What is Orakuru (ORK) | What is Orakuru token

In this article, we’ll discuss information about the Orakuru project and ORK token

Orakuru, BSC’s Native Oracle, is proud to announce that we will officially launch on KickPad’s IDO launchpad. We are grateful to be the very first project to utilize their platform. KickPad has proven that it wants to establish itself as a significant IDO- and presale platform on BSC. Thus, our first step to prove to our community that we value transparency and safety is launching on the well-known “rugproof” platform.

We hope to contribute to the growth of KickPad by collaborating closely with them during this process.

The strict vetting process of KickPad includes passing a preliminary manual overview and an interview. We quickly realized “Kick Dev’s” passion for Defi was the real deal during the interview.

“There is a lot of talent and quality work that legit anon teams can provide if vetted properly and strictly.” — Kick Dev

Indeed, the Orakuru team is anonymous. Nevertheless, our vision and goal remain pure. Like KickPad, we seek to innovate the Defi space. We believe that all operations on permissionless blockchains should ultimately be a simple process. Be it purchasing and transferring assets or interactions with smart contracts and dApps. However, this can not be done without a proper oracle solution.

Orakuru Price-Feeds

Why build an oracle on BSC?

To comprehend Orakuru’s vision, we want you to recognize the obvious need for oracles in decentralized blockchains. Without oracles, smart contracts and blockchains would be unable to control off-chain data, which is information outside of the network. However, it is essential to provide accurate knowledge from the outside world with specific contractual arrangements to enforce the agreement. This is where, as they provide a link between off-chain and on-chain data, blockchain oracles come into play.

Oracles are vital within the blockchain ecosystem because they extend the reach through which smart contracts will work. Smart contracts would have minimal utility without blockchain oracles since they would have access to data only from inside their networks.

For the global adoption of blockchains, a secure platform that enables contact between smart contracts and the external world is crucial. Smart contracts will have to rely only on knowledge already within their networks without blockchain oracles, which would considerably restrict their capabilities.

This is where Orakuru arrives. To broaden the BSC capabilities, we intend to offer accurate & timely data, which will be crucial as we take advantage of BSC’s low 3-second block time.

Before establishing Orakuru, we realized that community-governed oracles were missing — specifically on the BSC. Orakuru plans to fill the void. Nonetheless, we recognize that many oracles are needed to minimize the risk of false information being relayed. As a result, our work is based on teamwork rather than competition. We are open to collaborate with other oracle projects who are like-minded.

Listing Details:

As we approach the IDO launch date, the teams of KickPad and Orakuru will provide detailed information about the listing and timeline. Updates will be delivered on both our and KickPad’s Telegram group and announcement channel. Orakuru’s token sale can only be bought exclusively on KickPad’s launchpad for the first hour. After this, $ORK tokens can be freely traded on PancakeSwap.

We have talked a lot with the KickPad team, and we agreed to join a special event for our launch. All we can say before tomorrow is; It will highly benefit KickPad stakers.

Community Focus

In essence, Orakuru aims to be a community-governed oracle. Orakuru currently has seven validators who already have experience running validators for other blockchains in the first stage. In our second stage, anyone will be able to join the network as a validator provided they stake X amount of $ORK tokens. An incentive system will ensure nodes always behave in the network’s best interest. As a result, we will inevitably shift our primary emphasis to the community in order to determine the most in-demand product extensions we can create. Initially, we will introduce a one-off service that will enable any dApp to query nearly any form of outcome.

The Necessity Of Oracles Such As Orakuru

Firstly, why are Oracles even needed in blockchains? Blockchains were purposely designed to be segregated from the outside world. However, most activities continue to take place outside of blockchains, necessitating the development of a bridge that does not jeopardize censorship resistance.

Smart contracts on permissionless blockchains such as Ethereum operate in an antagonistic setting. Protection is ensured by only propagating deterministic transactions, i.e., transactions that all nodes can validate. A smart contract is designed to accept input, execute logic, and irreversibly update the blockchain state. There is no going back in decentralized blockchains, making it all more important to have trustworthy oracles.

Nonetheless, allowing smart contracts to take inputs from outside the blockchain is a two-edged sword; it extends use cases exponentially by allowing connections with the outside world, but it also adds an aspect of trust. Since miners cannot check all external inputs, they will allow the execution of everything that meets the smart contract’s predefined requirements.

The key concept is to create a reliable marketplace for Oracles that links clients and nodes. Since success and credibility are made public, good conduct is praised, while poor behavior is penalized. Thus, as trust is the name of the game, some reward and punishment system is needed. As a result, the concept of nodes, staking, rewards, and slashing is crucial.

This is where Orakuru arrives. To broaden Binance Smart Chain’s capabilities, we intend to offer accurate & timely data, which will be pivotal as we take advantage of BSCs’ low 3-second block time.

Orakuru — Nodes, Staking and Rewards

Instead of relying on a single source of truth (a centralized oracle operator), which poses the problem of having a single point of failure, Orakuru employs a decentralized network of independent oracle nodes. Each process consumer smart contract requests and retrieves the requested data, which is then aggregated on-chain by the Orakuru aggregator smart contracts.

Orakuru oracle nodes are operators that run the Orakuru oracle program and are registered through the OrakuruCore smart contract, which allows operators to stake ORK tokens in the contract for a set number of epochs (with a minimum of 6 months).

Staking and Rewards

As is often the case with decentralized networks, the problems and opportunities associated with their immutability all stem from rewards. Orakuru employs a reputation system that assigns a reputation number to each node operator based on the number of tokens committed (staked) to the network. This is done to incentivize good behavior from Oracles within the network and their past success in serving customer on-chain requests.

Orakuru Architecture

Unique Request and Receive Data System & Slashing (penalization)

Innovating and offering options that are not ordinarily possible is also part of our vision. As a result, Orakuru has already developed a payment mechanism (in $ORK) to handle any random rest order.For instance, say someone wants to create a DeFi dApp that requires to know the diesel price, which is not available in any of our price feeds. They could then make a specific job request to our Oracle, requesting to answer the diesel price available at https://www.fueleconomy.gov/ws/rest/fuelprices. Our oracle nodes will then fetch this data and callback the contract that was requested with the result. This opens the door to any kind of data on-chain, just as long as we can extract the provided URL data.

This is done by validators iterating data throughout the day from sources in the real world. To incentivize and ensure that validators provide the correct data, they either be rewarded or slashed based on the accuracy of the information they contribute. Our feeds come from external nodes that are staking $ORK. If they are useful to the Orakuru, they get a reward. Or else, they’re punished. $ORK tokens will be given as a reward if the nodes provide accurate data on time. The penalty happens if the nodes don’t offer the right data to the oracle. The node provider will be slashed because he/she failed to provide accurate information. This is done to incentivize correct and precise data.

These validator nodes can accept certain types of jobs, and different customers can request those jobs.

Orakuru X Kickpad Public Sale Events

Details of our Public Events

We will conduct two rounds of public sales within 2 hours at launch, across $KPAD and non-$KPAD holders. The first stage of the sale is dedicated to the $KPAD stakers, with the final stage being open to both $KPAD holders and community contributors and engagers.

We’ve stated below the exacting details of each stage. We’ve set it out in the fairest and highest distribution possible, while also maximising the value for $KPAD holders and stakers.

The sales have been based directly on community feedback, and have been made as open and as fair as possible. The team has been hard at work strategising the best way to do it, and we think everyone, no matter the status, will be happy to see such an open public round, inclusive and geared towards maximising distribution.🔮

Public Round Key Information:

The public round will start on the 8th of April at 2:00 PM UTC
It will be fully conducted on http://thekickpad.com/
**Raise: **$100k public sale
**Round 1 for stakers (**70% of the tokens)

-Minimum stake required: 1000 KPAD and guaranteed allocation.

-Total allocation determined by your pool weight score (your tokens vs. everyone else’s tokens).

**Round 2 for whitelisters **(30% of the tokens).

-Split between $KPAD whitelist lottery, and whitelist + community event)

Timetable for the 8th of April:

(Keep in mind, the timetable is subject to a small change).

● 1:30 PM UTC: Telegram Muted.

● 2:00 PM UTC: The Public Round 1 of $70,000 $ORK tokens begins on https://thekickpad.com/

● 3:00 PM UTC: The Public round 2 (whitelist lottery + community event) of $30,000 $ORK tokens begins on https://thekickpad.com/

● ≈4:00 PM UTC: Orakuru tokens will be listed on PancakeSwap with liquidity added. Contract address to be shared on TG. We won’t have time to update it here so if you want to contribute, join https://t.me/Kick_Pad & https://t.me/orakuru and keep an eye out for the address.

Orakuru IDO Guide:

Go to https://thekickpad.com/ on April 8th at 2:00 PM
Connect your MetaMask wallet to the website.
(See Alternative Wallet Connecting section below for an alternative way to connect with your existing BSC address.)
Scroll down to the “Ongoing Pools” section. The KickPad whitelist sale will appear here.

Alternative Wallet Connection

If you created your BSC (BEP-20) wallet before learning that the Kickpad platform was forcing you to connect to MetaMask, and you don’t have your private key handy, here’s a workaround using Trust Wallet + Seed Phrase.

Download TrustWallet to your mobile device. https://trustwallet.com/
Set up a wallet (Multi-Coin or Smart Chain) by clicking “I already have a wallet”, selecting the wallet type, and then entering your Seed Phrase from your BSC wallet and clicking Import
Once complete, send yourself the intended amount of BNB. The swap pair will be ORK/BNB.
Go to the dApp Browser* in Trust Wallet, and head to https://thekickpad.com/
In the top left corner when you land on the website, make sure you click the ETH icon, and change it to Smart Chain. This will change the network you’re using.
Open the website menu and click Connect Wallet.
Scroll down to the “Ongoing Pools” section. The Orakuru whitelist sale will appear there.

*** Note for iOS Users:**

You may not see the “Browser” tab along the bottom of your Trust Wallet because it was removed in order to comply with Apple AppStore guidelines. To re-enable it, do the following:

Open Safari Browser and then type in the URL: trust://browser_enable, then tap on Go.
A prompt will appear that will ask if you want to open this page in “Trust”?, tap on Open.
The Trust Wallet app will launch and the DApp browser will be enabled.

Full Process & Info

Public round 1 for stakers (70% of the tokens) begins. Minimum stake required: 1000 KPAD. This will ensure a guaranteed allocation.
Public round 2: Whitelist event for the $30,000 worth of $ORK tokens begins.
The $ORK token is then listed on Pancakeswap and liquidity is added.

● Public round 1 and 2 will be conducted on the KickPad platform.
● When Public round 2 is finished, tokens can be bought at PancakeSwap.
● Time of Public Rounds: 8th of April, 2 PM UTC and 3 PM UTC.
● Initial Market Cap: $520k
● Max Supply: 45,475,762
● Initial Circulating Supply: 2,972,429
● Token price: 0.175$
● Total Raise: 100k$
● No vesting period for Public round 1 and 2, 100% released at listing
● 200 whitelist participants
● $150 in BNB per wallet for whitelisted participants
● Public Round 1 — the amount of BNB per wallet depends on your ‘pool weight score’ (your percentage of $KPAD tokens staked compared to others).

Overview of ALL Orakuru Sales:

This is a quick overview of all sales that has been and will be conducted.

1. Private B — April 4th, 3:00 PM UTC

Bonus round provided by Orakuru, already finished.
$125k in total.
Fcfs for 1k, 5k, and 10k KPAD stakers.
The winners of the round will get airdropped the initial unlock(8.5%) and vested tokens at launch (18.33% a month if they continue to stake).
If you unstake, you will lose your monthly unlock proportionately to the % of your distribution
However, any tokens not given to the allocated stakers will be distributed to the **remaining stakers **that participated in the round.

2. Public Round Raise — April 8th, 2:00–4:00 PM UTC

$100k in total.
At 2:00 PM UTC - Public Round 1 for $KPAD stakers with at least 1000 $KPAD, you will have guaranteed allocation in our $70000 public sale on KickPad.
At 3:00 PM UTC - Public Round 2 for whitelist winners (30% of tokens)
200 whitelist spots of $150 in $ORK for all whitelisted winners.
There are 240 total places, this is done on a first come first serve basis.
Public Round 2 is split into whitelist lottery, Gleam- and community event
Gleam event is active: https://gleam.io/TOaAj/the-first-kickpad-ido-orakuru

3. PancakeSwap listing

Liquidity is added and Orakuru is listed.

How and Where to Buy Orakuru (ORK)?

ORK is now live on the Binance mainnet. The token address for ORK is 0xCed0CE92F4bdC3c2201E255FAF12f05cf8206dA8. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy ORK token

Contract: 0xCed0CE92F4bdC3c2201E255FAF12f05cf8206dA8

Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ORK gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

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Find more information ORK

☞ Website ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

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I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #ork #orakuru

What is Orakuru (ORK) | What is Orakuru token | What is ORK token