Oraichain (ORAI) is a native cryptocurrency token of the Oraichain network, a blockchain platform that focuses on integrating artificial intelligence (AI) and smart contracts.
The project aims to bridge the gap between AI and blockchain technologies, allowing AI services and data to be utilized in a decentralized and secure manner. Oraichain enables AI developers to deploy their AI models and services on the blockchain, making them accessible to a wider audience while maintaining transparency and security.
Oraichain supports the development of smart contracts that can interact with AI models, enabling AI-based decisions and data processing within decentralized applications (dApps).
Moreover, Oraichain operates a decentralized oracle network that connects real-world data to the blockchain. This allows smart contracts to access external information for decision-making.
ORAI Token (ORAI)
ORAI is the native utility token of the Oraichain network. ORAI token holders can stake their tokens to participate in the network’s Proof-of-Stake (PoS) consensus mechanism and earn rewards for securing the network.Â
ORAI tokens are used to pay transaction fees on the Oraichain network when interacting with smart contracts or conducting other actions.
Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by CoinIdol. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.
