THELOGICALINDIAN - OraiDEX is a CosmWasmbased DEX that boasts multichain interoperability
Oraichain, a arch Artificial Intelligence-powered answer and blockchain ecosystem supplier, today appear the official barrage of OraiDEX, a decentralized barter for bland and defended affairs of ORAI tokens and those congenital on Cosmos and added blockchains.
Oraichain Mainnet 2.0
Oraichain is architecture an AI Layer 1 for Data Economy and Oracle casework (Oraichain Mainnet 2.0) with aerial throughput, greater decentralization and abutment for both Cosmwasm and EVM-based acute contracts. The barrage of OraiDEX is advised to accompany added clamminess to Oraichain by accouterment the association with an befalling to account from different staking rewards, babyminding and badge airdrops.
OraiDEX is a CosmWasm-based DEX that boasts multichain interoperability with optimal acceleration and all-inclusive clamminess for belvedere users. With the barrage of OraiDEX, Oraichain will acquaint a new, CW20-compatible babyminding and account token, ORAIX, via a fair advertisement on OraiDEX.
ORAIX is a account badge that will be acclimated to pay fees for meta-staking and basin conception on OraiDEX, as able-bodied as OraiBridge and NFT Bridge fees. In addition, holders of ORAIX will be able to use the tokens to buy airdrop NFT tickets for anew listed projects on OraiDEX. The absolute accumulation of ORAIX will be capped at 1 billion with its advertisement amount set to be voted on by ORAI holders in mid April.
One of the different appearance of OraiDEX will be its meta-staking affairs for ORAIX and ORAI badge holders who agent ORAI tokens on the Mainnet again pale ORAIX on OraiDEX. Delegators on the Oraichain Mainnet will additionally be able to pale distinct CW20 assets such as ATOM, LUNA, OSMO and UST, earning rewards via OraiDEX’s clamminess mining affairs while benefiting from lower brief loss. It agency delegators can acquire APR on both the Mainnet and clamminess mining rewards on OraiDEX.
In addition, Oraichain Mainnet delegators can additionally pale ORAIX in acknowledgment for abiding charge allowances including badge airdrops from new projects listed on OraiDEX and acquirement administration benefits.
Alongside OraiDEX, Oraichain additionally appear the barrage of the ORAIX Fairdrop Program, which is accessible to ORAI, ATOM, OSMO, LUNA, JUNO, AIRI and KWT badge holders. The Fairdrop Affairs is advised to incentivize delegators to defended the Oraichain Mainnet. To be whitelisted for the program, delegators charge pale built-in ORAI on the Oraichain Mainnent, not any CEX or DEX, with their tokens actuality delegated to at atomic one alternation validator.
Oraichain will anon abduction its aboriginal snapshot and actualize whitelisted wallets for holders of the aloft tokens in adjustment to facilitate the aboriginal airdrop of ORAIX tokens. The allocation for anniversary wallet will be based on belief including the absolute allocation for ORAI holders, the arrangement amid wallet balances and absolute delegated ORAI at the time of the snapshot, the max cap of anniversary wallet, its action history and appropriate tasks on OraiDEX. Users who currently authority ERC-20 or BEP-20 ORAI will charge to catechumen their tokens to Native ORAI via KuCoin and alpha delegating afore the snapshot happens to be acceptable for the airdrop.
Oraichain is an AI-Powered Answer and Blockchain Ecosystem. Oraichain abstracts answer belvedere aggregates and connects Artificial Intelligence APIs to acute affairs and approved applications. Founded by Dr. Chung Dao, Oraichain’s mission is to be the aperture amid AI and blockchain technologies, aiming to accommodate the AI, DeFi, and Blockchain industries.
