Nearly 1 month ago, TLM’s Launchpool ended on Binance. In a market plagued by doubt, BNB holders eagerly awaited the announcement of a new Launchpad or Launchpool to (perhaps) save them from the turmoil. Will Automata (ATA) be up to the task ?
A new Launchpool to start the month off right
After this bloody month that was May, CZ, the CEO of the yellow and black dragon exchange invites us to start the month of June calmly.
Indeed for this twentieth Launchpool project, you can deposit your BNB, your BUSD and your DOT and receive rewards from tomorrow 2am French time.
Farming will continue for 30 days and the token listing will take place on June 7 at 8 a.m., French time in the innovation zone. The available pairs are ATA / BTC, ATA / BNB, ATA / BUSD and ATA / USDT.
For the more curious, here is the information on this Launchpool as well as the distribution of rewards.
- Token name: Automata (ATA)
- Total supply: 1,000,000,000 ATA
- Tokens allocated to Launchpool: 40,000,000 ATA (4% of total supply)
- Initial Circulating Supply: 172,252,000 ATA (17.2% of total supply)
- Smart contract addresses: ATA (ERC-20); ATA (BEP-20)
- Rules: No deposit limit, no KYC
What is Automata (ATA)?
Automata is a decentralized network allowing to add anonymity to blockchain DApps. Thus, anonymous voting will be possible, for example. The project also promises to put in place a solution to avoid front running (that a person knowingly carries out their transaction before yours to generate a profit / benefit).
As you can imagine, the ATA token allows you to participate in governance, but also to reward miners and pay the fees to use the protocol.
If you want to know more about the project, the easiest way is to go to its website or read its entire whitepaper. Happy farming everyone!
President and Co-Founder of MinedHack and fervent defender of Blockchain since 2017, I am aware that without an explanation and vision of the industry its adoption will never take place. I hope as a Reporter and Editor of CoinTribune to help with this mission.
The comments and opinions expressed in this article are those of the author alone, and should not be considered as investment advice. Do your own research before making any investment decisions.