Web3 AI New Narrative IMO: Ora Protocol Interactive Tutorial

Preface:

The encryption market never lacks any opportunities to make money. Stepping on one or two is a hundredfold opportunity, which can solve all the troubles in life.

On the contrary, many people’s stories have always been: coming in with nothing, leaving with heavy debts, just fueling the market.

What if we enter in a different way, will it be another scenario, such as: you come in with nothing, start with heavy debts, and finally you are unwilling to start researching the deep logic of the encryption market, never forgetting to seek opportunities for new narratives in the ups and downs environment…

Two different attitudes can lead to vastly different results.

So when something appears in front of you, do you treat it as a pile of garbage and curse at it, or do you embrace a learning mindset, first accept it, then dig into the underlying logic, and finally decide whether to keep it or discard it?

1. Grasp the underlying trend of the crypto world and make tenfold or hundredfold profits.

One underlying logic in the crypto world is that the encryption market never lacks new concepts and follows the principle of ‘faster, more innovative, and more monopolistic’.

Even though most new concepts are iterations of previous gameplay, they can still bring new waves and speculation to the market, such as:

• The earliest ICO, a shitcoin can have dozens or even hundreds of times the return; After ICO, IEO started. The exchange gives you coins with an annualized rate of 3-40 points.
• After the IEO yield is not so high, play INO, the hundredfold and thousandfold of 21 are here;
• At the same time as INO, still playing IDO, the previous 10-50% profit on Coinlist is more long;
• IDO has evolved into an LBP, the waves are not big, but you can still make money;

From the above, we can see that since 2017, every change in the way assets are issued in the market has ignited a large number of new projects, allowing every early holder to gain new profits.

Have we ever considered why, in the years 2023-2024, there have been several projects in AI and Web3 that have grown by several tens of times, but there hasn’t been a single IXO platform?

In 2023, 189 billion yuan was invested in traditional AI companies, but 99% of them cannot be realized.

AI has a lot of community platforms on Web2, especially graphic and image platforms, such as C station, Lil Bubu;

These large-scale platform models based on Stable diffusion have a huge number of personal training models released every day, but have you thought about how to monetize them?

If the model you trained is used by others to create images and sell them for hundreds of thousands on Xiaohongshu, while you are still worrying about whether to upgrade to a 4090 graphics card, what would you think?

In Web3, it’s the same. With so many AI projects, as a project party: how do you attract users, how do you quickly issue coins, how do you obtain a continuous stream of user interactions? How do you monetize your large models? How do your users monetize?

At this time, we need a comprehensive large-scale model market that integrates Web2 and Web3, after all, Web2 has not figured out how to monetize in this area. If there is a solution that can meet the needs of project parties, model training teams, users, and platforms, isn’t this a space of tens or hundreds of times?

And a AI project called Ora Protocol, which emerged in March this year, was the first to propose the concept of IMO (Initial Model Offering), with the first AI token $OLM issued above rising 60 times within a week of issuance.

Isn’t it amazing? Let’s take a look at the deep logic of Ora Protocol and how early users get the Airdrop, then decide whether to continue to follow up on their own.

The following text is divided into the following sections:

• Core Mechanism of Ora Protocol
• Ora Protocol Business Value
• How to participate in the Airdrop of Ora Protocol
• How to participate in new token offerings on Ora Protocol

二、Ora Protocol’s Core Mechanism

Ora Protocol is an AI model tokenization platform (IMO), where any AI team can issue their own tokens for their AI models on the Ora Protocol platform.

If you are a WEB3 AI developer, in addition to doing various development and training work, you also need to do your own marketing, operation, and figure out how users generate revenue…

With Ora Protocol, you don’t need to do too much, just focus on providing good backend technical support, and leave the frontend coin issuance and market matters to Ora Protocol.

How is this implemented? Here you only need to understand a few key issues:

• Ora Protocol ensures that an AI model is genuine and corresponds to the token you hold through Onchain AI Oracle (OAO) and opML (Optimistic Machine Learning).
• Ora Protocol connects AI models and the economic value generated with token holders through the token standard ERC-7641; it ensures that AI works cannot be altered or forged and enjoys the subsequent use and creation of works through the ERC-7007, known as ‘Verifiable AI-Generated Content Token’.

So the overall logic of IMO is very clear: AI model developers need to raise funds to bind the model with a token for IMO; buyers purchase tokens and, according to the rules of the token smart contract, are entitled to the subsequent use of AI models and profit sharing from creative works.

Three, Ora Protocol Business Value

By 2023, 189 billion yuan will be invested in traditional AI companies, but 99% of them will not be able to go public. In addition, the traditional world cannot solve the tracking and value sharing problems after their models are open source, etc.

It is reported that after Ora Protocol announced its intention to become an IMO platform, as the first IMO platform, over 20 traditional AI companies approached ORA for public issuance through IMO, showing how eager AI companies are for monetization solutions.

That’s why VC sees the business potential behind it. After the launch of Ora Protocol, it has successively obtained 2 rounds of financing, raising a total of $23 million. Investors include:

Top investment giants Holychain, HF0 (incubator of top-tier AI companies in the United States), Hashkey, DAO5, and Sequoia China.

As all AI models can be put on the chain and sold through ora, it is imaginable that there will be more and more AI projects issuing coins on Ora Protocol in the future, which will be a sustainable business worth hundreds of billions and fully able to open up the imagination of the crypto AI market.

Four, How to participate in the Ora Protocol airdrop (prepare in advance from July 1)

Ora Protocol is preparing to launch an Airdrop: There will be a cap of 10,000 ETH, and the Airdrop points correspond to future tokens, which can be participated in using STONE/OLM/ETH.

• Airdrop Interaction Core: Use AI large-scale model to brush gas, and you can get 3-6 points each time you use it. The interaction method is as follows:

Step 1, Enter Ora Protocol, Bind Twitter

• Related task links:
• Link to Twitter (10 points)
• Enter code: TXY7XW (5 points)
• Connect Wallet

Step 2, Enter ORA Onchain AI Oracle, and brush transactions

• Click ORA Onchain AI Oracle

• Choose any model

• If you are concerned about transaction fees, you can switch to other chains.

If you want to have multiple benefits, use $STONE token for trading or use the Linea chain.

• Enter (cue words) or click “Surprise me”
• Wallet Confirmation

There will be a fee of 0.0003 ETH+Gas for each transaction, and you can earn 3-6 points each time you use it.

• Scroll down the page and click “Finalize”.

Then you can see the transaction points on the POINTS page.

The above transactions are not limited in terms of the number of transactions. This is an airdrop for trading, and the more trades you make, the better.

The airdrop tutorial ends here, and the acceleration reward will start on July 2nd.

Ora Protocol does not have its own platform token yet. The points we earn will be converted into platform token airdrops in the future. The tokenomics is not available yet, so the value of the points cannot be calculated at the moment. However, on the trading page, you can see that every ETH can earn 10,000 points, which can calculate the value of a point to be between 0.3 and 0.4.

Although there is a price difference between the cost and value of points, we may not earn much if we brush hard, so we must brush under the condition of official activity bonus, such as the first phase of 10,000 ETH Cap starting from July 2nd.

Points Acceleration Activity:

• Time: 7/2 13:00 SGT
• Phase 1 cap: 10,000ETH/STONE + 3 billion OLM:

Rule: ORA point calculation method:

• Accumulate points over time
• ETH, stETH, and STONE earn 8 points for every 1 ETH every 24 hours
• Every 24 hours, every 10,000 OLM can earn 24 points
• Stake multiple assets
• Process: Stake STONE/OLM/ETH, points are settled and distributed daily.

5. How to participate in new token offerings on Ora Protocol

Ora Protocol is an AI model coin issuance platform (IMO), where many AI projects will issue coins on the platform. The first coin issued on this platform is $OLM, which has increased by 60 times in one week.

It is reported that on July 7th, the platform will launch the second Fair Launch, which can be participated in using STONE. You can prepare some STONE in advance.

Reference:

_web3/status/1805491367646576923?s=46&t=ImVlGABBYv-FTaT73CStFw