Hey meme token enthusiasts and blockchain folks! Let's dive into the world of the ORA token on the BNB Chain. When you start looking into "ORA" on BNB, things can get a little confusing because it seems there might be more than one token using that symbol. The main focus here is the ORA token associated with the Ora Protocol, especially in relation to the specific contract address 0x87b756a58a29b9d320c9987e88b4410c9c01633c.

It's important to note upfront that while the symbol "ORA" is widely recognized for the Ora Protocol (a cool project bridging AI and blockchain), the provided address (0x87b756a58a29b9d320c9987e88b4410c9c01633c) isn't the most commonly cited address for the main Ora Protocol token. The one you often see on places like CoinGecko has a different address (0x33333333fede34409fb7f67c6585047e1f653333 on Ethereum, which can sometimes be confused or associated with BNB Chain versions). However, the address 0x87b756a58a29b9d320c9987e88b4410c9c01633c is listed on platforms like BscScan under the name "Ora Protocol". This suggests it's likely an implementation of the Ora Protocol token on BNB Chain, potentially with low liquidity or a more niche use case compared to other versions.

Let's break down what we know about the ORA token, particularly focusing on the context of the Ora Protocol and the details available for the 0x87b756a58a29b9d320c9987e88b4410c9c01633c address.

The Ora Protocol and Its ORA Token

The Ora Protocol is building fascinating tech at the intersection of AI and blockchain. Their goal is to bring AI capabilities on-chain in a way that's trustworthy and verifiable. They use something called Optimistic Machine Learning (opML) to make AI inference, fine-tuning, and training verifiable directly on the blockchain.

The native utility token for this ecosystem is ORA. Its main functions include:

• Access to IMO: Getting in on Initial Model Offerings (IMO), which tokenize AI models to encourage open-source development.
• Node Operator Staking: Letting folks run decentralized nodes that support Ora's services like the Onchain AI Oracle (OAO) and Resilient Model Services (RMS). Node operators can earn fees for their work.
• Governance: Giving token holders a say in how the protocol evolves through decentralized voting.

While the most commonly tracked ORA token (associated with the Ora Protocol ecosystem) on platforms like CoinGecko had a market cap of around $20 million and a 24-hour trading volume of about $39k as of late November 2024, this data is for a broader representation of ORA, potentially including its presence on other chains or under different addresses. The specific ORA token at 0x87b756a58a29b9d320c9987e88b4410c9c01633c on BNB Chain tells a slightly different story.

The ORA Token at Address 0x87b756a58a29b9d320c9987e88b4410c9c01633c

Now, let's focus on the ORA token linked to the address 0x87b756a58a29b9d320c9987e88b4410c9c01633c on the BNB Chain.

Based on data from BscScan:

• Token Symbol: ORA
• Contract Address: 0x87b756a58a29b9d320c9987e88b4410c9c01633c
• Network: BNB Chain
• Token Standard: This is a BEP-20 token, which is the standard for tokens on BNB Chain, much like ERC-20 on Ethereum.
• Total Supply: 100,000,000 ORA tokens.
• Number of Holders: As of a recent check, there were 217 holders according to BscScan.
• Price: BscScan reports a price of $0.00, which usually means very low or no liquidity and trading activity on this specific contract.

This specific ORA token on BNB Chain (0x87b756a58a29b9d320c9987e88b4410c9c01633c) has limited readily available information compared to the broader Ora Protocol token. It might be a newer deployment, have minimal liquidity, or be associated with a less public-facing aspect of the protocol on this chain.

Despite the low activity shown on BscScan for this exact address, the ORA token is actively traded on decentralized exchanges (DEXs) on the BNB Chain, particularly PancakeSwap. You can find trading pairs like ORA/WBNB and ORA/USDT on platforms like ApeSpace and DEX Screener. Real-time price charts and trading history can be viewed on these platforms and also on charting tools like TradingView.

It's worth noting that the markets for newer or lower-cap tokens like this ORA can be quite volatile, as pointed out by platforms like PancakeSwap.

Ora Protocol's Broader Vision and Ecosystem

Even if the activity at 0x87b756a58a29b9d320c9987e88b4410c9c01633c is low, understanding the Ora Protocol's vision helps understand the potential role of its ORA token on BNB Chain.

Ora Protocol aims to enable a wide range of AI-powered decentralized applications (dApps). Its core ideas revolve around:

• Onchain AI Oracle (OAO): Allowing smart contracts on any blockchain to access verifiable AI inferences. Imagine a DeFi protocol using AI for risk assessment or an NFT platform using AI for generation and verification.
• Optimistic Machine Learning (opML): The technical backbone making AI verifiable on-chain, building trust in AI results used in smart contracts.
• Initial Model Offering (IMO): A way to tokenize AI models, fostering an open-source AI ecosystem.

This integration of AI and blockchain opens up use cases such as:

• Creating smart contracts that use AI APIs for things like price feeds or predictive analytics.
• Building a decentralized AI marketplace, which Ora already hosts with over 100 AI APIs.
• Using AI for NFT generation and protecting digital art copyrights.
• Developing AI-enhanced DeFi tools, like yield aggregators or decentralized exchanges such as OraiDEX.

Ora Protocol isn't just on BNB Chain; it's designed to be chain-agnostic. The ORA token exists on multiple chains, including Ethereum (often seen with the address 0x33333333fede34409fb7f67c6585047e1f653333), Solana (BPYhCMNao2XG4UR771LurHrwUg3rcp76jmg4XFfAacvg), and Base. This cross-chain presence is managed through tools like OBridge, allowing users to move ORA between networks.

The Ora ecosystem includes tools like OraiDEX for trading, OWallet for managing tokens, aiRight for AI art and NFTs, and DeFi Lens for DeFi analysis. They have active communities on Twitter and Telegram, indicating ongoing development and community engagement.

Token Economics

While specific details for the 0x87b756a58a29b9d320c9987e88b4410c9c01633c token are limited, we can infer its economic model aligns with the broader Ora Protocol.

• Total Supply: Set at 100,000,000 ORA tokens.
• Circulating Supply: Not explicitly stated for this specific contract, but the broader ORA market has millions in circulation.
• Allocation and Use: ORA tokens are generally used for ecosystem rewards (like block rewards, liquidity pools), the DAO treasury for future development, and rewarding validators who secure the network.
• Staking: Holders can stake ORA to support network validators and earn fees generated from AI requests and transaction processing. This is a key part of the protocol's Proof-of-Staked-Authority (PoSA) style consensus or similar staking mechanisms on other chains. Staking also grants voting rights in the Oraichain DAO (Oraichain is closely related to Ora Protocol's roots) to influence protocol decisions.

The capped supply suggests a potentially deflationary model, especially if burning mechanisms are introduced or services consuming ORA tokens become popular.

Risks and Challenges

Investing in or using the ORA token, especially the one at 0x87b756a58a29b9d320c9987e88b4410c9c01633c, comes with risks:

• Technical Risks: The contract source code for 0x87b756a58a29b9d320c9987e88b4410c9c01633c is not verified on BscScan. This lack of verification means the code isn't publicly auditable, raising potential transparency and security concerns. Also, moving tokens across chains via bridges like OBridge carries inherent risks, as highlighted by past bridge exploits like the Wormhole hack.
• Market Risks: The $0.00 price on BscScan for this specific address indicates very low liquidity. This can make it difficult to buy or sell significant amounts without impacting the price heavily. While other versions of ORA are traded on CEXs like Gate.io, MEXC, and LCX Exchange, the activity on this specific BNB Chain contract seems minimal. Price volatility is also a factor for the broader ORA market.
• Project Risks: The AI-blockchain space is competitive, with players like Chainlink and The Graph already established. Widespread adoption of complex AI-blockchain solutions faces hurdles.
• Regulatory Risks: The evolving regulatory landscape for both AI and cryptocurrencies could potentially impact the Ora Protocol's operations.

Comparing with Other ORA Tokens

To add to the confusion, there are other tokens named "ORA" out there.

• Oraichain (ORAI): This is a related but distinct project. Oraichain is a Layer 1 blockchain focused on AI oracles. Its BEP-20 token address on BNB Chain is 0xa325ad6d9c92b55a3fc5ad7e412b1518f96441c0 according to BscScan. Oraichain's token (ORAI on CoinGecko) is much more established in terms of market cap ($543M+ as of late Nov 2024) and trading activity compared to the ORA at 0x87b756a58a29b9d320c9987e88b4410c9c01633c.
• Coin Oracle (ORA): There's another token using the ORA symbol on BNB Chain, like the one at 0x3242bc862d11155f17ea4b8d0250185fc2c5cf21 (BscScan). This token seems focused on decentralized idea exchange with a fee structure, appearing unrelated to the Ora Protocol's AI focus.

The ORA at 0x87b756a58a29b9d320c9987e88b4410c9c01633c appears to be an instance of the Ora Protocol's token, distinct from Oraichain's ORAI and other unrelated ORA tokens. Its low liquidity on BNB Chain is a key difference from the more established Oraichain.

Tracking ORA with GMGN.AI

For those interested in tracking and potentially trading tokens like ORA on BNB Chain, platforms designed for meme tokens and low-cap gems can be helpful. GMGN.AI is one such platform that focuses on analyzing and trading meme tokens across various chains, including BNB Chain.

GMGN.AI offers features like smart money tracking (following top investors), real-time analytics, security checks (like honeypot detection), and automated trading (which requires linking a Telegram account via https://t.me/gmgnaibot?start=i_fV1R5sZ5). They charge a flat 1% transaction fee without requiring subscriptions.

You can directly access information on the ORA token (specifically the one corresponding to the provided address) on GMGN.AI's page for ORA on BSC.

Using tools like GMGN.AI can provide valuable, real-time insights and risk management checks when exploring volatile markets like those for new or low-liquidity tokens.

Conclusion

The ORA token associated with the address 0x87b756a58a29b9d320c9987e88b4410c9c01633c on the BNB Chain appears to be a BEP-20 implementation of the token for the Ora Protocol, a project pioneering the integration of AI and blockchain through verifiable AI oracles. While the broader Ora Protocol ecosystem and its ORA token have significant potential in enabling AI-driven dApps, the specific token at this address shows signs of low liquidity and trading activity based on metrics like the $0.00 price reported on BscScan and a relatively small number of holders.

It trades on BNB Chain DEXs like PancakeSwap and can be tracked on platforms like DEX Screener and GMGN.AI. Key risks include the unverified contract code, low liquidity, potential cross-chain bridge vulnerabilities, market competition, and regulatory uncertainty.

If you're exploring the ORA token on BNB Chain, make sure you're looking at the correct contract address for your intended purpose. Given the factors like low liquidity and the unverified contract for 0x87b756a58a29b9d320c9987e88b4410c9c01633c, extreme caution and thorough research are highly recommended before any investment or interaction. Always use reliable sources like BscScan, DEX tracking sites, and the official project channels to gather the most accurate and up-to-date information.

Navigating the world of specific token addresses, especially when multiple tokens share a symbol or project name across different chains, requires careful attention. Stay safe and do your own research!