oort

ChainCatcher news, the decentralized AI and DePIN project OORT announced an update to its token economic model, with a total supply of 2 billion OORT tokens. Key changes include:In the next five years, 400 million OORT tokens will be allocated as rewards for OORT Edge network nodes, and an additional 800 million OORT will be locked for five years starting from September 15, 2024. The locking address will be announced soon;The unlock period for the 200 million OORT tokens allocated to the founding team has been extended from the original four years to six years, in order to align with the long-term health development goals of the OORT ecosystem.

ChainCatcher news, the decentralized cloud platform OORT project foundation announced on platform X that it will soon launch the Q3 token buyback plan, with funds coming from approximately 30% of the second quarter's revenue, totaling no less than $600,000.Since the OORT token was listed in January 2024, the OORT foundation has destroyed a total of 3.25 million OORT tokens, accounting for 0.16% of the total supply and about 2.5% of the current circulation. In addition, OORT will officially launch on a leading DEX in July, which is seen as another significant event to enhance the accessibility and usability of OORT.

ChainCatcher news, according to CoinDesk, London-based liquidity provider B2C2 has acquired the French market-making firm Woorton, a deal that allows B2C2 to obtain Woorton's regulatory licenses, enabling it to operate in the European Union.

ChainCatcher news, the Web3 data cloud Oort successfully held the highly anticipated "Web3 Big Data, Leading the Decentralized Future" conference in Hong Kong, attracting numerous internationally renowned guests and companies. Speakers from around the world shared their unique insights on the new era of the internet.At the conference, Dr. Max Li, founder and CEO of Oort, delved into how Oort and its flagship product Oort DSS are redefining the way data is stored and interacted with, while Mike Robinson, chairman of the Oort Foundation, shared his forward-looking views on how the new currency system shapes the future and the 21st-century global economy led by China.Additionally, as the inventor of polar codes, Dr. Erdal Arıkan discussed the potential of polar codes as a more economical and reliable method of data storage, while David Chen, strategic manager at Tencent Cloud, looked ahead to Tencent Cloud's global development in the Web3 field and emphasized that collaboration with Oort Web3 data cloud will bring a brighter future to the Web3 ecosystem.