 | Oracles (POA)ICO Oracles Network is the first Ethereum-based public network with Proof of Authority consensus, reached by independent validators. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Oracles
1. Proof of Authority. Proof of Authority (PoA) is an alternative consensus mechanism, which does not depend on the nodes solving arbitrarily difficult mathematical problems, but instead uses a set of "authorities" - nodes that are explicitly allowed to create new blocks and secure the blockchain. 2. Validator. Validators on Oracles Network are the known people who validate the blocks. 3. Master of Ceremony. The Master of Ceremony is the initiator of a network. Using the Ceremony DApp, the Master of Ceremony creates 12 initial keys and distributes them to individual validators. Validators then replace initial keys with a new subset of keys. This initial ceremony launches the network.
DetailsPublic sales: Nov 30, 2017 - Dec 31, 2017Token supply: 252460800 Hard cap: 30,516,800 USD(fiat) Raised: 16,137,697 USD | Token infoTicker: POAType: Cryptocurrency Token standard: ERC-20 Token price in USD: 1 POA = 0.1 USD Token distribution: 70% - Purchasers 10% - Founders 10% - Foundations/Legal 5% - Partners, advisors Funds allocation: 75% - RandD 10% - Marketing 8% - Operations 4.5% - Legal 2.5% - Tokensale fee |
Oracles Roadmap
The project announced on Silicon Valley Ethereum Meetup. First validators joined the waitlist.
NotaryCoin renamed to Oracles Network. Igor won Consensus 2017 Hackathon with Ceremony DApp.
The network launched on the testnet with 12 independent validators. Initial Ceremony and Governance DApps deployed in production.
First projects launch their tokensales using Oracles Network ICO Wizard, a tool for running a crowdsale on blockchain for non-developers.
ICO Wizard integrated with Parity bridge for the state of the art cross-chain ICO of Oracles Network.
Oracles Network mainnet launched and connected to the exchanges. Coins unlocked in real time using the bridges
Oracles Network team expanded with other experienced engineers and researchers focusing further on blockchain scalability.
Multiple PoA based networks connected their DApps using bridges without PoW/PoS predecessors.
Oracles Networks becomes a platform with multiple PoA networks connected by interledger protocols.
Project team
Advisors
Social media
One Response
How do I find the ICO wizard page? I want to thru the 5 steps and create a token.