Convert ORAI to TWD

Oraichain is a pioneering AI-powered blockchain platform designed to bridge the gap between artificial intelligence and Web3, creating a secure and verifiable ecosystem for AI services.

Key takeaways

• Oraichain is a Layer 1 blockchain specifically built to integrate and verify AI services, acting as an "AI Oracle" for smart contracts.
• Its core technology, the AI Oracle, allows smart contracts to securely access and execute off-chain AI APIs, enabling AI-powered decentralized applications (dApps).
• The platform features a unique consensus mechanism, Proof-of-AI-Execution (PoAI), which validates the correctness of AI model outputs.
• The native ORAI token is essential for paying AI service fees, staking for network security, and participating in governance.
• Oraichain supports a growing ecosystem, including an AI Marketplace, data management tools, and specialized subnets for AI models.

What is Oraichain? Key Specifications & Tokenomics

Oraichain is a foundational blockchain infrastructure that brings verifiable and trustworthy AI to the decentralized world, enabling developers to build next-generation dApps.

Who created Oraichain (ORAI)?

Oraichain was founded by Dr. Chung Dao and a team of AI and blockchain researchers. The project originated from a vision to solve the critical trust and verification issues when integrating AI with blockchain technology. Dr. Dao, with a strong background in AI and data science, identified the need for a dedicated infrastructure where AI models could be executed reliably and their outputs verified on-chain. The development is led by Oraichain Labs, which continues to drive research and expansion of the ecosystem. The project has garnered support from various venture capital firms and has established key partnerships within both the AI and blockchain industries to foster adoption.

How does Oraichain (ORAI) work?

Oraichain operates as a specialized Layer 1 blockchain with several core components working in tandem:

• AI Oracle: This is the heart of the network. It acts as a secure middleware that fetches data from off-chain sources, executes AI models via APIs, and delivers the verified results to smart contracts on any blockchain.
• Proof-of-AI-Execution (PoAI): A unique consensus layer where validators not only stake ORAI tokens but also execute AI requests. They must reach a consensus on the AI output, ensuring its correctness and preventing manipulation.
• Oraichain Virtual Machine (Owasm): A custom virtual machine optimized for handling AI and data requests efficiently, supporting the execution of complex AI workflows.
• AI Marketplace: A decentralized platform where developers can publish, monetize, and consume AI services. Users pay for these services using ORAI tokens.
• Interoperability: While being its own chain, Oraichain is designed to be interoperable, serving as an AI oracle for other major blockchains like Ethereum, BNB Chain, and Cosmos.

What makes Oraichain (ORAI) unique and valuable

Oraichain's primary innovation lies in its focus on creating a verifiable and decentralized AI ecosystem, which addresses a significant gap in Web3.

• First AI-Powered Oracle: It positions itself as the world's first AI Oracle solution, enabling smart contracts to become truly "smart" by leveraging external AI logic.
• Trust and Verification (PoAI): The Proof-of-AI-Execution mechanism is a groundbreaking approach to ensuring the integrity of AI model outputs in a trustless environment, which is crucial for financial or high-stakes dApps.
• Full-Stack AI Ecosystem: Unlike generic oracles, Oraichain provides a complete suite of tools: the blockchain, the oracle, a data management system (Vessel), and a marketplace. This integrated approach simplifies development for AI-focused projects.
• EVM Compatibility: By supporting the Ethereum Virtual Machine, it lowers the barrier to entry for millions of existing Web3 developers who can now easily incorporate AI into their dApps.
• Real-World Utility: It enables practical use cases that were previously difficult or impossible on blockchain, such as dynamic NFT generation based on AI, decentralized AI-powered trading, credit scoring, and personalized DeFi services.

What is Oraichain (ORAI) used for?

The ORAI token is the utility and governance backbone of the Oraichain ecosystem, with several key use cases:

• Payment for AI Services: All fees for accessing and executing AI models on the AI Marketplace or through the oracle are paid in ORAI.
• Network Security and Staking: Users can stake ORAI tokens to become validators or delegators, securing the network and earning staking rewards in return.
• Governance: ORAI holders can participate in the decentralized autonomous organization (DAO) to vote on proposals regarding protocol upgrades, treasury management, and ecosystem development.
• Gas Fees: ORAI is used to pay for transaction fees (gas) on the Oraichain mainnet.
• Ecosystem Incentives: The token is used to incentivize developers to build dApps, data providers to supply quality data, and users to participate in the network.

How to buy ORAI Coin?

ORAI is a popular cryptocurrency listed on several exchanges. For a secure and streamlined experience, we recommend using a major platform like BTCC, known for its high liquidity and robust user support.

1. Register a BTCC Account: Sign up using your email or phone number. Complete the KYC verification process to unlock all platform features and benefits.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. (How to buy USDT on BTCC)
3. Start Trading: Navigate to the trading section. Search for the spot trading pair ORAI/USDT or the perpetual contract ORAIUSDT.
4. Place an Order: Enter the amount of ORAI you wish to purchase and submit your order. For contract trading, you can also choose to go short (sell) and adjust leverage according to your strategy.
5. Confirm Your Purchase: For spot purchases, check your asset wallet to confirm the ORAI tokens have been deposited. For futures, check your open positions on the trading page.