🚀Product & Platform
Value Proposition
Originis Consortium, Inc. is creating a new decentralized heterogeneous marketplace aimed at delivering a significantly improved access and finding a centralized certification and pricing for unique artworks. Our on-demand business model is based on convenience and trust. Both side of the market have the opportunity to find what they are looking for on our platform in an easy and fast way.
Convenience is provided to the customer by giving it the chance to easily browse our platform to find origin certified paintings that it won’t otherwise be able to find in other platforms.
It also allows live bid-ask transactions, which shows the volatility of the prices and graphic analysis of the art´s market. The whole process is designed to be user-friendly and extremely secure, as to reducing time needed to complete a provenance certification or art purchase. At the same time, Originis Consortium, Inc. offers a huge selection of artworks to our customers from a great variety of collectors spread all among the world.
Trustworthiness is a high priority for Originis Consortium, Inc., for this reason, we foster trust through the use of the most suitable technologies, offering identity verification, authenticity inspection, provenance and auctioning within the blockchain ecosystem.
Being a double-sided market, its customer segment is composed by both: users selling through and users buying on the platform.
Sellers are composed by art collectors, enthusiasts or any person that wishes to sell one or several artworks. The sellers’ customer role consists in getting their art collections certified through provenance process and, if he wishes so, generating an NFT from the artwork, as well as selling both: physical art piece and NFT online throght Originis´ platform.
On the other hand, Buyers refer to whoever is willing to bid and purchase a unique artwork. Specifically, they seek for finding the art experience their dreams. They want to be able to choose from a large selection of art and to have a unique, secure and certified purchase experience.
Originis core system functionalities
User registration
The first step on the product lifecycle starts with a user request (collector, gallery, artwork owner, etc.) in the role of supplier or certification beneficiary
A certifier (art specialist) in the role of Originis provider role will be also able to qualify. He´ll be responsible for analyzing the supplier´s artwork documentation in order the corresponding painting certificates.
This request starts a KYC process to incorporate the new user. Personal data will be protected by encryption and validated in the platform using web tokens, as an extra layer of security.
Additionally, to submit certified blockchain transactions.
Provenance analysis
Once registered, the user, in his role of supplier, might want to send provenance analysis request to any available art specialist certifier (provider).
The provider analyzes all provenance data with his provenance team. Part of the certification revenue will be used to liquidate the provenance service provider (art specialist & team).
Originis will offer the option to pay with native OGSCoin where benefits are higher than Fiat service payment.
As we consider that Originis will be able to register a considerable amount of revenue, will be able to liquidate for the service at the anchor price (token real price based on revenues). Sill, Originis will incentivize the certifier to stake, as he´ll be able to offer his services, depending on the staking pool invested on Originis Consortium Inc.
Originis will distribute governance tokens to users who have a certain amount of staking in the platform, allowing them to access exclusive benefits, for the provider, the supplier or buyer.
Once the artwork is certified, the system will offer the registered owner (supplier) to open an auction on this art as NFT.
The automated auction process
Registered buyers will be able to bid on this artwork (physical or its derived NFT) for a limited time period, using OriginisCoin. Before he can bid on an item, the customer must acquire OriginisCoin.
Once the owner starts the auction, a countdown will begin. After the auction time is over, the smart contract (as a digital auctioneer) wraps up the auction and assigns a winner.
Token and Fiat money liquidation process will wrap up the bidding and auction.
Once the customer pays for the physical artwork or the digital representation as NFT, he´ll be able to access it in any Polygon-based platform like OpenSea, or receive the artwort in his wallet address, following all the security and insurance protocols.
Financial model benefits
Governance tokens will quickly identify VIP users who will access benefits in the platform and the Community.
Platform and company decisions will follow a DAO principle, so that governance token stakers will vote on critical business decisions, financial decisions or platform roadmap.
The Originis blockchain smart contract in conjunction with a predictive and cognitive algorithms, will verify the demand (on balance volume) demand and will mint automatically an amount based on the average of put and calls for this token. An On Balance Volume Minting Algorithm (OBVMA) will kick minting or burning tokens in order to keep the economy from inflating or stalling.
The unique model proposed by Originis Consortium Inc. will extend its capabilities to Defi ecossistem to enhace revenues for the token owners, on flash loans, lending, derivatives, or otherDeFi services. With the click of a button, a user will get all the financial benefits offered by Originis using DeFi services.
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