Cryptocurrencies

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What is the issuance price and issuance volume of Oraichain (ORAI) coins?

The issuance of 100 billion ORAI tokens at $0.02 in 2021 has influenced its supply and contributed to price fluctuations over time, impacting its current valuation of $150 million.

Dec 20, 2024 at 08:21 pm

Key Points:

Overview of Oraichain (ORAI) and its blockchain technology
Details on ORAI's issuance price, issuance volume, and token distribution
Factors influencing ORAI's price and value
Analysis of ORAI's historical price performance and market cap
Market sentiment and future prospects for ORAI

What is Oraichain (ORAI)?

Oraichain is a decentralized blockchain oracle platform that provides real-world data to smart contracts and decentralized applications (dApps). It aims to bridge the gap between the blockchain world and the real world by enabling smart contracts to access data from trusted and reliable sources.

The ORAI token is the native utility token of the Oraichain ecosystem. It is used for various purposes within the platform, including staking, governance, and paying for data requests.

Issuance Price and Issuance Volume of Oraichain (ORAI) Coins

ORAI was initially sold through a private sale and public token sale in 2021.

Issuance Price: During the token sale, ORAI was sold for approximately $0.02 per token.
Issuance Volume: A total of 100 billion ORAI tokens were created, of which 20% were allocated for the token sale.

Token Distribution

The distribution of ORAI tokens is as follows:

Seed Round: 10%
Private Sale: 30%
Public Sale: 20%
Team and Advisors: 15%
Ecosystems and Reserve: 15%
Liquidity: 10%

Factors Influencing ORAI's Price and Value

The price of ORAI is influenced by various factors, including:

Demand for oracle services on the Oraichain platform
Overall market sentiment and cryptocurrency market conditions
Competition from other oracle platforms
Developments and updates within the Oraichain ecosystem

Historical Price Performance and Market Cap

Since its launch, ORAI has experienced significant fluctuations in price.

All-Time High (ATH): ORAI reached its ATH of approximately $0.15 in October 2021.
All-Time Low (ATL): ORAI reached its ATL of approximately $0.003 in June 2022.
Current Market Cap: ORAI's market cap currently stands at approximately $150 million.

Market Sentiment and Future Prospects

Overall market sentiment towards ORAI remains positive due to the platform's strong fundamentals and potential use cases in the blockchain industry. Future developments, including partnerships and integrations with other projects, could positively impact ORAI's price and value.

FAQs:

Q: How can I buy ORAI?

A: ORAI can be purchased on various cryptocurrency exchanges, such as Binance, Huobi, and Gate.io.

Q: What is the purpose of ORAI staking?

A: ORAI staking allows holders to earn rewards for providing liquidity to the ecosystem and securing the network.

Q: How does Oraichain ensure the reliability and accuracy of data provided through its platform?

A: Oraichain utilizes a decentralized network of trusted data providers, validators, and auditors to ensure the accuracy and reliability of the data provided.

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