Oraichain Token logo

Oraichain Token

ORAI

4.9

Add a rating

Trade Oraichain Token on DEX

Oraichain Token can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

Market

Market stats

Market cap

$27.7M

Volume (24h)

$658,227.80

Circulating supply

12.7M ORAI

All time high

$107.48

Price change (1h)

+2.32%

Price change (24h)

+4.5%

Price change (7d)

+2.59%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

Oraichain Token is on the rise this week.

The price of Oraichain Token has risen by 2.59% in the past 7 days. The price increased by 4.50% in the last 24 hours. In just the past hour, the price grew by 2.32%. The current price is $2.17 per ORAI. Oraichain Token is 97.98% below the all time high of $107.48.

The current circulating supply is 12,706,080 ORAI.

About

What Is OraiChain (ORAI)?

Orachain denotes oracle artificial intelligence for blockchain. Oraichain is a data oracle platform that connects artificial intelligence and machine learning functionalities to regular applications and smart contracts. The inputs have to be 100% accurate in smart contracts to generate an output. However, as AI models can hardly give accuracy, Oraichain reduces some strictness to acquire better functionality and user experience.

The network is a public blockchain that lets users or smart contracts make data requests securely from AI APIs. The mechanism of this currency focuses on AI APIs and the quality of AI models. API (application programming interface) is software that lets two applications communicate. According to the whitepaper, the ORAI consensus protocol is the same as delegated proof of stake (DPoS). The platform consists of numerous validators that own ORAI tokens, while other token holders can be delegators who stake their tokens to validators and get rewarded for every new block created.

ORAI is an ERC20 token that is also the native token of the Oraichain network. The ORAI token is based on the Ethereum network and is called ERC20-ORAI. These tokens are used to power and secure the decentralized oracle network of validators. All validators have to stake ORAI to get selected to create a block or complete data requests. The network is managed in the DAO manner. Hence, token holders engage and vote in the governance of the platform.

The token is also used as a transaction fee to run an AI request directed to the Oraichain network. The transaction fee is paid by various parties like block-creating validators, test case providers, request-executing validators, and AI-API providers. A holder has to stake their tokens on the Oraichain to keep its value. The rewarding token is distributed based on the number of tokens that have been staked to the validator.

History of Oraichain (ORAI)

Oraichain was cofounded by Chung Dao (CEO), Thao Nguyen (CEO), and Tu Pham (CTO) in 2021. The maximum total supply of the ORAI token is 86,000,000 ORAI coins.

Reference:

https://orai.io/

https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contractz

https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain

https://www.coinbase.com/learn/crypto-basics/what-is-staking

https://www.mulesoft.com/resources/api/what-is-an-api#:~:text=API%20is%20the%20acronym%20for,you're%20using%20an%20API.

https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proof-of-stake

https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol

https://docs.orai.io/white-paper

https://www.coinbase.com/learn/crypto-basics/what-is-a-token

https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Oraichain Token in market cap.

Reading List

News

The Block • Sep 27, 23

Bitcoin’s correlation with equities continuing to diverge

The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.

Read more

News Article Image

Decrypt • Sep 27, 23

You Can Now Trade Bitcoin Mining Hashpower on Arbitrum

The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.

Read more

News Article Image

Unchained • Sep 27, 23

SEC Chair Gensler Says Bitcoin Isn’t a Security

Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on

Read more

News Article Image

CoinDesk • Sep 27, 23

The Protocol: Google Pushes Deeper into Blockchain

Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.

Read more

News Article Image

CoinDesk • Sep 27, 23

With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)

There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.

Read more

News Article Image

The Block • Sep 27, 23

FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance

Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.

Read more

News Article Image

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

FAQ

What is the current price of Oraichain Token?

We update our Oraichain Token to USD currency in real-time. Get the live price of Oraichain Token on Coinbase.

What is the market cap of Oraichain Token?

The current market cap of Oraichain Token is $27.67M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Oraichain Token?

The all-time high of Oraichain Token is $107.48. This all-time high is highest price paid for Oraichain Token since it was launched.

What is the 24 hour trading volume of Oraichain Token?

Over the last 24 hours, the trading volume of Oraichain Token is $658.23K.

What other assets are similar to Oraichain Token?

Assets that have a similar market cap to Oraichain Token include Cortex, USDK, Gomining, and many others. To see a full list, see our comparable market cap assets.

How many Oraichain Token are there?

The current circulating supply of Oraichain Token is 13 million.

Can I buy Oraichain Token on Coinbase?

Yes, Oraichain Token is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Oraichain Token guide.