What is ORAI coin? What can ORAI coins do? How to store ORAI coins?

ORAI Coin, the native token of the ORAI Network, enables device connectivity, data sharing, and monetization within the ecosystem, serving as a medium of exchange for transactions and a reward for participation.

Oct 08, 2024 at 03:54 am

What is ORAI Coin?

1. Definition: ORAI is the native token of the ORAI Network, a decentralized platform that enables users to connect devices, share data, and monetize their resources.
2. Functionality: ORAI Coin serves as the medium of exchange within the ORAI ecosystem, facilitating transactions, data purchases, and rewards for participation in the network.

What Can ORAI Coins Do?

1. Transaction Fees: ORAI Coins are used to pay for transaction fees when using the ORAI Network.
2. Data Purchases: Users can purchase data from sensors and devices connected to the ORAI Network, using ORAI Coins as payment.
3. Incentivization: ORAI Coins are rewarded to users who provide data and contribute to the growth of the ORAI ecosystem.

How to Store ORAI Coins?

1. Official ORAI Wallet: Users can store ORAI Coins in the official ORAI Wallet, which is available for download on the ORAI Network website.
2. Hardware Wallets: Hardware wallets, such as the Ledger Nano or Trezor, provide a secure and recommended method for storing ORAI Coins.
3. Trusted Exchange Wallets: ORAI Coins can also be stored in the wallets of trusted cryptocurrency exchanges, such as Binance or Coinbase.