OrcFax
About OrcFax:
OrcFax
Orcfax represents a next-generation oracle service tailored for the Cardano blockchain, serving as a conduit for real-world event data integration into the Cardano transaction datum. This information is then furnished as on-chain data inputs accessible to smart contracts, scripts, and dApps operating within the Cardano blockchain ecosystem.
Orcfax's data is provided in Cardano's native eUTXO format, employing our proprietary Cardano Open Oracle Protocol (COOP). A Superior Approach to Dispensing Oracle Data Orcfax accumulates real-world data from diverse sources for each data point and relies on a distributed network of validator nodes to distribute genuinely decentralized oracle feeds.
Orcfax also offers comprehensive audit logs detailing its data collection and validation processes for each datum within a permissionless, decentralized storage network. This empowers users to "trust but verify" the factual statements published by Orcfax. Orcfax is meticulously designed to furnish authentic and precise oracle data, addressing a critical necessity to fulfill the largely unmet potential of DeFi. Moreover, numerous other business models and industries stand ready to harness the capabilities of distributed trust technology.
Join them on their journey to redefine oracle feeds!
Features...
Triangulated Data
All feed data collected from multiple primary sources
Fully Auditable
Permanent audit trails (in human readable format) for all data feed activity
Stake-Based Validation
Decentralized oracle pools of independent validator nodes verify the accuracy and authenticity of source data, driven by stake-based reward incentives
Archived Forever
All data stored on decentralized, sustainable storage using a standards-compliant archival packaging format for permanent access and re-use
Cardano-Native eUTXO Design
Orcfax created and implements the Cardano Open Oracle Protocol as an open standard designed to support and enhance eUTXO datum publication. A key objective of the COOP is leveraging the eUTXO design to reduce on-chain fees.
$FACT Token
The Orcfax platform includes a Cardano-native utility token that is used for:
1. Payment for on-demand, oracle data publication
2. Staking by our data validator nodes
3. Reward payments to validators
4. Voting power in Orcfax DAO governance decisions
You can read more about the $FACT token utility and tokenomics in their docs.
The $FACT token was made available on the open market via the Wingriders Launchpad.
Team
Founder:
