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    becomes one of the most oversubscribed sales in 2020 via Dynamic Coin Offering (DYCO)

    Orion’s DYCO guarantees 80% refunds to sale participants upon request, resulting in huge oversubscription from the crypto community.

    , the DeFi platform building B2B and B2C solutions on the most advanced liquidity aggregator ever developed, has announced the closure of one of the most oversubscribed sales in 2020. One of the recent success stories from a group of decentralized finance (DeFi) startups to quickly hit their hard cap and gain widespread interest in the market, Orion Protocol raised $3.45 million in the world’s first Dynamic Coin Offering (DYCO).

    Designed to greatly reduce the risks of token sales without sacrificing results, a DYCO requires a team to be fully committed to development, transparency, and project performance. If project milestones are not met, or token participants are not satisfied with project deliverables, they will be able to penalize the team by claiming a refund.

    Orion Protocol offers participants the ability to refund up to 80% of ORN tokens, no matter if participants held tokens or previously sold them at a profit. Every ORN token that will be refunded will be removed from circulation, while other efforts are in place to reduce supply of the non-inflationary and supply-capped token.

    With Orion’s commitment to solving the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform, this is no small feat. Orion’s ambitious roadmap includes revolutionary trading solution Orion Terminal, aggregating the liquidity of the entire crypto market on one decentralized platform, as well as a suite of enterprise solutions for blockchains, exchanges, and crypto projects built on the Elrond blockchain.

    Orion’s DYCO Sees Unprecedented Demand from the Crypto Community

    Until the DYCO, the project had been largely self-funded, with the team making up much of the $300,000 seed round. The team’s unrivaled confidence in the project was matched by that of the community.

    Orion’s private sale closed in June 2020, raising a total of $3,410,000 in under two weeks while being oversubscribed by 300%. Orion’s unconventional public sale allocation of just $40,000 was launched in two parts, with the first 75% of the public sale allocation exclusively for Elrond Network stakeholders based on a lottery determined by the amount of $ERD staked in Genesis Staking contracts. In just 5 days from the first round launch (July 7, 2020 to July 12, 2020), just under one billion ERD ($11.6 million) was staked to participate in the sale of just $30,000.

    The second round of the public sale launched on July 14, 2020, through a gas war competition that reserved the final $10,000 allocation for general participants. This was met with strong demand, clogging the ETH network through gas prices of 4.75 ETH.

    Orion Gathers Support from Some of the Biggest Companies in Crypto

    Part of Orion’s success is through its partnership with Elrond Network, seeing Orion leverage the Elrond blockchain and toolset to build out its product suite. Fundamentally, this includes the Decentralized Brokerage underpinning the protocol and each solution, built on a network of brokers carrying out all transactions across the platform via Elrond Smart Contracts.

    Major players in the industry have taken notice too. Orion is proud to announce partnerships with the likes of BitMax, MXC, and Acheron to join the Orion Network as ‘power brokers’, automatically executing trades via Orion’s Decentralized Brokerage. This latest initiative is gaining traction with major exchanges, OTC desks and market-makers as a unique opportunity to monetize exchange liquidity and de-centralize centralized order books.

    Building on their partnership, Bitmax announced the exclusive primary listing of Orion Protocol (ORN) under the trading pair of ORN/USDT. Trading opened at 10x on July 16th, and is currently trading at 8x.

    On a Mission to Change the Future of Finance

    Orion’s leadership team is led by CEO Alexey Koloskov, a blockchain developer with extensive experience at major international banks and the creator of the Waves decentralized exchange. Brothers Yanush (CSO) and Kal (COO) Ali founded Kanix and helped scale notable projects such as Holochain, Morpheus Network, Quant Network, and Matrix AI. Orion’s CMO, Timothea Horwell, previously led the Marketing and Research division at Telefonica.

    CEO Alexey Koloskov explains, “Orion was born out of the need for an intermediate solution that bridges the gap between the centralized and decentralized worlds of crypto, a mission that has been widely received across the industry judging by Orion’s hugely-oversubscribed raise and extensive partnerships to date. Our ambitions for Orion have always been to push beyond what was currently possible: in what we’ve built to date and in our roadmap I believe we’ve done that, having built a protocol that will change the future of finance for the better.”

    About Orion Protocol: Built on the most comprehensive liquidity aggregator in the market, Orion solves the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. With the ORN token at the core, Orion has built thirteen different revenue streams across their stack of solutions – from Orion Terminal to Orion Enterprise solutions for blockchains, exchanges, and crypto projects.

    Website: https://www.orionprotocol.io/

    Telegram: https://t.me/orionprotocol

    Github: https://github.com/orionprotocol

    LinkedIn: https://www.linkedin.com/company/orion-protocol

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