Well-known liquidity aggregator platform Orion Protocol has announced the official mainnet launch of Orion Terminal.
In a press release shared with Altcoin Buzz, the liquidity aggregator platform disclosed in-depth details of the Orion Terminal that went live on March 31, 2021. According to the press release, the mainnet launch will provide users with access to a myriad of trading pairs across several crypto exchanges. Some of these crypto exchanges include Binance, AscendEX, etc. Interestingly, over 100,000 users have registered to take part in the mainnet launch. Following the Orion Terminal mainnet launch that took place at 17:00 pm (UTC) on March 31, everyone will finally be able to use the Terminal.
Importance of the Orion Terminal Mainnet Launch
First, the terminal will ensure users have decentralized access to liquidity. This access will be across several top exchanges like Binance and AscendEX. Also, the liquidity provided will be at zero risk to users’ funds.
Users will also not need to complete KYC verification. They will also have no need for an account on supported individual exchanges.
Orion Terminal will also provide users with the best available price at all times while encouraging arbitrage opportunities across the different exchanges.
More on Orion Terminal
Popularly known as a chain-agnostic solution, Orion Terminal will bring to life myriads of important functions. Prior to the mainnet launch, Orion has partnered with top players in the crypto space like Ethereum and Binance Smart Chain (BSC). Plans are in place to also collaborate with Huobi’s HECO, Avalanche, and Elrond. Most of these partnerships are expected to take place in Q2 of 2021.
In its press release, Orion disclosed that the platform looks to add more chains in the near future. In its own words, it was working “towards aggregating the market in its entirety.” That is, providing users with decentralized access to every CEX, DEX, and swap pool in the market.
WHEN MAIN NET?
Orion Terminal, the decentralized gateway to the crypto market, will be open to the public on March 31st.
The future of trading is finally here.
— Orion Protocol (@orion_protocol) March 18, 2021
40 different assets will be supported on both ETH and BSC alongside the mainnet launch. Some of the supported tokens include BTC, ETH, LINK, DOT, ADA, YFI, UNI, OMG, etc. All these tokens can easily be cross-traded. This, in essence, means that a total of more than 1,500 trading pairs will be available on the Orion Terminal mainnet.
Orion native token ORN holders play a crucial role in the governance system of the protocol. Every week, ORN token holders will be able to vote in new trading pairs.
To commemorate the Orion Terminal mainnet launch, the protocol has decided to carry out a trading competition. The competition will last for one week with $20,000 worth of prizes either as ORN tokens, Orion merchandise, or Orion VIP NFTs. To participate, interested persons only need to carry out at least one transaction every day on Orion Terminal. Of course, you’ll need to register in order to win.
While the mainnet launch is a huge achievement, Orion discloses that it is only the tip of the iceberg. According to the liquidity aggregator platform, it has its sights set on NFTs, margin trading, lending, derivatives, leveraged ETFs, contract trading, decentralized copying, staking, etc. All of which will be rolled out in the future to facilitate its vision of building the future of finance.
At the time of writing, ORN was trading at $20.84, with a market cap of $434,829,905 and a 24-hour trading volume of $89,848,238.
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