Press Release
Goracle’s launch aims to disrupt the Blockchain Oracle sector
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Goracle is the latest, next-generation blockchain oracle that promises to disrupt the oracle sector, which has long been overdue for innovation. The protocol allows developers and enterprises to create cutting-edge and reliable, decentralized applications by bridging the divide between traditional systems and blockchain networks. Furthermore, the network allows for off chain computation and decentralized storage, further improving the usefulness and value add – promising to power a new wave of sophisticated applications. The protocol is being brought to market by a team with deep technical and business experience.
Mainnet Launch and IDO
In an exciting culmination of over a year and a half of development, Goracle has set the date of its mainnet launch on July 5th.
The team is proud to announce the launch of its $GORA token through an Initial DEX Offering (IDO), on Tokensoft and Poolz. This significant event marks a pivotal moment as we embark on a mission to revolutionize the industry with our oracle solution.
Token Utility
By participating in the Goracle IDO, members are able to help secure the Goracle network, and capture the value of the network as it aims to power the next generation of apps. Specific use cases of the token include:
- Purchase of data and computational power: customers use the $GORA token to purchase services such as:
- Arbitrary data ( e.g. VRF number, or an API Call )
- Computational Power
- Subscription Services
- Participating in Consensus: validators fetch data from the Goracle system to ensure data is accurate. Each time a node runner participated in consensus, they are rewarded in $GORA token.
- Delegating Votes: for community members who do not want to run nodes they may still delegate their tokens to staking providers, such as one of our many partners Validatrium. The Goracle system has built-in support for delegating votes without handling over tokens to the staking providers.
- Governance: each quarter there is a governance period where the community will be able to vote on changes to the protocol. To participate in governance, community members must take a certain amount of tokens for the entire governance period. Each token allows for one vote on each proposal.
Token Distribution
One of the key aims of Goracle’s economic design is to ensure the distribution helps capture value for the ecosystem participants. The following distribution was made in consultation with various third party tokenomics firms, and audited by Tokenomics DAO.
IDO Overview
🗓 Date: Wednesday, June 28th
🗺 Location:
- Tokensoft Portal. A well known IDO platform with successful project launches such as The Graph, Tezos & Hedara Hashgraph
- Poolz: A well known IDO platform with successful project launches such as SingularityDAO
FAQs
- Public Sale Token Price: $0.45
- Initial Circulating Supply (TGE): 1,292,500.00
- Initial Market Cap (TGE): $581,625.00
- Fully Diluted Market Cap: $45,000,000
As the $GORA IDO token launch day arrives, on June 28th, 2023, a sense of anticipation fills the air. With enthusiasm and determination, Goracle invites you on a journey that promises to disrupt the blockchain oracle sector. The project envisions a future where the oracle solutions plays a pivotal role in shaping industries, driving innovation, and making a positive impact on a global scale.
For more information about Goracle Network, please visit Goracle website, and join our community through Discord, Telegram or Twitter to learn more and get involved.
Linktree: https://t.co/Mk5R1N6MZb
