Orakuru  ORK Price N/A

Orakuru (ora-ku-ru) is an indisputable price oracle on BSC (Binance Smart Chain). A truly decentralized alternative for off-chain data. It provides real-world data to the blockchain and asks its external nodes to capture data, such as BSC price feeds and off-chain market prices. Orakuru’s data becomes available for on-chain usage in DEXs, prediction markets, insurance, lending, and more, using their feeds to power different dApps.

Orakuru architecture

• Accepting and registering consumer job requests to perform an off-chain data retrieval.
• Relay job request information to oracle nodes within the Orakuru network, and aggregating the results which are then passed on to the client.
• Management of Orakuru oracle nodes, in particular, assigning a score to each based on their demonstrated commitment to the network, and applying ‘slashing’ of their stake in case of poor performance.

The ORK token

Orakuru’s ORK token is deployed on Binance Smart Chain and follows the BEP-20 token standard. ORK’s use case is three folded:

• 1) It is used as the digital asset token to pay for services on the Orakuru network;
• 2) Reward node operators for serving job requests to clients;
• 3) On-chain governance to regulate different aspects of the network, such as the minimum number of tokens that need to be committed by a node operator before they can join the network.