What is the Automata Network project?
Automata Network The project was launched by the 20th Launchpool of Binance. Automata is a decentralized service protocol that provides a secure middleware layer for dApp across multiple blockchains. Protocol with many use cases like vote anonymously and minimize miner extractable value (MEV) – Miner Extractable Value (MEV) Minimization by leveraging the latest code and privacy-preserving algorithms, along with a Trusted Execution Environment (TEE).
What is Miner Extractable Value (MEV)?
When a person submits a transaction on blockchain, there will be a delay between when the transaction is broadcast to the network and when it is actually mined into a block. During this time period, transactions are in a group of pending transactions called mempool where the content is visible to everyone. Traders specializing in arbitrage and miners (Miner) can follow the mempool and find opportunities to maximize their own profits, e.g. by currency transactions. If the forerunner is a miner, they can also reorder or even censor transactions. Miner Extractable Value refers to the amount of profit that can be extracted from the reordering and moderation of transactions on blockchain.
What are the outstanding features of Automata Network?
It's easy to imagine Automata as a middleware solution between DeFi app. With outstanding features of the project such as:
- Provide class security middleware for these dApp on many blockchains.
- Allow some cases use privacy as Anonymous voting and minify miner extractable value (MEV) by leveraging the latest code and privacy-preserving algorithms, along with a trusted execution environment.
Product of Automata Network
Witness is Automata Network's off-chain voting administration solution for voters who don't want to reveal their identity while participating in governance at zero gas cost. Voters can also delegate their voting rights to other addresses. Witness also support Ethereum, Binance Smart Chain and other substrate-compatible EVM chains and provide the following features:
- No gas: Off-chain voting hence no gas fees
- Execute on string: Based on the voting results, the on-chain contract registered during the proposal generation can be activated.
- Privacy: User can adjust and choose between different privacy levels from Public to Private voting. For Private voting, only the results of the vote are published, while the identity of the voter and the number of votes will remain hidden.
- Authority: the user has a card that authorizes the vote of someone else's address.
Automata Network is developing an MEV mitigation solution, Conveyor, that aims to create a zone of forward inactivity as it imports and exports transactions in a defined order. Therefore, malicious actors cannot: (1) inject new transactions into Conveyor output, due to signature mismatch, or (2) delete ordered transactions, as transactions are transmitted across the network.
Conveyor provides users with the following additional features:
- Against front-running: There is no front-running of transactions on the transaction, it supports Conveyor.
- Privacy when ordering: The transaction order is not disclosed unless it is determined and cannot be changed. No one, not even the storage nodes, will know the order before it is decided.
Automata Network protocol platform structure
There are two types of nodes in the Automata network:
Automata Validator participate in the search for Proof-of-Stake consensus. They are also responsible for any duties related to the 'control plane', including the management of:
- Register both stake and storage nodes
- Distribution of work tasks and rewards
- Market to sell and buy computing power.
Automata Geodes uses a number of advanced technologies, including display RAM, to successfully create a protected and isolated environment that conceals data access patterns.
Automata Validators and Automata Geodes interact with each other on 3 planes, namely Control, Compute and Service. Each plane serves a distinct and important function:
- The control plane is the dispatcher. Validators maintain a copy of the protocol state so that the Geocode can receive new tasks and report their status.
- Compute plane is the executor. This is where Geodes can complete scheduled tasks and submit proof of implementation.
- Service plane is user-oriented. Vendors can develop and run applications in Geode without actually hosting Geode.
The main events achieved by Automata Network
- May 2021: in a strategic round due to KR1, Jump Trading and IOSG Ventures participation Raised 2.4 million USD.
- May 2021: Available on Mainstage of Polkadot Decoded 2021 in the event's first community-managed lineup as the single lightning playground.
- May 2021: Mentioned on Bloomberg as a privacy-focused solution designed to deter the leaders in the crypto trading ecosystem.
- April 2021: Debut Witness, currently supported by Plasm, Clover Finance, Crust, Bounce Finance, MathWallet and Celer Network.
- March 2021: Raise 1 million USD in seed ring do Alameda, KR1, Divergence, IOSG, etc. co-led.
- March 2021: Selected to the Berkeley Blockchain Xcelerator 2021 Cohort.
What is ATA Token?
ATA is a utility token of the Automata Network platform that has the following usage functions:
- Administration: Owner ATA coin may be entitled to create and vote on proposals, platform features, and network parameters.
- Mining Rewards: Computer and storage miners will receive ATA tokens by running applications and performing transactions for users.
- Pay: Users pay miners for storage and computational work tasks.
- Auction allocation: Users can link ATA tokens to participate in Geode auction.
Some basic information about the ATA . token
- Token name: Automata Network
- Ticker: ATA
- Blockchain: Ethereum, Binance Smart Chain
- Standard Tokens: ERC-20, BEP-20
- Contract Address:
- Estimated supply of initial circulation: 172.252.000
- Initial supply: 1,000,000,000 ATA
Note: You use exactly the 2 contract codes above. The Bep-20 token is still not circulating in the market so all Bep-20 tokens with different contract addresses are scams.
- Seed ring: 50,000,000 ATA, for $0.02/ATA. Total capital called 1 million USD.
- Strategy round: 60,000,000 ATA for 0.04 USD/ATA. Total capital raised 2.4 million ATA
- Binance LaunchPool: 4%
- Seed ring: 5%
- Strategy round: 6%
- Advisors and strategic partners: 5%
- Team: 15%
- Developer ecosystem and community: 30%
- Protocol Reserve: 35%
Detailed distribution roadmap in 5 years
Automata Network was built by researchers and industry veterans, with team members having worked at Zilliqa, LongHash and the National University of Singapore. Founded in 2019, Automata Network is a recipient of the Web3 Grants (2020) and a participant Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021) and licensed at Polkadot Decoded Mainstage (2021). The group's investors include KR1, Alameda Research, IOSG Ventures, Divergence Capital, Genesis Block Ventures and Jump Trading.
How to earn and own ATA . tokens
Participate in the Binance staking event through Binance Launchpool.
- Token Name: Automata Network (ATA)
- Total supply: 1,000,000,000 ATA
- Total farm supply distributed on Binance: 40,000,000 ATA (4% max supply).
- Initial circulating supply: 172,252,000 ATA (17.2% max supply)
In which the ATA distribution ratio of each Pool is as follows:
- Stake BNB: Total pool is 28,000,000 ATA (70%)
- Stake BUSD: Total pool is 4,000,000 ATA (10%)
- Stake DOT: Total pool is 8,000,000 ATA (20%)
ATA Token Storage Wallet
Future of Automata Network, should invest ATA coin?
Automata Network (ATA) is an intermediary platform that protects applications DeFi, making the protocol smoother, secure, and private. Automata Network is supported by major investors in the industry with a raised capital of 2.4 million USD. Proving this is a potential segment of DeFi Not many projects are actually exploited. With the proliferation of DeFi, protocols and middleware are equally important for future attention.
This article has summarized the most basic information you need to know about Automata Network & tokens ATA. With this post. T-REX I hope readers can grasp some of its investment potential.