MEXC AMA ORIGYN • MEXC Blog

In this Telegram AMA recap, you’ll find insights about the ORIGYN Foundation project. In an event hosted by SenHo from MEXC, you will meet Daniel Haudenschild (CEO of ORIGYN Entreprise).

Introduction:

Hi Everyone! Really great to be here and thank you everyone for spending the time with us today! Sure. my name is Daniel, and I run ORIGYN Enterprise. I spent the better part of my carreer in a big 4 called Ernst & Young, and have been working professionally in BTC and crypto since around 2015. I started working with the ORIGYN team when the team had about 5 people, and we put into place the execution arm of the ORIGYN foundation. Now we are live and the ecosystem is about to kick off, so I’m super happy to share here!

Our website: https://www.origyn.com/

TG-EN: https://t.me/origynfoundation

Twitter: https://twitter.com/ORIGYNTech

Questions from the community:

Sen Ho: What is ORIGYN Foundation? Can you share with us more in detail?

Daniel Haudenschild: ORIGYN is your new best freind. It will keep your stuff safe, prove that you own it, make it easier to insure and protect the things that make you unique. Its a Swiss foundation. and we use computer vision, machine learning and artificial intelligence on decentralized computing infrastructure. So lots of tech to make beter certificates. As the first digital certification platform built on the Internet Computer (IC), ORIGYN and its verticals generate new forms of value for some of the largest consumer asset classes in the world, including art, collectibles, digital media and luxury goods. Founded in Neuchâtel, Switzerland in October of 2020, ORIGYN operates globally in major technology and blockchain hubs around the world. For more information, visit origyn.ch.

Sen Ho: What triggers you to launch ORIGYN Foundation? What are some of the real-world problems/ pain points that ORIGYN Foundation aims to solve?

Daniel Haudenschild: If you have ever had your things taken, if you’ve ever been defrauded, if someone has ever scamed you. You know this feeling. its not nice. It wakes you up. ORIGYN is using DFINITY internet computer to make certificates of authenticity with NFTs. These are there to protect the consumer and the owner, and they cover a range of goods. ORIGYN issues a variety of digital certificates tailored to the needs of our industry verticals across art, collectibles, digital media and luxury. These certificates may include a Digital Twin of an object, videos, biometric details, ownership and provenance information and much more. Digital certificates offer a new Web3 generation of exclusive customer services, communities and unique experiences, linking the physical and digital worlds. We think that this is an important service and it should, ultimately, be almost free. We are working on tech that makes these certificates be able to use smart phone cameras and visually identify objects. ORIGYN is set to become the true global certification standard for identity, authenticity and proof of ownership due to its biometric technology. Using advanced recognition and identification techniques created by leading experts in computer vision, artificial intelligence and machine learning, the exclusive in-house biometric technology of ORIGYN creates unique biometric-based certificates of authenticity, a solution that far surpasses anything in the market today. Luxury goods and valuable collectibles have their own unique fingerprint and require detailed traceability. ORIGYN is able to uniquely identify items even if they are of the same model. ORIGYN also encrypts all the biometric photos, videos and information of objects on the Internet Computer, a scalable, performant and more cost-effective blockchain.

so we work with luxury watches, handbags, stones, and also collectables, and other items.

Sen Ho: What is the role of the $OGY token in ORIGYN Foundation? Would you tell us more about its tokenomics?

Daniel Haudenschild: The OGY token is the native utility token of the ORIGYN platform. When a certificate is created, it requires cycles on the internet computer (think gas). So the OGY pays for the internet computer to hold the certificate for its lifespan. Second, Tokens are also staked by Nodes in the ecosystem to participate in governance of the token and platform operations. Nodes are divided into industry “verticals” to compartmentalize risk. Industry Verticals. Governance proposals can single verticals or foundation operations overall. Token scarcity is driven by certificates in circulation and staking done by vested participants. When certificates are minted OGY is consumed. The OGY are used to purchase XTC for cycles and certificate lifespan.

In short, OGY is used to mint ORIGYN NFTs and digital certificates based on an object’s biometry or natively digital assets, as well as to access and participate in governance of the ORIGYN platform.

Sen Ho: Are there any exciting news or updates with regards to ORIGYN Foundation that you would like to share with the users?

Daniel Haudenschild: We have built up this tech for the last few years, and the ecosystem is now gone live. The listing (see above) is the start to tens of thousands of luxury watches which will be carrying the ORIGYN certificate this year. Additionally we have a full platform with 14 amazing art pieces available in ART. A must see, and our Art certificate will be used as the basis for hundreds of millions in art alone. Very exciting stuff. all these things require Certificates to trade and sell, and authenticate. All certificates consume OGY. As we grow nodes will join our existing ecosystem. Each node is required to stake OGY for at least 36 months. Node prices are increasingly expensive based on scaricity with an absolute limit of 50. in art and luxury, we have about 25% of that filled with industry leaders right now, and more to come as we go.
so as we turn on the ecosystem, the only place to buy OGY will be from people who have invested in it at the current price.

Sen Ho: If you were to summarize your project in ONE word, what would it be? Why?

Daniel Haudenschild: Identity! because without authentication, identity is nothing. Origyn represents Authenticated identity. O = A I and we use lots of ai.

Free-asking Session

Q1. [1844] Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space. @daniel_hau

Daniel Haudenschild:

I like this question. Thank you for asking it. We were Bill Ackman’s first crypto investor. If you dont know him he is a US bnaire who has a very strong track record. He is one of many where the ORIGYN story simply makes sense. You dont have to know about crypto or blockchain, or how machine learning works. You just have to know if there was a way that your phones camera can verify authenitc objects, even movies or artwork, and help make sure the artists are protected, it would be a good thing. so yes, we work most of the day over in luxury goods, art markets, with galleries, museums etc.

Q2. [1844] I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ? @daniel_hau

Daniel Haudenschild:
Thank you. Please reach out to us. We need your help. We have programs runing in Vietnam, Manila, Nigeria, Estonia, NA, etc. Please contact us!

Q3. [1844] Hello @daniel_hau How does project increase the token’s value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term ?

Daniel Haudenschild:
There is an absolute amount to how many tokens there are. New tokens can only come from stakng rewards. The amount of tokens in circulation is very low due to vesting agreements which all investors signed, and that stop them from dumping large amounts of tokens on the makret. If you want to get new tokens you get more rewards if you lock longer. So this keeps tokens off the marekt. As does continued success in getting more certificates to market. IF the foundation makes proceeds it is required to destroy them to retain its non-profit status. So the net result is a very deflationary model, where the token prices go up but the certificate prices go down.

Q4. Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?

[1844]

Daniel Haudenschild:
Not just the future, we do it now. every certificate has an NFT which are the authentication images that we use for the Authentication process. Some brands chose to do a lot more around this and embed movies and NFT’s and PFPs into the package. At the core they all use NFT technology. We just brought the NFT to the real world. Check out a game called Cryptopolis. A social climbing Sims game. Get to a room you unlock a rolex watch. That is in the game. In real life you also unlock the real watch and that is ORIGYN certificate working cross chain (its a Binance BNB game) to unlock real world assets. made possible because of authentication.

Q5. Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?1844

Daniel Haudenschild:
You can buy our tokens on MEXC against the USDT pair. We are also on the sonic.ooo DEX. Soon you will be able to use our tokens to interact with the platform. If you have a wallet that has a certified object you can buy insurance and otehr services with the native token, but you dont have to. Benefits is that when the eco system starts to consume tokens the current price may increase. The more successful we are, the less tokens there will be. However this is not investment advice. If you like what we do, and you want to participate in the governance, you can stake your tokens and you will be rewarded by doing so with more tokens.