Overview
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OpenTechnical details
Ares is built under the Polkadot ecology. And it is built through Substrate, as a parachain link to the Polkadot ecology, sharing Polkadot’s security consensus; secondly, Ares is a scalable two-layer oracle network, which is Polkadot’s other parachains and provide decentralized data oracle services with mainstream blockchain networks.
What is Ares Protocol
Ares is a decentralized oracle solution, which realizes the on-chain and on-chain verification of oracle data. It provides secure and reliable data services for the interconnection and digital economy in the Web3.0 era. Under this agreement, all participants jointly maintain the security of the entire system for their own benefit.
As an open-source decentralized cross-chain oracle service protocol, Ares builds a decentralized data transaction ecosystem by introducing a token model and community governance. Data demanders can safely and effectively obtain off-chain data and allow high-quality Data providers to profit through on-chain governance and data transactions.
Ares conducts on-chain verification of the oracle data by introducing challengers and reputation committees and achieves the data’s finalization. Its principles are similar to the block production mechanism of Babe in Polkadot and Grandpa finalization, and it can be achieved through on-chain verification of data at a high level of safety.
DetailsIEO (Gate Launchpad): Apr 26, 2021 - Apr 26, 2021IDO (DuckStarter Launchpad): Apr 26, 2021 - Apr 26, 2021 Token supply: 1,000,000,000 ARES Total tokens for sale: 7,300,000 ARES Soft cap: 220,000 USD Raised: 600,000 USD LegalBlockchain Platform: PolkadotCountry limitations: Afghanistan, Albania, Belarus, Bosniaand Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, North Korea, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe. Registration year: 2020 | Token infoTicker: ARESType: Utility-token Token standard: ERC20 Token price in USD: 1 ARES = 0.06 USD Accepted currencies: ETH, USDT Token distribution: Financing sale - 20% Ecological Constructio - 20% Community Building - 5% Reserved by Foundation - 10% Team - 20% Consultant - 5% Pledge Mining - 20% |
Ares Protocol Roadmap
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