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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
- 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.
- 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.
- ORAI can be purchased through various centralized and decentralized exchanges, such as Binance, KuCoin, and Uniswap.
- 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.
- Like all crypto assets, ORAI's value can fluctuate significantly, influenced by market conditions, project developments, and regulatory uncertainties.
- Oraichain focuses on providing a decentralized, trusted, and scalable solution for data oracles, enabling the secure integration of real-world data into smart contracts.
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