As promised, here are the tokenomics
Below you can find the different allocations and their vesting schedule:
Total supply: 1 Billion
Initial circulating supply: 57 Million
Initial MC (at IDO/IEO price $0,03): 1.7 Million $
1️⃣ Aggregators need a minimum amount of Ares tokens to run a node.
2️⃣ Token holders can delegate their tokens to an Aggregator for staking rewards.
3️⃣ Ares Tokens are used as a fee to pay for the oracle service. Challengers have to pay a gas fee in Ares tokens if they want to open a dispute in the network.
4️⃣ Ares token holders can make proposals and participate in on-chain governance.
About Ares Protocol
Ares Protocol is the first decentralized cross-chain oracle on Polkadot that implements data verification on-chain. It’s competitive advantage over other oracles is that it has a higher degree of decentralization because of node randomness, very low latency and high scalability because of it’s on-chain verification of real world data. Furthermore, it is the first oracle that provides compensation through its treasury to data consumers who faced losses due to malicious data. This mechanism serves as insurance and an additional layer of security in the rare case that other security mechanisms of Ares Protocol fail, making it even more secure.
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