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Oraichain (ORAI)

ORAI

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Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading.

What is Oraichain (ORAI)?

Oraichain is a layer one data oracle platform and ecosystem on a mission to combine the realms of blockchain and artificial intelligence. 

Here’s how Oraichain describe themselves: 

The platform is designed to connect artificial intelligence APIs with smart contracts, and is the first AI-powered data oracle.

The network is built based on Cosmos SDK along with the Tendermint consensus mechanism for speed, scalability,  and interoperability. 

(Extremely) simple overview

Whereas oracle blockchains tend to solely focus on price oracles, Oraichain differs by offering decentralized applications (dApps) access to external AI data. To ensure the AI data is reliable, it is tested by network validators - once verified, the data is stored on-chain for future use.

Oraichain offers users and developers six main features:

  1. AI Oracle
  2. AI Marketplace - this is where AI providers can sell their AI services to Oraichain. Users can buy them too. Providers are rewarded with ORAI tokens.
  3. AI Ecosystem - AI infrastructure to support AI model developers
  4. Staking and Earning - network validators are rewarded with ORAI tokens
  5. Test Cases
  6. Orai DAO - anyone owning ORAI can participate in the network’s governance

ORAI token utility?

ORAI is the network’s native token and is used to cover transaction fees, participate in the Oraichain DAO and validate the network through staking. 

Check out the Oraichain website for more information.

How to buy Oraichain (ORAI)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

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© Uphold 2024. All Rights Reserved.

Uphold (FRN: 938277) is registered with the Financial Conduct Authority (FCA) for AML purposes and complies with the Money Laundering, Terrorist Financing and Transfer for Funds (Information on the Payer).

Uphold is also an EMD agent (FRN: 900577) of Optimus Cards UK Limited (FRN: 902034) which is authorised and regulated by the Financial Conduct Authority to issue e-money pursuant to the Electronic Money Regulations 2011.

The purchase, sale and custody of cryptoassets are regulated by the FCA for anti-money laundering purposes but this does not indicate any approval by the FCA of Uphold’s cryptoasset activities. Cryptoassets are very high risk and speculative.  When purchasing, selling and/or holding cryptoassets, you will not have access to the Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS) if something goes wrong. You should be aware and prepared to potentially lose some or all of your money. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial circumstances.

Fiat money payments and balances (fiat is another name for traditional currencies, such as GBP, USD and EUR) constitute regulated e-money and payment services. In providing fiat balances, you are being issued with e-money by Optimus and Uphold is acting as its agent. See specific e-money terms. E-money is not a deposit or investment account which means that your e-money will not be protected by the FSCS. Your funds will be held in a designated safeguarding account with a regulated financial institution. E-money will not earn any interest.

Additional risk warnings are contained in Uphold’s Terms & Conditions