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Orcfax

Decentralized oracle feeds for Cardano smart contracts

Orcfax v1 is live on Mainnet!

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About Orcfax

Orcfax is an oracle service for the Cardano blockchain that publishes data about real-world events into Cardano transaction datum.

These are made available as on-chain data inputs to smart contracts, scripts, and dApps that are running on the Cardano blockchain.

Orcfax data is made available in Cardano's native eUTXO format using our Oracle Protocol.

A Better Way to Deliver Oracle Data

Orcfax collects real-world data from multiple sources for each data point and uses a distributed network of validator nodes to deliver truly decentralized oracle feeds.

Orcfax provides full audit logs of its data collection and validation process for each datum on a permisionless, decentralized storage network. This allows users to "trust but verify" the Fact Statements published by Orcfax.

Orcfax is finely-tuned to deliver authentic and accurate oracle data. This is a critical requirement to fulfill the mostly unmet promise of DeFi. There are also many other business models and industries that remain poised to leverage distributed trust technology.

Join us on our mission to revolutionize oracle feeds!

Features

  • Triangulated Data

    All feed data collected from multiple primary sources

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  • Fully Auditable

    Permanent audit trails (in human readable format) for all data feed activity

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  • Stake-Based Validation

    Decentralized oracle pools of independent validator nodes verify the accuracy and authenticity of source data, driven by stake-based reward incentives

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  • Archived Forever

    All data stored on decentralized, sustainable storage using a standards-compliant archival packaging format for permanent access and re-use

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  • Cardano-Native eUTXO Design

    Orcfax created and implements the Oracle Protocol, which has been designed to support and enhance eUTXO datum publication. Key objectives of the protocol are to leverage the eUTXO design and to streamline the datum to reduce on-chain fees.

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$FACT Token

The Orcfax Cardano-native utility token 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 our docs.

The $FACT token was made available on the open market via the Wingriders Launchpad.

Policy ID:

a3931691...2a6c1e51

Team

Meet our founder, Peter Van Garderen - a long-time and passionate advocate for decentralization and its promise to create a more equitable world.

Peter is a digital archivist and open-source software developer. He is channelling his significant career-expertise to transform the oracle landscape.

The ever-growing team at Orcfax also consists of in-house software development, business development, and community management teams.

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Connect With Us!

Email us at info@orcfax.io

Business and Collaborations

If your project is interested in learning more about our services or integrating with us, please contact us via email or Discord.