Oraichain (ORAI)

Data Oracle Platform

Oraichain connects Artificial Intelligence (AI) APIs to smart contracts and regular applications. It acts as a bridge that allows smart contracts to use AI models and data.

AI Marketplace

It offers an AI Marketplace with over 100 AI APIs, where users can buy, sell, and use AI services for various applications, including AI-based farming strategies in DeFi.

DeFi Applications

Oraichain supports decentralized finance (DeFi) through products like yAI.Finance, which uses AI strategies for yield farming and other financial services.

Network Governance and Incentives

ORAI tokens are used for transaction fees, staking, rewarding validators, AI providers, and test case contributors. Token holders can participate in governance decisions through the Oraichain DAO.

AI Data Hub

Users can contribute datasets and create test cases for AI training and validation, turning data and AI solutions into valuable digital assets within the ecosystem.

Advantages

Oraichain offers fast and low-cost transactions, making it efficient for users. It integrates AI data oracles, which provide reliable and real-time information for smart contracts. The platform supports various decentralized applications (dApps), enhancing its versatility. Oraichain also has a growing community and partnerships that help expand its ecosystem.

Disadvantages

Some users may find Oraichain less well-known compared to bigger blockchains, which can affect adoption. The technology is still developing, so new features might take time to become fully stable. Also, as with many crypto projects, market value can be volatile.

Founders of Oraichain

Oraichain was founded by a team including Chung Dao (CEO), Diep Nguyen (COO), Tu Pham (CTO), Duc Le Pham, and Thao Nguyen Tien. Chung Dao is a key figure, also known for co-founding Rikkeisoft and holding a PhD from the University of Tokyo. Diep Nguyen is an AI lead and lecturer with a PhD from Keio University. Tu Pham brings experience in AI and blockchain development. Together, they started Oraichain around 2019-2020 to build an AI-powered blockchain oracle ecosystem.

Investors in Oraichain

Oraichain has attracted investment from various sources, including venture capital firms and blockchain-focused funds. While detailed investor lists are often private or require special access, some known facts include:

• The project is backed by early-stage investors interested in AI and blockchain integration.
• Partnerships and collaborations with other blockchain projects like TRON and Injective indicate strategic investor interest.
• The founding team includes experienced entrepreneurs and developers who have attracted funding to support Oraichain’s growth.

For the most detailed and up-to-date investor information, platforms like PitchBook or Crunchbase may provide access upon request.

Halal Status of Oraichain

Oraichain is generally considered halal because it is a blockchain project focused on AI and data oracles without involving interest (riba) or prohibited activities. It operates as a decentralized platform connecting AI APIs to smart contracts, which aligns with principles of Islamic finance. However, final confirmation depends on individual interpretation and advice from qualified Islamic scholars.