Thursday, August 18, 2022
About us | Contact
Blockzeit
  • bitcoinBitcoin(BTC)$23,521.00-1.08%
  • ethereumEthereum(ETH)$1,858.92-1.05%
  • binancecoinBNB(BNB)$308.86-1.42%
  • SolanaSolana(SOL)$41.22-3.84%
  • dogecoinDogecoin(DOGE)$0.080750-4.34%
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
Blockzeit
No Result
View All Result
Home Press Release
5647101c 4e46 4f3e 99c0 db2e9ca79bcf 1648738394XUUKfgTjUd

5647101c 4e46 4f3e 99c0 db2e9ca79bcf 1648738394XUUKfgTjUd

Oraichain Launches OraiDEX With Meta-Staking & Announces Fairdrop Program For ORAIX Governance Token Fairdrop

blockchainnews by blockchainnews
March 30, 2022
in Press Release
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Tortola, British Virgin Islands, 31st March, 2022,

 / Oraichain, a leading Artificial Intelligence-powered oracle and blockchain ecosystem supplier, today announced the official launch of OraiDEX, a decentralized exchange for smooth and secure transactions of ORAI tokens and those built on Cosmos and other blockchains. 

Oraichain is building an AI Layer 1 for Data Economy and Oracle services (Oraichain Mainnet 2.0) with high throughput, greater decentralization and support for both Cosmwasm and EVM-based smart contracts. The launch of OraiDEX is designed to bring more liquidity to Oraichain by providing the community with an opportunity to benefit from unique staking rewards, governance and token airdrops.

OraiDEX is a CosmWasm-based DEX that boasts multichain interoperability with optimal speed and vast liquidity for platform users. With the launch of OraiDEX, Oraichain will introduce a new, CW20-compatible governance and utility token, ORAIX, via a fair listing on OraiDEX.

ORAIX is a utility token that will be used to pay fees for meta-staking and pool creation on OraiDEX, as well as OraiBridge and NFT Bridge fees. In addition, holders of ORAIX will be able to use the tokens to buy airdrop NFT tickets for newly listed projects on OraiDEX. The total supply of ORAIX will be capped at 1,000,000,000, with its listing price set to be voted on by ORAI holders in mid April.

One of the unique features of OraiDEX will be its meta-staking program for ORAIX and ORAI token holders who delegate ORAI tokens on the Mainnet then stake ORAIX on OraiDEX. Delegators on the Oraichain Mainnet will also be able to stake single CW20 assets such as ATOM, LUNA, OSMO and UST, earning rewards via OraiDEX’s liquidity mining program while benefiting from lower impermanent loss. It means delegators can earn APR on both the Mainnet and liquidity mining rewards on OraiDEX.

In addition, Oraichain Mainnet delegators can also stake ORAIX in return for long-term commitment benefits including token airdrops from new projects listed on OraiDEX and revenue sharing benefits.

Alongside OraiDEX, Oraichain also announced the launch of the ORAIX Fairdrop Program, which is open to ORAI, ATOM, OSMO, LUNA, JUNO, AIRI and KWT token holders. The Fairdrop Program is designed to incentivize delegators to secure the Oraichain Mainnet. To be whitelisted for the program, delegators must stake native ORAI on the Oraichain Mainnent, not any CEX or DEX, with their tokens being delegated to at least one chain validator.

Oraichain will soon capture its first snapshot and create whitelisted wallets for holders of the above tokens in order to facilitate the first airdrop of ORAIX tokens. The allocation for each wallet will be based on criteria including the total allocation for ORAI holders, the ratio between wallet balances and total delegated ORAI at the time of the snapshot, the max cap of each wallet, its activity history and required tasks on OraiDEX. Users who currently hold ERC-20 or BEP-20 ORAI will need to convert their tokens to Native ORAI via KuCoin and start delegating before the snapshot happens to be eligible for the airdrop.

About Oraichain

Oraichain is an AI-Powered Oracle and Blockchain Ecosystem. Oraichain data oracle platform aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. Founded by Dr. Chung Dao, Oraichain’s mission is to be the portal between AI and blockchain technologies, aiming to revolutionize the AI, DeFi, and Blockchain industries.

Contacts

Community Manager

  • Duc M. Tran
  • contact@orai.io
Previous Post

House of Kibaa Announces the Limited NFT Land Sale of “pocket Dimension” Parcels

Next Post

Decentraland Fashion Week Features Wearable NFTs

Related Posts

photo 2022 07 22 09 39 57 1660743947WLnuiHI5Ak

Crypto Token Launches Meditate2Earn Program Rewarding Holders for Self-Care

by chainwire
August 18, 2022
0

London, England, 18th August, 2022, ChainwireThe team behind Ryuuko Tsuka, an innovative new wellness token, has launched Meditate2Earn. The token...

0ADF2786 D828 483B 8425 74B2072900AB 1660729745a17fx41DFM

DeFi Yield Protocol (DYP) Anticipates Metaverse Platform Launch with Listings on Coinbase, Huobi, and MEXC

by chainwire
August 17, 2022
0

Bucharest, Romania, 17th August, 2022, ChainwireDeFi Yield Protocol (DYP) announced listings on several industry-leading exchanges, including Coinbase, Huobi Global, and...

test 1660748806X1rT9TkY1l 16607488828WJLdItBOM

TRON Grand Hackathon 2022 Season 2 Project Winners Announced

by chainwire
August 15, 2022
0

Geneva, Switzerland, 17th August, 2022, Chainwire The TRON Grand Hackathon 2022 has announced Season 2 winners. The judging panel of...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Buy Crypto
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

No Result
View All Result
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.