MARKET TALK — Orochi Network (ON)

ON is the world’s first Layer 1 infrastructure and Verifiable Data Infrastructure (VDI), specifically designed to secure, verify, and preserve off-chain data privacy so it can be used by smart contracts in the Web3 ecosystem.

Backed by total funding reaching US $20 million (including from the Ethereum Foundation), the project focuses on solving the issues of costly data and privacy in the integration of Real-World Assets (RWA), stablecoins, as well as decentralized finance (DeFi).

••••Main Functions: Turn raw data into verified data using advanced cryptography technologies such as Zero-Knowledge Proofs (ZKP) and Fully Homomorphic Encryption (FHE).

••••Featured Products

•zkDatabase: A database that enables data verification without having to expose the contents of sensitive data to the public (crucial for legal/regulatory compliance for institutions).

•Orocle & Orand: Provide decentralized oracle services and verifiable randomness in more than 49 blockchains

Cost Efficiency: Claims to cut Ethereum data storage costs from ~US $25 to just ~US $0.002 per KB (reduction up to 12,500x).

••••Tokenomics (ON):
•Maximum Supply: 1 billion ON.
•Circulating Supply: ~144 million ON (about 14.4%).
•Token Utility: Used for computation/storage fees on the network, staking, and governance.

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