The Merger of OGV and OGN by Origin Protocol Until the Change of Qredo to Open Custody Protocol ($OPEN)

Bittime - The crypto market experienced significant dynamics over the last 12 hours (April 17, 2024), marked by various important developments across various projects.

From token mergers and staking updates, to new releases and rebranding efforts, these exciting events are summarized by X's account, Layergg.

There are two of the hottest news in the crypto market which will be discussed in this article, regarding OGV & OGN Tokens to Open Custody Protocol ($OPEN). Let's take a look!

OGV & OGN Tokens

The Origin DeFi community via DAO has approved the proposal to merge OGV and OGN tokens.

The merger is scheduled to take place in mid-May, aiming to simplify the project's token economic structure.

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Origin Protocol Merger of OGV and OGN: Increasing Ethereum Staking Liquidity

Origin Protocol, a multi-chain DeFi project, has announced the merger of its OGV and OGN tokens after receiving approval from Origin DeFi DAO governance.

This is an important step to increase Ethereum staking liquidity and strengthen the Origin Protocol ecosystem as a whole.

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Purchase & Staking Mechanism

OGN token holders will be asked to vote on the upcoming proposal, which will detail the new token economics, including buyback and staking mechanisms. 

As per the proposal, 1 OGV will be convertible into 0.09137 OGN, representing a 25% premium over current prices.

Qredo Revolution

The next hot crypto market news comes from Qredo, a token that functions as a governance and utility tool for the Qredo Network, which is undergoing a comprehensive rebranding process.

This bold decision was taken considering the increasingly extensive role of this asset, beyond the scope of the Qredo Network.

The network is renowned as a secure and trusted decentralized custody platform, and now QRDO will expand to support a wider range of custody and key management solutions.

Qredo Becomes an Open Custody Protocol ($OPEN)

This name change signals the project's commitment to delivering an open and accessible digital asset storage solution for the crypto community.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.  

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

Also read:

5 Most Popular RWA Tokens to Pay Attention to in April, From ONDO to PENDLE

Ethena $USDE Successfully Passes Its First Stress Test and Remains Firm at a 1:1 Ratio

Solana Blockchain-based Real Estate Project Parcl Launches PRCL Token

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.