What is ORAI coin? A comprehensive introduction to ORAI coin project in one article

ORAI coin, the native cryptocurrency of THORChain, enables cross-chain liquidity, decentralized governance, staking, and incentivizes network participants.

Oct 07, 2024 at 03:54 pm

ORAI Coin: A Comprehensive Overview

1. What is ORAI Coin?

ORAI coin is a native cryptocurrency that powers the THORChain protocol. THORChain is a decentralized, cross-chain liquidity protocol that enables the peer-to-peer exchange of crypto assets across multiple blockchains.

2. Key Features of ORAI Coin:

• Cross-chain Liquidity: ORAI coin serves as a liquidity token, facilitating the efficient exchange of assets between different blockchains.
• Decentralized Governance: Holders of ORAI coins participate in the governance of the THORChain protocol, voting on proposal and parameter changes.
• Staking Mechanism: ORAI holders can stake their coins to earn rewards and participate in the security of the network.
• Native Incentives: ORAI is used to incentivize liquidity providers and node operators within the THORChain ecosystem.

3. ORAI Coin Use Cases:

• Cross-Chain Trading: ORAI can be used to exchange crypto assets across multiple blockchains, such as Bitcoin, Ethereum, Litecoin, and Binance Coin.
• Liquidity Provision: Users can stake ORAI to provide liquidity to the THORChain pools, earning rewards for their contribution.
• Protocol Governance: ORAI holders have voting power to influence the direction of the THORChain protocol.
• Staking Rewards: Staking ORAI provides token holders with rewards in the form of ORAI coins and transaction fees.

4. Oraichain (ORAI) Tokenomics:

• Token Symbol: ORAI
• Total Supply: 1,000,000,000

• Distribution:

  • Anchor Pool Staking: 65%
  • Community: 15%
  • Team: 10%
  • Reserve: 10%

5. Benefits of Holding ORAI Coin:

• Potential for Price Appreciation: As the THORChain protocol grows in popularity, the demand for ORAI coin may increase, leading to price appreciation.
• Staking Rewards: Holders of ORAI coins can earn rewards by staking their tokens on the network.
• Governance Rights: ORAI holders have a say in the future of the THORChain protocol through the participation in governance.

6. Where to Buy ORAI Coin:

ORAI coin can be purchased on several cryptocurrency exchanges, including:

• Binance
• Huobi Global
• Uniswap
• Kraken
• Gate.io