Oraichain (ORAI) currency circulation

Oraichain's hybrid consensus mechanism, combining PoS and DRG, enhances security and data verification through its AI capabilities, distinguishing it from other oracle networks.

Dec 23, 2024 at 10:16 am

Oraichain (ORAI) Currency Circulation

Key Points:

• Oraichain's unique consensus mechanisms and AI capabilities
• Use cases and applications of the ORAI token
• ORAI's supply, distribution, and tokenomics
• Current and historical price data and market analysis
• Where to buy, sell, and store ORAI tokens

Oraichain's Consensus Mechanism and AI Capabilities

Oraichain is a decentralized oracle network that combines blockchain technology with artificial intelligence (AI) to provide reliable and secure data for smart contracts. The network uses a unique hybrid consensus mechanism called "Proof-of-Stake (PoS) with Distributed Random Generation (DRG)." DRG is an AI-based protocol that generates random numbers in a distributed manner, enhancing the security and unpredictability of block selection.

Oraichain's AI capabilities extend beyond its consensus mechanism. The network's AI engine, known as ORAI, can autonomously collect and verify data from various sources, enabling smart contracts to access real-world information in a secure and tamper-proof manner. This feature sets Oraichain apart from other oracle networks and has significant implications for the development of blockchain applications.

Use Cases and Applications of ORAI

The ORAI token serves as the native currency of the Oraichain ecosystem and has multiple use cases and applications.

• Payment for Oraichain services: Users can pay for Oracle services, such as data requests and smart contract execution, using ORAI tokens.
• Staking: ORAI holders can earn rewards by staking their tokens in the network. Staking contributes to the security and decentralization of Oraichain and provides passive income for ORAI holders.
• Governance: ORAI token holders have voting power in the Oraichain decentralized autonomous organization (DAO). They can participate in decision-making processes that impact the future development and operation of the network.
• DeFi applications: ORAI can be used as collateral in DeFi applications, such as lending and borrowing protocols, or as a medium of exchange in decentralized exchanges.

ORAI's Supply, Distribution, and Tokenomics

ORAI has a total maximum supply of 10 billion tokens. The initial distribution of ORAI tokens was as follows:

• Public sale: 50%
• Private sale: 20%
• Team and advisors: 15%
• Foundation: 10%
• Ecosystem reserve: 5%

The ORAI Foundation is responsible for managing the ecosystem reserve, which is allocated to support the growth and development of the Oraichain ecosystem.

Current and Historical Price Data and Market Analysis

As of [date], the price of ORAI is [USD value]. The token has experienced significant price volatility since its launch, with a [percentage] change in value over the past year.

In terms of market capitalization, ORAI ranks [number] among all cryptocurrencies, with a market cap of approximately [USD value]. The daily trading volume of ORAI is [USD value], indicating healthy liquidity in the market.

Technical indicators suggest that ORAI is in a [trend] trend, with [indicators] pointing to [outlook].

Where to Buy, Sell, and Store ORAI Tokens

ORAI tokens can be purchased, sold, and stored on a variety of cryptocurrency exchanges and wallets.

• Major exchanges: ORAI is listed on several major cryptocurrency exchanges, including [exchange names].
• Decentralized exchanges (DEX): ORAI can also be traded on decentralized exchanges, such as [DEX names].
• Wallets: ORAI can be stored in both software and hardware wallets. Supported wallets include [wallet names].

FAQs

What is Oraichain (ORAI)?

Oraichain is a decentralized oracle network that combines blockchain technology with AI to provide reliable and secure data for smart contracts.

What is the ORAI token used for?

ORAI is the native currency of the Oraichain ecosystem and is used for paying for Oracle services, staking, governance, and DeFi applications.

Where can I buy ORAI tokens?

ORAI tokens can be purchased on cryptocurrency exchanges, such as [exchange names].

How can I store ORAI tokens?

ORAI tokens can be stored in supported software and hardware wallets, such as [wallet names].

What is the total supply of ORAI tokens?

The total maximum supply of ORAI tokens is 10 billion.

What is the current price of ORAI?

The current price of ORAI is [USD value] as of [date].

What is the market capitalization of ORAI?

The market capitalization of ORAI is approximately [USD value] as of [date].

What is the consensus mechanism used by Oraichain?

Oraichain uses a unique hybrid consensus mechanism called "Proof-of-Stake (PoS) with Distributed Random Generation (DRG)."