ORAI

Overview of Oraichain Token(ORAI)

The Oraichain Token (ORAI), launched in 2020, serves as the native DeFi cryptocurrency of the Oraichain platform, the first AI-powered oracle and blockchain ecosystem.

ORAI is crucial for accessing AI services, securing the network through staking, and facilitating transactions within the platform's diverse ecosystem, which includes DeFi, NFTs, and smart healthcare applications.

ORAI is supported on major exchanges like KuCoin, Coinbase, and Huobi Global, and can be stored in various types of wallets, ensuring flexibility and security for users.

Pros and Cons

Crypto Wallet

OWallet is Oraichain's multi-chain, non-custodial cryptocurrency wallet designed with interoperability in mind. It supports networks like IBC, EVM, and TVM, providing users with a nice experience for managing their ORAI tokens.

OWallet allows for secure storage, easy transactions, and integration with various Oraichain ecosystem products, making it an essential tool for users engaging with the platform.

Available for download on desktop, Android, and iOS, OWallet ensures flexibility and accessibility for all Oraichain users.

What Makes Oraichain Token(ORAI) Unique？

Oraichain Token (ORAI) stands out due to its integration of artificial intelligence with blockchain technology, positioning itself as the worlds first AI-powered oracle layer 1.

This unique approach allows Oraichain to provide multidimensional trustworthy proofs of AI, enhancing the capabilities of smart contracts with AI-driven insights and decision-making.

Furthermore, Oraichains extensive ecosystem, encompassing DeFi, NFTs, smart healthcare, and more, demonstrates its versatility and broad applicability.

How Does Oraichain Token(ORAI) Work？

Oraichain Token (ORAI) functions as the native cryptocurrency within the Oraichain ecosystem, facilitating transactions and enabling access to various AI services.

Users can stake ORAI tokens to participate in network security and governance, earning rewards in the process. ORAI is also used for on-chain payments within the AI Marketplace, where businesses can purchase validated AI solutions.

The token supports interoperability across multiple blockchain networks, such as IBC, EVM, and TVM, ensuring easy integration and liquidity transfer.

Exchanges to Buy Oraichain Token(ORAI)

You can purchase Oraichain Token (ORAI) from the following exchanges:

Bitscreener - Bitscreener is a lesser-known platform compared to the others listed, and it provides a variety of financial tools, including real-time cryptocurrency tracking.

See this link to buy ORAI:https://bitscreener.com/coins/oraichain-token/how-to-buy-ORAI#:~:text=How%20to%20Buy%20Oraichain%20Token%20%28ORAI%29%201%20Step,use%20your%20ORAI%20in%20your%20Exchange%20wallet.%20

KuCoin - Offers a wide range of cryptocurrencies and has a strong user base globally.

See this link to buy ORAI:https://www.kucoin.com/how-to-buy/oraichain-token

To buy ORAI tokens on KuCoin, you can follow these general steps:

Create and Set Up Your Account: If you don't already have an account with KuCoin, you will need to create one. Visit the KuCoin website and sign up by providing your email address or phone number, then set a secure password. You will need to complete a verification process for security purposes.

Deposit Funds: Once your account is set up, log in and navigate to the “Assets” or “Deposit” section. You can deposit cryptocurrency like Bitcoin or Ethereum, which you can then use to exchange for ORAI. If KuCoin allows purchasing ORAI directly with fiat (like USD), you will also be able to deposit fiat money via a bank transfer or credit card.

Find ORAI Trading Pair: Go to the “Markets” or “Exchange” section and search for ORAI pairs (e.g., ORAI/BTC, ORAI/ETH). Select the pair that matches the currency you've deposited.

Execute the Purchase: Enter the trading section for the selected ORAI pair. Here, you can specify the amount of ORAI you want to buy and place your order. You can choose a market order for immediate purchase at the current price, or a limited order to specify a price at which you want to buy.

Coinbase - One of the largest and most popular cryptocurrency exchanges, known for its ease of use and strong regulatory compliance.

Crypto.com - Features a platform that includes a wallet, card services, and more, meeting a global market.

Huobi Global - This exchange is recognized for its variety of digital assets and advanced trading features.

How to Store Oraichain Token(ORAI)？

Storing Oraichain Token (ORAI) securely involves choosing the right type of wallet based on your needs—whether prioritizing accessibility or security. Here are several options for storing ORAI:

Hardware Wallets: For maximum security, hardware wallets (physical devices) like Ledger or Trezor are recommended. These devices store your private keys offline, providing protection from online threats such as hacking.

Software Wallets: These are applications that can be installed on your computer or smartphone. They offer convenience for daily use but are less secure than hardware wallets since they are connected to the internet. Examples include Trust Wallet and MetaMask.

Is It Safe？

The safety of the Oraichain Token (ORAI) and its platform can be assessed through various factors such as technological security, platform governance, and the broader ecosystem's stability.

Technological Security: Oraichain, as the first AI-powered oracle layer 1 blockchain, incorporates advanced technologies to secure its network. This includes the use of AI in its operations, which is aimed at enhancing security features and ensuring efficient and secure transactions. The platform also undergoes regular security audits, a common practice among blockchain projects to identify and rectify potential vulnerabilities.

Decentralization and Governance: Oraichain employs a decentralized network structure which can contribute to its security. Decentralization reduces the risk of central points of failure that can be exploited in centralized systems. Moreover, ORAI token holders can participate in governance decisions, contributing to a more secure and community-driven project development.

How To Earn Oraichain Token(ORAI)？

Earning Oraichain Token (ORAI) can be done through several methods within the Oraichain ecosystem. Here are some ways to earn ORAI:

Staking: As a Proof of Stake (PoS) blockchain, Oraichain allows token holders to earn rewards by staking their ORAI tokens. You can stake your tokens directly in the network's consensus mechanism, supporting network security and operations, and in return, receive staking rewards.

Participating in Governance: By participating in governance decisions, users can potentially earn rewards for their active involvement in the ecosystem. This often involves voting on proposals related to network upgrades or changes, with incentives provided to encourage token holder participation.

Yield Farming and Liquidity Provision: If you are involved in DeFi activities within the Oraichain ecosystem, such as providing liquidity to pools on OraiDEX or other DeFi platforms that support ORAI, you can earn yield in the form of transaction fees or other incentives.

FAQs

What is Oraichain Token (ORAI)？

ORAI is the native token of the Oraichain ecosystem, which is the world's first AI-powered oracle and blockchain platform.

How can I purchase ORAI tokens？

ORAI can be purchased on several cryptocurrency exchanges including KuCoin, Binance, Coinbase, and others.

Is it safe to invest in ORAI？

Investing in ORAI, like any cryptocurrency, involves risks including market volatility and regulatory changes.