Oracles publish data about the real world to blockchain smart contracts.
Orcfax will launch with free price feeds on Cardano Mainnet in Q2 2023.
Orcfax implements the open-source Cardano Open Oracle Protocol (COOP) and provides Cardano developers with well-structured tools and schemas to consume trustworthy off-chain data in their smart contracts.
Orcfax is a next-generation oracle platform that completely decentralizes data collection and validation in a permissionless manner while providing full audit logs for the flow of data through the platform.
The resulting "fact statements" and their metadata are stored in a permanent, standards-compliant archival repository built on the Arweave decentralized storage network
Check out our docs for a deeper dive into these topics. Or hop onto our socials to join our mission to decentralize trustworthy facts.
The Orcfax platform includes a Cardano-native utility token that facilitates payments for first-user access to premium feeds. The same token is also used for staking and rewards by data collectors and validators in our decentralized oracle pools.
The $FACT token will be exchangeable on the open market. The first way to access $FACT was to participate in our highly successfuly FAX ISPO (Initial Stake Pool Offering) which ended with Cardano epoch 413.
The second way will be to participate in $FACT liquidity pools which will be made available on Cardano DEXes in Q3 2023.