ORA Unveils Community-First Token Generation Event, Live Now On Uniswap
San Francisco, CA, November 19th, 2024, Chainwire
ORA is pleased to announce its upcoming token generation event (TGE) on the decentralized trading platform Uniswap on Ethereum. During the TGE, 100% of ORA’s float will be available for community purchase to give as many users as possible an opportunity to join the project’s ecosystem.
Blockchain technology is transforming how artificial intelligence (AI) is accessed and developed. ORA is building at this intersection, providing accessible, chain-agnostic infrastructure that has been designed to bridge the gap between blockchain and AI.
In June, the project completed a $20M fundraising round with the participation of top backers like Polychain, HF0, HashKey Capital, and SevenX Ventures.
Bold Approach to Incentives
Inspired by Vitalik Buterin’s DAICO, ORA is redefining the paradigm of token launches by giving power back to the community. During its TGE, the full allocation will be available for community purchase. This is a bold approach to incentives in a space where many projects retain a significant share of their tokens for internal stakeholders.
No project of ORA’s scale has ever committed its entire float to community distribution.
“We are breaking through existing systems of incentive offerings. As a venture-backed project, we have operational products that generate revenue already and we are looking to bootstrap our ecosystem with this launch, ” said Kartin Wong, ORA’s cofounder.
The project is setting a new standard for inclusivity in early-stage investment. During its TGE, users will, for the first time, gain direct exposure to a firm innovating at the front of decentralized AI (DeAI).
Community Driven Growth
ORA is dedicated to fostering a sustainable, long-term ecosystem. This commitment is evident in ORA’s AI infrastructure which prioritizes resilience and longevity over immediate returns. The project is guided by an open-source philosophy that emphasizes transparency and encourages collaborative development and community-led decision-making.
This is reflected in ORA’s AI infrastructure, which includes an AI oracle using opML (optimistic machine learning) that lets developers bring decentralized and verifiable inference to any blockchain, an initial model offering (IMO) tokenizing AI models, and Tora, a permissionless client for the ORA network.
The ORA AI oracle is built to be adaptable and accessible, allowing developers to build AI-enhanced dApps with full transparency and verifiability. Through IMOs, open-source contributors can share ownership of and capture the value their models generate while sharing profit through tokens.
By supporting shared ownership and collective innovation, ORA aims to create a platform that grows in alignment with the interests and contributions of its community, laying the groundwork for a robust and inclusive ecosystem
In the same vein, the ORA TGE on Uniswap will give users an equal opportunity to contribute to the ORA ecosystem from the start.
By breaking new ground at the intersection of blockchain and AI, ORA is offering users in and out of crypto unprecedented exposure to ETH AI. Members of its community now have access to an “ecosystem of ecosystems” that is designed to fuel the exponential growth of AI-powered applications.
With this structure, ORA has created a foundation for developers and contributors to collaboratively build, share, and advance decentralized AI models, sustaining and supporting the development of future decentralized AI innovations.
About ORA
ORA is a chain-agnostic infrastructure that bridges the gap between AI and blockchain. It is designed to empower developers with the tools necessary to build end-to-end trustless and decentralized applications enhanced by verifiable AI. ORA is live today, offering the capability to verify and run inference on the largest and most sophisticated AI models without limitations.
