Orcfax
FACT #7371Project Safety Score: 12%
Updated 3 weeks, 3 days ago& Market
Credibility
Behavioral
Mechanics
Distribution
Orcfax is a decentralized oracle service that publishes data about real world events to the Cardano blockchain. Orcfax data is made available to on-chain smart contracts in Cardano's eUTXO native format using the Cardano Open Oracle Protocol (COOP).
Orcfax archives standards-compliant audit logs for all its real world data collection and validation. These are available on the permissionless Arweave.org decentralized storage network or via our own “Fact Explorer” app. The oracle data published by Orcfax is marked up using fact checking vocabularies. This means it can be easily verified to be authentic and accurate, thereby making it more trustworthy and repurpose-able than standard oracles.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
