🪙Tokenomics
Originis Consortium, Inc. will generate revenue from the certification process (provenance) and the online art auction system.
The main operations of Originis Consortium, Inc. (Originis Company + Arts Specialists Community) will concentrate on Originis´ Decentralized Application (DAPP) and smart contracts engine.
Originis provenance and auction systems operates through cyclic token economy, using ERC-20 tokens for services liquidation as well and governance.
Once deployed and after the token distribution is completed, the platform and the art experts community will be managed and supported by Originis Consortium, Inc. Subsequently, relationship and business transactions within the Originis Arts Specialists Community will be coordinated and managed using the Originis platform and its native Token, OGSCoin ($OSG). OGSCoin will be the value exchange instrument for all transactions within the platform.
The initial token sale process includes the issuing of Simple Agreements for Future Tokens (SAFT), followed by and Initial Token Sale to distribute CygCoins. The raised funds will be invested in building the agile development and deployment of the Originis DAPP, Originis marketing presence and building the community that manages and leverages its growth.
The total number (cap) of OGSCoins economy will be 1,000,000,000 tokens. No entity or individuals, including the Originis Consortium Inc., or its affiliates, will have the rights, permission or technical possibility to create further OGSCoins. Minting (current and total supply) will only occur automatically in response to exceptional market pressures or following business strategy based on On Volume Balance analisys.
The final sale price of OGSCoins during the ICO (15%) is not pre-determined.
Part of the income from the Token Sale by the Originis Consortium, Inc. will fund the development of a OGSCoin a wallet engine. This wallet will manage the fees and accounting services, conversion between OGSCoin and Fiat Currencies, other Cryptocurrencies, payments, liquidation, staking, etc. Once the process is cleared for a buyback program, the wallet will initiate its operations.
The Wallet may function as an independent wholly owned subsidiary of the Originis Consortium, Inc. In order to allow the operation liquidity for the exchange process, Originis Consortium, Inc. will be funded with 100,000 of OGSCoin (~0.01% of total Tokens available).
The Originis Consortium, Inc. will maintain 673,000 (~0.067% of total Tokens available) OGSCoin will be committed to the development of market Applications committed to use OGSCoin as their unique value exchange instrument. An example description of such DAPP (Distribuited Application) can be found on the accompanying documentation of this White Paper.
These tokens will be also used to support the OGSCoin exclusive operations education sites, videos, blogs and social media posts, marketing to be developed by Originis Consortium, Inc. for the collectors as well as broaden the arts spectrum.
Tokens
Symbol: OGS
Name: OGSCoin
OGS Identity
Blockchain: Polygon
Standard: ERC-20
Utility: Utility Token
Description: This utility token can be later used to purchase a good or service offered by Originis. The maximum issuing of OGS will be 1,000,000,000 (hard cap) finite supply tokens OSG will be coded on the Polygon Blockchain following the ERC-20 standards.
Symbol: OGSG
Name: OGSGovCoin
OGSG Identity
Blockchain: Polygon
Standard: ERC-20
Utility: Governance Token
Description: Governance token can be later used to vote over projects, protocol or business decisions to drive the direction of Originis Consortium, Inc. No maximum specified (light cap) token supply OGSG. The token will be coded on the Polygon Blockchain following the ERC-20 standards.
Initial Token Sale
The Initial Token Sale for OGSCoin will follow an Interactive algorithm as described by Teutsch and Buterin [1]. Price of acquisition will be determined by the final valuation of the token at the end of the sale as determined by market demand. Nevertheless, significant savings will be obtained by early contributors, particularly in the SAFT phase, with up to 40% discounts for initial investors in the SAFT when compared to a Secondary Sale (I-ICO model), and subsequent discounts weaning down by the end of the Token Sale process.
SAFT and Token Sale
Initial Token Sale - Discount applied
100.000.000
10
Secondary Sale
Interactive-ICO - Market capped price
50.000.000
5
Reserves
Not minted
850.000.000
85
Total
CAP
1.000.000.000
100
Secondary Token Sale
In this model, we wish to achieve a market equilibrium through buyer interactions. Buyers not only submit bids for tokens but may also voluntarily withdraw their bids after committing them to the sale (within certain limits). In addition, each buyer submits to the crowdsale smart contract a valuation table which maps total sale amounts to the buyer’s contribution amount.
The smart contract continuously and automatically withdraws bids according to the present bids and valuation tables. Our implementation introduces incentives which enable the smart contract to manage the complex operations of adding, deleting, and finding the minimum value in a list as well as identifying a subset of entries whose sum exceeds a target value.
The sale wil represent a 5% of the total economy (hard cap)
Economy Balance control
The same concept will apply to OGSCoin for the Mintin & Unminting process in order to control inflation and currency deflation. One of the main objectives is to control the "whales" that are characterized by buying a large majority of the tokens to generate a contained demand and cause the price of the token to increase.
Thanks to the OBVMA algorithm, which can be executed every hour or twice a day, it will examine how many tokens were issued and analyze the balance of each one of the portfolios. If one of the portfolios has more than X percent (it was thought in 20%) of the total of OGSCoin, the strategy will be to perform a delta minting that the "whale" has. That is, if a portfolio makes a purchase of 18% of total tokens in less than a day, OBVMA will realize a mint of between 10-18% to compensate that purchase and avoid that there is a contained demand that could risk that the token becomes a speculative and highly variable asset.
At the moment that the "whale" releases the tokens, the same algorithm will analyze the amount of daily movement of tokens and send them to the central bank to carry out a process of destruction or expiration. These tokens can enter a state of "limbo" waiting to be released to compensate the purchase of another "whale" or deliver it to users gradually, following demand policies for the organic growth of the economy
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