What does the company/project do?
How advanced is the project?
The Origin project is already well developed before the public ICO. A high number of venture capital investors have already invested into Origin. The project website is translated into 18 languages. The Origin network counts with an active github repository and a regularly updated developer documentation. According to their website as of June 2018 the project has more than 40 open source contributors. The project has received extensive news coverage in both, cryptocurrency and tech news.
What are the tokens used for and how can the token value appreciate?
The Origin Token is an Ethereum ERC20 token. Market participants need to use Origin tokens in order to perform actions on the Origin platform. The value of the token will increase with the adoption of the Origin platform. Additionally, the token serves as a governance token for the Origin platform.
Team & Advisors
Origin has a big team of engineers, community managers, business people and designers that is expanding constantly. The core team has substantial experience at top tier Silicon Valley companies as well as with blockchain technology.
Josh Fraser is a co-founder of Origin and a serial entrepreneur.
Matthew Liu is a co-founder of Origin and served previously as an executive at YouTube and Qwiki.
Among the advisors of Origin are Addison Huegel, who previously worked for the Ethereum Foundation, Melody He, a cryptocurrency investor, Paul Veradittakit, a partner at Pantera Capital and Joey Krug, a co-founder at the blockchain startup Augur.
Origin counts with well known investors such as Pantera Capital, a Silicon Valley based Venture Capital firm focussed on the cryptocurrency market.
In order for Origin to be fully scalable, the Ethereum network will first need to upgrade to Plasma and Sharding. Critical data such as pricing and availability will be stored directly on the Ethereum blockchain. Data with bigger file sizes such as images will be stored on the Interplanetary File System (IPFS), outside the Ethereum blockchain, to enable scalability.
Origin plans to use the Ethereum ERC 725 identity standard so that smart contracts can interact with real world identities.
Strength and Opportunities
Origin is targeting the margins of sharing economy platforms such as Uber, AirBnB or Upwork. These platforms often charge fees of 20% or more for their service. One of the main promises of blockchain technology is to eliminate the middleman. Origin is working exactly on this promise. In the context of Origin it is obvious why using the blockchain makes sense. Advantages of the blockchain technology are better visible compared to other ICO projects.
There won’t be a single point of failure in the Origin architecture since it is build on a distributed and trustless network instead of a centralized provider such as Amazon Web Services.
Risks associated with the implementation of the projects are significantly lower than for other ICO projects that often do not go beyond a white paper. In this case Origin counts already with a solid and transparent github track record.
Weaknesses and Threats
Since the project has raised already a lot of funds prior to the public sale there is a risk that early investors will dumb the token shortly after the ICO and realize profits, which could negatively impact the performance for ICO investors.
There is no guarantee that successful marketplaces that will be build on the blockchain use the Origin protocol. Instead they may develop their own protocols to directly engage with blockchain platforms such as Ethereum.
Origin counts with a solid, experienced team, a good investor base and a well thought out idea. The current market conditions are difficult for ICOs. Nevertheless, since Origin has a very strong profile it may result in a positive surprise.
Origin is betting on the Ethereum platform and its success will be tied to the success of the Ethereum. This ICO is first and foremost an opportunity for all the ETH lovers that believe in the success of Ethereum. As of today Ethereum is the most advanced and decentralized smart contract platform, with the highest market valuation and the biggest number of developers.