🛠️Tokenomics

Full name: Origins - OR Smart Chain

Abbreviation: OR

Origins' token, OR, has an initial supply of 100 million. Origins utilizes the ORC20 standard.

Validator Rewards: 90% of OR is reserved for validators as a reward for supporting network security and consensus through staking OR.

Exchange Allocation: 5% of OR will be strategically released to select partner exchanges.

Allocation to Vitalik Buterin: 5% of OR will be allocated to Vitalik Buterin. As a thought leader in the industry, Vitalik Buterin’s forward-thinking research and practices have been of great significance to the blockchain sector. This allocation reflects recognition of his contributions to the sustainable development of the industry and aims to inspire more pioneers in the field.

Inflation Model:

Origins operates on an infinite token supply system, without a hard cap on the total supply.

The inflation model is based on the issuance of a certain amount of new coins each year, achieved through the mining and validation processes.

The quantity of Origins (OR) rewarded through mining is not fixed but depends on the state of the network.

Miners and validators have the opportunity to receive newly minted OR as a reward in each block, incentivizing them to provide security and consensus services to the network.

Each node must stake OR to unlock mining power.

Origins Staking Model

The native staking model, known as Solo Staking, poses several barriers for users in terms of capital, earnings, operations, and learning. If you wish to become a native staking node, apart from meeting admission and lock-up requirements (at least 1024 OR), you may encounter the following challenges:

1. To run a node independently, you will need a device with at least a 4-core CPU, 8GB of RAM, a 500GB SSD, 1Mbps bandwidth, and the installation of ORDappNode.

2. Ensuring the reliability of the node is crucial, as rewards are directly proportional to the time the node is online and correctly proving. Any downtime or slow network speed may result in penalties.

3. Various security concerns such as hardware maintenance, key storage, and others need to be addressed.