ORAO

ORAO NetworkORAO

Rank #1848
Token
On 4,129 watchlists

ORAO Network Price (ORAO)

$0.02332
0.93%

0.0000003806 BTC0.11%

0.000005607 ETH3.50%

Low:$0.02307
High:$0.02529
24h
ORAO  ORAO Network ORAO
Price:
$0.02332
 0.93%
Market Cap
$918,639
0.93%
Fully Diluted Market Cap
$23,317,099
0.93%
Volume
24h
$219,699
13.61%
Volume / Market Cap
0.2392
Circulating Supply
39,397,667.80 ORAO
4%
Max Supply
1,000,000,000
Total Supply
1,000,000,000
Sponsored

ORAO Network to USD Chart

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ORAO Price Live Data

The live ORAO Network price today is $0.023317 USD with a 24-hour trading volume of $219,699 USD. We update our ORAO to USD price in real-time. ORAO Network is up 0.93% in the last 24 hours. The current CoinMarketCap ranking is #1848, with a live market cap of $918,639 USD. It has a circulating supply of 39,397,668 ORAO coins and a max. supply of 1,000,000,000 ORAO coins.

If you would like to know where to buy ORAO Network, the top exchanges for trading in ORAO Network are currently Gate.io, and BKEX. You can find others listed on our crypto exchanges page.

What Is ORAO Network (ORAO)?

ORAO is a data-agnostic cross-chain oracle based on Polkadot (DOT). The developers claim that their platform can provide a wide range of secure, high-speed, real-time scalable data for any blockchain.

The network can deliver customizable and secure data streams at high speed. Users can get data for anything via ORAO's feeds, including weather, e-sports and other physical events. Data providers can choose their own custom data streams. Additionally, the ORAO Network supports an extended range of data formats, compared to earlier types of oracles.

The company itself and the principal solutions of the ORAO Network launched in summer 2020. These include cross-chain interoperability with Polkadot, predefined data protocols, machine learning with TensorFlow, and an auction system and reputation.

Who Are the Founders of ORAO Network?

Nikola Strahija is the founder and CEO of ORAO Network. In 2015, Strahija supplied data to Fortune Top 20 companies. In 2017, he co-founded a website for indexing cryptocurrencies.

Dr. Andrey Zienko is the CTO of the company. After graduating from Moscow State University with a Ph.D. in physics, Zienko has worked on business intelligence using big data and AI technologies.

What Makes ORAO Network (ORAO) Unique?

One of the main issues with current generation oracles identified by the ORAO team are the relatively narrow data ranges that can be sold. For the most part, it’s financial data such as price flows.

ORAO has introduced predefined data protocols as their solution. The platform allows data providers to choose between different protocols instead of being limited to fixed protocols that only give access to the same data product. Thus, oracles are capable of standardized support for any information products from weather data to the results of a specific football match to flight bookings and so on.

ORAO supports cross-chain data transfers between blockchains. The demand for cross-network transactions is increasing due to the growth of the decentralized finance (DeFi) space coupled with the limited scalability of Ethereum’s (ETH) blockchain. ORAO was built on the Polkadot platform, offering it a higher performance compared to Ethereum-based oracles.

Read about Polkadot and Chainlink.

Learn more about oracles with CMC Alexandria.

Can DeFi oracles be manipulated? Find out here.

Deepen your crypto knowledge with the CoinMarketCap blog.

How Many ORAO Network (ORAO) Coins Are There in Circulation?

The ORAO utility token is the key element of the platform’s cross-chain-driven network. If data providers want to work on a certain chain, they must place tokens on it. When there is a need to sell the same data on both Ethereum and EOS, they need to place tokens on both chains.

The ORAO tokens are used to pay for data. A user also needs to stake a certain number of tokens to become a data provider or buyer.

The maximum supply of ORAO is 1,000,000,000 tokens. The total supply is divided as follows: 20% to the team, 34% to the foundation, 10% to the advisors, 9% to the seed sale, 10% to the private sale, 16% to the public sale.

How Is the ORAO Network Secured?

Oracle networks like ORAO create economic incentives for providers to deliver legitimate data to smart contracts in a decentralized manner.

To protect the interests of the consumers, ORAO developers propose to create a neural network that will detect outdated or malicious data. It will constantly monitor information flows and predict the reliability of individual data providers.

Where Can You Buy ORAO Network (ORAO)?

As of May 2021, ORAO trading is available on the following exchanges:

Read our detailed guide on how to buy Bitcoin and other cryptocurrencies.

Our most recent articles about ORAO Network:

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ORAO Price Statistics

ORAO Network Price Today
ORAO Network Price$0.02332
Price Change24h$0.0002146
0.93%
24h Low / 24h High
$0.02307 /
$0.02529
Trading Volume24h$219,699.13
13.61%
Volume / Market Cap0.2392
Market DominanceNo Data
Market Rank#1848
ORAO Network Market Cap
Market Cap$918,639.31
0.93%
Fully Diluted Market Cap$23,317,098.74
0.93%
ORAO Network Price Yesterday
Yesterday's Low / High
$0.02242 /
$0.02407
Yesterday's Open / Close
$0.0231 /
$0.02309
Yesterday's Change

0.06%

Yesterday's Volume$194,416.99
ORAO Network Price History
7d Low / 7d High
$0.01947 /
$0.02407
30d Low / 30d High
$0.0184 /
$0.03874
90d Low / 90d High
$0.0184 /
$0.05628
52 Week Low / 52 Week High
$0 /
$0.2726
All Time High
May 03, 2021 (6 months ago)
$0.2726
91.45%
All Time Low
May 03, 2021 (6 months ago)
No Data
ORAO Network ROI

1454.32%

ORAO Network Supply
Circulating Supply39,397,668 ORAO
Total Supply1,000,000,000 ORAO
Max Supply1,000,000,000 ORAO