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Oraichain operates as a public blockchain dedicated to facilitating users in generating multiple data requests. At its core, the platform connects smart contracts with AI-based application programming interfaces (APIs). This essential feature allows smart contracts to be augmented by accessing external AI APIs, thereby opening up new avenues for automation and data utilization.
The native cryptocurrency of the Oraichain network is $ORAI, which plays a crucial role in the platform's operation. By utilizing $ORAI tokens, users can pay for AI services within the Oraichain ecosystem, ensuring that transactions are seamless and efficient. Through this setup, Oraichain not only enhances the functionality of smart contracts but also creates a marketplace where AI services can be accessed and monetized.