Freshly Baked ICO on the market: Binance has a surprise
In a blink of an eye, Bitcoin changed the finance game forever a couple of years ago. In fact, as Bitcoin grew and developed, the concept of blockchain and alternative coins grew and changed alongside it. With this growth came the realization of cryptocurrency as a marvelous fundraising opportunity.
Bitcoin used to be the beacon for all aspiring digital coins in the crypto world. However, times changed, and the BTC lost its shine. Thus it turned out to be not as stable as people hoped it to be when it first emerged on the market. New ICOs are created each day, as they offer extensive benefits for business owners looking to start or grow opportunities. Meanwhile, IPOs, also known as Initial Public Offering, and other funding options have significant limits to entry.
Meanwhile, investors looking forward to buying some new ICOs can rejoice, as Binance has recently announced the 20th project on Binance Launchpool – Automata (ATA).
Users will be able to stake their BNB, BUSD, and DOT into separate pools to farm ATA tokens over 30 days, with farming starting from TODAY, 2021-06-02 00:00 AM (UTC).
What is Automata Network?
Automata Network is a decentralized service protocol that provides privacy middleware for apps across multiple blockchains. The network offers a variety of privacy use-cases, trusted execution environments, and anonymous voting.
ATA Description: what does it do?
The freshly baked token offers its users high assurance, frictionless computation, and traceless privacy. In fact, ATA token holders can create and vote on whatever they want to, like platform features, proposals, and network parameters. However, that is not it, as storage miners get a chance to earn ATA tokens by running applications and executing transactions for users on the network. ATA has its protocol fees. Thus users will have to pay miners for storage and computation tasks.
When investors seek business funding, ICOs are perfect, fast, creative, and a new approach to it. Although there are potential downsides to initial coin offerings, there are also notable advantages. In the end, with the potential for massive returns from eager and excited investors, Automata Network becomes a perfect crowdfunding vehicle.
Binance and Automata Network’s Future Projects
Automata Network has a lot in store and plans to develop an innovative MEV minimization solution. It is designed to be a conveyor, which aims to create a front-running-free zone as it ingests and outputs transactions in a specific order. In fact, it makes it impossible for malicious actors to interfere with commerce or to delete them. Transactions will go throughout the network untouched. The MEV conveyer will offer users two main futures. The first is Anti-front-running, which means that there will be no front-running transactions on the trading pairs that support Conveyor. Secon one is privacy on ordering. It implies that all types of transactions are unreadable unless it is determined. No one, including the hosting nodes, will know the ordering before the final decision.
Overall, the ATA coin and Automata Network look incredibly promising and may develop into an even more global crowdfunding network.
Risk Disclaimer and warning: Before making any decision, remember that cryptocurrency trading is subject to high market risk. Please make your trades cautiously take into consideration your finance and experience. As in case of losing your funds, you will be responsible for your loss.
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