Exchange Oraichain (ORAI) at the Best Rates

Oraichain ($ORAI): Experience AI-Driven Innovation

Artificial intelligence and blockchain technology are currently being integrated into almost every sector of our economy, and there is a large number of projects in the crypto industry that have united AI and Web3. Oraichain is a startup that facilitates safe integration with Web3 and offers multiple reliable demonstrations of artificial intelligence. The company aims to create a dynamic ecosystem of products within DeFi, NFTs, Identity, Collective Intelligence, Asset Tokenization, Smart Healthcare, and other areas. Additionally, Oraichain provides developers with an accelerator program that funds creative ideas and offers technical assistance and business development support. Let’s take a closer look at ORAI crypto and its main characteristics to analyze its perspectives.

What Is Oraichain?

Oraichain is the first smart and safe option for developing Web3, scalable dApps, and decentralized AI. Oraichain might serve as a link between AI and smart contracts. While the Oraichain mechanism resembles both Chainlink and Band Protocol, it places greater emphasis on AI APIs and the caliber of the AI models that are offered. Test cases are connected to every user request, and in order for the provider's API to be paid, a predetermined amount of test cases must pass. What sets Oraichain apart is the validators' management of test case features and AI model quality.

The public blockchain Oraichain supports many user-generated data requests. The blockchain enables smart contracts to safely request data from external artificial intelligence APIs in addition to enabling consumers to do so. Utilizing Tendermint's Byzantine Fault Tolerance as a consensus mechanism, the blockchain was constructed with the Cosmos SDK to guarantee quick transaction confirmations. The Oraichain protocol is comparable to Delegated Proof-of-Stake (DPoS) in terms of consensus method.

Thanks to applying AI, Oraichain has developed many essential and innovative products and services including AI price feeds, fully on-chain VRF, Data Hub, AI Marketplace with 100+ AI APIs, AI-based NFT generation, and NFT Marketplace, Royalty Protocol, AI-powered Yield Aggregator Platform, and Cosmwasm IDE.

ORAI Coin

Native $ORAI tokens are required to secure and power the decentralized oracle network of validators. The native ORAI token is used in different scenarios below: 

1. Staking for validators: all validators are required to stake ORAI in order to be selected to create a block or fulfill data requests.
2. Transaction fee: the ORAI token is required in order to run an AI request sent to the Oraichain network.
3. Participation in network governance. Governance on Oraichain is done by the community in a DAO model. Anyone owning ORAI tokens is able to participate in the governance of the network. 

Validators stake their tokens and receive rewards for securing the network. Other users are also able to delegate their tokens to existing validators and share in those rewards proportionally. It’s important that delegators do understand that this is not passive income. Delegators need to actively monitor the validators to ensure they continue to perform well within the ecosystem. If they are delegating to a malicious validator they risk having their delegated tokens slashed. So, delegators are equally responsible for ensuring the Oraichain ecosystem remains secure and of high quality.

Oraichain Features

The project offers a number of features, including:

1. AI Oracles: Smart contracts can safely access external AI APIs with the help of Oraichain. Intelligent artificial intelligence improves smart contracts.
2. AI Marketplace: Users can search, browse, and select from an ever-growing selection of AI models and algorithms from various global vendors. To improve your application's functionality and value, develop it in conjunction with the integration of AI services.
3. AI Provider: AI creators, whether they be individuals or organizations, may publish, edit, and manage their work while receiving rewards from users worldwide. As a result, you may continue to gather data, enhance your models, and offer top-notch AI services.
4. Earning and Staking: Users will be able to take part in the system as a governor and earn extra by staking their ORAI tokens into one or more validators. Additionally, their contributions will benefit the network's operations.
5. Users and AI requests: Since service providers might not have sufficient resources to offer a stand-alone AI service application, users can submit various requests to AI services that are difficult to obtain elsewhere. If the services are excellent, it may be worthwhile to consider contributing money to help them expand.

AI Oracle

Oraichain is designed to enhance the utility of smart contracts by allowing them access to external APIs which are AI-driven. Current oracle blockchains are primarily focused on price oracles, but Oraichain plans on changing all that. With Oraichain dApps gain new and useful functionality by being able to use reliable external AI data. This is accomplished by sending requests to validators who acquire and test data from various external AI APIs. Once confirmed the data is stored on-chain, ensuring its reliability and allowing it to be used as proof in the future.

AI Marketplace

Oraichain is designed to enhance the utility of smart contracts by allowing them access to external APIs which are AI-driven. Current oracle blockchains are primarily focused on price oracles, but Oraichain plans on changing all that. With Oraichain dApps gain new and useful functionality by being able to use reliable external AI data. This is accomplished by sending requests to validators who acquire and test data from various external AI APIs. Once confirmed the data is stored on-chain, ensuring its reliability and allowing it to be used as proof in the future.

Who Is the CEO of Oraichain?

Chung Dao remains as Global CEO of Oraichain Pte. Ltd. and will lead the vision for Oraichain's global expansion. 

Is Oraichain a Good Investment?

While the price of Oraichain remains low, especially if compared to its all-time high of over $100, it is certain that the platform is developing and growing. Just recently, the team behind Oraichain has teamed up with Oasis Protocol to introduce more privacy options for builders and users of the Cosmos ecosystem. With a robust blockchain infrastructure and expanding market, Oraichain is a promising artificial intelligence project; nevertheless, it still has to address some issues. The question of investing into Oraichain crypto will depend solely on the investor’s ability to take risks.

Where to Buy ORAI Crypto?

StealthEX is here to help you buy Oraichain coin. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy Oraichain (ORAI) Token?

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, BTC to ORAI. 
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.