Open Reactor proposes a cross-chain solution based on the OC system, which supports users to use BTC and ETH to generate OBTC and OETH on OnlyChain, through its core OrcVM virtual machine distributed multi-party verification platform, transfer bridge and atomic transactions Cast, burn, and exchange cross-chain assets. Realize the free flow, interaction and aggregation of assets on different blockchain chains, provide an interoperable layer with free flow of value for the encryption field, and provide rewards to the capturers of network assets through sustainable long-term incentives, and build a complete The cross-chain economic sharing circle brings the entire encrypted digital asset market back to its origin.

Detailed functions of ORC token

Composite application
One function is to pay transaction fees for any order on OrcVM The other function is to pay a deposit to "Registrar", which is the node operator that manages the ORC ecosystem smart contract, which guarantees the decentralization and stability of the OrcVM protocol. Anyone can want to run a Darknode, but must pay a certain amount of ORC pledge deposit to "Registrar".
Governance Voting
The ORC token serves as a vehicle for governance voting in ecosystem and community engagement. The governance function determines that holders of ORC tokens also have the right to adjust the Open Reactor native protocol, such as modifying, expanding, and formulating cross-chain asset varieties and closed models, or adding other composite application scenarios of ORC tokens, governance links Continue to use the OPEN open financial core governance mechanism.
Ecological Reward
The purpose of the decentralized incentive model is to ensure the consistent actions of all participants, keep pace with the times on-chain governance and consensus, and encourage long-term participation of all parties . We will carry out ORC incentive plans for participants on different platforms according to technological progress and application implementation, including but not limited to early supporters of the OC ecosystem, community rewards, ORC node operators, OPEN committees, and DAO developer communities.

The overall design goal of the incentive mechanism is to ensure the long-term effectiveness of incentives for ORC holders, attract more non-arbitrage users to participate and contribute, and help us build a more neutral and self-motivated decentralized community.