Orion Protocol is a liquidity aggregator protocol that provides a new and innovative way of accessing the crypto market. Today, there are many exchanges, brokers and trading apps to choose from, each offering different levels of services such as liquidity and fees. Orion Protocol took one step forward by aggregating the liquidity of many exchanges into a single platform, and provides other cross-exchange services such as arbitrage opportunities. As Orion Protocol combines many exchanges, users have the choice to execute trades with the best price, low slippage and low fees.
Orion Protocol uses ORN token as its utility token. Its main utility is as transaction and trading fee across all of Orion Protocol products and services. In addition, ORN is also used for brokers to execute trades. This is done through staking ORN, with more ORN staked means higher chance of getting selected. Non-brokers may also stake their ORN to vote for their preferred brokers. These staked ORN will receive rewards from the transaction fees. Other advantages of holding ORN are discounted trading fees, priority access and additional features. There is a maximum supply of 100 million ORN with some mechanisms of burning.