Weekly update 8 |Ares Protocol Test Network Gladios Launched Staking Module

Dear Aresians, Welcome to read our weekly update of Ares Protocol, a decentralized cross-chain oracle platform on the Polkadot ecosystem.

While a huge airdrop worth 50,000 USDT at maximum held by the Ares team is raging on, the telegram group is having a lively environment with talkative members, as other platforms are surging with followers. In the meantime, Ares Protocol established a new bond with Token Pocket and Coinhub Wallet, which ensured users to use Ares more safely. Test network Gladios version 1.01 is launched officially, and we welcome you to become our test network node to obtain your benefit in the early stage.

Here, we share every bit of Ares.

Development Process

Ares-chain

•Ares-chain added NPOS related pallets, such as Staking, Session, Election, etc.

Refactoring NPOS :

a. Research on changing block producer number according to the number of people participating in Staking.

b. Research on Election-provider-multi-phase functions and responsibilities of each phase and the implementation and parameter Settings of each phase.

c.Tease out staking calculations and the corresponding payout principles.

•OCW-suit library data type and storage structure were upgraded, new storage structure and data type for subsequent function expansion were implemented.

•Oracle model block online price inquiry function test version was launched, which could be used to launch an inquiry request, verifier node will start price acquisition and aggregation of average results on the chain after receiving the request.

•In theory, average price aggregation can be carried out only after all verifiers submit offers. If some verifiers cannot provide prices at this time, then when the maximum delay block is reached, it will be compared with the average price aggregation threshold. If it is greater than the threshold, it will continue to aggregate the average price on the chain. However, reached_type =2 will be marked to indicate that the quotation of not all verified nodes is not complete. If the quotation is lower than the threshold value, the inquiry operation will be terminated and the average price aggregation will not be carried out.

•The OCW-Finance module is designed to support the establishment of the economic model related to price (fees, profit distribution).

Other Updates

•Mars Parachain Crownloan Award registration verification

•The first draft of the quotation program UI was completed

•Investigate the Oracle implementation of solidity contracts

The Community and Market Status Quo

Ares Airdrop with 2,000,000 Tokens at maximum

Ares Protocol held a huge airdrop from 18th to 28th Oct. The tokens could reach 2,000,000 at the maximum was planned in the scheme.

The google form is closed at 14:00 pm (UTC time) on the 28th of Oct. The valid participants’ list was issued on 29th Oct. after the list was gone through tight scrutiny. Subsequently, in 30 and 31, the winner list and Super bowl winner were issued. Distribution started from 1st Nov., it will be processed till 4th of Nov.

The airdrop attracted immense crypto fans and other people, which lead to a significant increase in our social media platforms. The official Twitter post about this airdrop was reposted 26.1k times, Telegram Channel has been followed by 45k+ followers.

The increasing figures in relevant platforms

So far official Twitter reached 28.2k followers, Wechat blog has 1.1k followers, medium 2.3k followers. The total amount of community members made up 46.6k, which was significantly mounted since last week.

Ares’ Cooperation Journey

Ares announced a strategic cooperation with Token Poket. Token Pocket enables Ares DAPP in its configuration setting which is a great honor to Ares. We are pleased to inform you guys that since now you could learn about Ares and use Ares Tokens on Token Pocket. Recently, we will hold an airdrop activity for Token Pocket members, stay tuned.

One more huge news is that Ares declared its new cooperation with Coinhub too. Coinhub is established in Singapore, it’s a safe, portable blockchain data assets managing platform that involves wallet, data, financing, mining, trading, etc. functions, and supports all public chain and on-chain applications.

The listing of Ares on Coinhub brings comfort with its customer-oriented service to our users. Recently, we will hold an airdrop for customers from Coinhub wallet, please keep informed.

Ares Stake Mining is Proceeding

Ares Trojan stake mining is still proceeding. This week, 60days of regular product has reached 15,928,042 $ARES, increased 48,462 $ARES than last week; 120days of regular product has reached 6,868,671$ARES, overwhelmed last week by 157,535 $ARES. 180 days of Regular product has reached 6008, 302 $ARES, increased 853,871 $ARES than last week. The current volume is stable at 35,361,606 $ARES, which is equal to last week. Therefore long-term stake mining is preferred among miners which indicates the majority is holding a promise for Ares in a long run.

This is the end of our Weekly update, thanks for reading, see you next week.

Ares Protocol is a decentralized cross-chain Oracle that truly implements a new generation of cross-chain Oracle service protocol for data on-chain verification, and is the first to open a compensation channel for data users who suffer business losses from using Oracle data.

Ares Protocol is a stochastic secure Oracle solution developed based on the Substrate framework, supporting hybrid Babe and off-chain workhorses, incorporating Polkadot’s latest on-chain governance, bringing the Optimistic Rollup challenge model into the Oracle space, supporting the Ink contract ecosystem, and bringing better quality Oracle services to Defi developers.

🌐 Ares Protocol Social MediaTelegram Group:

Telegram Group: https://t.me/aresprotocollab
Telegram Channel:
https://t.me/AresProtocolAnnouncements
Twitter:
https://twitter.com/AresProtocolLab
Facebook:
https://www.facebook.com/aresprotocollab
Instagram:
https://www.instagram.com/aresprotocollab/
Medium:
https://aresprotocollab.medium.com
Discord:
https://discord.gg/cqduK4ZNaY
Reddit:
https://www.reddit.com/r/AresProtocolLabs/
Youtube:
https://www.youtube.com/channel/UCgwY4NwkoP8Hx1Fqmp_rJUw

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The first chain-verified decentralised cross-chain oracle service protocol, please visit this link www.aresprotocol.io.

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Ares Protocol

Ares Protocol

The first chain-verified decentralised cross-chain oracle service protocol, please visit this link www.aresprotocol.io.

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