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Oracle Protocol – A Magnificent World Is Being Built In An Orderly Manner

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Oracle Protocol – A Magnificent World Is Being Built In An Orderly Manner

September 23
06:39 2022

A technological and ecological revolution that is both inevitable and disruptive is coming into a frenzy, and the protagonist is – ORACLE DAO.

ORACLE DAO, initiated by top geek teams in many countries, is currently developing under the leadership of the original team in an orderly manner. The development is progressing smoothly. The Oracle Protocol has now completed the beta stage and will soon be tested on the chain technology and the development of the second ecological layout, OraSwap. ORACLE DAO is based on multiple cross-chain technologies. It has the highest docking center in the whole network, and the value container structure is built by the linkage operations of the whole network. In terms of technology, mode, and ecology, it outperforms the majority of the projects on the DAO track.

The DAO is a decentralized free organization with the innovative underlying technology and a scalable cross-chain ecological layout. The overall layout and top-level design of Oracle DAO have infinite vitality for perpetual operation, which is difficult to surpass by other projects. The first innovative MTE/POSUM hybrid consensus mechanism, superb on-chain processing speed, Turing-complete smart contracts, and forward-looking ecological layout are some of ORACLE DAO’s best skills.

At present, the Oracle Protocol has already completed its Beta stage. This is an official announcement of the successful completion of the ORACLE DAO basic contract layer and the foundation of decentralization and de-trust. The importance of the basic contract layer is self-evident. In addition to realizing inter-dimensional operability in a trustless environment, it will also solve the problem of the difference in industrial interfaces between the chain and the chain and establish a diversified industrial ecological interface to meet all the challenges encountered in the development process. Key links through the interaction between its own protocol network and the value layer and contract layer of the entity industry, it realizes the expansion, transaction, and cross-chain of the ORACLE DAO community, so as to open the silo between the virtual and real industries. It carries the rich decentralized exchange application ecology on the protocol layer network and becomes the bridge and foundation between the blockchain world and the entity world.

The ORACLE DAO mechanism algorithm is obviously complex and more rigorous, so it also shows its meticulousness in smart contract layout and mechanism planning, which is more in line with the characteristics of the current era of algorithmic technology. Among them, the POSUM mechanism is the core reward mechanism of ORACLE DAO, which is used to execute community rewards and activate the development of the ecology inside and outside. The POSUM mechanism in the ORACLE protocol will release the platform tokens—ORC—year by year for five years. After the five-year period, the protocol will automatically put all remaining tokens into a black hole for destruction after 100 days. The anti-inflationary eco-model drives the value creation concept of the POSUM mechanism with its constant mintage and anti-inflationary qualities, as well as stable, pledged returns.

The ORC adopts the community’s NFT pass as the qualification to purchase, and the initial sale will bring the flow value to the community and provide great momentum for community development. The Oracle Protocol is designed to attract like-minded community members through the POSUM mechanism, expand the influence of the community, and increase the activity of the platform. At the same time, community members can get up to 60% annual return by pledging ORC, and the community also opens DAO community members’ rights according to the value of their contributions, so that they can participate in more decisions and development of the ecology within the organization. In addition to the pledged return, community members can also earn ORC tokens as rewards by promoting community development and making relative contributions to the industry ecosystem in the form of individual rewards or team rewards.

From the DEFI perspective, community members work together to provide higher liquidity to the market by pledging various crypto digital assets and becoming part of the liquidity pool of the market. Community members of ORACLE DAO can also produce more ORC tokens through the liquidity pool and work together to increase the demand for ORC. Therefore, it can also be concluded that the community will be the most powerful source of energy for ORACLE DAO, while the POSUM mechanism is responsible for balancing the reward uniform so that the community and each member get a fair reward.

In addition, MTE as NFT identity verification. Its complete name is MINT TO EARN. The reason is to open and join the springboard within the ORACLE DAO organization. Through the MTE to cast a unique NFT identity to go to the next step of pledging to earn another income. When you refer a user to cast NFT, you will be rewarded for casting NFT. In addition, NFT holders will have the opportunity to receive ecological airdrops of ORACLE DAO distributed by the organization unexpectedly in future periods. Without this layer of identity verification, they will not be able to obtain additional airdrop rewards.

With the completion of the ORACLE PROTOCOL test, we are also looking forward to the smooth implementation of its on-chain test, the perfect exit, and smoothly into the second ecological layout ORASWAP development. ORASWAP is an important interface for ORACLE DAO to enter the DEFI trading world, to realize the decentralized exchange derived from the DAO organization.  ORASWAP is created on the cryptocurrency smart chain and based on the development of community industry ecology. It carries a variety of protocol mechanisms running to provide users with multi-dimensional and comprehensive DEFI trading services. Through the law of mobile power and the law of mobile wealth, continuous value creation, ORASWAP’s investment in research and development is ORACLE DAO in the ecological strategic layout to find a way to liberate power and wealth. The greater value of liquidity pry is the most thrilling challenge of DEFI at the moment. In addition, ORASWAP uses the DAO structure to operate, ensuring the fairness and impartiality of the ORASWAP ecology, returning all users to a high-quality, fair, open, and transparent asset trading environment, ensuring that all users benefit.

To sum up, ORACLE DAO breaks through many limitations of traditional organizations, enabling users to jointly create and exchange value in a trusted environment in the Web3 era and obtain corresponding rewards. With the continuous maturity of technology and improvement of market demands, ORACLE DAO will make great progress on the ecological road. For this reason, the current ORACLE DAO native team will continue to consolidate the foundation, so that the ORACLE DAO giant ecosystem can empower more entity enterprises!

Currently, we are also looking forward to a greater world, and a greater cause requires determination, competence, organization, and responsibility. As a decentralized autonomous organization, it follows the principle of “code is law”. The management and operation rules of the organization are encoded on the blockchain in the form of smart contracts, thus realizing distributed collaboration, which can still operate spontaneously without third-party intervention and centralized control. The design of ORACLE DAO is highly transparent, aiming to let all participants know the rules and realize self-operation, self-governance, and self-evolution through intelligent management means and economic incentives of passwords, thus realizing the maximum effectiveness and value flow of the organization and leading humanity into a new decentralized world.

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