The era of relying on centralized and shady oracles for data verification is over. Orochi Network births a new era of verifiable data economy where data integrity and privacy are the watchwords!
How do you benefit from this innovation?
With Orochi Network verifiable data economy, every user is a Node and every Node connects the functionalities of data proofs and verifiability of which Orochi Network represent. This entails that you can be an OnProver and as well contribute to Orochi's decentralized network.
As an OnProver or client who patronizes Orochi Network's data verification infrastructure, Orochi has mapped out incentive model to reward active provers and contributors of its ecosystem through the $ON token-drops.
$ON is Orochi Network's native token that will play key functionalities in the Orochi Network's verifiable data economy.
The following are the key functionalities of the $ON token:
✓ Validation and Consensus Participation: Validators will stake $ON to participate in Orochi's consensus process in order to boost governance.
✓ Payment for Resources: The $ON token will be used to pay for network resources such as leasing space on Orochi's distributed storage network (zkDatabase) for secure and verifiable data management.
✓ Proof Generation and Verification: The token will facilitate the creation and verification of cryptographic proofs (Zero-Knowledge Proofs) which are Orochi Network's data pipeline. This functionality will support secure data processing for applications like Zero-Knowledge Applications (zkApps), Decentralized Applications (dApps) and smart contracts.
✓ Governance: $ON will serve as a governance token, allowing holders to participate in decision-making processes that will shape Orochi Network's future and forster a community-driven ecosystem.
✓ Rewards for Ecosystem Participation: Lastly, the $ON token will be adopted for rewarding active users who participated in the On-active and OnProver campaigns.
Orochi Network offers the opportunity for validators to earn $ON tokens simply by running lightweight nodes in a browser, hence contributing to it's data verification infrastructure.
Orochi Network isn't just building a brand, it's reshaping the future of data verification by introducing a Zero-Knowledge Proof system where every data is tested, proven and verified without revealing its identity 🆔.
Read more 👇
https://orochi.network/blog/category/verifiable-data-economy