Origin Protocol

There are several Blockchain projects that do not have the same features as Origin Protocol but aim to create similar products and already gained public attention and raised money, such as District0x and Openbazar. District0x, which creates a network of decentralized markets and communities, has already raised 10M USD during ICO last August. The market of protocols seems to be heavily dependent on the "first-mover advantage", as the protocols will grow faster if they are unified and comply with the current solutions on the market.

The team aims to create a complex product which requires vast amount of resources. That is why the feasibility of all the proposed features is unclear. Origin Protocol will have to compete with large, established marketplaces across different industries. It is unclear if the team will be able to scale the project so that it will be possible to compete with companies like Airbnb, Fiverr or Uber. Origin aims to expand its services globally but does not focus on any particular markets. As the prices will be shown in fiat currencies but will be paid in crypto, which is way more volatile than the former one, it may lead to price differences. This can harm the customer experience. The given roadmap is not enough detailed and only highlights some of the product development stages.

As the platform will require participants to deposit small amounts of token before creating a new listing or user profile, it might lower the attractiveness of the platform for the early users. As the users might be penalized if they falsely challenge legitimate listings or accounts, it may also decrease the attractiveness of the platform. There is no information on how Origin Protocol will earn its money, so the commercial viability of the platform is not clear.

Based on the current token metrics they had, I'll be passing on it.

Overall, we are neutral about the flipping of this ICO but like its long-term potential. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:
For flipping: Neutral. The timeline of releasing the tokens has not been publicly announced, and it could be a while before tokens are distributed and tradable. This makes the project not suitable for a quick turnaround.
For long-term holding: Good. We like the idea of the project and believe it has a good chance to succeed because of the strong team that leads it. With over 30 projects already lining up to use Origin Protocol, the tokens is expected to have strong usage once those dApps are launched.

10 Mar: They have 21 thousand people in their telegram group, in spite of the fact that they don’t market themselves much. Origin Protocol is top project for now. We are waiting for them to publish token metrics and then it will be very high. Bee token, Kenya, We trust, Propy and other projects are all built on Origin Protocol, by the way, Thrive is also going to be built on the Origin Protocol.
16 Mar: We are waiting for token metrics. There may be community sale or airdrop. Depending on metrics they can be given “Very High” rating.
25 Mar: Crush Crypto has published review on Origin Protocol, and they put neutral for flip, however they put good for long term. However, I think that project may be very successful. There are a lot of projects that are built on Origin Protocol and they did collect a ton of money. But we are waiting for info about cap.
16-Apr: Andrey: Origin is a Market place, marketplaces do not have big ROI.
Alexey: Origin is the project in which I wouldn`t invest much.
Sergey: I don`t invest in marketplaces, it is very long term.
27-Apr: Ivan: They develop very fast. Famous funds have participated in their strategic round. They have partnerships with more than 45 projects.
3-May. There is no info about crowdsale. It might be an airdrop. It is a candidate for Very High. Team is Top, real superstars. But it is not clear about crowdsale.

The team members have experience in launching tech companies. The project has solid advisors from Pantera Capital, who are advising a bunch of successful ICOs. Over 30 projects have already claimed that they will use Origin protocol, and the Demo DApp is already available. However, tokens will be distributed no earlier than Q3 2018, the field is highly competitive and the decentralized competitors are modestly evaluated by the market. In order to compete with centralized competitors, the project would need to raise sufficient funds. The score will be updated once the token metrics are published (no info on hard cap yet).​