What has been the most challenging part of developing the Orion Protocol? What’s the biggest challenge you currently face in order to get this project finalized?
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Currently, our demo Trading Terminal is connected to 3 centralized exchanges (binance, poloniex, bittrex) and 3 DEXs (Waves DEX, Switcheo, IDEX). But Orion uses connectors’ architecture, where to connect a new exchange you just need to write a simple connector implementing Orion Standard Exchange API. We already implemented a few new connectors and the will be integrated soon. Also, such connectors are not necessary must be developed by Orion team, 3d party developers are also encouraged to write them for other exchanges.
Holochain makes decentralized computing possible in a very efficient way. Also, Holochain enables scalable double-entry crypto-accounting to build new generations of asset-backed and value-stable cryptocurrencies. This is perfectly fit for our accounting and settlement modules, namely the Orion-Broker settlement application.
Yes, Orion distributed applications (hApps) will be hosted on Holo.
There are many benefits of using/holding ORN tokens in addition to investment purpose:
- payment of trading fee with discount
- get access to premium features like (arbitrage opportunities, advanced order types etc)
- joining staked shared liquidity pool (as liquidity providers must stake a minimum amount of ORN tokens to join the pool and will be selected based on PoS algorithm) to receive guaranteed revenue for executing orders on traders’ behalf
- using other advanced Orion products like Orion Enterprise Trade, Liquidity boost plugin, DEX launch kit, Trading signals from different providers etc
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@Cris, thanks for the interesting question. Actually, in Orion we identified a number of different interesting and useful products that can be built on our protocol. I wish we have built them all at once, but of course, it depends on available resources, that we can allocate to each product. So we need to choose and focus right now on the most needed that can start generating revenue asap. Now we’re focused on Trading Terminal (which is also best for showing all advantages and benefits of trading on Orion). Also, we aim at B2B sectors with our Liquidity Boost plugin, allowing 3d party exchanges to utilize routing and liquidity from Orion.
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Hope u can create ur platform asap
How Orion Protocol will add value to Holochain?
As I see,u will not use HoloFuel as a base currency,will you?
Is Orion working with US regulators in an effort to remain SEC compliant or is Orion thinking mostly to add services and consider SEC compliance later?
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Also, there is a question in another thread:
Is Orion decentralized.
First, Orion is fully non-custodial and can be accessed by anyone, anywhere. That means to start trading you don’t need to transfer any your funds to some trusted third-party.
Second, there can be multiple instances of all Orion modules. Though at the beginning the will be run by Orion, we’ll encourage the community to run their own version.
So. for example our matching engine (matcher) has its own relayer network through which they can share orders from different traders and fill them, forming decentralized aggregated orderbooks.
So while there are some centralized components (but not linited), in essential Orion Protocol is decentralized.
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Hi there! We have our council working with US lawyers to assure the compliance of Orion. Safety first!
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We’re going to release the pilot version of our Trading Terminal by the end of this year, and earlier in the next year - public MainNet.
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Thank you, Community, for participating in the Holochain Forum AMA with Orion’s CEO, Alexey!
You asked some great questions and received fantastic answers from Alexey!
Alexey @koloale! @Kal_Orion @dellams @HOLONEWS @Cris @sidsthalekar @HOLONEWS @Kolo @ThomasMiller @rikeburn
We’re looking forward to hearing about your project’s progress.
Thank you again for taking the time to answer questions. I am impressed with the informative responses. @koloale @Kal_Orion
This AMA thread is now closed. If you have questions after the planned AMA, feel free to ask them here.
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