What is Orderly Network? Information about ORDER Token

What is Orderly Network?

Orderly Network is an infrastructure that acts as a central hub, facilitating liquidity connections between DEXs (Decentralized Exchanges) and displaying this liquidity in the form of an orderbook. According to the development team, Orderly Network’s liquidity model has been applied to various types of transactions such as Spot, Perpetual Futures, Lending/Borrowing, and Margin trading.

Orderly Network aims to become a multi-chain liquidity provider, connecting investors across different DEXs, from EVM-compatible to non-EVM chains. Currently, Orderly Network has integrated with several exchanges such as WooFi, AscendEX, and LogX.

Orderly Network Products

Spot Trading

Spot trading on Orderly Network is designed to be fast, secure, and user-friendly, offering features like real-time market data, unified orderbooks, and trading charts. However, this product is currently only available on the Near blockchain.

Perpetual Futures Trading

Perpetual Futures Trading is a form of derivative trading that allows users to speculate on the future price of an asset without owning it. Orderly Network offers perpetual futures for cryptocurrencies, settled in USDC, allowing users to trade with leverage and open larger positions than their available capital.

Token Auction

Token auctions on Orderly are a way for new projects to list their tokens and attract market makers to provide liquidity. Orderly ensures that only approved market makers can use tokens to create markets, thus improving liquidity and reducing volatility for newly listed tokens.

Orderly Omnichain

This is the latest product from Orderly, allowing all futures contracts on Orderly to share a common orderbook. This product uses LayerZero technology to build a cross-chain data transfer system, promising to improve liquidity and trading efficiency.

Key Features of Orderly Network

Unified Orderbook and Liquidity: Experience the unique advantage of accessing all major chains through a unified trading and liquidity infrastructure.
Fast and Easy Development: Save time and costs by using Orderly’s SDK to accelerate development and launch to market within 1-2 weeks.
Available Liquidity: No more worries about liquidity as the orderbook is supported by top Market Makers, ensuring no liquidity shortages.
Revenue Sharing: Earn additional profits from transaction fees generated on your platform.
CEX-Level Performance: Balancing performance and decentralization, Orderly’s matching engine ensures low latency for high-frequency trading strategies while ensuring all transactions are on-chain to increase transparency, with users retaining control of their assets.
Gas-Free Trading: No gas fees after depositing funds, paying storage deposits (only applicable for NEAR), and activating trading keys.
One-Click Trading: Each new trading session generates a new trading key pair, after which no additional signatures or approvals are required to perform any actions.
Self-Custody: Retain full control of your assets. Only you have access to your private keys, meaning only you can control your assets, eliminating worries about insolvency.
Collaborative Ecosystem: Join a vibrant community of like-minded projects and benefit from a collaborative ecosystem. Together, we can achieve more.

Team

The team behind Orderly Network primarily consists of members from the Woo Network project, including:

Ran Yi: Co-Founder of Orderly Network. He has extensive experience in blockchain and technology, having worked for 4 years at Woo Network and 6 years at Kronos.
Arjun Arora: COO at Orderly Network. He previously worked at Google for 8 years in Business Development before moving to Woo Network.
Terence Ng: Co-Founder of Orderly Network, previously served as CTO at WOO Network, CEO at HaiChuanTech, Co-Founder at ZZura, Co-Founder at The Daily Tot, and Managing Director at Derivatives China Capital. These roles have provided Terence with experience in various fields such as technology, startups, management, and finance.

Investors

Orderly Network has successfully raised $25 million through four funding rounds:

09/06/2022: Raised $20 million from prominent investment funds like Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, etc.
01/11/2022: Raised funds from Laser Digital (amount undisclosed).
28/03/2024: Raised funds from CoinDCX (amount undisclosed).
15/08/2024: Successfully raised $5 million from OKX Ventures, Nomad Capital, and other funds.

Roadmap

Q1 2024

TP/SL orders.
Fee structure updates.
Polygon POS support.
Smart contract trading support.
Liquidation bots.
Open-source SDK.

Q2 2024

Token listing on DEX.
Strategy vaults.

Second Half of 2024

Isolated margin.
Multi-collateral.
On-chain oracles.
Cross-chain infrastructure upgrades.

What is ORDER Token?

After learning about what Orderly Network is, let’s explore the five key details about the project’s token, ORDER.

Basic Information about ORDER Token

Token Name: Orderly Network
Token Symbol: ORDER
Blockchain: Ethereum
Smart Contract: 0xABD4C63d2616A5201454168269031355f4764337
Price: $0.17 USD (as of 08/30/2024)
Market Cap: $30 million USD
FDV: $175 million USD
Total Supply: 1,000,000,000 ORDER
Max Supply: 1,000,000,000 ORDER
Circulating Supply: 174,000,000 ORDER

ORDER Token Allocation

Community: 55%
- Retrospective Airdrop: 13.3%
- Trading Rewards: 15%
- Market Making Rewards: 10%
- Developer Rewards: 8.35%
- Future Products: 8.35%
Strategic Investors: 15%
Team: 20%
Foundation: 10%

ORDER Token Release Schedule

The token generation event (TGE) is set for August 26, 2024.

Community:
- Epoch: ORDER tokens allocated for trading and market-making rewards will be unlocked based on epochs (one epoch is 14 days), spanning 200 epochs (approximately 7 years) and may be adjusted by protocol governance in the future.
- Retrospective Airdrop: 13.3% (133,000,000 $ORDER) will be unlocked at TGE as a retrospective reward for early supporters.
- Trading Rewards: 15% (150,000,000 $ORDER) will be unlocked over 200 epochs (approximately 7 years), with the amount unlocked each epoch decreasing over time.
- Market Making Rewards: 10% (100,000,000 $ORDER) will be unlocked over 200 epochs (approximately 7 years), unlocking linearly at 500,000 $ORDER per epoch.
- Developer Rewards: 8.35% (83,500,000 $ORDER) will be awarded to projects based on criteria such as trading volume, daily active users, new users, and other factors.
- Future Products: 8.35% (83,500,000 $ORDER) will be locked until its usage is officially determined and announced.
Strategic Investors: 15% (150,000,000 $ORDER) will be locked for the first 6 months post-TGE, and then unlocked linearly over 3.5 years.
Team and Advisors: 20% (200,000,000 $ORDER) will be locked with a 1-year cliff of 25%, and then unlocked linearly over 3 years.
Foundation: 10% (100,000,000 $ORDER) will be used to support liquidity for $ORDER on CEX and DEX platforms, provide grants, promote partnerships, and implement related initiatives.

What is ORDER Token Used For?

Governance: ORDER token holders can participate in the decentralized governance of the Orderly Network by staking tokens to vote on important decisions.
Earn VALOR: VALOR measures the value of staked ORDER based on quantity and staking duration. Users will receive returns from the protocol’s reserve fund based on the VALOR they hold.
Enhanced Trading Rewards: When staking ORDER tokens, traders receive higher trading rewards.
Enhanced Market Making Rewards: Similarly, market makers receive higher rewards when staking ORDER tokens.
Other Utilities: Orderly Network plans to add more utilities for the ORDER token in future DeFi products and protocols.

Where to Trade ORDER Tokens?

ORDER is currently traded on major exchanges like Bybit, Gate, Bitget, etc.

Trade ORDER on ByBit Here!!!

Personal Opinions

Here are some personal views on Orderly Network:

This is not a new trend but a core aspect of DeFi – DEX. With around 400K users and over $80B in trading volume, the project has the potential to generate significant revenue.
The development team is experienced, and the project has raised considerable funds from top investment funds.
Currently, the project seems undervalued, possibly due to airdrops and rewards. The FDV is only $175 million USD, but the project’s valuation is $200 million USD.
This could be due to the large amount of tokens unlocked at the time of TGE.
The tokenomics are largely geared towards product development.

Conclusion

This article provides an overview of Orderly Network and the ORDER Token. If you’re interested in the cryptocurrency market, stay updated with the latest news to make informed investment decisions.