to maintain and increase the token’s value.
The functions of the ORN token include but are but not limited to:
Discounts on trading fees. Users will be able to save up to 20% on standard trading fees by paying with ORN. Since fees are typically calculated as a proportion of order size, if ORN tokens rise in value then a smaller amount will be required to pay the equivalent value in the traded currencies. Buying ORN at ICO therefore represents the ability to pre-purchase trading activity at a favorable rate.
Buyback program. When an order is fulfilled on a trade and the user does not pay fees with ORN, a standard commission is charged as a percentage of the total order amount. When the ORN buyback program is started, every such operation on the ORION platform is immediately converted to a market BUY order for ORN tokens across supported exchanges. Therefore every trade represents demand for ORN.
Staking in shared liquidity pool. Broker or liquidity providers who want to receive transaction fee revenue for fulfilling orders from users need to stake a minimum amount of ORN tokens to join the shared liquidity pool. The more they have, the more orders they can handle, in return receiving trading fees.
IEO listing and voting. The ORN token can be used to participate in platform development. This includes voting to list new cryptocurrencies and to support new IEOs, rating IEOs in terms of business model and trustworthiness of teams as a form of collective due diligence, and implementing new functionality of various forms on the platform.
Advertising. One of ORION’s revenue streams will come from selling advertising space on its platform. ORN will be the default token of payment for this service.
Unlocking advanced features. Users who hold ORN tokens within their portfolios will be able to unlock additional premium services on the platform. They will gain access to margin trading; be able to set advanced trading orders that are not available to other users (Limit orders, Stop market and Stop-Limit orders), as well as controlling Stop Loss and Take Profit parameters; and be sent alerts for arbitrage opportunities and other useful features that will allow them to generate additional profits.
Orion Protocol payments. Every service and all dApps offered within the Orion Protocol will be charged using ORN. Developers who upload dApps to the Orion marketplace will be able to charge customers for using them. Fees are set by the developers, with users deciding whether they offer value for money or not.
Roadmap & Updates
- March 2018:
- Initial production-ready version of ORION launched
- Q1-2019: Private presale of ORN Token
- Public release of open Exchange API
- Standard API to connect to every exchange
- Dev tool for implementing exchange connectors
- March 2019: Release of Orion Trading Terminal
- Receive price feeds in real time from all connected exchanges
- Access order splitting and smart routing module
- Submit order to the best exchange
- Get notified about order status changes
- Trading is available via connected cold wallets
- Q2 2019: Building dApp on Holochain platform
- Implementing Broker-to-Orion settlement on DHT chain
- Atomic swaps via Holochain double ledger accounting system
- APR-JUN 2019: Private pre-sale of ORN token
- Q3 2019: Public IEO of ORN Token
- Q4 2019: Open-source of core modules
- Crypto index funds launch
- Portfolio management
- Stop loss and limit orders
- Market making strategies
- Q1 2020: Shared liquidity poo
- Brokers join pool by staking ORN tokens
- Using brokers' funds to execute orders
- On-chain settlement via escrow smart contract
- DApps marketplace
- Q2 2020: Multi-currency wallet release
- Support of the main currency (BTC, ETH, BCH, LTC, etc)
- Trading from the wallet
- Mobile apps release (iOS and Android)
Alexey Koloskov, CEO, Alexey is a blockchain developer and the chief architect and creator of the Waves decentralised exchange (Waves’ DEX). He has extensive experience in the development and management of complex banking software and in managing large scale IT projects. Over the past several years he has established a reputation as an active and expert participant within the blockchain development community. His work in blockchain development and exchange implementation provides ORION with unparalleled expertise and insight. Linkedin.
Kal Ali, COO, Kal is a founding partner at Kanix and Blockchain strategic advisor for several projects, specializing in overall business development and partnerships. Holding a finance degree from Rutgers Business School, he brings expertise in the traditional financial sector to the cutting edge Blockchain space. Kal will not stop until he goes above and beyond the expectations set for him, a true perfectionist. Linkedin.
Eduardo Moreira, Head of Development, Eduardo holds an MBA from the Nottingham University Business School and is the CEO and founder of the Development firm EYSS, which is closely meshed within the Holochain ecosystem with intimate links to the Holo team. Eduardo and EYSS is responsible for being the leaders of the Holochain movement in Latin Americ. He also has many years of experience as an IT Director in various multinational companies but is now focused on helping others achieve efficiencies and positive market disruptions by using advanced technology. Linkedin.
Yanush Ali, Director of Communications, Yanush is a Co-Founder and Managing Partner of Kanix, and is an experienced strategic fundraising consultant and cryptocurrency marketing expert whose specialty is advising and generating awareness for projects before and after their token sale. Yanush provided marketing and expertise for over eighteen noteworthy crypto projects including Holochain, Morpheus Network, and Pchain. He is also deeply ingrained and highly active in the crypto investment space, and has created and organically grew vibrant discussion communities to over 1,000 members. Linkedin.
Simon Kruse, Lead Backend Developer, A professional Software developer, ambassador and blockchain fanatic, Simon has many years of experience in planning and developing complex software projects. Simon has become quite a familiar face in the crypto community from helping several top projects with management, advisory, and dev work. He is an avid bug hunter with an intense focus on security, making him a perfect fit for the Orion team. Linkedin.
Eduard Zaydel, Lead Frontend Engineer, Eduard is a former Waves Wallet developer with considerable proficiency in user interface design. His work in the field will allow ORION to provide customers with a clean, functional and user-friendly interaction with investment tools. His experience in mobile interface design brings unmatched knowledge to the ORION team. Linkedin.
Alex Maslakov, Lead Blockchain Engineer, Alex is a Rust software developer and IT industry professional with active experience in several blockchain projects. He is also highly competent in web development and project management. These endeavors have provided him with a diverse skillset from which to draw when making decisions and planning for the future. He is responsible for implementing Orion dApps on Holochain in Rust. Linkedin.
David Atkinson, Advisor, David is one of the core masterminds at Holo and loves to help people and businesses that are driven by purpose and a deep understanding and love for what they do. He is a member of the leadership team and focuses on business, community, and ecosystem growth, all of which have been integral in Holochain and Holo’s immense achievements. Linkedin.
Damon Nam, Advisor, A 20 year IT professional, Microsoft alumnus, and currently the Founder and CEO of Coinvest; an emerging financial services and technology company in the blockchain industry. During his 16 year tenure at Microsoft, he assumed a number of different roles within the Microsoft Services organization. Among these roles were Technical Account Manager, Resource Manager and lastly US Services Program Director where he was responsible for driving and managing the Preferred Services Partner program for the US subsidiary; a program with approximately seventy-five partner organizations and a total book of business of over $90 million in revenue. Linkedin.
Jingyuan Ye, Advisor, Jingyuan is chairman of prominent digital asset management firm, Point95 Global. With over 10 years of experience in trading and portfolio management, he served as the chairman of PPS International (Holdings) Ltd (a HK listed company), Bank of America Merrill Lynch where he was the Vice President of Global Market Division, responsible for the risk and portfolio management of Equity Structured Products for EMEA. Linkedin.
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