Name: Orao Network
SKU: ORAO
Price: 0.002527846568 USD

Orao Network is a Polkadot native oracle service for custom data feeds. Its substrate based blockchain provides a large variety of secure data at high speed in real-time, everything from local weather data to the outcome of football matches with maximum scalability for any blockchain.<h3>The ORAO Solution</h3><ul><li>Predefined Data Protocols</li><li>Machine Learning with Tensor Flow</li><li>Auction System and Reputation</li><li>Cross-Chain Interoperability with Polkadot</li></ul> <h3>Use Cases</h3><h4 class="ql-align-center">Esports</h4>By&nbsp;providing the outcome of an esports match we&nbsp;can fuel dapps without involving a third party. Smart contracts can be&nbsp;set up&nbsp;which query oracles after the end of&nbsp;a&nbsp;match to&nbsp;find out the outcome and then distribute payments accordingly<h4 class="ql-align-center">Weather</h4>Similarly, an&nbsp;insurance contract can insure a&nbsp;farmer against years of&nbsp;low precipitation&nbsp;- easy enough for a&nbsp;smart contract to&nbsp;query data providers and find out how many inches of&nbsp;rain have fallen between two dates in&nbsp;a&nbsp;particular region. If&nbsp;there has been a&nbsp;drought, payments can be&nbsp;made directly without delays for insurance company claims adjusters to&nbsp;inspect the farmer's yields<h4 class="ql-align-center">And much more</h4>Earlier Oracle platforms have understandably focused on&nbsp;financial data; mainly price feeds, due to&nbsp;technical limitations. ORAO introduces Data Protocols, which enable a&nbsp;large variety of&nbsp;new data products for providers to&nbsp;sell.

Token Economics

ORAO IEO: Gate.io

ORAO SHO: DAO Maker

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SHO RulesOnly whitelisted wallets are allowed to send funds.If you have won a ticket and contribute from a different wallet than the whitelisted wallet, your transaction will be refunded.Total raise — 1,000,000 USD<ol><li>Gate IEO: $125,000</li><li>DAO Maker SEED SHO: $875,000</li></ol>$1000 USD Allocation1000 Winning tickets875 Allocation Spots1000 DAO minimum to the stake for the SHO in the&nbsp;<a href="http://vault.daomaker.com/" rel="noopener noreferrer" target="_blank" style="color: inherit;">DAO Vault</a>In order to participate, you will need to stake at least 1000 DAO in the smart contract. The early unlock is possible, however, if you’d be unlocking staked tokens before the 10 days period ends, 10% of your tokens will get burned.Use this link for staking your DAO&nbsp;<a href="http://vault.daomaker.com/" rel="noopener noreferrer" target="_blank" style="color: inherit;">— vault.daomaker.com</a>Once you have a minimum of 1000 DAO staked you can go and sign-in for participation at<a href="http://socialmining.daomaker.com/" rel="noopener noreferrer" target="_blank" style="color: inherit;">&nbsp;socialmining.daomaker.com</a>The staked amount will put you into the specific trancheTranche 1: staking 1,000–1,999 DAOTranche 2: staking 2,000–3,999 DAOTranche 3: staking 4,000–9,999 DAOTranche 4: staking 10,000–24,999 DAOTranche 5: staking 25,000 DAO and moreBased on the current rate of DAO Holders already being in tranche 3 and higher gives you now a very high chance to get an allocation however the final snapshot of staked DAO will take place on Thursday, March 25th when sign-ins will close and the final chances will be adjusted accordingly.For this SHO we will only count staked amounts of DAO via using<a href="http://vault.daomaker.com/" rel="noopener noreferrer" target="_blank" style="color: inherit;">&nbsp;vault.daomaker.com</a>, meaning the Liquidity Provider’s balances at Uniswap or Balancer will not count this time. Only staked DAO or DAO LP via using<a href="http://vault.daomaker.com/" rel="noopener noreferrer" target="_blank" style="color: inherit;">&nbsp;vault.daomaker.com</a>&nbsp;will count. LP DAO will receive a multiplier of 3x. Meaning having 500 worth of LP DAO equals 1500 DAO.We will issue 1000 winning tickets for 875 allocation spots. The winners are going to be notified via email if they have a winning ticket and they will have 2 hours to pass KYC on our platform before contributions will start.The contribution amount for this SHO will be 1000 USDC and the platform will be closed once the cap of 875,000 USD will be reached. Participants who will send money once the cap is reached will get refunded.Timeline of Orao SHOMarch 22th (11am UTC) — sign-ins startMarch 25th (11am UTC) — sign-ins are closedMarch 25th (2pm UTC) — winners are announced by email, KYC is open for 2 hoursMarch 25th (4pm UTC) — Contributions are open for winnersContributions are closed as soon as the 875,000 USD cap is reachedTGE — TBAKYC LimitationsCitizens and residents of the following countries are not eligible to participate in the event:Afghanistan, American Samoa, Bahamas, Barbados, Bosnia and Herzegovina, Botswana, Cambodia, Canada, China, Ghana, Guyana, Iran, Iraq, Jamaica, North Korea, Laos, Libya, Mauritius, Mongolia, Myanmar, Nicaragua, Pakistan, Panama, Puerto Rico, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Uganda, Vanuatu, United States, U.S. Virgin Islands, Yemen, and Zimbabwe.

Orao Network

Orao Network is a Polkadot native oracle service for custom data feeds. 

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Orao Network ORAO

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