Log in
Enquire now
OAK Network

OAK Network

OAK Network is an automation infrastructure for DeFi and recurring payment built fo Web3 on the Parity Substrate.

OverviewStructured DataIssuesContributors

Contents

oak.tech
Is a
Organization
Organization
Cryptocurrency
Cryptocurrency
Company
Company

Company attributes

Industry
Cryptocurrency
Cryptocurrency
Finance
Finance
Technology
Technology
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Financial technology
Financial technology
Blockchain
Blockchain
Payment
Payment
Location
San Francisco
San Francisco
United States
United States
B2X
B2B
B2B
CEO
Chris Li
Chris Li
Founder
Chris Li
Chris Li
Irsal McGinnis
Irsal McGinnis
Pitchbook URL
pitchbook.com/profiles...484550-20
Number of Employees (Ranges)
11 – 50
Email Address
contact@oak.tech
Number of Employees
15
Full Address
2193 Fillmore St, San Francisco, California 94115, US
Investors
Shima Capital
Shima Capital
Greylock
Greylock
Foundation Capital
Foundation Capital
Electric Capital
Electric Capital
0
Hypersphere Ventures
Hypersphere Ventures
Monday Capital
Monday Capital
GSR
GSR
Founded Date
2020
0
Total Funding Amount (USD)
5,500,000
Latest Funding Round Date
February 2022
Competitors
Reflexer Labs
Reflexer Labs
Maple
Maple
dForce
dForce
Flexa
Flexa
Saddle Finance
Saddle Finance
Gro (company)
Gro (company)
Bitbuy
Bitbuy
Shakepay
Shakepay
Business Model
Transaction processing / marketplace
CTO
Irsal McGinnis
Irsal McGinnis
Latest Funding Type
Seed
Seed

Cryptocurrency attributes

Consensus Mechanism
Nominated Proof-of-Stake (NPoS)
Nominated Proof-of-Stake (NPoS)
Ticker Symbol
OAK

Other attributes

Company Operating Status
Active
Strategic Partnerships
SlowMist
SlowMist
0
Latest Funding Round Amount (USD)
5,500,000
Medium URL
medium.com/oak-blockchain
Partner Organizations
Blockdaemon
Blockdaemon
Polywrap
Polywrap
SubQuery
SubQuery
Gate.io
Gate.io
Web3Go
Web3Go
OnFinality
OnFinality
Overview

OAK (On-chain Autonomous Kernel) Network is a developer of an automation blockchain for DeFi and recurring payments across protocols, built with an event-driven execution model. The company works to achieve this through an on-chain autonomous framework with the event-driven virtual machine, autonomous transactions, and an on-chain scheduler to help dApps and DeFi make transactions that are triggered by event signals.

The company was founded in 2020 by Chris Li and Irsal McGinnis. It is headquartered in San Francisco, California, with a mission to build a Stripe-style network for Web3 and across protocols. The blockchain is built on the Parity Substrate, which allows transactions to be triggered by event signals, such as smart contract state changes or time changes, rather than Ethereum's transaction-based model.

Platform

The OAK Network offers a cross-chain automation infrastructure with the following features:

  • an event-driven model in which users can schedule future transactions based on time triggers, allowing them to automate recurring or one-time tasks regardless if they are cross-chain
  • a trustless auto-trading framework, including a decentralized limit and stop-loss orders without smart contracts or private key delegation
  • smart contract triggers, which can be customized according to specific logic or actions
OAK Network Token (OAK)

OAK is a utility token with an initial supply of 1 billion. The token is supposed to be minted in the genesis block at launch, and it is used to power network transaction fees, with dynamic fees that can be adjusted to prioritize tasks and reduce network congestion. The token can be used for staking in the network, which is rewarded by the network. It is a governance token that allows token holders to determine the direction of the network. And it is part of the DAO community OAK intends to build and includes developer incentives.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

[Tutorial] OAK Testnet Validator Upgrade Guide -- v1.0.1

Irsal McGinnis

https://medium.com/oak-blockchain/tutorial-oak-testnet-validator-upgrade-guide-v1-0-1-5369269d6782

Web

November 3, 2021

Company Overview

chris

https://docs.oak.tech/docs/company-overview/

Web

February 4, 2022

OAK Network Partners With OnFinality - OAK Network - Medium

David Wu Finkelstein

https://medium.com/oak-blockchain/oak-network-partners-with-onfinality-8fcc3c44b362

Web

January 10, 2022

References

Find more companies like OAK Network

Use the Golden Query Tool to find similar companies in the same industry, location, or by any other field in the Knowledge Graph.
Open Query Tool
Access by API
Golden Query Tool
Golden logo

Company

  • Home
  • Press & Media
  • Blog
  • Careers
  • WE'RE HIRING

Products

  • Knowledge Graph
  • Query Tool
  • Data Requests
  • Knowledge Storage
  • API
  • Pricing
  • Enterprise
  • ChatGPT Plugin

Legal

  • Terms of Service
  • Enterprise Terms of Service
  • Privacy Policy

Help

  • Help center
  • API Documentation
  • Contact Us
By using this site, you agree to our Terms of Service.