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Orakuru

Orakuru

Orakuru is Binance Smart Chain's community owned and operated Oracle

Since the dawn of time, there have been only small gaps in our economic history where investment and business opportunities like crypto have been possible. After arriving in crypto in 2013 and surveying the current market demands, the natural step for us was to create the unstoppable, all-seeing oracle, that is, Orakuru.

Lately, we have seen the Binance Smart Chain’s (hereinafter: “BSC”) immense growth, together with its native token, BNB. To help create the ecosystem that Ethereum has become, with the benefits that BSC delivers - we will become the sole provider of all data on BSC.

Orakuru (ora-ku-ru) is an indisputable price oracle on BSC. 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. Our data becomes available for on-chain usage in DEXs, prediction markets, insurance, lending, and more, using our feeds to power their dApps.

Why BSC is the most logical launch strategy.

Several factors made us choose to develop and to build on BSC. One of the reasons is that the chain is promising and has many legit resources to back it up. Changpeng Zhao (CZ), the creator of Binance, BSC, and BNB, has personally stated that they will be pouring many resources to get developers over to Binance Smart Chain. Additionally, the ridiculous gas fees currently plaguing Ethereum renders the chain useless for ordinary retail investors. Besides, BSC’s transaction feed costs a few cents every few seconds. The block time is also much shorter. On Ethereum, the block-time is 30 seconds, while on BSC, it is 3 seconds.

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.

Orakuru utilises a completely decentralised stack to scrape, validate and push data out into our network. We rely on third parties to become external node validators, each of whom also scrape using our standardised technical stack. This allows for a completely flexible, democratised oracle, independent of a central authority.

Timeline

Patents

Further reading

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Documentaries, videos and podcasts

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Orakuru: Binance Smart Chain's Native Oracle. Unstoppable, All-Seeing.

May 5, 2021

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