Orcfax Logo

Orcfax FACT

Orcfax header image

1. Summary

Ranks

Liquidity
59
Developer
-
Social
11
Momentum (beta)
0
Stack Rankā„¢
-
Price
$0.01 -2.0%
Market Cap
$2.20M (#2257)
Supply
176.15M / 1.00B
Price
52W High price $0.03
52W High date 18th Feb 2024 (5 months ago)
All Time High (ATH) Date 17th Feb 2024 (5 months ago)
ATH Price $0.03
% From ATH -38.46%
All Time Low (ATL) Date 27th Oct 2023 (8 months ago)
ATL Price $0.000000009378
% From ATL 177717608.78%
Supply & Trading Volume
Trading Volume (24h) $1,677.00
Total Supply 1.00B
Max Supply 1.00B
Circulating Supply 176.15M
Description

Orcfax: Decentralized Oracle Service for the Cardano Blockchain

Orcfax: Decentralized Oracle Service for the Cardano Blockchain

Orcfax is a decentralized oracle service that publishes data about real world events to the Cardano blockchain. It makes this data available to on-chain smart contracts in Cardano's native eUTXO format using the Cardano Open Oracle Protocol (COOP). The service archives standards-compliant audit logs for all its real-world data collection and validation processes, which are stored on the Arweave decentralized storage network and accessible via the mobile app "Fact Explorer." The oracle data is marked up using fact-checking vocabularies, ensuring authenticity and accuracy, and making it more trustworthy and repurpose-able for smart contracts and decentralized applications (dApps).

Key Features

  • Collects real-world data from multiple sources for each data point.
  • Utilizes a distributed network of validator nodes to deliver decentralized oracle feeds.
  • Provides full, permanent audit trails for all data collection and validation processes.
  • Has a decentralized, sustainable storage system using a standards-compliant archival packaging format.
  • Supports the development of decentralized oracle pools driven by stake-based incentives.

Technology and Architecture

The Orcfax system comprises software nodes written in Python, Haskell, and Plutus v2 code, which collect and publish data about real-world events as CBOR-serialized reference inputs into Cardano transactions. The service ensures that these data inputs can be trusted and verified through decentralized, transparent processes. The COOP, which is open-source and under an Apache 2.0 license, creates the framework for data publication, maintaining compliance with Cardano's eUTXO design and enhancing cost efficiency.

Summary

Orcfax offers a robust solution for the Cardano blockchain, focusing on the authenticity, accuracy, and transparency of the data provided. By integrating a decentralized oracle protocol and self-regulating mechanisms, it enables trustworthy and reliable data for a wide range of application scenarios, solidifying its presence in the blockchain and smart contract ecosystem.

2. Price

FACT

2.1. Market Performance

How does Orcfax's (FACT) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-9.9%

FACT

-3.0%

Similar Market Cap

60 Day Return

-19.0%

FACT

-15.8%

Similar Market Cap

3. Developer Activity

We're monitoring 20 Orcfax GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Orcfax Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 119

Most Active Repos

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Past 12 weeks
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Past 12 weeks
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Past 12 weeks
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Past 12 weeks
Past year

Top Developers 2024

In total, 0 developers have contributed to Orcfax over the past year. Who are the most active Orcfax developers, by commits, over the past year?

Related Projects

Developers working on Orcfax also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users
Twitter followers 7,946
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://orcfax.io/
Explorer https://cexplorer.io/asset/asset1kuwfd0esf9xcxurp2...
Twitter @orcfax
Forum https://docs.orcfax.io/

What is the correct contract address for Orcfax?

Cardano a3931691f5c4e65d01c429e473d0dd24c51afdb6daf88e632a6c1e51

Has Orcfax been audited for security?

No security audits found for this project.

Are you the owner of Orcfax? Edit it here

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