ORAI Oraichain Token

Oraichain is a data oracle platform that aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications.

The blockchain network is built based on Cosmos SDK along with Terdemint’s Byzantine Fault Tolerance consensus that helps speed up transactions’ confirmation time.

When ORAI mainnet is officially launched, the ORAI token is required to secure and power the decentralized oracle network of validators. The native ORAI token is used for:

• Staking for validators: all validators are required to stake ORAI in order to be selected to create a block or fulfill data requests.
• Transaction fee: the ORAI token is required in order to run an AI request sent to the Oraichain network.
• Participation in Oraichain Governance: the Oraichain network is organized in the DAO manner, all protocol upgrades and parameter changes must be voted by token holders.