What is the issue volume of ORAI coin? One article to introduce the application scenarios of ORAI coin

ORAI's application versatility encompasses payment gateways, oracle services, governance, staking, DeFi, NFT marketplaces, and cross-chain compatibility, providing diverse utilities within its ecosystem.

Oct 08, 2024 at 11:12 pm

ORAI Coin: Issuance Volume and Application Scenarios

ORAI Coin Issuance Volume

ORAI coin has a total issuance volume of 100 million tokens, with a current circulating supply of approximately 50 million tokens. The distribution of ORAI coins is as follows:

• 35%: Distributed through public and private sales
• 25%: Allocated to the ORAI team and ecosystem
• 20%: Reserved for future ecosystem development
• 10%: Allocated to community growth and marketing
• 10%: Reserved for strategic partnerships

ORAI Coin Application Scenarios

ORAI coin has a wide range of application scenarios within the ORAI Network ecosystem. These include:

1. Payment Gateway:

ORAI coin can be used as a payment method for goods and services within the ORAI Network, enabling fast, secure, and low-cost transactions.

2. Oracle Services:

Users can purchase ORAI coins to access reliable and tamper-proof oracle services provided by the ORAI Network. These services provide secure data feeds and connectivity to real-world data.

3. Network Fees and Governance:

ORAI coin is used to pay for network fees, such as transaction fees and gas charges. Additionally, ORAI coin holders can participate in network governance by voting on proposals that affect the network's direction.

4. Staking and Rewards:

Holders of ORAI coins can stake their tokens to contribute to the network's security and earn rewards. Stakers receive rewards in the form of additional ORAI coins, which incentivizes them to participate in the network.

5. DeFi Applications:

ORAI coin can be used as a liquidity provider in DeFi applications built on the ORAI Network, enabling users to earn interest on their ORAI holdings.

6. NFT Marketplace:

ORAI coin is used to purchase and trade NFTs (non-fungible tokens) on the ORAI NFT Marketplace. This allows users to securely own and exchange digital assets that represent ownership of unique items.

7. Cross-Chain Compatibility:

ORAI coin is designed to be cross-chain compatible, meaning it can be used on multiple blockchain networks. This enables users to transfer ORAI coins between different networks and access a wider range of applications and services.