The highly anticipated initial DEX offering and launch day for the GORA token has finally arrived. This milestone marks a significant step forward in Goracle’s journey to revolutionize the ecosystem through blockchain technology with its oracle solution.
The GORA IDO event is a milestone for Goracle, an exciting culmination of months of preparation and anticipation. This significant event marks a pivotal moment as Goracle embarks on a mission to put its oracle project in the middle of the view of the crypto ecosystem.
Through its innovative oracle technology, Goracle bridges the gap between blockchain networks and real-world data sources, empowering DApps to access and leverage accurate information securely. The GORA token serves as a key component, facilitating seamless data exchange and incentivizing participants within the ecosystem.
The GORA token is designed such that it allows the holder to take part in important decisions, stake in Goracle, take part as a node runner, pay for data and computation as a consumer, and obtain value from the network effects of increasing the usage of Goracle.
GORA token utility
The GORA token has been designed to encourage holders to engage with the platform. For example, GORA holders can take part in important decisions, stake in Goracle, contribute as a node runner, pay for data and computation as a consumer, and obtain value from the network effects of increasing the usage of Goracle.
In terms of the purchase of data and computational power, customers use GORA to buy services such as:
- Arbitrary data (e.g., a 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 participates in consensus, they are rewarded in GORA.
Delegating votes: Community members who don’t want to run nodes may still delegate their tokens to staking providers such as Validatrium, one of many partners. The Goracle system has built-in support for delegating votes without handing 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.
The GORA IDO overview
On Wednesday, June 28 at 10:00 am UTC, the GORA token IDO will commence on the following launchpads:
- Tokensoft — a well-known IDO platform with successful project launches such as The Graph, Tezos and Hedara Hashgraph. Connect a wallet to the website to enter the public sale here.
- For more info on how to buy GORA in the IDO, check here.
$GORA token FAQ
- Public sale token price — $0.45
- Initial circulating supply (TGE) — 1,292,500
- Initial market cap (TGE) — $581,625
Please note that the information provided in this article is subject to potential changes, as Goracle is currently undergoing a tokenomics audit. This comprehensive audit involves a meticulous review of Goracle’s Tokenomics model. Once the audit is completed, users will be able to access the report for further details here. The information shared here does not constitute financial advice.
As the GORA IDO token launch day of June 28 arrives, Goracle stands at the precipice of a new era. With enthusiasm and determination, the firm is inviting investors, enthusiasts and the wider community to join it on this transformative journey. Goracle envisions a future where its project plays a pivotal role in shaping industries, driving innovation and making a positive impact on a global scale. Additionally, its team is proud to have renowned advisors who bring invaluable insights and guidance, propelling Goracle toward achieving its vision.
The Goracle network, a cutting-edge oracle solution, is set to revolutionize the oracle space by offering a scalable and trustless oracle solution designed to provide real-world data to smart contracts on various blockchain platforms. With its Mainnet launch on July 5, 2023, Goracle is committed to delivering secure and reliable data feeds to enable seamless integration between on-chain and off-chain systems.
For more information about Goracle, visit its Linktree.