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Orca is a cryptocurrency trading platform based on the Solana blockchain, aimed at providing a fast, affordable, and secure trading experience. Here are some key information about Orca:
Trading Model: Orca operates on an automated market maker (AMM) trading model, where users trade with token pools rather than directly with other users.
Features: Orca boasts fast transaction speeds, low fees, and leverages the advantages of the Solana blockchain, including 50,000 transactions per second and 400ms block time.
Security: Orca's smart contracts are based on Solana Foundation's token exchange program and have undergone an audit by the encryption security company Kudelski to mitigate security risks.
Functionality: Orca offers various functionalities such as instant swaps, liquidity pool viewing, token staking, etc. Users can provide liquidity to earn trading fees.
Governance Token: Orca has issued its own governance token ORCA for community governance and decision-making. The initial circulating supply of ORCA is 5.25 million, with a total supply of 100 million tokens.
Community-driven: Orca is a community-driven exchange focused on making cryptocurrency trading on its platform as simple and intuitive as possible.
Risk Advisory: Orca strongly advises users to understand the trading risks, including smart contract vulnerabilities before engaging in trades.
Vulnerabilities and potential risks of uncompensated losses.