Orange (ORNJ)

Decentralized Finance (DeFi)

Orange is a DeFi ecosystem that helps users access and manage Bitcoin, BRC20 tokens, Stacks, and Ordinals NFTs. It offers tools and services for handling these assets in a decentralized way.

Wallet Management

Orange provides a browser extension wallet that is decentralized, non-custodial, and anonymous. This wallet allows users to securely store and manage Bitcoin and related tokens without relying on third parties.

Developer Tools

Orange offers Orange Connect, a JavaScript library that helps developers integrate Orange Wallet features into decentralized applications (dApps), making it easier to build blockchain-based apps.

Token Utility

The Orange token (ORNJ) powers the ecosystem and can be used within the platform for transactions, rewards, and accessing various DeFi services related to Bitcoin and other supported protocols.

NFT and Token Management

Orange supports managing Ordinals NFTs and BRC20 tokens, enabling users to interact with these new types of digital assets on the Bitcoin blockchain.

For more details, visit Orange Crypto's official site.

Pros

• Orange is a decentralized finance (DeFi) ecosystem that supports managing Bitcoin, BRC20 tokens, Stacks, and Ordinals NFTs, offering a wide range of blockchain assets in one platform.
• It provides a user-friendly wallet (Orange Wallet) that supports multiple protocols and integrates with decentralized applications (DAPPS).
• The platform offers tools like Orange Connect (a JavaScript library) and Orange Indexer (APIs) for developers, enhancing integration and blockchain data access.
• Orange emphasizes decentralization, meaning users control their private keys and assets without sharing personal information.
• It is traded on multiple active markets, providing liquidity and accessibility.
• The ecosystem supports passive rewards by holding tokens in self-custody wallets.
• Orange has a growing user base and partnerships, indicating active development and community support.

Cons

• Orange is relatively new (launched in 2024), so it may have less market history and adoption compared to older cryptocurrencies.
• The price and trading volume can be volatile, with recent price declines noted in market data.
• Being a DeFi ecosystem on Bitcoin meta-protocols, it may require some technical knowledge to fully utilize all features.
• Some features and integrations may still be under development or expanding, which could limit immediate functionality for some users.

For more details, visit Orange Crypto Docs or the official website.

Founders of Orange

The founders of Orange are Damon Nam, Dzuy Nam Huyn, Dmitriy Golovchenko, Yiming Liu, and Kevin Huynh.

Investors in Orange

Orange is backed by a mix of notable investors and partners including Samara AG, BRC20.com, MEXC Global, NxGen (with Simon M. & Joeri V.), Ferrum Network (with Ian Friend), theKOLLAB (with Kian Azarmi), and Centauri Digital Asset Group (with Serge Ajamian). These investors come from various backgrounds in crypto, blockchain, and finance, supporting Orange's decentralized finance ecosystem.

Investor Types

• Institutional investors and family offices
• High net worth individuals (HNWI)
• Crypto-focused venture capital firms and angel investors

Community and Network

Orange also benefits from a strong community and network through the Orange DAO Fellowship, which connects founders and startups with leading venture capitalists and angel investors in the crypto space.

For more details, visit Orange's official channels and community pages.

Halal Status of Orange

• No, Orange is not specifically listed or certified as halal by Islamic finance authorities or halal crypto screening platforms.
• There is no clear public information or Shariah compliance certification available for Orange.
• Generally, for a crypto token to be considered halal, it must comply with Islamic finance principles such as avoiding interest (riba), excessive uncertainty (gharar), and unethical activities.
• Since Orange is a Web3 reputation and creator ecosystem platform without explicit halal certification or Shariah screening, it cannot be confirmed as halal.

For more details, you may want to consult Islamic finance scholars or halal crypto advisory services.