Orcfax FACT

Orcfax is a second-generation oracle service for Cardano, which connects real-world data to the Cardano blockchain. It provides on-chain data inputs to smart contracts, scripts, and dApps on the Cardano network. Orcfax Ltd. is the company behind the development of Orcfax, and it aims to transfer governance to a decentralized autonomous organization once it is fully operational. The Orcfax team is currently working on a whitepaper, which will be published in the near future.

Orcfax is unique compared to other cryptocurrencies because it is a second-generation oracle service specifically designed for the Cardano blockchain. It bridges real-world data to the Cardano blockchain, making it available as on-chain data inputs to smart contracts, scripts, and dApps. This means that Orcfax enables the integration of real-world data into the Cardano ecosystem, providing accurate and reliable information for decentralized applications. Additionally, Orcfax is committed to fair distribution of its utility token, FACT, by not conducting any token sales through VC, seed, or private sale rounds, ensuring a more equitable distribution among the community.