How much is the Oraichain (ORAI) currency issued?

The initial maximum supply of ORAI, the native token of the Oraichain ecosystem, was set at 1 billion, with a circulating supply of approximately 350 million tokens as of writing.

Dec 23, 2024 at 09:10 pm

Key Points:

• Understanding Oraichain (ORAI): An overview of the purpose, use cases, and key features of the project.
• Tokenomics of ORAI: A comprehensive analysis of the token issuance, distribution, and supply dynamics.
• How to Acquire ORAI: A detailed guide on how to obtain ORAI through different channels.
• Storing ORAI Safely: Best practices for securing ORAI holdings in various storage options.
• Trading ORAI on Exchanges: An exploration of the trading platforms available for ORAI and how to buy and sell it.
• Investing in ORAI: Considerations: Factors to consider before investing in ORAI, potential risks, and investment strategies.

How Much Is Oraichain (ORAI) Currency Issued?

Tokenomics of ORAI:

• ORAI is the native token of the Oraichain ecosystem, used primarily for network fees, staking, and governance.
• Initially, a maximum supply of 1 billion ORAI was created.
• Over time, a proportion of this supply has been allocated to various use cases, including:

• Foundation Reserve: 40%, allocated for long-term development and ecosystem growth.
• Team: 15%, vested over four years to reward early contributors.
• Advisors: 5%, vested over three years to compensate strategic partners.
• Community Pool: 20%, distributed to the community through incentives and rewards.
• Ecosystem: 10%, reserved for collaborations, partnerships, and business development.
• Public Sale: 5%, offered to the public through private and public sales.

• As of writing, the circulating supply of ORAI is approximately 350 million tokens, with a market capitalization exceeding $500 million.
• The token economics are designed to ensure a balance between value creation, liquidity, and long-term sustainability for the Oraichain ecosystem.

FAQs:

Q: How can I buy ORAI?

• ORAI can be purchased through various centralized and decentralized exchanges, such as Binance, KuCoin, and Uniswap.

Q: Where should I store ORAI?

• ORAI can be stored in hardware wallets like Ledger and Trezor, as well as software wallets such as MetaMask, Trust Wallet, and the Oraichain Wallet.

Q: What are the potential risks of investing in ORAI?

• Like all crypto assets, ORAI's value can fluctuate significantly, influenced by market conditions, project developments, and regulatory uncertainties.

Q: How does Oraichain differentiate itself from other projects?

• Oraichain focuses on providing a decentralized, trusted, and scalable solution for data oracles, enabling the secure integration of real-world data into smart contracts.