Tokenomics-$ORAN

The Orangery Token Dynamics

Utility and Governance: Within the Orangery network, the Orangery token plays a pivotal role in facilitating transactions and governance. It serves as the primary currency for settling fees associated with the generation of machine learning tasks. Beyond its transactional utility, the Orangery token empowers holders with governance rights, enabling them to influence the direction of the protocol through voting on upgrades and the management of the Orangery treasury.

Token Generation and Miner Incentives: A distinctive feature of the Orangery ecosystem is its reward mechanism for miners who successfully complete tasks. This incentive structure mirrors the block reward concept found in Bitcoin, where new tokens are generated and awarded to miners as a Task Reward. This approach not only motivates miners to contribute their computational resources but also ensures the continuous expansion and security of the network.