Indeed, an unfortunate side effect of many decentralized trading solutions in market is ETH transaction fees - particularly at the moment ? however, the current network fees caused by Ethereum will be largely reduced once we migrate to Elrond

We have always maintained it would be Q1 ?

This is a good question. As our brokers with exchange accounts are facilitating trades via exchanges on a trader’s behalf, they are the only entity that needs to carry out KYC with the respective exchanges. As a result, traders can execute trades across centralized exchanges without the need to ever open an account with them (or carry out KYC)

Indeed, both allowed and encouraged! Through our network of brokers (simply traders with ORN and exchange accounts), we will already be providing access to the liquidity of these exchanges, and the decentralized nature of our brokers make it impossible to prohibit our access to exchange APIs. If an exchange does not become a broker, it doesn’t prevent their assets being monetized by smaller brokers earning passive income on the exchange’s liquidity. An exchange will still generate revenue via transaction fees, but will miss out on additional passive income as a broker.

We launched Phase One of the terminal on December 15th, which IMO marks a huge step towards the future of trading. This first iteration, as is the case with the launch of any new technology, is limited in comparison to what we will see upon full launch later this quarter when we transition to the Elrond blockchain! It features a handful of pairs, brokers, and exchanges, with many more to be added in the run up to full launch. Despite that, it marks a huge milestone for us in achieving what many initially said wouldn’t be possible ?

Absolutely! While CEX and DEX aggregators have grown in popularity, no entity has transcended the two to aggregate the entire crypto market into one platform. Our liquidity aggregator standardizes connectivity, allowing us to aggregate the liquidity, order books, and trading pairs of every CEX, DEX, and liquidity pool into one decentralized platform. We're able to do this through our our proprietary staking mechanism Delegated Proof of Broker, that fulfills every function on the protocol with our native ORN token at its core. Brokers with exchange accounts (or exchanges themselves such as BitMax, KuCoin, MXC and Injective) run Orion Broker Software, automatically executing trades routed from Orion's liquidity aggregator. They're chosen based on how much ORN they stake, and receive a portion of fees from each transaction they execute. Via these brokers, users can trade across all major exchanges without the need to ever open an account again. You simply connect your wallet and execute your order, without ever giving up your assets. ?

Indeed! I'm Timothea, and I'm CMO of Orion Protocol. I'd been following the space for some time given my brother was heavily into Bitcoin from 2012 or so (wish I had been!). I entered professionally in 2019 when I met with some of the Orion team at a conference and realized that what they were building had the potential to revolutionize trading by creating a much needed portal to the entire crypto market. ?