In this article, we tried to answer questions such as what is ATA coin, what is the crypto currency Automata Network (ATA), how to buy ATA coin. Here are the comments and details about the future of ATA coin…
How much is ATA Coin?
According to current crypto money market data, 1 ATA Coin is traded at 2.63 TL TL. ATA Coin price has fluctuated -15.11% in the last 24 hours. The trading volume of ATA Coin in the last 24 hours is 10,076,809 $ dollars, its total market cap is 39,063,144 $ dollars.
How much is ATA Coin?
According to current crypto money market data, 1 ATA Coin 0.152896 $ is traded at $.
What is ATA Coin?
ATA is Automata Network’s native utility token and has the following current and planned use cases:
- Governance : ATA token holders can create and vote on proposals, platform features and network parameters.
- Mining rewards : Compute and storage miners earn ATA tokens by running applications and performing transactions for users on the network.
- Protocol fees : Users pay miners for their storage and computation work.
- Geode allocation : Users can link ATA tokens to participate in Geode auctions.
Witness is Automata Network’s off-chain voting governance solution for voters who do not want to be identified while participating at zero cost. Voters can also transfer their voting power to other addresses. Witness also supports Ethereum, Binance Smart Chain and other Substrate based EVM compatible chains.
Automata Network is developing Conveyor, a MEV minimization solution that aims to create a front-running free zone as it organizes transactions in a specific order.
What is Automata Network?
Automata Network is a decentralized service protocol that provides a privacy middleware for dApps on multiple blockchains. It provides various privacy use cases such as Anonymous Voting and Miner Extractable Value (MEV) minimization by leveraging the latest encryption and privacy-preserving algorithms along with reliable execution environments. Automata Network was founded by industry professionals and researchers, with team members previously working at Zilliqa, LongHash and the National University of Singapore. Founded in 2019, Automata Network is a Web3 Grant (2020) recipient and Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021) contributor and was introduced at Polkadot Decoding Mainstage (2021). The team’s investors include KR1, Alameda Research, IOSG Ventures, Divergence Capital, Genesis Block Ventures and Jump Trading. Witness is Automata Network’s off-chain voting governance solution for voters who don’t want to reveal their identities while participating at zero cost. Voters can also transfer their voting power to other addresses. Witness also supports Ethereum, Binance Smart Chain and other Substrate based EVM compatible chains and offers the following features:
Zero gas fee: Voting is off-chain so no gas cost
Execution on chain: Based on voting results, the on-chain contract saved during proposal creation can be triggered
Privacy : Users can choose between different privacy levels from public voting to private voting can set and select. In private voting, only the voting result will be published, while voter identities and vote numbers will remain confidential.
Authorization : Users can delegate voting powers to another address
Anti-front-running : No front-running transactions on trading pairs that support Conveyor
Order confidentiality: The transaction order is not disclosed unless specified and cannot be changed. No one, including hosting nodes, can know the order before the decision is made
Automata Nodes
There are two types of nodes in the Automata Network:
- Automata Validators agree with the Proof of Stake consensus finding. They are also responsible for any number of ‘control plane’ related tasks, including managing:
- Register of both betting and hosting nodes.
- Distribution of job duties and rewards.
- Marketplace to sell and buy computing power.
2. Automata Geodes uses a number of cutting-edge technologies, including Oblivious RAM, to successfully create an isolated and protected environment to hide data access patterns.
Automata Planes
Automata Validators and Automata Geodes interact with each other on 3 planes: Control, Compute, and Service. Each plane has a separate and important function:
The control plane is the coordinator. The validator keeps a copy of the protocol state so that the Geode can receive new tasks and report their status.
The compute plane is the executor. This is where Geodes can complete scheduled tasks and provide proof of execution.
The service location is for the user. Vendors can develop and run applications on Geode without hosting the Geode itself.
Community Overview
Automata Network aims to develop a global community and establish a social media presence with regional bases. With its proposal to provide a privacy middleware layer for dApps in multi-chains, Automata Network aims to be recognized as the go-to privacy service for DeFi and the general Web3 space.
Current community growth strategies include:
- Consistent content line to educate and engage community members
- Increasing follower count on social media platforms and a regular content calendar to grow
- Publish original research in the MEV.Wiki format to strengthen thought leadership
- Participate in industry events like Polkadot Decoding to increase presence
- Via blog posts and newsletters post monthly updates on the latest news, developments and technical progress of the project
- Establish a private and professional team that manages and monitors social channels 24/7
Automata Network (ATA) Coin Interpretation and Its Future 2022
Future growth strategies are:
- Differentiated knowledge base provide established influencers that include retail community leaders as well as institutional and first-tier investors with ownership
- Extensive partnership announcements, cross-project AMAs, and interviews with strategic industry partners
- Established with media outlets such as Coindesk and ChainNews continue to be present in the media by leveraging positive relationships
- Participate in the launch of the public MEV toolkit to strengthen and support thought leadership on various issues
- Launch ambassador program to contribute and defend the project
- Organize community meetups, events and online webinars for greater visibility
- Create product guides, demos and biweekly updates for the community
