Oraichain
Crypto Overview
Project Overview
Oraichain is an AI-powered oracle and blockchain platform launched in 2020. The project aims to create a decentralized AI ecosystem that connects AI APIs to smart contracts and blockchain applications. The ORAI token serves as the native utility token for the network.
Intended Utility
The primary purpose of ORAI is to facilitate the operation of AI-oracle services and governance of the network. Token holders can stake ORAI to run validator nodes, participate in governance decisions, and pay for AI API services within the ecosystem.
Actual Utility and Development
The platform shows active development with regular GitHub commits and updates. Key implemented features include: AI Oracle services, AI Marketplace, and VRF (Verifiable Random Function) capabilities. The project has established partnerships with notable blockchain projects and maintains an active developer community.
Token Distribution and Governance
The initial token distribution allocated 40% to ecosystem development, 25% to the foundation reserve, 20% to the team and advisors (with vesting periods), and 15% to public sale participants. Team tokens are subject to a 4-year vesting schedule with a 1-year cliff, indicating commitment to long-term development.
Revenue Model
The platform generates revenue through fees for AI API usage, oracle services, and validator rewards. These mechanisms do not involve interest-based (riba) transactions. The project's focus on AI technology and data services aligns with permissible business activities under Islamic principles.
Crypto Impact
To assign a comfort level investing in Oraichain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Oraichain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.