ORA Coin
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ORA Coin Timeline
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- Nov,2024The ORA token officially launched
- Jun 25,2024ORA successfully raised $20 million in funding to further accelerate the development and expansion of its decentralized AI solutions.
- Jan 19,2023ORA completed a $3 million pre-seed funding round, securing early financial support for its foundational technology and infrastructure.
ORA Coin Info
- Nov,2024The ORA token officially launched
- Jun 25,2024ORA successfully raised $20 million in funding to further accelerate the development and expansion of its decentralized AI solutions.
- Jan 19,2023ORA completed a $3 million pre-seed funding round, securing early financial support for its foundational technology and infrastructure.
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OrganizationsORA Coin Intro
ORA, previously known as HyperOracle, is a pioneering platform at the forefront of integrating blockchain technology with artificial intelligence. The infrastructure ORA provides is chain-agnostic, designed to empower developers with the tools necessary to develop end-to-end trustless and decentralized applications that are enhanced by verifiable AI. ORA's offerings are live today, boasting the capability to verify and run inference on some of the largest and most sophisticated AI models with minimal limitations.
ORA's mission is centered on making AI solutions that are accessible, scalable, and verifiable, seamlessly integrating these solutions on-chain. This approach not only advances the development of decentralized AI applications but also supports the funding of open-source AI development. By enabling the tokenization of AI models, ORA creates a unified platform that enhances the utility and financial viability of AI innovations in the blockchain space.
Among its key offerings, ORA features an AI Oracle and Initial Model Offerings (IMOs). The AI Oracle is a decentralized and verifiable AI oracle that allows developers to integrate AI functionalities into their smart contracts seamlessly. This is supported by a network of permissionless nodes running the TORA client, secured by optimistic Machine Learning (opML). This setup facilitates a range of AI-driven applications, from dynamic NFTs and on-chain games to prediction markets and content verification.
The Initial Model Offerings, or IMOs, represent a new mechanism for tokenizing AI models on the blockchain. This innovative approach promotes sustainable funding for open-source contributors and distributes revenue to token holders. The tokenization follows the ERC-7641 standard, emphasizing revenue sharing and community ownership, which aligns the interests of developers and stakeholders.
For developers and organizations looking to harness the power of AI in blockchain, ORA offers a robust platform with scalable solutions, emphasizing efficiency, developer-friendly integration, and rigorous verifiability to ensure the integrity and reliability of AI computations on the blockchain.
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Q&A about ORA Coin Tokenomics
Explore the tokenomics of ORA Coin (ORA) and review the project details below.
What is the allocation & supply schedule for ORA Coin (ORA)?
$ORA's tokenomics are strategically designed to foster a sustainable and decentralized ecosystem. The emission and allocation of tokens are meticulously structured across four key segments: DAICO, Network, Foundation, and Ecosystem, ensuring alignment with the project's goals and community governance.
- DAICO (1%): At launch, the DAICO portion is fully emitted as liquidity. This immediate release aims to facilitate initial market participation and enhance liquidity, allowing community members immediate access to the tokens.
- Network (33%): Annually, 3% of the total supply is released as incentives for those operating ORA opML nodes. To qualify as a node operator, participants must stake 333,333 $ORA and commit to providing high-quality AI services. This continuous incentive is designed to maintain and enhance the network's performance and reliability.
- Foundation (33%): This segment is locked for the first year and then vested over the subsequent five years. The foundation's tokens support the long-term development, research, and growth of the ORA ecosystem, ensuring that the project's foundational activities are robustly funded.
- Ecosystem (33%): The emissions from this portion are governed by the community and released according to the needs and decisions made by community governance. This approach allows for flexible and responsive distribution of tokens based on the evolving requirements and contributions within the ecosystem.
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ORA, previously known as HyperOracle, is a pioneering platform at the forefront of integrating blockchain technology with artificial intelligence. The infrastructure ORA provides is chain-agnostic, designed to empower developers with the tools necessary to develop end-to-end trustless and decentralized applications that are enhanced by verifiable AI. ORA's offerings are live today, boasting the capability to verify and run inference on some of the largest and most sophisticated AI models with minimal limitations.
ORA's mission is centered on making AI solutions that are accessible, scalable, and verifiable, seamlessly integrating these solutions on-chain. This approach not only advances the development of decentralized AI applications but also supports the funding of open-source AI development. By enabling the tokenization of AI models, ORA creates a unified platform that enhances the utility and financial viability of AI innovations in the blockchain space.
Among its key offerings, ORA features an AI Oracle and Initial Model Offerings (IMOs). The AI Oracle is a decentralized and verifiable AI oracle that allows developers to integrate AI functionalities into their smart contracts seamlessly. This is supported by a network of permissionless nodes running the TORA client, secured by optimistic Machine Learning (opML). This setup facilitates a range of AI-driven applications, from dynamic NFTs and on-chain games to prediction markets and content verification.
The Initial Model Offerings, or IMOs, represent a new mechanism for tokenizing AI models on the blockchain. This innovative approach promotes sustainable funding for open-source contributors and distributes revenue to token holders. The tokenization follows the ERC-7641 standard, emphasizing revenue sharing and community ownership, which aligns the interests of developers and stakeholders.
For developers and organizations looking to harness the power of AI in blockchain, ORA offers a robust platform with scalable solutions, emphasizing efficiency, developer-friendly integration, and rigorous verifiability to ensure the integrity and reliability of AI computations on the blockchain.