Question 1

What is Oraichain?

Accepted Answer

Oraichain is a Layer 1 blockchain platform designed to integrate artificial intelligence (AI) into smart contracts through AI-powered oracles. Unlike traditional oracle networks that focus on simple external data feeds, Oraichain provides access to AI APIs, enabling smart contracts to request and process AI-generated results in a decentralised and verifiable manner.

The platform allows validators to test AI API responses using predefined test cases before recording results on-chain. This mechanism ensures the quality of AI services and supports use cases that require machine learning capabilities, such as face authentication, credit scoring, and NFT content verification.

Oraichain also includes a marketplace for AI APIs and test cases, tools for developers (e.g. CosmWasm IDE, OraichainEVM), and Layer 2 rollups for scaling. It is built using the Cosmos SDK and supports interoperability via IBC.

Question 2

What is ORAI used for?

Accepted Answer

ORAI is the native utility token of the Oraichain network. It supports various operational functions within the platform, including:

* **Transaction fees:** ORAI is required to process AI API requests and execute transactions on the network.

* **Staking:** Validators and delegators stake ORAI to participate in the consensus process and earn rewards.

* **Validator selection and rewards:** Validators are chosen based on stake, and receive ORAI as compensation for validating transactions and executing oracle scripts.

* **Governance:** ORAI token holders can vote on protocol upgrades and parameter changes within the Oraichain DAO.

* **Incentives:** ORAI is distributed to validators, AI API providers, and test case creators based on network usage and participation.

Question 3

Who created Oraichain?

Accepted Answer

Oraichain was co-founded by Chung Dao, who serves as CEO. He holds a PhD in Computer Science and has experience in artificial intelligence and software engineering. The project is developed by Oraichain Labs, which supports the infrastructure and evolution of the network. While the platform is governed through a DAO model, initial development and leadership were provided by Chung Dao and his team.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ORAI-USDT ORAI-USDT	kucoin	BB	0.6680USDT	6.37%	221,873.12ORAI	5,995	0.6280USDT	0.7450USDT
2	ORAI-USDT ORAI_USDT	gateio	A	0.6665USDT	5.98%	66,034.43ORAI	2,873	0.6289USDT	0.7200USDT
3	ORAI-USD ORAI_USD	cryptodotcom	AA	0.6558USD	2.75%	35,265.10ORAI	351	0.6383USD	0.7330USD
4	ORAI-USDT ORAIUSDT	mexc	C	0.6700USDT	6.77%	172,308.24ORAI	5,271	0.6274USDT	0.7220USDT
5	ORAI-USDT ORAI_USDT	bydfi	-	0.6714USDT	7.00%	114,710.63ORAI	3,622	0.6274USDT	0.7220USDT
6	ORAI-ETH ORAI_ETH	bilaxy	-	0.0₃1782ETH	0.00%	0ORAI	0	0.0₃1782ETH	0.0₃1782ETH
7	ORAI-USDT ORAIUSDT	latoken	D	0.1998USDT	0.00%	0ORAI	0	0.1998USDT	0.1998USDT