Oortech Price
(OORT)
USD($)
Oortech (OORT) Live Price Chart
Overview
About
Analysis
FAQ
Oortech Live Price Data
The live price of Oortech is $0.15748, with a total trading volume of $ 95,613 in the last 24 hours. The price of Oortech changed by -4.22% in the past day, and its USD value has decreased by -21.7% over the last week. With a circulating supply of 302,158,563 OORT, the market cap of Oortech is currently 47.26M USD, marking a --% increase today. Oortech currently ranks #-- in market cap.
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Note: This data is for reference only.
Oortech(OORT) Profile
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- Ethereum 0x5651fa...599
- BNB Smart Chain (BEP20) 0x5651fa...599
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$0.15543
$0.19238
- ATH
- $1.18
- Price Change (1h)
- -0.46%
- Price Change (24h)
- -4.22%
- Price Change (7d)
- -21.70%
- Market Cap
- $47.26M
- 24h Volume
- $95,613
- Circulating Supply
- 302,158,563
- Max Supply
- 2B
About OORT
How can I buy Oortech (OORT)?
Buying OORT on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Oortech (OORT) for more information. What Is Oortech (OORT) Crypto?
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.
How Does Oortech Work?
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.
History of Oortech and OORT Coin
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.
What Is OORT Token Used for?
The $OORT token is used for several purposes within the Oortech ecosystem:
- 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.
- 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.
- 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.
- 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.
- 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 $OORT based on your investment goals and risk tolerance.
What Is Oortech Tokenomics?
The total supply of Oortech (OORT) tokens is 1,998,900,000 OORT. The OORT Foundation uses up to 30% of its profits to buy back and burn tokens regularly. This process, which occurs every three months, reduces the total supply of tokens, aiming to increase their value over time.
Oortech (OORT) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.00727 | -4.41% |
| 7 Days | $-0.04367 | -21.71% |
| 30 Days | $0.07318 | 86.82% |
| 3 Months | $0.04768 | 43.43% |
24H Investment Barometer
24H
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- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Oortech Conversion Rate
FAQ
How much is 1 Oortech (OORT) worth?
KuCoin provides real-time USD price updates for Oortech (OORT). Oortech price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time OORT to USD exchange rates. Is Oortech (OORT) a Good Investment?
Investing in OORT could be beneficial if you are looking for a project with strong technological foundations, strategic partnerships, and community-driven governance:
- Decentralized Cloud Computing: OORT leverages decentralized infrastructure for cloud computing, ensuring higher security and transparency in AI applications. This reduces reliance on centralized systems, promoting trust and privacy.
- Strong Partnerships: OORT has partnerships with major companies like Dell Technologies, Tencent Cloud, and Seagate. These collaborations enhance its credibility and expand its technological capabilities.
- Scalability and Efficiency: By utilizing global resources from data centers to edge devices, OORT provides scalable and efficient storage and computing solutions. This makes it a cost-effective option for businesses and developers.
- Staking Rewards: You can stake OORT tokens to earn rewards, which supports network operations and provides a passive income stream for investors.
- Governance Participation: OORT token holders have governance rights, allowing them to vote on key network decisions. This ensures that the community has a say in the platform's development.
- Token Deflation: OORT implements a token buyback and burn strategy to reduce the total token supply regularly. This deflationary mechanism aims to increase the token's value over time.
- AI and Data Solutions: OORT focuses on AI applications and data-driven solutions, making it a significant player in the growing AI market. Its products like OORT AI, OORT Storage, and OORT Compute cater to diverse AI and data processing needs.
What Is Oortech Price Prediction?
Here are some factors that influence OORT price prediction:
- Market Demand and Supply: The price of OORT is affected by the balance between its demand and supply. High demand with limited supply can drive the Oortech price up, while low demand can lower prices.
- Technological Developments: Innovations and advancements in OORT’s technology, such as new features or partnerships with major companies like Dell, Tencent Cloud, and Seagate, can boost investor confidence and increase the OORT to USD price.
- Market Sentiment: Investor sentiment and market perception play significant roles. Positive news, successful project milestones, or general optimism about the crypto market can lead to increases in the OORT crypto price. Conversely, negative news can cause the $OORT price to drop.
- Partnerships and Integrations: Collaborations with other companies and platforms, like OORT's integration with BNB Greenfield and its collaboration with Lenovo, enhance its utility and adoption, potentially increasing the OORT token price.
- Tokenomics: OORT's tokenomics, including its staking rewards, governance rights, and the deflationary mechanism of buying back and burning tokens, influence its value by creating scarcity and incentivizing holding and usage.
- Overall Cryptocurrency Market Trends: The broader trends in the cryptocurrency market also impact the OORT coin price. Bullish markets often lead to rising prices for most tokens, including OORT, while bearish markets can have the opposite effect.
How to Mine OORT Coin on Oortech
To mine OORT coins, you need to follow these steps:
- Get the Right Hardware: You'll need a powerful computer or mining rig. The choice of hardware can vary based on the network's mining difficulty. While GPUs can be used for some cryptocurrencies, ASIC miners are more efficient for specific mining algorithms.
- Set Up a Crypto Wallet: Create a cryptocurrency wallet to store your mined OORT tokens securely. There are many options, including cold storage wallets for added security.
- Download Mining Software: Obtain the appropriate mining software compatible with your hardware. This software connects your hardware to the OORT network and allows you to start mining.
- Join a Mining Pool: Mining solo can be challenging and less profitable. By joining a mining pool, you can combine your computational power with other miners, increasing your chances of successfully mining blocks and earning rewards. Rewards are distributed based on your contribution to the pool.
- Configure and Start Mining: Configure your mining software with the details of your mining pool and start mining. Ensure that you monitor your mining activity and keep your hardware well-maintained to maximize efficiency and profitability.
Mining OORT involves significant setup costs and energy consumption, so it's essential to plan carefully and consider the long-term profitability of your mining operation.
What is the all-time high price of Oortech (OORT)?
The all-time high price of Oortech (OORT) is $1.18000. The current price of OORT is down 86.69% from its all-time high.
What is the all-time low price of Oortech (OORT)?
The all-time low price of Oortech (OORT) is $0.07494. The current price of OORT is up 110.29% from its all-time low.
How much Oortech (OORT) is there in circulation?
As of 12 22, 2024, there is currently 302,158,563 OORT in circulation. OORT has a maximum supply of 2B.
What is the market cap of Oortech (OORT)?
The current market cap of OORT is $47.26M. It is calculated by multiplying the current supply of OORT by its real-time market price of $47.26M.
How do I store Oortech (OORT)?
You can securely store your Oortech in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your OORT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Injective (INJ) to cash?
You can instantly exchange your Injective (INJ) for cash using KuCoin's Fast Trade feature. This feature enables you to convert INJ to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.