Oraichain (ORAI)

Oraichain is a solution for emerging Web3, scalable Dapps, and decentralized AI

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Utility

From Citadel One (2-7-2022):

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"

Technology

• Whitepaper or docs can be found here.
• Code can be viewed here.

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Oracle Method

• From Citadel One (2-7-2022):

"AI Oracles: Oraichain enables smart contracts to securely access external AI APIs. Artificial Intelligence helps enhance smart contracts. Integrations to the hub have already been carried out and more than 100 oracle AIs have been launched."

Their Other Projects

• From Citadel One (2-7-2022):

1. "AI Oracles: Oraichain enables smart contracts to securely access external AI APIs. Artificial Intelligence helps enhance smart contracts.
2. AI Marketplace: Have access to, look up, and choose ever-increasing AI algorithms and models from different providers around the world. Develop your applications along with the integration of AI services to increase your application functionalities as well as values.
3. AI Provider: AI developers, individuals or companies, can have a chance to publish, edit, and manage their work and earn rewards from the users on a global scale. Hence, you can improve your models, even more, collect data and continue to provide exceptional AI services.
4. OraiDEX will include four main functions: Token Bridging, OraiSwap, IBC Integration and NFT Bridge."

Roadmap

• Can be found [Insert link here].

Competition

• From Citadel One (2-7-2022):

"The proposed Oraichain could be a bridge to bring AI to smart contracts. The Oraichain mechanism seems similar to Band Protocol and Chainlink, but it focuses more on AI APIs and the quality of the provided AI models. In each user request, test cases are attached, and the providers’ API must pass a certain number of test cases to receive payment. The validators manage the features of test cases and AI model quality, and that makes Oraichain unique and different."

Team, Funding and Partners

Team

• Full team can be found [here].
• From Citadel One (2-7-2022):

"Oraichain has more than 50 people with most of us based in Vietnam and several people are in the USA, Singapore, and the EU."

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