ORIGYN (OGY)

Rank #1354

ORIGYN is a platform whose native token is ORIGYN (OGY). On the network, OGY acts as a central component for creating and using certificates of authenticity associated with real-world items.

How OGY works in ORIGYN

OGY is the main mechanism linked to the creation of ORIGYN's Certificates of Authenticity. It is required to interact with the platform, including steps such as minting, referencing, and transacting these certificates.

What ORIGYN Certificates are

The ORIGYN Certificate is an NFT that represents a unique item. This certificate functions as a Digital Twin of the original object, creating a digital link to the corresponding asset.

During the minting process, each new luxury item (such as watches, bags, and works of art) receives its respective digital twin in NFT format.

Purpose and token classification

The OGY token is a Utility Token, in line with the classification standards mentioned by Swiss regulators (FINMA). The utility of OGY involves access to the platform where ORIGYN certificates are issued and managed.

Use of the token in the RWA ecosystem

By connecting NFTs to real-world assets and objects, ORIGYN is related to the universe of Real World Assets (RWA). In this context, OGY facilitates the flow of creation and movement of digital certificates linked to the items.