What tradeoffs does your protocol make and why did you make those tradeoffs? (supply/demand, temporarily peg breaking) (censorship resistance) (privacy tradeoffs) (accuracy of present market data and ease of manipulation of the data feed protocol uses (responsiveness of market and ease of manipulation)
Orch (symbol: ORC) is the native token of Orch Network decentralized platform for Turing Incomplete cyber contracts running on a realtime unforkable blockchain federation called StarCash. Users and developers will need a minimum lot of 100,000 ORC tokens to test and power their applications such as Unmanned decentralized exchanges (DEXs), Crypto-darkpools, Decentralized DNS Clusters, CDNs and decentralized realtime gaming and casinos and so on. This will most likely be the primary driver of demands for ORC.
The benefits of buying and holding ORC tokens are multifold. First, you can expect sharp appreciation of its value once our mainnet goes live in 2019. Second, due to its realtime unforkable blockchain federation Starcash, neither Orch platform nor Orch ecosystem dApps and smart contracts powered by it can be easily replicated unlike most forkable blockchains. That would result in an increased demand for ORC tokens from both users and developers in the mid to long-term. Third, you will be able to use ORC mainnet coins to access one or several Orch powered dApps/smart contracts. Fourth, all ORC token holders having minimum balance of 1 Million ORC coins or more will automatially receive equivalent number or ORCS non-sovereign non-collateralized stablecoins. ORCS stablecoins will have its value stablized relative to USD, Euro and CHF. So with these attributes, ORCS is an ideal candidate for long/short-term wealth storage and for making payments online anonynously and likely to replace fiat cash progressively in the near future.
Orch was initiated by Veterans of the cryptoworld Daniel Kaminski de Souza, Ethereum Classic (ETC) cofounder and Ren Timer, the technical brain behind many cutting edge computational technologies and cybernetic tools.
Orch is the most comprehensive and exquisite blockchain infrastructure project undertaken so far in order to power the decentralized web of tomorrow and realtime decentralized apps. We are a number of steps ahead of many of the crypto & blockchain projects and we have a grand vision for the future of the decentralized world.
An ICO is similar to Initial Public Offerring or IPO where tokens instead of stocks of a decentralized platform are offerred to the public and stakeholders including developers and backers. With an ICO you have a chance to back early stage decentralized projects and see great growth in capital.
You can buy ORC tokens with the 5 most popular cryptocurrencies i.e Bitcoin, Ethereum, Monero, Litecoin and Bitcoin Cash. Detailed step by step instructions can be found on our ICO page
There was a Presale back in January to February 2018.
There will be multiple phases till we raise our target of USD 50 Million or more.
We have raised around USD 37 Million, mainly from institutional investors.(As on October 5th 2018)
As soon as you complete the process of purchase you will recieve your tokens Immediately.
No, KYC is not mandatory.
Yes. We do provide bonuses for big investors. Do contact us and we will help you get your bonus.
They will get equivalent amount of ORC Tokens.
Yes, by running a peer-to-peer node of our mainnet you can mine ORC coins.
The hard cap is USD 150 Million and soft cap is USD 55 Million.
3.2% of ORC tokens are reserved for the developers and the founders team.
The total supply of ORC tokens is 62,000,000,001
4.5% of ORC tokens is reserved for the developers and the founders team.
10% of ORC tokens is reserved for Orch Treasury.
Orch project is under active development now. Alpha testbed is being created. A testnet will be launched by March 2019 followed up by our mainnet launch. Check our roadmap for the full timeline.
Yes. Orch is an evolution of the Pycoin project far more superior in technology & vision.
Algorand is a new kind of superfast unforkable(practically unforkable) blockchains proposed by Professor Silvio Micali of MIT. Algorand by scaling Byzantine Consensus Agreement and Blockchain Protocol.
We are building it (ORCS) on top of our own realtime unforkable blockchain platform Orch.Network and its underlying blockchain federation known as Starcash. Orch mainnet will be launch in mid 2019.
Orch stableccoin(ORCS) works as a non-collateralized coin via dynamic automated coin-split/reverse coin-split. It automatically stablizes its purchasing power by monitoring four cardinal internal and external indicators/indices in realtime: 1. average transaction fee of the underlying realtime federated blockchain, 2. Hashrate of the ORCS Subprotocol, 3. OECD CPI data and 4. Coinship decentralized exchange index.
There are several use-cases and the problems ORCS solves:1. Inflation-Protection2. Mass adoption of permissionless cryptocurrencies and crypto-denominated digital assets3. settlement currency for crypto-derivatives and crypto-denominated tokens4. A currency for macro and micro-payments with low transacton fees5. A non-sovereign non-collateralized high-velocity reserve asset6. ORC-denomnated Tail-risk Insurance/reinsurance products to manage negative Blackswan events and an investment vehicle to expose one's portfolio of assets to positive blackswans and earn exponential returns7. A currency for asset-backed tokens and synthetic assets
A stablecoin is a permissionless cryptocurrency that enables its users to retain their purchasing power in the short and long-term because of significantly reduced volatility and other factors such as privacy, infinite-divisibility and high-velocity of transaction capability(in terms of tps etc). Monetary policy of ORCS is planning and implementing whatever it takes to preserve pruchasing power of ORCS-holders/users at all times.
The major revenue of ORCS is earned from perpetual Truth Game( based on Schelling Point Vector) for rebasing its price as a game management fee. Besides ORC coins held in Reserve Treasury of Orch Network (10% of the money suppply at the time of genesis and never to be distributed) will be auctioned out to wholesale borrowers for short-term(361 days max) only at a floating rate to be decided by anonymous voting of ORCS-holders and demand-supply forces. The interest earned thru the lending mechanism will be another form of revenue apart from the truth game management fees.
Our ORCS coin will be a mainnet appcoin layered on top of our Orch Network realtime unforkable blockchain infrastructure. Being unforkable makes it hard for potential adversaries and the competition to replicate it. Orch Network unveils the era of true decetralization without compromising on integriy and performance of the platform including its dapps such as ORCS. Besides our own crypo-exchange Coinship will provide necessary liquidity to ORCS as well as ORC tokens.
Simple, dedicated systematic efforts and reinvesting internal accruals earned from other Dapp projects.
We plan to enter into strategic partnerships with institutional investors, reinsurance companies, star developers, youtubers and digital marketers worldwide.
OECD CPI and a basket of hard currencies comprising of USD, Euro and CHF.
There is no artificial peg. ORCS is not a pegged currency. It’s a non-sovereign algorithmic high-velocity stabelcoin which can double up as an alternative reserve asset. 100 basis points price up and down with respect to USD it can support.
Not reallly expensive as the whole subprotocol of ORCS along with its metaprotocol Orch Network is a self-planning self-learning goald-driven autonomous system.
Applying Quantity Theory of Money and Seignorage shares to a stablecoin is fallacious. Similarly Efficient Market Hyperthesis is based on a falsehood. There’s no need to auction bonds or seignorage shares for expanding or contracting the money supply. We at ORCS implemented automated electronic coin split/reverse coin split in realtime to supersede such misleasing theories in the 21st century. ORCS automatically expands and contracts coin supply in realtime as a tactical response to any drastic deivation in purchasing power.
Supply of ORCS tokens automatically scale up or down in response to indicators/indices and market forces. ORCS subprotocol of Orch implements a coin split (like a stock split) as a mechanism of this dynamic money supply policy. For example, if John holds 1 ORCS and demand for the stablecoin rises, the system would electronically change John’s balance to 1.03 ORCS in his ORCS Orch-powered mainnet wallet. For a contraction, a “reverse coin split” would change his balance from 1 ORCS to 0.97 ORCS
This question is not applicable to ORCS as it’s a non-collateralized autonomic stablecoin.
ORCS is designed to withstand such Blackswan events, both positives and negatives. ORCS protocol can autonomously respond to any death spiral created by negative or positive feedback loops due to its 4 sensory feeds and read/write capabilties to internal and external realtime data sources.
Yes, dynamic automated coin-split and reverse coin-split as the case may be.
Underlying realtime unforkable federated blockchain Starcash of Orch Network scales explonentilaly as number of P2P users-miners grow. So with 10,000 users-miners it can handle tens of millions of transactions per second, with 100000-miners it can handle close to a billion transactions per second(1 Billion tps).
We have not made any such tradeoffs as we are leveraging the most advanced future-proof relatime unforlable blockchain technology in the world. BTW ORCS leverages built-in homomorphic functional encryption and secure multiparty computation layers of Starcash blockchain for implemneting payer-payee and balance privacy.
No. Absolutely not. ORCS is self-governed by its token holders as per Orch Network Self-governance protocol as a decentralized organization.
Orch foundation is being registered in Switzerland. Any ORC token buyers with minimum 1 illion balance can become a board member of our foundation. Just send us an email to [email protected] with your wallet address and we will take care of the rest.
By applying for any of our remote jobs posted on our website. You can also write to us if you want to work with us but don't see your role on the website.
Yes, Orch will be on multiple exchanges soon starting with coinship.trade.
This first two rounds of airdrop has ended and the distribution will be made soon.
You can claim them from the dashboard
Several exchanges will support ORC including our own exchange coinship.trade. Announcements on exchanges listing ORC tokens will be made on our Telegram channgel and groups as well as on bitcointalk and twitter.