Orakuru

1. Summary

Ranks

Liquidity

-

Developer

-

Social

75

Momentum (beta)

0

Stack Rank™

-

Price

$0.002973120000 0.0%

Market Cap

$41,836.00 (#7343)

Supply

/

Tags

Smart Contracts Binance Smart Chain Ecosystem Business Services Infrastructure Oracle BNB Chain Ecosystem

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Price
52W High price	$0.005910381100
52W High date	13th Apr 2022 (2 years ago)
All Time High (ATH) Date	29th Oct 2024 (1 month ago)
All Time Low (ATL) Date	29th Oct 2024 (1 month ago)

Supply & Trading Volume
Trading Volume (24h)	$52.00

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Description

Orakuru

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Orakuru

Orakuru is a decentralized oracle service designed for Binance Smart Chain (BSC). Its primary function is to securely feed external data to instances of smart contracts operating on BSC by utilizing external nodes to capture real-world data such as BSC price feeds and off-chain market prices. This data can then be used for various applications such as decentralized exchanges (DEXs), prediction markets, insuranceresolver insurance, and lending protocols.

Orakuru's architecture is based on the principle of decentralization. It supports on-chain governance where ORK token holders are involved in decision-making processes for the network's development. Additionally, Orakuru's fully decentralized design allows participants to become oracles after meeting certain conditions, thereby ensuring a high level of network security and distributing responsibility.

Its governance model ensures that the broader community is involved in the process through voting mechanisms. This openness and transparency help guarantee the validity of data being transmitted across the network.

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