Overview

  • Country USA
  • CategoryFinance/ Sharing Economy Marketplace

Origin is a sharing economy marketplace and set of protocols that enables buyers and sellers of fractional use goods and services to transact on the distributed, open web.

Project stage

Prototype

Detailed description

Origin is a sharing economy marketplace and set of protocols that enables buyers and sellers of fractional use goods and services (car-sharing, service-based tasks, home-sharing, etc.) to transact on the distributed, open web. Using the Ethereum blockchain and Interplanetary File System (IPFS), the platform and community are decentralized, allowing for the creation and booking of services and goods without traditional intermediaries.

Origin is specifically building a large-scale commerce network that:

  • Transfers direct financial value (listing, transaction, and service fees) from large corporations like Airbnb, Craigslist, Postmates, etc. to individual buyers and sellers
  • Transfers indirect financial and strategic value (privately aggregated silos of customer and transaction data) from those same corporations to the entire ecosystem
  • Creates new financial value for marketplace participants that contribute to the growth of the network (e.g. building new technology for the Origin network, bootstrapping new product verticals, and referring new users and businesses
  • Is built on an open, distributed, and shared data layer to promote transparency and collaboration
  • Immediately allows buyers and sellers across the world to do business with each other without difficult currency conversions or tariffs
  • Promotes personal liberty by not allowing a central corporation or government to impose arbitrary and oftentimes onerous rules on how to do business

Problem

For several years now, blockchain innovators and investors have called for teams to build decentralized versions of existing sharing economy businesses and create an even more efficient way to conduct Internet commerce. However, much of the infrastructure and plumbing to build distributed marketplace apps does not yet exist. Shortcomings of existing marketplaces:

  • Unfair value capture
  • Data is siloed by private corporations
  • Potential lack of innovation
  • Arbitrary rule changes and censorship

Solution

Main vision is to promote the open and free exchange of services on the decentralized web. To do this, we need to build a platform that replicates much, if not all, of the functionality of third-party intermediaries on the blockchain and other distributed systems. This is an ambitious goal and a technically difficult engineering challenge. We also need to build a rich ecosystem of marketplace buyers and suppliers from the ground up, competing with the network effects of established businesses in a safe, scalable way. This is an intimidating business, marketing, and operations challenge.

The platform will launch with three major components to address these respective challenges:

  • Origin decentralized app
  • Origin shared data layer and standards
  • Origin Community Fund

Features

  • Smart contracts enable secure and reliable payments directly from one party to another
  • Protocol schemas support hundreds of listing types, including custom verticals
  • Open and shared data encourages innovation by developers and businesses
  • Identity verification and reputation data on the blockchain ensures safe, reputable partners
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : ORIGIN
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open(Start Jun 18, 2018)
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, USD,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
Coinlist Allocation Funding — Ended
21 Jun 16:00 UTC
03 Jul 01:00 UTC
NA No - Uncapped 25,000,000 USD
  • Team

    • Josh Fraser photo
      Josh Fraser
      Co-founder
    • Matthew Liu photo
      Matthew Liu
      Co-founder
    • Stan James photo
      Stan James
      Senior Engineer
    • Andrew Hyde photo
      Andrew Hyde
      Community
    • Coleman Maher photo
      Coleman Maher
      Partnerships
    • Jon Hearty photo
      Jon Hearty
      Business Development
    • Yu Pan photo
      Yu Pan
      R&D Engineer
    • Cuong Do photo
      Cuong Do
      Senior Engineer
    • Micah Alcorn photo
      Micah Alcorn
      Engineer
    • Tyler Yasaka photo
      Tyler Yasaka
      Engineer
    • Aure Gimon photo
      Aure Gimon
      Product Designer
    • Daniel Von Fange photo
      Daniel Von Fange
      Engineer
    • Gagandeep Singh photo
      Gagandeep Singh
      Engineer
    • Nick Poulden photo
      Nick Poulden
      Engineer
    • Kath Brandon photo
      Kath Brandon
      Community
    • Dave Craige photo
      Dave Craige
      Community
    • Andrei Munteanu photo
      Andrei Munteanu
      Community
    • Mijbel AlQattan photo
      Mijbel AlQattan
      Community
  • Advisors

    • Addison Huegel
      Advisor/PR
    • Melody He
      Advisor/International BD
    • Paul Veradittakit
      Advisor
    • Joey Krug
      Advisor

Roadmap

  • May 2017

    Idea conception and demo DApp development

  • Sep 2017

    Product brief and whitepaper released

  • Dec 2017

    Launch alpha on Ethereum testnet

  • Mar 2018

    Public beta and Origin.js released

  • Q3 2018

    Platform readiness and launch of 3rd-party DApps

  • 2019

    Fully decentralized services and governance

Activity