We are pleased to announce our next AMA on April 6th 2021 at 01:00 PM UTC Time: Satoshi Club x Orakuru
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Orakuru Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Orakuru Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Orakuru
For more details:
Orakuru Website – orakuru.io
Orakuru Telegram – @orakuru
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How many tokens are there in total ?
Thanks
How many tokens are there in total ?
Thanks
Orakuru Network is another project where everything revolves around data, it is like the new fuel in DeFi, in my opinion there are three aspects that Market Data Feeds and Networks must have: security, accuracy and speed of outcome, what are the strong points of Orakuru Network?
Your Market Data Feeds aims to have a real world usage in DEXs, prediction markets, insurance, lending and more, can you tell us the advantages of incoporating your features in external dApps compared to projects similar to yours?
The options trading markets are the ones with the most adrenaline associated, it is very risky without a management, but Orakuru apart of Options can show its skills with other trading market types? Like futures?
Reading your website I realized that if an user hold OCTION, this user will get access to premium paid options Contract, but I really don’t understand, so what is the difference between a normal option contract and your premium paid option contract?
Orakuru was created using the Binance Smart Chain, but I just realized that you have and association with Huobi Global, so are you planning to Integrate HECO CHAIN? what is objective of your association with Huobi Global?
Right now you have a huge challenge in the construction of a trading platform capable of overcoming barriers and also have adequate stability for the adoption example (HECO) (ETH) (Odd Finance) (BSC) there is too much competition now although the king Defi current is Uniswap soon in his version V3 that you are planning to be one of the best platforms with a TVL in the top Ranking of Trading and Token trade chain Binance Smarchain what is your goal and at that time you think that you can achieve and not only that you stay in the market?
Most of the platforms before going on the market right now have a process called tesnet to test the platform and discover bugs vulnerabilities bug etc, you plan to do some competition or collective participation that allows you to test your platform or it will simply be audited and launched on the air?
How orakuru protocol Can garantee a Real Time Data and avoid latency?
IS orakaru protocol the most safe one to garantee Real Time Data
?
Recently, many Oracle projects are borning for BSC, like PopLink and BRY protocol, just to quote a couple. The Oracles are essential for the correct functionality of the smart contracts. Could you please explain us what makes ORAKURU different from other Oracle projects and what are the main killer features?Thanks
The Orakuru staking and rewards program is done to incentivize good behavior from Oracles within the network and their past success in serving customer on-chain request. This is achieved by the use of a reputation system that assigns a reputation number to each node operator based on the number of tokens staked to the network. If these rewards were meant to promote and encourage good and trustworthy performances from the various node operators, why are the rewards distributed solely on the number of tokens staked to the network and not on performance as advocated?
Orakuru is community driven and community governed and at such the successes and challenges encountered along the entire project journey has a direct correlation on community decisions and actions. It is at the core of this same community governance approach that Orakuru allows anyone to become a validator on the network provided they stake a certain amount of $ORK tokens. Don’t you rather think this criteria for selecting validators can have a negative impact on the integrity of data provided and security around the network?
I read that you said that upon launch, Orakuru will launch it’s metacommunity, which will govern and operate the Orakuru, and this will create a much faster pace of innovation and feature output. Can you tell us more about this metacommunity, what it is and what makes it different from “normal” communities from others projects? How will they be able to govern and operate Orakuru? And how can someone join this metacommunity? Also, how will they create faster pace of innovation and feature output?
While reading your whitepaper I saw that you stated that Orakuru’s architecture for processing job requests is based on a Request-Event-Response model. Can you tell us more about this? On what will this architecture depend to work properly? Also, why did you decide to make Orakuru’s processing job requests based on this model? What are the advantages of having an architecture based on this model instead of any other model that could give similar results?
I read on your whitepaper that Orakuru employs a reputation system which is used to assign a reputation number to each node operator, can you tell us more about this and what is it for? On what will you be based to give reputation numbers to node operators and what is the relevance of this system within the Orakuru’s proper functionability? How will this reputation system affect the Orakuru platform and it’s users for the better or the worst?
How do the external nodes of Orakuru work to collect data, since this is operated by the community? In which sensitive steps of data collecting is the community involved and how is the accuraccy ensured by them?
How precise is the time accuracy of Orakuru as an oracle? Considering that prices of digital cryptocurrencies change in seconds, does it have margin of error?
Before the founding of Orakuru, the team had quickly established that community-ruled oracles were lacking. Particularly on Binance Smart Chain. Orakuru aims to fill that void. But let’s explain how? With what tools? What is your working mechanism based on?
The key concept is to create a trusted market for oracles that links clients and nodes. First, we will have seven nodes to provide services without trust, we intend to make this an inclusive process for our community. Can you detail a little what these seven nodes consist of and what is the function of each one?
Orakuru oracle nodes are operators running Orakuru oracle software, registered through the OrakuruCore smart contract, why are oracles needed in blockchains? Specifically what is the data that Orakuru sends for the market consumption?
What role do external nodes play for the Orakuru ecosystem? Are they essential for the continuous and smooth running of your project?
Orakuru’s team has been working hard to create an oracle set that aims to be popular on BSC ecosystem, but there’s something that intrigues me and is the decision about remaining anonymous, how are you going to become the most recognized BSC’s native oracle with an anonymous team ? How should we be sure about the authenticity of the team?
You’ve choosed KickPad for your IDO launchpad, a well-known “rugproof” platform and I could see on your official channels that will be two rounds, for $ KPDAD holders and non- $ KPAD holders, can you tell us how will be the scenarios for these two groups? What will be the benefits for $ KPDAD holders over the other ones and how will this contribute to the growth of KickPad?
What are the benefits your project expects to gain from being the ambassador for the first initial DEX offering on the KickPad platform? And how did they get this DeFi platform to choose them over other projects in the crypto space?
Why did you choose to build your project on the Binance Smart Chain Blockchain? Do you plan to expand further and provide better and greater opportunities to your users by migrating to other Blockchains of the crypto space in the near future?
Orakuru is a decentralized Oracle network built with the goal of connecting smart contracts on-chain to real-world data off-chain. How do Oracle nodes work? Is string processing done centrally or decentrally? Going back to smart contracts is it done in a verifiable and trustless way?
At the core of the Orakuru design is the OrakuruCore smart contract implemented in BSC, which is responsible for the various tasks. What process is fulfilled when a consumer smart contract wants to request off-chain data?
The information is published and transmitted as an EVM event by OrakuruCore. smart contract, which is then intercepted by Orakuru oracle node operators who are eligible to process the request. What model is the Orakuru architecture based on for processing work requests?
Each node processes the consumer smart contract requests and retrieves the requested data, which is then added in chain by the smart contracts of the Orakuru aggregator. Do you accept and log consumer job requests for off-chain data analytics?
I understand that the Orakuru (ora-ku-ru) is the Oracle owned and operated by the Binance Smart Chain community but I have been reviewing their website a bit more thoroughly and they talk a lot about well-ported nodes and nodes punished, could you explain this to me, which is very curious to me? Where is this ? What is it?
I understand that they retransmit the job application information.
Is the information relayed only made to the client or is there some other backup shipwrecked there?
The events published in Orakuro can be seen by any user
What benefits does Orakuru have?
And what can I do with them?
What is the Orakuro architecture for processing job requests?
You are the first IDO project of a Launpach that recently also launched its ido, because you decide to be pioneers with KickPad some hunch or something special they found in them that do not have other types of cloaks, which we expect from Orakuru with this Whitelist that also includes an additional lottery to that after the official launch what aspirations and updates top bienen and are projected with you in the coming months ?
It’s on your whitepaper that Orakuru’s architecture is based on a Request-Event-Response model which are intercepted by oracle node operators to process the request, how fast and efficient will be this process at the beginning? Considering the BSC’s low 3-second block time, how will the oracle system equate to the Binance Smart Chain capabilities?
On my research could notice that Orakuru’s main mission is to fill the void of a community-governed oracles that can be specific for the BSC, as pioneers it’s undeniable that many challenges will be on float, like competition, it will definitely come one day. What’s the plan of Orakuru to grow and become stronger over your competitors as the ecosystem growths?
We believe Orakuru has incredible backers with the best teams on board. That is important asset for Orakuru. However, community engagement also significant for broaden marketing. Regarding on this, does Orakuru open for community proposal on development? If yes, what kind of program?
You mentioned that Orakuru has some of the best teams and strategic advisors in the world. Where can we have the information on the teams and advisors? Is it available on web? Social media?
In your discord channel i saw your recent partnership with the kickpad community for the second round of the private sale, you gave some membership awards to people that participate in the presale with some high amount of BNB (eg if you send 1.49 bnb you will be given the Gold plague, if you send 0.745 bnb you will be give the silver plague and lastly when you send 0.149 bnb you will be given the bronze plague) i will like to know the advantages of receiving this plague and why it is being given.
In the past years we have a lot of blockchain oracles but Orakuru only provide price feeds for only coins under the Binance smart chain, do you have plans in years to come a blockchain oracle and getting more coins price listing or what are your reasons for providing services for the Binance smart chain alone
I read in your medium account about the process of being a validator in orakuru, which requires staking a X amount of ORK tokens but it is not yet been listed. Is there other processes of being a validator apart from the other process above.
When do you also plan to list the token?
Blockchain is supposed to be decentralized because basically to me I don’t think we need anyone interfering between my blockchain nodes and myself, I will like to know the reason why i need orakuru?
You had 3 whitelist events with the first 2 in collaboration with some setup like kickpad and gleam.io and the last one will be the only handpicked by you. Kickpad is a new setup and trusting them means trusting you also, how do you want to explain this because your users acquiring the kickpad token means you are telling them they can trust them also because your users rely on you. I will like to know the reason why you are having upto 3 different round of whitelist events also?
have always thought that the functions of oracles are predefined and cannot be changed – collecting and delivering information. And so I am surprised by the words about the form of DAO governance. Can the community make changes to the endless stream of information which an oracle is? Probably not.Then what purpose do you pursue in trusting the management of the community?
Tell us how the oracle works and how wide a range of information it can cover? What have you created – is it just a transfer of numbers between exchanges and defi projects, or something more that can take root in the real world?
When trying to stake the kickpad token for the enlisting of your private whitelist, can you give us the process of staking and the APY when we stake, with the platform where we can stake. Are there also any penalties for unstaking the kickpad token.
When trying to stake the kickpad token for the enlisting of your private whitelist, can you give us the process of staking and the APY when we stake, with the platform where we can stake. Are there also any penalties for unstaking the kickpad token.
Orakuru main goal is to provide real time data feeds from the offchain to the onchain. Just like a bridge? You talked about nodes sourcing data from the real world and feeding the system. Now my question is how do you determine if data provided by all nodes are not comprised? (From cyber attacks, false information spreading around, e.t.c). Is there a mechanism for auditing the data? How do you select the best data from the nodes?
You said your oracle is starting with 7 nodes, and that Orakuru’s architecture for processing job requests is based on a
Request-Event-Response. In the event of extremely high requests (which would surely happen), can the 7 nodes provide the volume of data needed on time and accurately? Can they respond on time? Do you have any plans on increasing the number of nodes? Both external and internal nodes? Any partnership plan and with who?
Your Initial Dex Offering (IDO) both the private A and B took place on a new platform KICKPAD(first IDO for them). Your public sale scheduled to the 8th of this month would take place on kickpad also. Are you fully taking all IDOs only on KICKPAD? For the public sale, you either have to stake or hold $KPAD for better chance, in any way are you connected to KICKPAD?
You said $ORK would used as the digital asset token to pay for services on the Orakuru network and Reward node operators for serving job requests to client, pending the time till listing on exchanges, how can we get the $ORK for paying? And how will the node operators get their reward?
You announced the commencement of private round B sales and it filled up in hours. When will you announce the next round? When is it? There were also issues during the round B like not getting in after burning a gas fee of almost 0.1BNB after repeated trial and staking high. How can this try and fail be reduced in your next round? can you tell us the criteria for getting in?
On your twitter page, you made it very clear that we should not unstake our $KPAD for people like me that got in in the private round B, for how long will i have to stake? Information like that is necessary. And how much return am i getting? Is there are any other penalties other than losing my vesting?
You say, “Our feeds come from external nodes that are staking $ ORK.
If they are good to the Orakuru, they get a reward.
Or else, they’re punished”. So, for what actions the node can be rewarded, and for which ones punished? And in what equivalent is it expressed?
Naming a Cryptocurreny Project has never been faster or easier, it’s always very difficult to determine exactly where to start. So for you what’s the first step in creating a cool, creative & catchy brand name? Also I’m curious, why did you chose #URAKURU as your Project’s name, what does it mean and where does the inspiration came from?
You run 3 different whitelisting events for all members of the Orakuru and Kickpad community. What does Kickpad have to do with these three rounds? In what time frame and according to what rules will the events take place, how many participants were admitted and what was the main condition they had to fulfill?
Lately, so many projects launching in Binance Smart Chain to escape high gas fees and Ethereum congestion. So aside from these, for you what other reasons why did you chose BSC and what do you think the benefits & advantages you will get from it? Also is there any plan of migrating to other blockchains like Polkadot & Heco Chain?
How safe is Orakuru and have you done your security audit so far? If so, who did it & can you share here your audit report? Also can you share here too the team behind ORAKURU and what are their background & expertise? Are you guys anonymous? Thank you
The Orakuru is Binance Smart Chain’s community owned and operated by Oracle. Having started to study your project, I realized that I do not know anything about oracles at all and I do not understand what they are. Could you tell us in more detail what you offer your users, what technologies, how is it all related to oracles and how it works?
Currently the most popular Oracle is Chainlink. Do you consider this project a competition? How do you plan to position yourself in a market that already has many oracle projects?
Since community-governed oracles were lacking mostly on Binance Smart Chain. What is your strategy to solve this problem? How do you plan to full that gap?
Many thanks for giving the opportunity to participate in whitelist via the gleam.io contest to people who do not hold launchpad tokens! True community spirit!
Currently Orakuru has about 550,000 entries in the gleam.io form. How many do you estimate are unique real people and will the chances of getting the allocation be higher than winning a national lottery? 😉
How does Orakuru work? How to convert real world information into market predictions, insurance, lending?
How does Orakuru plan to fight/prevent oracle attacks when bad actors are trying to feed oracle false data in order to manipulate the prices? I know that oracle data consumers sometimes opt to use several oracles in parallel to prevent such manipulation. I wonder if you have some ideas how to mitigate this risk as a single oracle. Thank you!
I know Orakuru plans to partner with 7 key validators. Could you tell us who are they and what acceptance criteria do you set for the validators?
Is it possible for people from the community to apply and run a validator node for Orakuru? Thank you!
How will the Community votes for the creation of additional price feed? How will this benefit the economic part of Orakuru in the long term?
At your roadmap it says you plan to Partnership with 7 key Orakuru validators. Can you give us details about these validators? is there any project you have on sight?
Orakuru’s architecture for processing job requests is based on a Request-Event-Response model which is also dependent on how many ORK tokens they have at stake on their reputation. How can users based their reputation with this model. What is the average ORK token required allowed for staking?
We all have seen the price oracles for Ethereum defi projects. According to your whitepaper Ethereum block time is 30 seconds and BSC block time is 3 seconds. While price oracles are the keys for defi applications to work correctly the speed is crucial for an oracle. As bsc block time is really lower than ethereum the speed is really important factor here. How can Orakuru deal with 3 seconds block time on BSC network and provide real time, fastest price off-chain oracles to the BSC projects?
According to your website,
If they are good to the Orakuru, they get a reward.
Or else, they’re punished. Can you tell us more about this condition in your platform? What is the consequences for not being good in your platform? Is this condition is meant for Community or to users ? Thank you
Orakuru pipes out accurate and timely data feeds ready for consumption. So,how would this data be accurate? What is the basis and sources of Orakuru? How this data be able to transmit to Orakuru users and clients? What is the use of this data to your platform and to clients? Thank you
The Orakuro Q1 roadmap indicates that you will search for partnership with 7 key Orakuru validators. Have you secured any partnerships and already filled the 7 validator spot? Can you give us updates about the validators?
You have 30 Node Validtors. Will you be expanding the number of node validators? If so, how can I become such a validator? How much does a node cost? How much profit can I make?
As the consumers have to pay with ORK tokens for getting services on the Orakuru network, they have to hold ORK tokens. And I see on your whitepaper, not only holding is enough but they have stake ORK tokens in the contract for a fixed number of epochs with a minimum of 6 months. So what is the minimum amount of tokens they have to stake and after they agree to stake for 6 months, when can they start using Orakuru?
Oracle is a “gateway” between the Blockchain and the real world. When relying on Oracle Service Providers to deliver the correct information, both the single point of failure and the necessity to trust in the correct
behavior are reintroduced to the Blockchain network: In order to manipulate the outcome of a certain smart contract (let’s say a betting contract) the Oracle could be attacked by a third party or its provider could deliberately provide false data to make a profit from the incorrect execution of the contract that results from the false data.
How orakuru’s team try to solve issue like this?
An oracle is a way for a blockchain or smart contract to interact with external data. i think Good Oracle should be have important factor like Decentralization, safety, speed, and accuracy.So how is Orakuru’s Oracle ? does your oracle have all of them ? and what makes Orakuru different than other oracle?
Orakuru has already developed a payment mechanism in $ORK for the platform’s validators. Can you explain how will be the reward and punishmenent for validators? How much $ORK are reserved for validators?
What is the story behind the Orakuru name? Is this some kind of lucky charm or its because of the meaning of the word that represent your project’s vision?
Orakuru is an Oracle project, as i know you also create $ORK token but can you explain why an oracle need a token? what are the connection your token with oracle ? did you also use $ORK to get revenue for maintain the project?
The role of the oracle it has taking more and more popularity and many of these new projects are starting to create their own Oracles instead use Chainlink, so Considering that Orakuru is aiming in the same way, can you tell us why Orakuru is better that other Oracles? of the current market? Will it be compatible with more chains than BSC?
On your whitepaper Page 8, Orakuru node seeming to be a centralized architecture where the other oracle nodes are connecting to Orakuru Core node and that core node is giving the information to the smart contract? Is this really how it work? If that’s the idea, isn’t it looking like a centralized approach?