The network is open for community validators to join and create new blocks. Therefore, team are excited to launch a reward program for Oraichain testnet validators that incentivise your participation in what will soon become the mainnet of Oraichain, the world’s first AI-powered data oracle.
The launch of Oraichain Testnet Validator Program is a key milestone for Oraichain ahead of mainnet. This will hold the same impact as their successful product launch with yAI.Finance and Oraichain AI Marketplace — which aims to have 100 AI APIs early next year. Team have ramped up their resource with 13 developers working on the Oraichain mainnet team and spent almost 10,000 working hours to complete the Oraichain testnet in just three months.
The Oraichain network is based on the Cosmos Network that is fully compatible with Cosmos IBC. The Oraichain validators will create new blocks and run oracle scripts that are used to execute AI requests. The network and validators are designed to have high modularity and scalability, creating a scenario for easy integrations of new features and components into Oraichain’s network.
The Oraichain testnet consists of:
Node validators are eligible for 400 ORAI rewards maximum and can run only one node. Oraichain reserves the right to invalidate rewards for node validators that exploit the system and if team detect anomalies such as the case they are running more than one node.
Oraichain is a data oracle platform that aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. Oraichain is the world’s first AI-powered Oracle, it aims to revolutionize the AI, DeFi and Blockchain industries.