OORT: In this article, we cover a detailed review of OORT. How does OORT Crypto work & Are important features?
OORT stands as an industry-leading decentralized cloud solution, designed to foster both privacy and cost-efficiency. By seamlessly integrating global compute and storage resources, it offers a strong platform for AI-powered solutions which aim to revolutionize and optimize various aspects of business operations.
By taking advantage of decentralized infrastructure, the ensures enhanced privacy measures while simultaneously cutting operational costs significantly; its pioneering design empowers businesses while creating a safer digital landscape.
OORT Point Table
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Privacy First, Cost Conscious
This is a decentralized cloud for privacy and cost savings. By integrating global compute and storage resources, we provide AI solutions to enhance business operations.
A generative AI agent builder platform, allowing businesses to incorporate factually accurate, versatile, and secure AI into their operations in minutes.
A decentralized object storage service offering secure data storage and retrieval anytime, anywhere.
A decentralized computing service launching in 2024, aimed at low-cost and easy-access data analytics and processing.
The aims to create a world where people fully own and control their data, and use natural language as the gateway for effortless data interaction.
As the first mover in the intelligent decentralized data cloud domain, technologies are backed by US patents and academic publications. It has built strong partnerships/Clients with 40+ projects/companies, such as DELL Technologies, Tencent Cloud and Emurgo, as well as with 20+ elite universities in the U.S., such as Harvard, MIT, and the University of Chicago.
The mechanics of how the token works in the ecosystem. OORT utilizes the utility token native to the ecosystem. The utility token is used for service payment, staking, governance. The token allocation is shown below.
Node providers, traditionally named as “miners”, refer to the computing device owners who contribute their computing and storage resources to the Network.
Token holders refer to people who process utility tokens.
Developers refer to people who develop smart contracts and decentralized applications (dApps) in the ecosystem and those that test open-sourced codes on Github for the betterment of OORT.
Users can always pay fiat currency (via credit card) for different services in the ecosystem. However, a discount is usually given to the users who use utility tokens for service payments.
This offers two ways for token holders to stake tokens: Stake tokens with staking pools. One can delegate tokens to node providers via bonding pools. Node providers will use staked tokens as mining collateral. As a result, you will receive a share of mining rewards from the provider. Become a node provider. Stake tokens as mining collateral.
Governance is one of the primary functions of the ecosystem. Users submit proposals and vote on topics like network parameters, slashing mechanisms, and service fees.
A proposal must be submitted with a certain amount of deposit, which is fully refundable once the proposal passes. If the proposal fails to pass, deposits will be distributed to the mining rewards pool for node providers.
The Foundation will use up to 30% profit to regularly buy back and burn its utility tokens to reduce the total token supply and thus gradually and continuously increase token value.
- Token burning frequency: every three month
- Token burning cap: 40% of the total token supply
Save up to 80% by utilizing optimized decentralized infrastructure resources around the globe.
- Breakthrough price performance with our global network integrating idle resources.
- Flexible and scalable data services tailored to your specific needs.
The AI, powered by a large language model (LLM), enables you to effortlessly build customized AI agents for your business. It’s streamlined, secure, and uniquely tailored to meet your specific needs
- Tailor AI agents to your unique database for precise business alignment.
- Upload visuals to the knowledge base, allowing the LLM-driven agents to deliver an engaging and accurate experience for end-users.
Reliability, Security, Immutability
Enjoy hyperscaler-like SLA with unparalleled privacy and reliability.
- The distributed infrastructure guarantees privacy.
- OORT’s patented PoH algorithm and advanced coding ensure reliability in a trustless, geo-distributed environment
Ready, Set, Build!
Join the ecosystem and help shape the future of the data infrastructure landscape.
- Become a node on network
- Build Web3-native tools and services for others to use
- Provide on-chain and off-chain valuable data to the platform
Conclusion OORT represents a breakthrough advancement in cloud technology, offering a decentralized solution that prioritizes privacy and cost savings. By connecting global compute and storage resources to deliver AI solutions tailored to enhance various facets of business operations.
By adopting decentralized infrastructure not only delivers higher data security but also generates significant efficiencies resulting in tangible cost savings for businesses. With its groundbreaking approach stands as a beacon of transformation on the digital landscape enabling enterprises to prosper despite an ever-evolving environment.