Binance is launching Automata (ATA) token today. Why’s that?

Binance announced today that it would launch the 20th project on Binance Launchpool. Automata is a decentralized service protocol, providing a privacy middleware layer for dApps. According to Binance, users will be able to stake their BNB, DOT, and BUSD into separate pools and farm ATA tokens over thirty days. The farming starts from 2021-06-02.

Furthermore, Binance plans to list ATA tokens into the innovation zone at 2021-06-07. It means that the exchange will open trading with ATA/BTC, ATA/BUSD, ATA/BNB, and ATA/USDT pairs.

The maximum token supply of Automata (ATA) is 1,000,000,000. But only 40,000,000 ATA (4% of maximum token supply) will be available for investors on Binance. Farming will continue from 2021-06-02 to 2021-07-01.

Automata Network offers middleware-like traceless privacy services for dApps on Polkadot and Ethereum to achieve privacy, frictionless computation, and high assurance.

In March 2020, Automata Network launched officially with $1 million in funding. Various blockchain and decentralized protocol investors co-led the seed funding round. Among them were Genesis Block Ventures, Sam Bankman-Fried’s Alameda Research, and IOSG Ventures.

The Automata protocol harnesses a cryptographic scheme called “oblivious RAM.” It conceals data access patterns, and its privacy relayer offers various functionalities, including tamper-proof data sourcing and anonymous voting.

According to Automata, it will attempt to capture an immediate market demand for privacy-preserving DeFi applications. Furthermore, IOSG partner Xinshu Dong announced that the platform would try to do that without rewriting those dApps.

The company recently partnered with Plasm, aiming to bring Witness as an off-chain governance solution to their network. Plasm is the multi-chain machine smart contract platform on Polkadot.

Sota Watanabe, Founder of Plasm, noted that they quickly understood the ideological relevance of Witness in relation to their mission of building out the infrastructure for Web3. He added that this partnership would add to their ecosystem meaningfully.

Meanwhile, the NFT TOKEN PILOT launched its ICO

The NFT TOKEN PILOT began their initial coin offering today, and it will end on Jun 3, 2021. The project aims to raise $100,000 by trading 1,000,000 tokens at an ICO price of $0.02.