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To learn more about this project, check out our deep dive of Orion Money.

What Is Orion Money (ORION)?

Orion Money (ORION) is a cryptocurrency savings platform in the DeFi ecosystem where users can maximize profitability of their stablecoins. Established in Q1-Q2 2021, Orion Money aims to become a full-fledged cross-chain stablecoin bank and DeFi product hub, helping users grow their assets by providing a seamless experience of accumulating, lending and spending stablecoins.

How it works: users deposit stablecoins to generate a fixed income that is higher than what market competitors are offering. And ORION, the native Orion Money token, guarantees users a chance to boost stablecoin APY, receive revenue rewards, and contribute to the ecosystem by participating in governance. Orion Money APYs are possible due to the savings protocol -- Anchor -- which is built on the Terra blockchain and generates low volatility of stablecoin returns.

The Orion Money ecosystem consists of three main products: Orion Saver, Orion Yield & Insurance, and Orion Pay.

Who Are the Founders of Orion Money?

The Orion Money сore team consists of three people - Vol Pigrukh, Kos Chernysh, Sam I Am.

Vol Pigrukh and Kos Chernysh are serial tech entrepreneurs. They are also the co-founders of Profitero - an e-commerce analytics startup that has grown into a medium-sized company with 300 employees, $20 million in annual revenue and a customer base of Amazon, Google, Coca-Cola, General Mills, Unilever, P&G.

Vol Pigrukh is a former developer who has been involved in commercial activities at Microsoft and Google. He has created an impressive number of startups in business development, operations, marketing and sales.

Kos Chernysh is responsible for technology and development at Orion Money. He is also a DevOps engineer with a long track record of launching startups in product management, software development, and scaling engineering teams.

Sam I Am, the final member of the core team, is in charge of ecosystem and community development. He plunged into monetary policy in 2014 and has been investing in cryptocurrency ever since. Sam is one of the first investors in Terra, who joined the community in 2019 and garnered their support.

Orion Money’s advisors include Do Kwon (Terra Founder and TerraForm Labs CEO), Matt Cantieri (GM of Anchor), Luke Saunders (CTO of Delphi Labs) and José Maria Macedo (Partner at Delphi Digital). The company's partners are Delphi Digital, Terraform Labs and Anchor Protocol.

What Makes Orion Money Unique?

Orion Money is a cross-chain stablecoin bank with USDT, USDC, DAI, BUSD, UST integration and the ability to receive up to 20% of stablecoin income after the token generation event.

One of the strengths of the project is their array of solid allies, investors and partners (Terra and Anchor Protocol at best). Moreover, Orion Money has partnered with Delphi Digital and InsurAce to create risk funds and insure user deposits. And on top of that, Orion Money won the first prize of the DeFi Connected Hackathon.

The services offered by Orion Money are focused on three areas:

Orion Saver. A native savings protocol that lives on Ethereum and gives users of other blockchains access to the profitability of Anchor Protocol stablecoins with no need for swaps or home network changes. Thus, Orion Saver allows users to deposit stablecoins from any blockchain and receive stable yield from Anchor Protocol.

Orion Yield & Insurance. A product of Orion Money that provides users with high-yield savings through liquidity for investment. Orion Yield & Insurance is the result of partnerships with various money markets that will ensure a higher savings rate for Orion Saver depositors. According to their project roadmap, the product will be released in Q1-Q2, 2022.

Orion Pay. The planned launch period is sometime in Q2-Q3, 2022. By this time, the team will develop direct payments from cryptocurrency to fiat and connect the functionality of a crypto-debit card so that users can make payments via stablecoins with high yield.

The Orion Money team also plans to roll out a number of other features, including Tokenize Derivatives, Orion Loans, and Protocol-specific Optimizers. No specific launch dates have been announced yet.

Related Pages:

Read about Terra (LUNA).

Take a deep dive into the progress and development of Terra with Flipside Crypto.

Learn more about Orion Money (ORION) with CMC Alexandria.

The latest data about Ethereum (ETH).

What is a stablecoin? Read an in-depth guide and find out.

Time to brush up on your crypto knowledge, check out the CMC glossary.

How Many Orion Money (ORION) Coins Are There in Circulation?

ORION is an ERC-20 governance token minted on Ethereum and connected to Terra, Polygon and BSC. Thus, dApps can function smoothly across these networks and facilitate cross-network transactions.

The purpose of the ORION token is to unlock governance for the protocol and establish a revenue sharing mechanism. The developers plan to launch several sources of income that will be linked by ORION, which acts as a mechanism for collecting values for the protocol.

The maximum supply of tokens that will ever be released to the market is 1,000,000,000 $ORION. As of November 2021, 2% of the total supply is in circulation, namely - 22,186,472.57 coins.

ORION token allocation:

30% to Staking Fund;

22% to Team & Advisors;

20% to Community Fund;

10% to Seed Token Sale & IDO;

7% to Liquidity;

7% to Private Farming;

4% to Airdrop.

Areas of use of ORION tokens:

Advanced APY;

Interest payment;

Administration;

Staking (stake ORION to be able to earn ORION).

Sources of commission for ORION buyback:

Fees earned from the project;

Commission of 5% from Orion Validator.

The ORION token is vital for steady operation of the platform and performing functions within the Orion Money product suite;

Increases profits earned by Orion Saver;

Gives users the right to receive a portion of the income generated by dApps;

Provides an opportunity to participate in the platform governance process.

How Is the Orion Money Network Secured?

Orion Money has successfully completed three audits by RD Auditors & Solidified to prove its reliability to the community. Conclusion of RD Auditors: "We found 0 critical, 0 high, 0 medium, 0 low and 0 very low level issues."

Plus, Orion Money operates the largest Proof-of-Stake (PoS) validator on the Terra network. Using the PoS consensus mechanism, the blockchain confirms transactions, preventing a number of problems. Thanks to the PoS method, the vulnerability to cyberattacks is reduced, since the structure serves as a count when the miner attacks the system.

Where Can You Buy Orion Money (ORION)?

As of November 2021, Orion Money's native token, ORION, is listed on several cryptocurrency exchanges. Among them, Uniswap (V2), Gate.io, PancakeSwap (V2), AEX, and DODO BSC.

Want to keep track of ORION prices live? Download the CMC mobile app.

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