OraiDEX
ValidatedExchanges
DEX
ORAIX$0.00791-3.36% ↓
The first Decentralized Exchange on Oraichain
- 599 Followers599 Followers
- 115 Likes115 Likes
About OraiDEX
Oraichain has evolved into AI Layer 1 for Data Economy and Oracle Services with high throughput, more decentralization and supporting both Cosmwasm and EVM smart contracts. OraiDEX is a CosmWasm smart contract-based decentralized exchange platform with multichain interoperability, optimal speed, and a lot of liquidity options for users.
OraiDEX is a decentralized exchange platform built on the Oraichain network, offering multichain interoperability, optimal speed, and ample liquidity options. It leverages CosmWasm smart contracts to provide a seamless trading experience for users, integrating advanced blockchain technology to facilitate token swaps, liquidity provision, and farming with profitable APRs. OraiDEX aims to enhance the liquidity and user engagement within the Oraichain ecosystem.
The mission of OraiDEX is to bring more liquidity, users, and transactions to the Oraichain network by providing a robust and efficient decentralized exchange platform. By supporting multiple blockchains and integrating features like token bridging and NFT transfers, OraiDEX positions itself as a key player in the DeFi space, promoting cross-chain compatibility and decentralized finance solutions.
OraiDEX Magic Store Validation Score
See Results ››OraiDEX Review Score by Real Users
- 5
- 0
- 0
- 0
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ORAIX Token Price Chart (Real Time)
Token Statistics
- Market Cap$5,846,437.00
- Volume$121,680.00
- Circulating Supply739,103,356.801
- Max Supply749,999,979
- FDMC$5,846,437
About OraiDEX Token
ORAI Token is the native utility token of the OraiDEX platform, designed to facilitate various transactions and services within the ecosystem. The token plays a crucial role in incentivizing liquidity provision, staking, and governance, ensuring that users are actively engaged in the platform's operations.
The primary utility of the ORAI Token includes its use in liquidity mining, where users can stake their tokens in liquidity pools to earn rewards. This incentivizes users to contribute to the platform's liquidity, enhancing the overall trading experience. Additionally, ORAI Token holders can participate in governance decisions, voting on important proposals and changes to the platform's protocols.
ORAI Token is also used for transaction fees within the OraiDEX platform, providing a seamless and efficient means of conducting trades and other DeFi activities. By integrating the token into various aspects of the platform, OraiDEX ensures that users have a cohesive and rewarding experience while engaging with the ecosystem.
Furthermore, the ORAI Token can be utilized in cross-chain transactions, leveraging the platform's multichain interoperability to facilitate seamless asset transfers between different blockchain networks. This enhances the token's utility and positions it as a versatile asset within the DeFi space.
The distribution of ORAI Tokens is designed to promote a fair and decentralized ecosystem. A portion of the tokens is allocated for liquidity mining rewards, staking incentives, and governance participation, ensuring that active users are rewarded for their contributions. Additionally, a portion of the tokens is reserved for the development and growth of the OraiDEX platform, supporting continuous innovation and improvement.
In summary, the ORAIToken is an integral part of the OraiDEX ecosystem, providing utility and incentives that drive user engagement and platform growth. Its role in liquidity provision, governance, and cross-chain transactions makes it a valuable asset for users participating in the OraiDEX platform.
OraiDEX Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 12.04.2024Validation Date
OraiDEX User Trust Reviews
OraiDEX FAQ
OraiDEX supports cross-chain interoperability through the use of CosmWasm smart contracts and Inter-Blockchain Communication (IBC), allowing seamless asset transfers between multiple blockchain networks such as Ethereum, Binance Smart Chain, and Oraichain.
Providing liquidity on OraiDEX allows users to earn rewards in the form of ORAI Tokens. This incentivizes users to contribute to the platform’s liquidity, enhancing the overall trading experience and enabling efficient token swaps.
The NFT bridge on OraiDEX allows users to transfer NFT assets between Oraichain and other networks like Ethereum and Binance Smart Chain. This feature enhances the utility and reach of digital collectibles.
To start trading on OraiDEX, create an account on the platform, connect your cryptocurrency wallet, deposit assets, and use the platform’s DeFi tools to trade, provide liquidity, or participate in yield farming and staking.
OraiDEX distinguishes itself with its advanced cross-chain capabilities, seamless integration with the Oraichain network, and comprehensive suite of DeFi tools, providing a robust and efficient trading experience compared to competitors like Uniswap and SushiSwap.
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