As the cryptocurrency market continues to consolidate, one altcoin rallied nearly 140 percent as increased staking rewards, airdrop activity and new NFT launches excited investors. Stablecoin issuance and NFTs have been the latest trending topics in the cryptocurrency market. As Kriptokoin.com, we are giving the details…
Owning and staking this altcoin project is now much more profitable
Origin Protocol (OGN), a platform that focuses on NFTs and decentralized finance, is Terra’s following his lead. Data from TradingView shows that over the past month, the price of altcoin OGN has increased by 143 percent. OGN, which was at the level of $ 0.25 on March 10, was trading at $ 0.725 on April 19. The reasons for the OGN rally are cited as the reorganization of stake rewards, improvements in the protocol’s Origin Dollar (OUSD) stablecoin, and expansion of the NFT ecosystem. Holding and staking altcoin OGN will become more lucrative after a management proposal is accepted that will distribute Origin Story platform fees to stakers.
Origin Story, interested investors buy by musicians, celebrities and creators It is the NFT launch panel of the protocol used to create new NFT lines for Put forward by the core development team at Origin, the proposal passed with 100 percent approval from voting participants. It will establish a direct link between Origin Story’s product traction and revenue growth and OGN performance. Once fully implemented, OGN stakers will start earning rewards from primary sales commissions and secondary trading and royalties on Origin Story.
Origin Protocol NFT ecosystem grows
Another development providing support for altcoin OGN is the expansion of the Origin Dollar stablecoin’s capabilities, as well as the addition of a governance token and a new exchange listing. In March, OGN holders voted on a proposal for the creation of a new governance token for OUSD, which will be distributed to OGN holders. The proposal passed the community vote and sparked the mid-March rally in OGN price after investors hoarded the token to qualify for the airdrop. Alongside the momentum created by the governance token launch, OUSD also benefited from a listing on Gate.io; this offers OUSD holders an extra income as an additional earning avenue, in addition to the 15 percent that OUSD holders earn simply by holding.
A third-party for Origin Protocol that helps increase price and on-chain activity The factor is the continuous expansion of the NFT ecosystem, with many new projects launched in the past month. The upcoming release of Blades of Valor, the role-playing game and NFT ecosystem, is also helping to create excitement for the gaming community at Origin.
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