What is the total supply of Oraichain (ORAI) coins?

Oraichain (ORAI) is a decentralized data oracle platform that allows smart contracts to securely access real-world data, events, and computations, unlocking the potential of dApps and blockchain technology.

Dec 20, 2024 at 12:06 pm

Key Points:

• What is Oraichain (ORAI)?
• Unique Features of Oraichain
• Oraichain's Token Economics and Token Distribution
• Oraichain's Use Cases and Partnerships
• The Total Supply of Oraichain (ORAI) Coins
• Factors Affecting the Value of ORAI
• FAQs Related to Oraichain

What is Oraichain (ORAI)?

Oraichain is a decentralized data oracle and AI platform that enables smart contracts to access real-world data, events, and computations. It provides a secure and reliable way for smart contracts to interact with external data sources, unlocking the full potential of decentralized applications (dApps) and blockchain technology.

Unique Features of Oraichain

Oraichain offers several unique features that differentiate it from other data oracles:

• Decentralized and Secure: Oraichain is built on a decentralized network of nodes operated by AI service providers. This ensures data integrity, reliability, and protection from manipulation.
• AI-Powered Data Fetching: Oraichain integrates artificial intelligence (AI) into its data fetching process, allowing it to perform complex computations and extract insights from unstructured data.
• Cost-Effective: Oraichain uses a native token (ORAI) as gas for data requests, providing a cost-effective way for developers to access high-quality data.
• Cross-Chain Compatibility: Oraichain is compatible with multiple blockchain platforms, including Ethereum, Binance Smart Chain, and Polygon, enabling data sharing and interoperability across different ecosystems.

Oraichain's Token Economics and Token Distribution

ORAI is the native utility token of the Oraichain ecosystem. It is used for:

• Payment for data requests and computations on the Oraichain network
• Staking to secure the network and earn rewards
• Governance voting and participation in platform decisions

The total supply of ORAI coins is 1,000,000,000. The token distribution is as follows:

• Founding Team: 5%
• Investors and Advisors: 15%
• Market Sale: 30%
• Ecosystem Fund: 20%
• Foundation Reserve: 20%
• Staking and Liquidity Provision: 10%

Oraichain's Use Cases and Partnerships

Oraichain's data oracle capabilities have applications in various sectors, including:

• DeFi: Enabling lending and borrowing platforms to access real-time data for credit scoring and risk assessment.
• Insurance: Providing oracles for actuaries to improve risk modeling and underwriting processes.
• Healthcare: Facilitating the secure sharing of medical records and clinical trial data.
• Supply Chain: Enhancing transparency and traceability by providing oracles for product provenance and inventory management.

Oraichain has established partnerships with leading organizations such as the World Economic Forum, IBM, and Mastercard. These collaborations aim to drive the adoption and development of data oracle solutions across industries.

Factors Affecting the Value of ORAI

The value of ORAI coins is influenced by several factors:

• Adoption and Utilization: The demand for Oraichain's data oracle services directly impacts the value of its token.
• Overall Cryptocurrency Market Conditions: The broader cryptocurrency market trends can affect the price of ORAI.
• Token Supply and Distribution: The circulating supply of ORAI and the distribution of tokens among holders influence its price.
• Community and Development: The strength of Oraichain's community, the technical development, and the roadmap for the platform play a role in its value.
• Competition: The competition from other data oracle solutions can influence the market demand for ORAI.

FAQs Related to Oraichain

Q: What is the total supply of ORAI coins?
A: The total supply of ORAI coins is 1,000,000,000.

Q: Where can I buy or sell ORAI tokens?
A: ORAI is available for trading on various cryptocurrency exchanges, including Binance, OKX, and KuCoin.

Q: What are the staking options available for ORAI holders?
A: ORAI holders can stake their tokens to secure the network and earn rewards through the Oraichain Staking Program.

Q: What are the potential use cases for Oraichain?
A: Oraichain's data oracle services find applications in various sectors, including DeFi, insurance, healthcare, supply chain, and more.

Q: What are the advantages of using Oraichain's data oracles?
A: Oraichain's oracles offer decentralization, security, AI-powered data fetching, cost-effectiveness, and cross-chain compatibility.