Enhancing DeFi Liquidity and Cross-Chain Integration for $OORT
NEW YORK CITY, NY / ACCESSWIRE / July 16, 2024 / OORT is excited to announce the listing of the $OORT token on PancakeSwap, coupled with the introduction of the OORT BSC bridge. This bridge allows seamless cross-chain transfers between OORT's native layer-one blockchain and the Binance Smart Chain (BSC), enhancing the flexibility and accessibility of $OORT. The listing took place on July 16th.
"We are thrilled to announce our listing on PancakeSwap and the launch of the BSC bridge, which allows our community to easily exchange $OORT cross-chain. This listing is set to improve the trading experience for our users," said Mike Robinson, Chairman of the OORT Foundation.
PancakeSwap represents the first step in integrating OORT into DeFi liquidity pools, with plans to expand $OORT's utility across more DeFi platforms in the future.
The listing will not alter the circulating supply of $OORT, as all tokens allocated to PancakeSwap are already in circulation.
Cross-Chain Exchange with OORT BSC Bridge
OORT will provide an intuitive bridge, allowing users to effortlessly convert their native $OORT tokens to BEP-20 tokens. This feature will be accessible via the OORT Foundation website. This implementation of cross-chain bridge technology paves the way for introducing stablecoins and other assets into the Olympus Protocol ecosystem in the future.
With the user-friendly interface, token exchanges will be seamless, enabling immediate use on PancakeSwap.
Enhanced Transparency and Ecosystem Development
In response to community requests for greater transparency, the licensing fee for Deimos, OORT's edge device, initially set at $60 per annual renewal, will soon be payable using $OORT. These tokens will be sent to a burner address, ensuring transparency as $OORT tokens are removed from circulation. This process is solely for the renewal licensing fee for Deimos and will foster a healthier ecosystem for OORT miners.
For more details and updates, visit OORT's website and follow our official channels.
What is OORT?
OORT is a decentralized, verifiable cloud computing platform dedicated to enabling trustworthy AI applications. Utilizing global resources from data centers to smartphones, OORT offers a suite of services, including data collection and labeling, data storage, and model training.
Founded in May 2021, OORT's mission is to democratize AI development, ensuring it happens equitably and efficiently through a decentralized network. Our proprietary blockchain-based verification layer guarantees transparency and security, making AI development open and collaborative.
OORT's key products include:
OORT Datahub: Facilitates AI projects by collecting and labeling data from the global OORT community, using blockchain technology to maintain a clear and permanent record of every action.
OORT Storage: Provides decentralized storage by combining global servers like Seagate and Tencent Cloud with our edge device Deimos, offering cost-effective solutions akin to Amazon AWS S3 but at 60% less cost.
OORT Compute: Integrates geo-distributed GPUs, making them cost-effective for AI model training and inference, launching in 2024.
OORT's decentralized infrastructure is built on geo-distributed physical nodes and the OORT mainnet (Olympus Protocol), ensuring secure and reliable operation. By involving the community in every stage, from data collection to model training, OORT promotes collaboration and transparency, striving to build a future where AI development is inclusive and trusted.
As of June 2024, OORT has served over 10,000 enterprise and individual customers, including DELL, Lenovo Image, and BNB Smart Chain.
Media Contact
Milo Wang
milo@oortech.com
347-254-0119
SOURCE: OORT Foundation
View the original press release on accesswire.com
