After the Oraichain mainnet launch on February 24th 2021, we believe it is necessary to dive deep on the framework Oraichain uses to incentivise validators, delegators and ORAI token holders to become part of the network. This article focuses on two types of methods for rewarding: Block reward and AI request reward.
Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Oraichain data oracle platform aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. Founded by Dr. Chung Dao, Oraichain’s mission is to be the portal between AI and blockchain technologies, serving as a foundational base for the creation of a new generation of smart contracts and Dapps leveraging AI, aiming to revolutionize the Artificial Intelligence, DeFi, and Blockchain industries.
Unlike regular oracles using raw data, Oraichain’s AI oracle uniquely uses AI APIs to process and create data on-the-fly via virtual machines on smart contracts. Data quality…
Step-by-step guide: How to become an Oraichain Testnet Validator
Welcome SamOrais ! A new era has come for those who are holding ORAI tokens and investors wanting to earn more while still contributing greatly to the network. The Oraichain testnet beta version is coming with lots of new features, and we would love to introduce to you that anyone holding ORAI will have a chance to become a Validator.
By joining as a Validator, you are helping the Oraichain ecosystem grow stronger and bigger than ever. …
Elite cybersecurity firm Halborn completes security testing of the ORAI Vault on yai.finance
Oraichain is committed to ensure we carry out due diligence and the audit of our smart contracts for yAI.Finance and the ORAI vaults.
As part of our validation and duty of care for security of investor funds, we are proud to announce our collaboration with Halborn who have completed an extensive audit check and reported an overall score of “Low Risk”. (Click here for the full audit report)
The current audit was for the ORAI Vault on yAI.Finance and we are already working on the audit of…