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What Is Automata Network? How it is used in PancakeSwap?

What Is Automata Network? How it is used in PancakeSwap?

What is Automata Network?

Automata Network Is A Decentralized Service Protocol that Offers a Privacy Middleware Layer for Decentralized Applications(DAPPS). 

Automata Network is a decentralized service protocol that provides middleware-like traceless privacy solutions for dApps across multiple blockchains (ethereum or polkadot). To achieve this kind of privacy, high assurance and frictionless computation.

Benefits of Automata Network

Zero-gas fee: Voting process is conducted off-chain so here is no gas fee.

On-chain execution: Based on the voting process results, the on-chain contract registered during proposal creation can be triggered.

Privacy: Users can adjust and choose between various privacy levels from Public to Private voting process. For Private voting process, only the voting result is published, whereas the voter identities & number of votes will remain hidden.

Delegation: crypto Users are able to delegate their voting power to another address.

Additional Features of ADA Network

Anti-front-running: No front-based running transactions on the cryptocurrency trading pairs that support Conveyor.

Privacy on ordering: Crypto Transaction order is not revealed unless it is ulternable and determined. No one can including the hosting nodes, will surely know the ordering before it is confirmed.

The protocol enables many use-cases such as 

  • Anonymous Voting

  • Miner Extractable Value (MEV) 

  • Minimization by leveraging the latest cryptography

  • privacy-protecting algorithms

  • Along with Trusted Execution Environments (TEE).

ATA is the native utility token of the Automata Network 

Automata (ATA) Network Use Cases:

Governance: ATA token owners or holdres can develop and vote on proposals, platform features, and network parameters.

Mining Rewards: Compute & storage miners earn ATA tokens by running applications and executing transactions for crypto users on the ATA network.

Protocol Fees: Crypto Users pay miners for storage and computation work tasks.

Geode Allocation: Crypto Users can bond ATA tokens to participate in Geode auctions.

The witness is Automata Network’s off-chain voting governance solution for voters who do not wish to reveal their identity while participating in governance at a zero gas fee. A voter may also delegate their voting power to other addresses. Witness that is also supports Ethereum, Binance Smart Chain, and other Substrate-supported EVM-compatible blockchains.

Automata Network is developing an MEV minimization solution, Conveyor, which aims to develop a front-running-free zone as it arranges transactions in a determined order. This develops it impossible for malicious actors to inject new transactions into the Conveyor output due to signature mismatch, delete ordered transactions, as transactions are broadcasted throughout the network.

The total supply of ATA is 1,000,000,000 & the circulating supply upon listing on Binance will be 17.23%.

Key metrics (as of June 1st 2021)

Ticker

ATA

Token Type     

 ERC-20, BEP-20

Total Token Supply

1,000,000,000 ATA

Initial Circ

172,252,000 ATA 

Binance Launchpool Allocation

40,000,000 ATA

Binance Launchpool Start Date

June 2nd 2021

Token Economics and Supply Details

 

Token Name

ATA

Binance Launchpool

4.00% of the total token supply

Seed Sale     

5.00% of the total token supply

Strategic Sale   

6.00% of the total token supply

Strategic Partners and Advisors

 5.00% of the total token supply

Team         

15.00% of the total token supply

Ecosystem and Dev Community

30.00% of the total token supply

Protocol Reserve  

 35.00% of the total token supply

 

Automata nodes: 

There are 2 types of nodes:

Automata Validators

participate in Proof-of-Stake consensus finding. 

Registration of both staking and hosting nodes.

Distribution of work tasks and rewards.

Marketplace for selling and buying computing power.

Automata Geodes 

Employ a number of cutting-edge technologies, 

Including Oblivious RAM to high-end successfully develop an isolated and shielded business environment to conceal data access, business models.

Current Community Growth Strategies Include:

  • Content Consistent pipeline to educate and engage with community users.

  • The regular content calendar on social media platforms to expand & grow following.

  • Publishing original-based research in the form of MEV.Wiki to increase thought-leadership.

  • Participation in industry events, like Polkadot Decoded to boost presence.

  • Offer monthly updates on the project’s and the latest updates or news, developments and major technical progress via blog posts and newsletters.

  • Dedicated & professional team maintaining and monitoring social channels 24/7 and services.

Future Growth Strategies Include:

  • Launch of a high-level marketing campaign in conjunction with popular Binance Exchange Launchpool listing:

  • Onboard influencers including institutional & first-tier business investors with differentiated know and how, as well as retail community leaders.

  • The extensive lineup of business partnership announcements and updates, cross-project AMAs, and the interviews conducted with business strategic industry-based partners.

  • Continued media coverage, leveraging on highly positive relationships built up with the media outlets such as Coindesk and ChainNews.

  • Launch of public MEV toolkit to cement and bolster thought leadership around various business topics.

  • Launch of ambassador program to highly contribute to and advocate for a certain business model.

  • Organize the community meetups, events, and online webinars for greater business exposure.

  • Develop product-based guides, demos, and bi-weekly news and updates for the community.

How Automata Network is used in Pancakeswap?

For CAKE holders, highly excited to be able to provide you an extra sweet Syrup Pool from Automata Network, a decentralized service protocol that offers a privacy middleware layer for Decentralized Applications (dApps).

What Is Pancakeswap? - The Ultimate Beginner's Guide On How To Use Pancakeswap

The Syrup Pool:

Stake CAKE tokens to get ATA tokens!

Total Tokens: 3,000,000 ATA

Distribution duration: 60 days

Start Time:  Approx. 7am UTC on June 7th)

Finish Time:  Approx. 7am UTC on August 6th)

Token rewards per block:  1.7361 ATA

Max Stake per wallet: 100 CAKE for the 1st 48 hours, then unlimited CAKE staking.

To provide as many CAKE holders the high end opportunity to Farm some juicy pool rewards at a high APY, and here we will have a 100 CAKE token cap staking limit per crypto trader for the first 48 hours.

The Farm:

In order to host the ATA Syrup Pool system, they will offer an ATA-BNB farm with 2x CAKE rewards for the 1st 48 hours.

After that you can get 1x CAKE rewards.

The Vote:

In addition to that, there would be a vote, but as you may have highly noticed, there are currently have major issues with the nodes we have been using to support the voting system. Likewise, we hope that you will trust us on this innovative business concept, and rest assured we are continuously working to get the new version of the voting process deployed ASAP.

How do you stake CAKE to earn ATA rewards?

If you own your CAKE tokens, congratulations! 

You’re the owner of your pancakes.

Time to step up your taste buds by studying how to stake CAKE with Syrup Pool.

BEP20 ATA network will also be circulating and highly transferable on Binance Smart Chain when they start the Syrup pool, so you will be able to harvest your ATA tokens and exchange or trade on PancakeSwap at any time!

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Native Token: CAKE Token

Supported Cryptocurrencies: Stablecoins such as BUSD, USDT, DAI, LINK, and more.

API: Liquidity API's Integrated

Swapping Tokens: BEP-20 Tokens

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