ORAI
Gaining widespread adoption among blockchain developers and dApp creators is crucial for long-term success.
Tags:CryptocurrenciesETH tokenOraichain is a decentralized oracle network that aims to provide reliable, accurate, and tamper-proof data feeds for smart contracts on various blockchains. It utilizes a unique hybrid AI/VRF (Verifiable Random Function) approach to achieve its goals.
Key Features:
- AI-Powered Data Aggregation: Leverages artificial intelligence (AI) to gather and process data from multiple sources, ensuring data accuracy and relevance.
- VRF-Based Randomness: Employs Verifiable Random Function (VRF) to generate provably random numbers, crucial for fair and transparent decentralized applications (dApps).
- Decentralized Architecture: Built on a decentralized network of nodes, promoting data integrity and resistance to manipulation.
- Multichain Compatibility: Designed to be compatible with various blockchain platforms, enabling cross-chain data utilization.
ORAI Token:
- Utility: ORAI serves as the native token of the Oraichain ecosystem.
- Staking: Token holders can stake ORAI to earn rewards and participate in network governance.
- Payment: Used to pay for data requests and other services within the Oraichain network.
Benefits of Oraichain:
- Enhanced Smart Contract Security: Provides reliable data feeds for smart contracts, reducing the risk of oracle-related attacks.
- Chainlink Alternative: Offers a decentralized and potentially more secure alternative to existing oracle solutions like Chainlink.
- Enable New dApps: Facilitates the development of dApps that rely on accurate and verifiable data from the real world.
Challenges:
- Competition: The oracle space is competitive, with established players like Chainlink and emerging rivals.
- Adoption: Gaining widespread adoption among blockchain developers and dApp creators is crucial for long-term success.
- Technical Complexity: The integration of AI and VRF adds complexity to the system, requiring ongoing maintenance and development.
ORAI Tokenomics:
- Total Supply: 1,000,000,000 ORAI
- Token Allocation:
- 35% Ecosystem Development
- 30% Team and Advisors
- 20% Public Sale
- 10% Private Sale
- 5% Seed Sale
Additional Resources:
- Oraichain Whitepaper: https://docs.orai.io/
- Oraichain Website: https://orai.io/
- ORAI CoinMarketCap Listing: https://coinmarketcap.com/currencies/oraichain-token/
| ORAI | |
| Max. supply: | 19,779,272 ORAI |
| Contracts: Ethereum | 0x4c11249814f11b9346808179cf06e71ac328c1b5 |
| X: | @oraichain |
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