As the launch time of Bitcoin ETF approaches, the overall market sentiment of cryptocurrency is also rising day by day. Bitcoin and Ethereum have risen and moved towards new peak, and the market has become more and more bullish. For example: SHIB has achieved an increase of more than three times this month, and its market cap has exceeded 15 billion US dollars again. According to public data, the market cap of cryptocurrencies has exceeded 2.6 trillion U.S. dollars, which has exceeded the market cap of Apple.
SkyBridge Capital founder Anthony Scaramucci pointed out that Bitcoin may reach US$100,000 before the end of the year; Jurrien Timmer, Global Head of Macro of Fidelity Investments, also said, “By the end of 2021, Bitcoin may not reach US$100,000 as expected, but Bitcoin may reach this goal within a few years.” According to market performance, Bitcoin once again exceeded US$64,000 today, which also makes such statements more credible.
As the market continues to improve, more and more high-quality projects will emerge, and all we need to do is to advance and hold them. If you don’t have a good reference target in your heart, ADAMoracle is definitely a good choice.
ADAMoracle ecosystem token is ADAM, with a total issuance of 100 million. Currently, only launched on the decentralized exchange which is DODO, which is an emerging project. Why do I say that ADAMoracle would be a good choice? Let’s have a look at the following analysis.
Groundbreaking oracle 3.0 project
The popularization of Web3.0 is imperative, and at present, it still needs to continue to improve across computing, indexing, data management, hosting, storage, and oracle infrastructure to lay the foundation. The oracle is not only a middleware for data transmission, but also an infrastructure service facility for the continuous application and development of blockchain and Web3.0.
With the expansion of applications on the chain, more and more Dapps need to use external real-world data information, but there are many challenges, such as Dapps cannot directly obtain and use off-chain data; on-chain data sources are wide and holographic 360 Weaknesses such as visibility, extensive data and lack of trust caused by cross-reuse are also causing a series of security problems in the era of big data, which requires oracles to provide on-chain data services.
ADAMoracle is a distributed wide-area node oracle network that can realize cross-chain and provide price-feeding services based on hardware servers. Its core functions can link thousands of node. The hardware server is used as a price feed node to ensure data encryption security. The purpose of ADAMoracle is to build a decentralized oracle network that is safe, credible, accurate, prevent witch attacks, and can be self-maintained, replace traditional oracles with Turing intelligence, and build a Web3.0 distributed wide-area node oracle network Ecosystem.
In the future, ADAMoracle will realize cross-chain connection of ETH, Polygon, Polkadot, BSC and other public chains, open up the entire chain ecosystem, and enable data between various blockchain heterogeneous underlying frameworks to realize low-cost, convenient and reliable intercommunication.
Currently, ADAMoracle is expanding its channels extensively. According to the official Telegram community, ADAMoracle users have spread across the Middle East, Europe, America, Asia and other major regions. According to official materials, ADAMoracle will work with many miners from all over the world to build a distributed wide-area node oracle network ecosystem.
Node mining mechanism with steady income
Different from Chainlink’s economic model, the vast majority of the ADAMoracle ecosystem token ADAM is produced by wide-area node mining.
1. [Wide-area node mining] (60%): 60 million, used for wide-area node mining rewards;
2. [Community contributor rewards] (5%): 5 million, used for community contributor rewards;
3. [Liquidity mining] (9%): 9 million, used for liquidity mining and pledge mining;
4. [Private Sale] (13%): 13 million, the early share will be released in 24 months in batches three months after ADAM launch on the centralized exchange;
5. [Initial circulation] (3%): 3 million, used for the initial mining pledge of early miners;
6. [Community/market operations] (5%): 5 million, used for community airdrops, market cooperation, team operations, etc.;
7. [Reserved by the team] (5%): 5 million.
At present, the ADAMoracle project has not officially opened wide-area node mining, which means that the circulation of ADAM in the market is only 3 million, which is also the total share of transactions in the current DODO exchange.
According to data on the chain, there are currently 1,870 ADAM holding addresses, and the number of transactions is 2,655, which shows that most of the holders have chosen to hold them patiently after buying. What gives them confidence? This is actually related to ADAM’s wide-area node mining mechanism.
Wide-area node mining uses a Pledged and Mining model, and anyone who wants to join must first become an ADAMoracle node. (Note: To become a node, you need to have a qualified server, according to the announcement ,and servers on the general market can meet the official requirements)
The wide-area node mining allocation is based on the storage space contributed by the node. Taking the first phase of wide-area node mining as an example, each node needs to pledge 30 ADAMs for every IT storage power contributed by a node. When the mining power reaches 100,000T (97.66P), the network is full of mining power, At this time, the maximum daily output of the mining pool is 32876.7123 ADAM. (First phase total output/365). When the network isn’t full of mining power , the node’s daily income will be distributed proportionally. For example, 1T of mining power‘s reward is about 0.32877 ADAM, 25% reward will be released immediately, and the remaining 75% will be linear released in 180 days.
If a miner uses a 96T mining machine to participate in ADAM node mining, and its effective storage powern is 64TiB,which can output about 21 ADAMs a day, and can obtain 630 ADAMs in one month. According to the current price of 6.2USDT per ADAM, it worth 3,906 USDT, which is extremely impressive.
It is not difficult to find that these 3 million ADAMs in initial circulation will be a “qualification certificate” for miners or companies to participate in the wide-area node mining, Which explains that the holder is not willing to sell ADAM at all.
Open, transparent and sustainable decentralized governance
In crypto currency field, many projects aim at high returns, but they are difficult to survive for a long time. Therefore, sustainable and safe operation is particularly important. ADAMoracle is the first oracle that use wide-area node to support price feeding. At the same time, the community and global nodes are the core of the project. Meanwhile, distributed data sources and wide-area nodes all over the world will ensure that the data transmission is efficiency and accuracy, node rewards and punishments will also continue to keep the product update and improving.
ADAMoracle founder and CEO Ahmed Ebrahim pointed out in an interview: “The ADAMoracle economic model is written into smart contracts. After accessing the Binance Smart Chain, every transaction can be queried on the chain. And we have solved the problems about pledge, lock-up and allocation reported from some nodes, and the network is able to achieve automated management, and the entire process is executed by smart contracts.” However, at present, the ADAMoracle oracle contract code has not been officially open sourced, We need to continue to pay attention to the official announcement.
According to the official website of ADAMoracle, the shortest pledge period for ADAM wide-area node mining is 360 days. Obviously this is a long-term project, and the evaluation criteria of miners and companies on the project are usually much higher than that of individual investors. It is obvious that ADAMoracle is face to both Bussiness and Customer, this also shows that we don’t need to worry much about the sustainability of this project.
The upcoming “StarCraft” of ADAMoracle
Recently, ADAMoracle officially announced that it will start the second round of beta testing “Global Node Million Incentive Program”, and 1,000,000 ADAM will be used for node miners, which from the community incentive of 5% of the total issuance, Global nodes are invited to participate in the test and compete for millions of rewards, and the test plan for this phase is named ‘StarCraft’. This event is like the Filecoin ‘space race’, and it will be ADAM’s first step to the moon.
The official document pointed out: “Anyone who participates in the test and installs the mining pool plug-in and completes the pledge operation, will have the opportunity to obtain the “Mining Power bouns” quota. After the wide area node network is officially launched, the reward will be at a ratio of 1/5 based on the actual computing power that the node achieved. At the same time, the reward part is divided by the community incentive share and the miners according to the ratio of 2:8.”
This means that after completing this ‘StarCraft’ task, miners or companies participating in ADAM wide-area node mining will receive an additional 16% of revenue on the basis of the original revenue.
Although the ADAMoracle has not yet received general attention from the market, and the product has not been officially launched, perhaps we will not see the bright moment of ADAMoracle in a short period of time, but I believe its value has not been truly discovered. And if the project reaches a mature stage, its value will be further recognized by the market, and we will probably miss the current opportunity. ADAMoracle has its own uniqueness in terms of technical system, product architecture and economic model, And the product is in a critical period of coming soon. We might as well spend some time and energy to study this project carefully and time will give us the answer.