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Oraichain Token Price

(ORAI)

$0.294
0.00%(5m)

1m5m15m1h8h1d1W
Oraichain Token (ORAI) Live Price Chart

    Oraichain Token Live Price Data

    The live price of Oraichain Token is 0.294, with a total trading volume of 18508.3946 in the last 24 hours. The price of Oraichain Token changed by +5.37% in the past day, and its value has increased by +8.08% over the last week. With a circulating supply of 13,823,700 ORAI, the market cap of Oraichain Token is currently 4050898.66274432206263000000 , marking a +5.37% increase today. Oraichain Token currently ranks #1301 in market cap.

    How do you feel about ORAI today?

    Note: This data is for reference only.
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    ORAI(ORAI) Profile

    altRank1301
    rate--
    Expand
    $0.278
    $0.295

    ATH
    $107.47632244
    Price Change (1h)
    0.00%
    Price Change (24h)
    +5.37%
    Price Change (7d)
    +8.08%
    Market Cap
    24h Volume
    Circulating Supply
    13,823,700
    Max Supply
    19,779,272

    About Oraichain Token

    • What Is Oraichain (ORAI) Crypto?

      Oraichain is an intelligent and secure solution for emerging web3, scalable dApps, and decentralized AI services. The platform lets developers build AI-powered decentralized applications and services without compromising privacy and security.

      Oraichain supports smart contracts, decentralized data storage and analysis, and integrates artificial intelligence and machine learning algorithms to help facilitate advanced analytics and decision-making processes. Oraichain is one of the leading blockchain platforms to offer AI

      services on-chain.

      ORAI is the native cryptocurrency of the Oraichain blockchain and is used for governance, staking, and offering incentives to network validators. ORAI holders can delegate their tokens to validators on the Oraichain network to help secure the network and earn rewards.

      The Oraichain network is governed by a decentralized autonomous organization (DAO), and ORAI token holders can become members of this DAO. DAO members can participate in the governance of the network and contribute to the ongoing development and plans for the Oraichain ecosystem.

    • How Does Oraichain Work?

      Oraichain is an AI-powered oracle and AI Layer 1 that provides a complete AI ecosystem, serving as a foundational layer for creating a new generation of smart contracts and dApps. The protocol is built on a CosmosSDK-based blockchain, which supports programming and smart contract execution using the Cosmwasm IDE.

      Its mechanism is similar to Band Protocol and Chainlink, but it focuses more on the quality of the AI models and APIs provided. The platform acts as a bridge that connects AI to blockchains, using AI models to consume and create data on the fly via virtual machines on smart contracts.

      Oraichain's AI-supported Layer 1 decentralized network was created to support the data economy and provide decentralized oracle services. It uses AI-based price prediction APIs as inputs to smart contracts, which helps to reduce the complexity of yield trading.

      Oraichain's AI technology provides accurate data and price prediction APIs, which smart contracts use to trigger certain actions. This allows developers to create advanced smart contracts that can perform complex functions in a secure and decentralized way.

    • When Was Oraichain Launched?

      Oraichain was founded by Dr. Chung Dao, Dr. Duy Vu, and Dr. Diep Nguyen, all experts in AI, blockchain, and finance. The Oraichain mainnet launch took place in February 2021, after which AI services, DeFi applications, and other technology powered by its technology were developed and released.

      Through 2021, Oraichain focused on developing partnerships, expanding its network of validators, and getting its native token, $ORAI, listed on leading exchanges. By the end of 2022, the number of network validators touched 34, while the number of delegators exceeded 10,000.

      More than 20 dApps were launched in the Oraichain ecosystem across AI, data, and web3 by this period. The OraiDEX - the native DEX of the blockchain, handled more than $22 million in trading volume from over 6,000 users since its launch in end-March 2022.

      In February 2023, the DAO voted on a proposal to apply new transaction fee settings across the Orachain ecosystem, including dApps, transaction types, and wallets. This vital upgrade helped prevent spam transactions and increased incentives for validators.

    FAQ

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