Today, we are thrilled to announce the launch of ORA Foundation, a long-term vision dedicated to advancing blockchain intelligence through decentralized AI.
Alongside this announcement, ORA Foundation is introducing $ORA, which will play a pivotal role in shaping the ORA ecosystem.
ORA Foundation: Vision and Mission
At the core of ORA Foundation is a vision to decentralize the future of intelligence. We are building an ecosystem where decentralized AI empower everyone through verifiable, transparent, and trustless systems.
Our mission is to pioneer Blockchain Intelligence, where AI meets blockchain to deliver secure, decentralized, and efficient solutions. This mission is anchored by ORA three flagship offerings, powered by our revolutionary **Optimistic Machine Learning (opML) technology:**
- **☉ - IMO (Initial Model Offering):** Tokenizing AI models to fund and foster open-source AI development.
- ℝ - RMS (Resilient Model Services): Providing robust AI computation with opML, ensuring resilient and verifiable AI services.
- **∀ - OAO (Onchain AI Oracle):** Bringing verifiable AI inference to any smart contract across any blockchain.
Since its launch just two months ago, ORA AI network has grown to include more than 600 nodes running LLM AI inferences for Ethereum mainnet. This represents a massive decentralized compute network powered by a diverse set of node operators and our vibrant community.
With AI Oracle, ORA became the first to bring large language models onchain, enabling over 800,000 AI inferences across Ethereum, Arbitrum, Optimism, and beyond, leveraging open-source models like Llama3 and Stable Diffusion.
Through IMO, the team at OLM Research pushed the boundaries of open language model innovation and fostering community-driven collaboration in open-source AI.
DAICO: A New Paradigm for $ORA Token Launch
Inspired by Vitalik Buterin’s vision of DAICO (a hybrid of DAO governance for transparency and ICO’s open fundraising), ORA Foundation is redefining token launches with the Decentralized AI Community Offering.
All ORA tokens are publicly and permissionlessly launched on Ethereum, putting governance and growth in the hands of community.
Key features of ORA Foundation’s DAICO approach:
- Community-First: No VC unlock. No launchpad. No CEX listing fee. No central control.
- Permissionless and Transparent: All $ORA tokens will be initially launched on decentralized exchanges on Ethereum, staying true to the ethos of decentralization.
With DAICO, we’re building a decentralized ecosystem that prioritizes community growth, transparency, and trustless governance.
$ORA Tokenomics
Key Facts
- Token: ORA Coin ($ORA)
- Contract Address: 0x33333333FEde34409Fb7f67c6585047E1F653333 on Ethereum mainnet
- Total Supply: 333,333,333
- Fully Diluted Value: $333,333,333
- Distribution: $ORA distribution is shown in the following graph:
Token Utilities
The $ORA token is central to the ORA ecosystem, serving multiple roles including:
- Access to IMO: $ORA grants ecosystem members the access to IMOs, funding the next state-of-the-art AI models and driving innovation in open-source AI.
- Node Operator: By staking $ORA, operator can run decentralized nodes, supporting services like OAO and RMS while earning fees.
- Governance: $ORA holders play a crucial role in shaping the future of the protocol through decentralized governance.
- Others to be announced.
Token Emission
$ORA’s tokenomics are designed to ensure a sustainable and decentralized ecosystem, with emissions and allocations structured across four portions of DAICO, Network, Foundation, and Ecosystem:
- DAICO (1%): The DAICO portion will be fully emitted as liqudity at launch.
- Network (33%): Each year, 3% of the total supply will be emitted as incentives for ORA opML nodes. To become a node operator, participants will need to stake 333,333 $ORA and provide high-quality AI services.
- Foundation (33%): The Foundation will be locked for 1 year, after which it will be vested over 5 years. This allocation supports long-term development, research, and the overall growth of the ORA ecosystem.
- Ecosystem (33%): Emissions from this portion will be released based on community governance.
Rules may be adjusted given conditions of protocol growth and strategy decisions based on community governance of $ORA.
ORA Roadmap: Building Towards Blockchain Intelligence
Our journey is just beginning, and the ORA roadmap outlines our path to achieving blockchain intelligence:
Short-Term Goals
- Optimizing Fraud-Proof Systems in opML: Enhancing efficiency and usability of fraud-proof mechanisms to ensure secure and verifiable AI operations.
- Ensuring Optimized Full Determinism in AI Framework: Refining our AI framework to guarantee deterministic and reproducible results, a cornerstone of verifiable AI.
- Developing High-Efficiency, Lightweight ORA Node: Creating a streamlined node system that enables wider participation in the ORA network with minimal resource requirements.
Mid-Term Goals
- Privacy-Preserving Decentralized AI: Integrating advanced cryptographic techniques such as Fully Homomorphic Encryption (FHE), Zero-Knowledge Proofs (ZK), Trusted Execution Environments (TEE), and Multi-Party Computation (MPC) to safeguard user data and ensure privacy.
- AI Finetuning and Training on opML: Building capabilities for decentralized AI finetuning and training directly on our opML framework, empowering developers to improve models collaboratively.
Long-Term Vision
- Decentralized, Collaborative AI for Large-Scale Models: Facilitating global collaboration to develop, train, and deploy extremely large-scale AI models within a fully decentralized framework.
Products’ Roadmap
For products in the ORA ecosystem, we are introducing significant updates across all core offerings.
IMO (Initial Model Offering) will host more events to fund and foster cutting-edge open-source AI models, empowering the community to drive innovation.
Within OAO (Onchain AI Oracle), new models and oracles will enhance the utility of AI-powered smart contracts across multiple blockchains.
The first version of RMS (Resilient Model Services) is set to launch in December 2024, delivering robust and verifiable AI computation for a variety of use cases.
Underpinning these advancements is the AI Fraud-Proof Virtual Machine (AI FPVM), the cornerstone of opML technology, ensuring secure and trustless verifiability for all AI models across the ORA ecosystem.
Join the ORA Revolution
The launch of the ORA Foundation and $ORA token marks the next phase in decentralizing AI. We invite everyone to join our journey as we build a future where blockchain intelligence becomes a reality.
Stay updated on our progress, participate in governance, and become an integral part of our decentralized AI ecosystem.
Together, we’ll pioneer the future of blockchain and AI.
Welcome to ORA.