What is ORAI coin? Introduction to platforms that can buy and sell ORAI coins

The ORAI protocol, deploying its native ORAI coin, empowers blockchain applications with secure data feeds, fostering the accuracy and efficiency of decentralized ecosystems.

Oct 04, 2024 at 10:48 am

What is ORAI Coin? A Comprehensive Overview

1. Definition:
ORAI coin is the native token of the ORAI protocol, a decentralized oracle network that provides secure and cost-effective data feeds for blockchain applications and smart contracts. ORAI supports a wide range of data types, including market prices, weather conditions, and event outcomes.

2. Purpose:
a. Data Verification: ORAI tokens are used to reward participants for providing and verifying data sources within the ORAI network.
b. Governance: Holders of ORAI coins have governance rights and can participate in protocol decisions and upgrades.

3. Platform Use:
The ORAI protocol is used by various blockchain projects and smart contracts, including DeFi protocols, decentralized exchanges, and asset management platforms.

4. Tokenomics:
The total supply of ORAI coins is 100 million, with approximately 75% in circulation. The distribution of ORAI tokens is as follows:

• Team and Development: 15%
• Seed Round: 10%
• Private Sale: 15%
• Public Sale: 60%

Platforms to Buy and Sell ORAI Coin:

1. Centralized Exchanges:
a. Binance: One of the largest and most popular crypto exchanges, with high liquidity for ORAI trading pairs.
b. Huobi Global: A well-known crypto exchange with a strong presence in Asia, offering ORAI trading against various fiat currencies.
c. Gate.io: A crypto exchange focusing on altcoin trading, allowing you to trade ORAI with a wide range of cryptocurrencies.

2. Decentralized Exchanges:
a. Uniswap: A popular DEX on the Ethereum network, facilitating decentralized trading of ORAI coins against ETH and other ERC-20 tokens.
b. PancakeSwap: A leading DEX on the Binance Smart Chain (BSC), offering low fees and fast transaction times for ORAI trading.
c. TraderJoe: A DEX on the Avalanche network, providing liquidity for ORAI and other projects built on the platform.