Oortech Price

Oortech is a decentralized cloud computing platform designed for AI applications. It leverages global resources, including data centers and edge devices, to provide secure and scalable computing and storage solutions. The platform uses blockchain technology to ensure transparency and accountability in AI processes, from data collection to model training and inference.

OORT features several key products:

• OORT DataHub: A community-driven platform for data generation and pre-processing for AI applications.
• OORT Storage: A decentralized storage service offering secure data storage and retrieval.
• OORT Compute: An upcoming decentralized computing service for AI model training and fine-tuning, launching in 2024.

The platform's underlying blockchain, Olympus Protocol, uses a patented Proof of Honesty (PoH) algorithm to maintain integrity and fairness across the network. OORT aims to address issues like privacy, security, and bias in AI systems, promoting a more trustworthy and equitable AI development environment.

Oortech works as a decentralized cloud computing platform designed for AI applications. It leverages global resources, including data centers and local edge devices, to provide scalable and secure computing and storage solutions. Oortech aims to address issues like trust, privacy, and security in AI systems by ensuring transparency and accountability at every stage of the AI lifecycle.

OORT uses a network of nodes spread globally, integrating resources from data centers to personal devices. This ensures that data and computations are distributed, enhancing security and reducing costs.

OORT employs its proprietary blockchain, the Olympus Protocol, which uses a patented Proof of Honesty (PoH) algorithm. This ensures all transactions and computations are transparent and verifiable, maintaining integrity across the network.

The platform simplifies the integration of AI into business processes. Users can create and deploy AI models quickly without needing specialized knowledge, making AI accessible to a broader audience.

OORT collaborates with major tech companies like Dell, Tencent Cloud, and Lenovo, and integrates with other blockchain networks like Filecoin and Arweave. This broad network supports OORT's decentralized services and enhances its reliability and reach.

Oortech (OORT) was founded by Dr. Max Li. Dr. Max Li, who has a background in AI and blockchain technology, leads the team. The team includes members from top institutions like Columbia University, Qualcomm, AT&T, and JP Morgan. The platform officially launched its mainnet, Olympus Protocol, on November 27, 2023.

Oortech Roadmap Highlights

• Q1 2023: Launched the Ascraeus Testnet and OORT DEN (Decentralized Edge Network).
• Q2 2023: Announced strategic partnerships with Tencent Cloud and Emurgo.
• Q3 2023: Launched OORT AI and onboarded Lenovo Image as a client.
• Q4 2023: Mainnet launch of Olympus Protocol.
• Q1 2024: Planned token listings on centralized exchanges.
• Q2 2024: Launch of OORT DataHub, a platform for community-driven data generation.
• Q4 2024: Introduction of OORT Compute, a decentralized computing service for AI model training and fine-tuning.

The $OORT token is used for several purposes within the Oortech ecosystem:

1. Service Payments: You can use OORT tokens to pay for services within the OORT network. Using OORT tokens often grants you discounts compared to paying with fiat currency.
2. Staking: You can stake OORT tokens to earn rewards. Staking involves locking your tokens in a pool to support network operations, like providing storage and compute capacity, and you earn a share of the mining rewards. You can either delegate your tokens to node providers or become a node provider yourself.
3. Governance: OORT token holders have voting rights on key decisions affecting the network. This includes voting on proposals for network upgrades, changes to network parameters, and distribution of mining rewards. This ensures the community has a say in the platform's development and operations.
4. In-Game Transactions: Within the OORT digital ecosystem, particularly in their gaming platforms, OORT tokens are used to purchase in-game items, access services, and engage in staking for game-related rewards. This integrates the token into both the technical and entertainment aspects of the ecosystem.
5. Trade OORT on KuCoin: Trade Oortech coin against other cryptos on the KuCoin Spot Market after you do your own research (DYOR). Buy, sell, or HODL $OORT based on your investment goals and risk tolerance.

The total supply of Oortech (OORT) tokens is 1,998,900,000 OORT. The OORT Foundation uses up to 30% of its profits to buy back and burn tokens regularly. This process, which occurs every three months, reduces the total supply of tokens, aiming to increase their value over time.