Oraichain Price(ORAI)

Oraichain (ORAI) is a blockchain platform established in 2020 that acts as the world's first AI-powered oracle and an AI Layer 1 blockchain. Its core mission is to bridge artificial intelligence with blockchain technology, allowing smart contracts to securely access external AI application programming interfaces (APIs). Oraichain aims to enable verifiable and trustless AI services across various Web3 applications. The project utilizes a decentralized oracle network to connect blockchains with real-world data and AI capabilities. It is built on the Cosmos SDK and employs a Delegated Proof-of-Stake (DPoS) consensus mechanism for security and scalability. A unique aspect of Oraichain is its focus on the quality of AI models, which are validated through test cases where providers' APIs must pass specific criteria to receive payment. Key features of the Oraichain ecosystem include AI Oracles, which enable smart contracts to integrate AI-driven functionalities, and an AI Marketplace where developers can publish, manage, and monetize AI services. The platform also includes a Data Marketplace (formerly DINO Data Hub) that facilitates the exchange of test case data and AI services. Oraichain's applications span several sectors. In decentralized finance (DeFi), it supports AI-based yield farming and provides AI-driven price feeds for smarter contracts. Other use cases include supply chain verification, loan decision-making, fake news detection, biometric authentication, and the generation and copyright protection of non-fungible tokens (NFTs). The ORAI token is integral to the Oraichain ecosystem. It is used for payments to access AI services, for staking by validators to secure the network and process transactions, and for participating in network governance, allowing token holders to vote on protocol upgrades and parameter changes. The Oraichain Mainnet was launched on February 24, 2021. The founding team includes Chung Dao, Duc Le Pham, Pham Thanh Tu, Diep Nguyen, and Thao Nguyen Tien. Learn more

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