Oraichain

Halal Rating :
Comfortable
Last Price $8.7 Last updated:
Rank 419
1D Change -9.26 %
Market Cap $120.16m
Circulating supply 13,823,700
Maximum supply 19,779,272
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Cosmos Ecosystem
  • AI & Big Data
  • DeFi
  • Oracles
  • Research
  • Ethereum Ecosystem
  • Injective Ecosystem
  • BNB Chain Ecosystem
  • Generative AI
  • Real World Assets
  • Layer 1
  • DWF Labs Portfolio
  • AI Agents

Purpose and Utility

Oraichain is a Layer 1 blockchain platform that specializes in artificial intelligence and oracle services. It aims to create an ecosystem where AI services can be integrated into smart contracts and blockchain applications. The ORAI token is used for governance, staking, and paying for services within the ecosystem.

Business Model Analysis

The platform's business model revolves around providing AI-powered oracle services and maintaining a marketplace for AI services. This includes AI-based price feeds, AI-verified data sources, and smart contract automation. The core activities appear to align with halal principles as they involve legitimate technology services and don't engage in prohibited activities.

Real-World Adoption

Oraichain has established partnerships with several blockchain projects and AI service providers. The platform hosts multiple AI services and oracle implementations. While adoption is still in early stages, there is evidence of actual usage for its intended purposes.

Platform Development

The project maintains active development with regular GitHub commits and ecosystem updates. The team continues to expand the platform's capabilities and AI service offerings.

Token Distribution

ORAI tokens are distributed across various stakeholders including team members, ecosystem development, and public sale participants. The project implements vesting schedules for team allocations to prevent large-scale immediate selling.

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.

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