1. Bridge: moving native token or data from Ethereum, BNB Chain, and other networks to Oraichain and vice versa;
2. Swap: easy token swapping, streamlined liquidity provision and farming with profitable APR;
3. IBC integration: allowing trustless communication between ORAI, ATOM, LUNA, UST, OSMO, JUNO, and more;
4. NFT Bridge: relocating NFT assets from Oraichain to other networks like Ethereum or BNB Chain and vice versa.
ORAIX is the governance and utility token of OraiDEX, which is designed to balance its inflation from rewards and spending from utility fees as follows. Note that a portion of utility fees will be burnt. It will be decided by governance voting.
Utilities:
- Pay meta-staking fee (the fee is taken directly from profits);
- Pay pool creation fee;
- Pay OraiBridge fee;
- Pay NFT Bridge fee;
- Buy airdrop NFT tickets of newly listed projects on OraiDEX.
Governance:
- Fee structures;
- Meta-staking policies.
Website: https://oraidex.io/
How to Buy ORAIX on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing ORAIX. Some reputable platforms include MEXC、KuCoin、BingX, and others.
Step 2: Register an Account
Here, we'll register an account on the KuCoin(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing ORAIX.
Step 5: Purchase ORAIX
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of ORAIX you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy ORAIX.
Step 6: Store Your ORAIX
After purchasing, you can choose to store your ORAIX in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and ORAIX assets, be sure to use a strong password and enable two-factor authentication.
ORAIX Price:OraiDEX is an emerging decentralized exchange platform known for its multi-chain interoperability and emphasis on speed. It operates on the CosmWasm smart contract framework, ensuring a robust and efficient trading environment. The platform aims to facilitate seamless interactions between various blockchain networks through compatibility with Cosmos IBC (Inter-Blockchain Communication).The price fluctuates daily, you can go to the exchange: KuCoin to check the price.
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