Approaching Future Trading on a single Platform: OrionProtocol
Foreword
Blockchain technology takes its charm from being decentralized. However after popping up of big and powerful centralized markets, CEXs, utopia of decentralization got hurt. Crypto market became more vulnarable with the high possibility of big CEXs’ manipulation and hack risk. Solution was simple, to empower the Decentralized exchanges, DEXs. Unfortunately in the meantime , DEXs are still far to be a healer for this bleeding wound due to their underdeveloped technology and not to use user friendly interfaces. At this point Alexey Koloskov, CEO and Co-Founder of Orion Protocol, presented to crypto world a great idea, aggregating CEX order books and DEX liquidty pools on one platform, ORION Protocol. This project was what the crypto market was expecting as a platform model and gathering most pros and disregarding cons of the two separate platform.
What is Orion Protocol?
Orion Protocol is an open-sourced, decentralized finance project which aims to aggregate liquidity from different major liquidity providers like DEXs and order books from major CEXs. This means, Orion helps users get the best price match out of their funds while lowering the effort and risk of price change associated with hop on hop off to multiple exchanges. Orion uses a single universal API to provide multiple orderbooks and LPs for its customers to make easy to find the best price offer when they make a trade position. So, users can disregards APIs from different CEXs, complicated infos, comments, etc., one API completes the trade order with digging all connected LPs and order books with the best price match both on buying and selling.
Orion Products
OrionProtocol aims to create an ecosystem for its users to find whatever they need , so they have a wide pack of products. Let’s dive and see what they have;
Orion Trading Terminal
As we talked above, The trading terminal is Orion’s platform to provide users to execute trades in its universal API. Best price match with less effort. Orion Terminal always searches for the best prices on the market, allowing you to carry out arbitrage opportunities without the need for accounts on multiple exchanges. This Feature allows you naturally to carry out arbitrage opportunities without the need for accounts on multiple exchanges. What else a trader can request!
Portfolio management application
This tool simplifies to manage different accounts from multiple exchanges by collecting all relevant data together in one interface.
Orion’s portfolio management application allows users to monitor and record their activity across exchanges, set alarms for arbitrage opportunities, and automate asset management processes, among others. This tool provides its users a non custodial portfolio management, it is not required for user to give his private key to a third party.
App store
Orion has a marketplace of decentralized applications like Arbitrage apps, Algorithmic trading bot, Payment integration systems, etc. Users can access and purchase Orion-based software from the store.
Liquidity boost plugin for exchanges
It is basicly a pool where centralized, decentralized and brokers can contribute to Orion’s aggregated liquidity.
DEX launcher
This is the platform which allows users to get instant liquidity by launching their own decentralized exchange with access to Orion’s liquidity.
Orion Token ($ORN)
However Orion Protocol’s native utility token, $ORN, is an ERRC-20 token; it is announced to be transferred to ELROND protocol soon. The token supply is capped at 100,000,000 ORN and the circulating supply is around 16,5 million coins. $ORN is at the center of Orion protocol and identifying as ‘admiral ship’ will not be so exeggrating. It is the utility token and no product or feature can work without it: ORN is required for payments, staking, participation, the unlocking of advantageous network access with discounts on trading, oracle usage, and Protocol access.
Orion has taken some measures to ensure strength of ORN token through following methods:
— Unrivaled token utility
— Non-inflationary staking
— Diminishing supply
— Strong holder benefits
— Refund opportunities
— Thirteen revenue streams
Orion Token is another topic of unique article , absolutely deserves a seperate and through examination. I will try do my best for preparing it soon . Please stay tuned for it.
Afterword
Main aim for investors is basic, making the best profit with the minumum risk and effort. Sometimes, protecting themselves from the manipulated market price by crypto whales and other large investors can be impossible.
Orion’s aggregated liquidity is the solution for this topic and so far. It is the best starting point for low experienced traders and a perfect platform with advanced features for advanced crypto lovers.
Please click here to visit Orion Protocol’s homepage and learn more about all features with more details.
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Thanks for reading, I hope this article inspires you. Please while trading make your own risk assessment and take your own risk. Do not forget to clap, it is especially appreciated in advance.
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