Strengthening the Kaia Ecosystem with 3,858 KLAY Burn and Over 100+ Data Feeds
After establishing itself as one of the fastest oracles in the market with a perfect fit with Kaia’s low transaction latency, Orakl Network has grown to provide more than 100+ data feeds, with some updated every 15 seconds and others every 60 seconds.
From the inception of the Orakl Network to today, 30 September, we have been meticulously collecting fees generated by the Orakl Network. According to our whitepaper, 50% of fees collected in KLAY will be burned. For on-chain transactions, 50% of the fees are automatically burned immediately. For off-chain transactions, we set aside 50% of the accumulated fees collected and burn them in KLAY.
The details for off-chain transactions are as follows:
- Total KLAY burned: 3,858 KLAY
- Proof of burn transaction (TXID: 0x6a74ee347508763ba00aa1126f939823b65e1f2428e5058c0f5adf964f677372)
We are set to burn 3,858 KLAY, underscoring our commitment to the Klaytn ecosystem’s health and prosperity. We’re excited about the future that we’re building together and remain committed to being a proactive contributor to the Kaia ecosystem.
New to Orakl Network?
Orakl Network is an easy-to-use native token oracle that supports Verifiable Random Functions (VRF), Request-Response, Data Feed and Proof of Reserve. You can learn about each of these functionalities at our documentation or dive directly to code with curated hands-on tutorials for each of our services: vrf-consumer, request-response-consumer and data-feed-consumer.
How Do I Find Out More About Orakl Network?
Website | Docs | X | Medium | GitHub
