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.
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Oraichain Token
ORAI
4.9
Trade Oraichain Token on DEX
Oraichain Token can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.
Oraichain Token is only supported on a DEX. Additional fees will apply. Coinbase is not responsible for activity or assets traded on a DEX. Learn more.
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%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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://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.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
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Oraichain Token Calculator
How much is 1 ORAI?
Conversion Table
ORAI/CAD (Canadian Dollar)
CA$2.95
ORAI/JPY (Japanese Yen)
¥325.08
ORAI/INR (Indian Rupee)
₹180.71
ORAI/BRL (Real)
R$10.95
ORAI/EUR (Euro)
€2.06
ORAI/NGN (Nigerian Naira)
NGN 1,681.96
ORAI/KRW (South Korean Won)
₩2,941.80
Reading List
News
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The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
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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.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.