Qicai Research Institute glimpses ADAMoracle's epoch-making wide-area node price feeding system

At 16:00 on August 10, Qicai Research Institute and ADAMoracle shared practical information in the Qicai Research Institute live broadcast room with the theme of "A Glimpse into ADAMoracle's Epoch-making Wide-Area Node Price Feeding System". Host: Qicai Research Institute Ice Cream, sharing guest: Ahmed Ebrahim.

The following content is provided by ADAMoracle and compiled and published by Qicai Research Institute.

Qicai Research Institute Ice Cream: Good afternoon, everyone. I am the host of today’s live broadcast. Thank you to all the friends from Qicai Research Institute for meeting us on time. Today we are honored to invite the founder and CEO of ADAMoracle: Ahmed Ebrahim to visit Qicai Research Institute. This AMA adopts the Chinese and English comparison mode. Let us enter today’s AMA theme event.

Q1. Caroline:Hello, Mr Ebrahim. Could you please introduce yourself so that our users can get to know you before we start?

Q1. Colorful Research Institute host Ice Cream: Hello, Ahmed Ebrahim, please introduce yourself so that everyone can get to know you?

A1. Ahmed Ebrahim:Hello, I am Ahmed Ebrahim, the Co-founder and CEO of ADAMoracle. I have got my MBA degree in international finance and investment. In 2018, I was awarded by the China Development Bank. I have successfully invested in multiple blockchain projects and still holds various encrypted assets.

Personally, I am very optimistic about the oracle. In 2020, I devoted myself to the research of the oracle for a long time, focusing on creating a new generation of oracle 3.0 product. Thank you.

A1. Guest: Hello everyone, I am Ahmed Ebrahim, founder and CEO of ADAMoracle. I have an MBA in international finance and investment, and have a deep understanding of financial planning, accounting, analysis and investment. I was awarded by the National Development Bank in 2018. I have successfully invested in multiple blockchain projects and still hold various crypto assets.

I am very optimistic about oracles. I have been engaged in long-term research and exploration of oracles since 2020, focusing on building a new generation of oracle 3.0 product ADAMoracle. Thank you.

Q2.Caroline: You focus on oracle research, what kind of project do you want to build ADAMoracle into?

Q2. Ice Cream, host of Qicai Research Institute: You focus on the field of oracle research, so what kind of project do you want to make ADAMoracle?

A2. Ahmed Ebrahim: The oracle is a product with a very wide range of application scenarios. According to my investigation, many large companies currently have their own oracles, such as Amazon, Tencent, and Alibaba. However, not every institution has the strength and funds to develop its own oracles. Especially in the emerging DeFi field, most startups do not have strong financial strength, but they have a rigid need for oracles.

ADAMoracle, as the first decentralized oracle that supports wide-area node quotation, it can meet the data needs of a large number of institutions and smart contract developers under the premise of ensuring the accuracy and credibility of data information.

The wide-area node pricing mechanism pioneered by ADAMoracle laboratory enables the oracle architecture to realize unbounded interstellar network computing. Its core function can connect thousands of diversified servers as price feed nodes for quotation, effectively constructing a safe and expandable oracle quotation system.

Our vision is not only the blockchain industry, but all companies that have a large demand for data and information. What we want to build is a "killer" oracle product.

A2. Guest: Oracle is a product with a wide range of application scenarios. According to my investigation, many large companies currently have their own oracles, such as Amazon, Tencent, Alibaba, etc. However, not every organization has the strength and funds to develop its own oracle. Especially in the emerging DeFi field, most startups do not have strong financial strength, but have a rigid demand for oracles.

As the first decentralized oracle that supports wide-area node price feeding, ADAMoracle can meet the data needs of a large number of institutions and smart contract developers while ensuring the accuracy and reliability of data information.

The wide-area node price feeding mechanism pioneered by ADAMoracle Labs enables the oracle architecture to achieve boundless interstellar network computing. Its core function can connect thousands of diversified servers as price feeding nodes for quoting, effectively building a secure and scalable oracle quotation system.

Our focus is not only on the blockchain industry, but all companies that have a large demand for data and information. We want to create a "killer" oracle product.

Q3.Caroline:There is also strong competition in the oracle field. What advantages do you think ADAMoracle has to survive in the industry?

Q3. Xue Gao, host of Qicai Research Institute: "Wide-area node price feeding" is a highlight of ADAMoracle oracle. What other advantages do you think ADAMoracle has that enable it to survive in the industry for a long time?

A3. Ahmed Ebrahim:Our advantages are as below:

Technical advantages

The ADAMoracle team is currently developing the core products of the oracle, developing and improving the oracle node mining mechanism, that includes the mining program implanted on the server side, block browsers, and designing storage power DAPP products (currently DAPP is almost ready to launch)

At the same time, ADAMoracle will realize cross-chain connection of ETH, Polygon, Polkadot, BSC and other public chains, open up the entire chain ecosystem, and realize the borderless transmission of data and information.

Economic advantage

ADAMoracle is a community-centric project. 60% of the ADAM share belongs to node mining output, investment institutions and project founding teams only occupy a relatively low proportion. This economic model makes ADAM more active, just like Bitcoin, with tenacious vitality.

Resource advantage

ADAMoracle focuses on the building of communities, and has successfully built a multi-platform community, including Telegram, Twitter, etc., with an overall community of more than 100,000+ users; in addition, ADAMoracle has received strategic investment from dozens of institutions, as well as hundreds of media and a large number of media. Traffic support from external communities.

There is no lack of competition in any field. ADAMoracle seeks long-term and stable development, based on the DeFi ecosystem, focusing on the transmission and mining of data information value, and providing accurate and complete oracle solutions for all data demanders.

A3. Guest: ADAMoracle has multiple advantages:

Technically, ADAMoracle is the first oracle overall solution that decentralizes both data sources and oracles. At the same time, in the future, ADAMoracle will achieve cross-chain connection with public chains such as ETH, Polygon, Polkadot, BSC, etc., open up the entire chain ecosystem, and realize borderless transmission of data information.

In the economic model, 60% of ADAM shares belong to node mining output, and investment institutions and project founding teams only account for a relatively low proportion. Such an economic model makes ADAM more active, just like Bitcoin, with tenacious vitality.

In terms of resource advantages, ADAMoracle focuses on building communities at home and abroad, and has successfully built multi-platform communities, including Telegram, Twitter, etc., with a total community user base of over 100,000. In addition, ADAMoracle has obtained dozens of machine

It has not only received strategic investment from media organizations, but also traffic support from hundreds of media outlets and a large number of external communities.

There will be no lack of competition in any field. ADAMoracle will seek long-term and stable development. It will be based on the DeFi ecosystem, focus on the transmission and mining of data information value, and provide accurate and complete oracle overall solutions for all data demanders.

Q4.Caroline: Now that we are talking about ADAM token rewards, I would like to ask a question that users are very concerned about, what is the economic model of the ADAMoracle oracle, and what role does ADAM play in the oracle ecosystem?

Q4. Mr. Xue Gao, host of Qicai Research Institute: You just mentioned the economic model, which is a question that users are very concerned about. What is the economic model of ADAM oracle? Can you elaborate on it? What role does ADAM play in the oracle ecosystem?

A4. Ahmed Ebrahim: ADAM is ADAMoracle's contribution reward token to participants. It is the value core of the ecosystem. Its value comes from the value contribution of ecosystem members. The total amount of ADAM issued is 100 million. The specific ADAM share allocation can refer to the following picture:

[Node mining] 60% of mining output, 60 million ADAMs are used for node mining rewards.

[Liquidity mining] 9%, 9 million. Used for liquidity mining and pledge mining.

[Early Financing] 16%, 16 million. There are three rounds: seed round, private sale round, and public sale round.

[Reward for community contributors] 5%, 5 million.

[Reserved by the team] 5%, 5 million.

[Community/Market Operation] 5%, 5 million.

ADAMoracle builds a node-centered and community-based decentralized governance ecosystem. In order to increase the loyalty of the node and optimize the operating efficiency of the oracle to the greatest extent, ADAMoracle will reward most of the ADAM to the node. In the ADAMoracle ecosystem, project parties and investment institutions play a leading role as early participants. With the development of the ADAMoracle, nodes and communities will become the core of the project.

A4. Guest: ADAM is a token that ADAMoracle rewards participants for their contributions. It is the core value of the ecosystem. Its value comes from the value contribution of ecosystem members. The total number of ADAMs issued is 100 million. For specific ADAM share distribution, please refer to the following picture:

[Node Mining] 60% of the mining output, 60 million ADAM, are used for node mining reward expenditures.

【Liquidity Mining】9%, 9 million coins, used for liquidity mining and single-coin staking mining.

[Early redemption] 16%, 16 million. Divided into three rounds: seed round, private round, and public round.

【Community Contributor Reward】5%, 5 million.

【Team reserved】5%, 5 million.

【Community/Marketing Operation】5%, 5 million.

ADAMoracle oracle has built a node-centered, community-assisted decentralized governance ecosystem based on the ADAM economic model. In order to improve the loyalty of nodes and optimize the operating efficiency of the oracle to the greatest extent, ADAMoracle will give the vast majority of ADAM shares to nodes. In the ADAMoracle ecosystem, project parties and investment institutions play a leading role as early participants. As the ADAMoracle oracle grows and develops, nodes and communities will become the core of the project and achieve true co-governance.

Q5. Caroline: The advantages you mentioned are indeed very attractive, the price information of the oracle is too important. Any deviation in the transmission data or attack by the oracle will bring huge losses. How does ADAMoracle guarantee the price data safe and accurate?

Q5. Ice Cream, host of Qicai Research Institute: The advantages you mentioned are indeed very attractive, but the oracle price feed information is too important. Any deviation in the transmitted data or an oracle attack will cause huge losses to the project party and investors. How does ADAMoracle ensure the security and accuracy of the price feed data?

A5. Ahmed Ebrahim: In order to improve the overall safety performance of the oracle, ADAMoracle has established a comprehensive risk control mechanism. This can be intuitively felt in the whole process from the user initiating a data request to getting the price data.

When the user initiates a data request, ADAMoracle will start intelligent calculations to carry out large-scale data screening and calculation. The first step is to screen out a batch of best matching nodes and deliver message requests; the nodes that receive the request will then be sent from the exchange or In the Internet of Things, data is obtained and transmitted to the secure background of the ADAMoracle; ADAMoracle selects the most accurate node with the most accurate price data through the aggregation contract, so that it can complete the quotation service.

In addition to escorting the oracle intelligent computing system throughout the entire process, ADAMoracle also maximizes security in the architecture.

The first is the wide-area node quote mechanism. Through this mechanism, ADAMoracle network can accommodate thousands of nodes for quotation services. The more nodes there are, the higher the cost of nodes colluding to commit evil or attacking the oracle system.

Secondly, becoming an node needs to measure the security of the node server, storage space and computing ability. This is the first step to ensure the overall security of the oracle network; secondly, through the "Server-X" (server monitoring plug-in) data monitoring, ADAMoracle will advance the star rating from the historical price feed service of the nodes, the number of votes, the wind evaluation and the credit investigation, etc., and the inferior nodes will be eliminated from time to time, and the overall performance of the ADAMoracle will continue to be improved.

A5. Guest: In order to improve the overall security performance of the oracle, ADAMoracle has established a comprehensive risk control model. We can get an intuitive feeling of this from the entire process from the user initiating a data request to obtaining the price feed data.

When a user initiates a data request, ADAMoracle will start intelligent computing and perform large-scale data screening and calculation. The first step is to screen out a group of the most matching nodes and pass the message request; the nodes receiving the request then obtain the data from the exchange or the Internet of Things and transmit it to the secure background of ADAMoracle; ADAMoracle selects the node with the most accurate price feed data through the aggregation contract to complete the price feed service.

In addition to the oracle intelligent computing system providing full protection throughout the process, ADAMoracle has also maximized security in the architecture.

The first is the wide-area node price feeding mechanism, through which the ADAMoracle oracle network can accommodate thousands of nodes for price feeding services. The more nodes there are, the higher the cost for the nodes to collude to do evil or attack the oracle system.

Secondly, to become an ADAMoracle oracle node, one needs to measure the node server security, storage space and computing power, which is the first step to ensure the overall security of the oracle network; thirdly, through "Server-X" (server monitoring plug-in) data monitoring, ADAMoracle will conduct star rating based on the node's historical price feeding service, number of votes, reputation and credit, and regularly eliminate inferior nodes to continuously improve the overall performance of the ADAMoracle oracle.

Q6.Caroline:The ADAMoracle token has not yet been launched. What is the official plan? Is there any progress or plan for the current project?

Q6. Qicai Research Institute host Xuegao: ADAMoracle oracle token has not been launched yet, what is the official plan? What progress or plans are there for the project?

A6. Ahmed Ebrahim: ADAMoracle is a product that can run on multiple chains. ADAMoracle will technically realize cross-chain in public chain networks such as the Ethereum ETH network, Polkadot, Polygon and BSC smart chain. Then, the specific chain on which ADAMoracle will be launched and deployed for the first time in the future needs to be announced according to the development pace and market conditions.

At present, the ADAMoracle is in the preparatory period, and is currently undergoing technical improvement and market expansion.

Technically, the ADAMoracle project is developing and improving the oracle node mining mechanism; developing a mining program implanted on the server side; developing a block explorer, statistical ADAM output, etc.; developing a node computing power product DAPP.

In the market, the ADAMoracl project is vigorously looking for ecological partners. At present, it has reached cooperation with many projects and institutions. The total computing power of nodes joining the ADAMoracle oracle ecosystem has reached 100P; overseas core community users 22,000+, China, Vietnam, Spain, Japan The community has a total of 10,000+ users. For other developments, you can follow the official account of the ADAMoracle, and we will continue to announce the latest developments.

A6. Guest: ADAMoracle oracle is a product that can run on multiple chains. The specific chain on which ADAMoracle’s mainnet will be launched and deployed for the first time will need to be announced based on the development rhythm and market conditions.

Currently, ADAMoracle is in the preparation stage and is currently undergoing technical improvement and market expansion.

Technically, the ADAMoracle project is developing and improving the oracle node mining mechanism; developing mining programs implanted in the server side; developing block browsers to count ADAM output, etc.; and developing node computing power products DAPP.

In the market, the ADAMoracle project is actively looking for ecological partners. It has reached cooperation with many projects and institutions. The total computing power of nodes joining the ADAMoracle oracle ecosystem has reached 100P; there are more than 22,000 users in the overseas core community, and more than 10,000 users in the Chinese, Vietnamese, Spanish, and Japanese communities. For other progress, you can follow the official account of the ADAMoracle oracle, and we will continue to announce the latest developments.

Ice Cream, host of the Colorful Research Institute: Okay, thank you very much Ahmed Ebrahim for your wonderful sharing. We have a new understanding of ADAMoracle. If you have any questions about ADAMoracle, you can ask your questions in the free question session. The guests will randomly select questions to answer.

Q1:What is the revenue model? What are the benefits for token holders?

A1:Node mining 60% of mining output, 60 million ADAMs are used for node mining rewards. ADAMoracle oracle machine builds a node-centered and community-based decentralized governance ecosystem. In order to increase the loyalty of the node and optimize the operating efficiency of the oracle to the greatest extent, ADAMoracle will reward most of the ADAM to the node. In the ADAMoracle ecosystem, project parties and investment institutions play a leading role as early participants. With the development of the ADAMoracle, nodes and communities will become the core of the project.

Q2:How to guarantee the security of our data and information?

A2:ADAMoracle oracle machine is a product that can run on multiple chains. ADAMoracle will technically realize cross-chain in public chain networks such as the Ethereum ETH network, Polkadot, Polygon and BSC smart chain. Then, the specific chain on which ADAMoracle will be launched and deployed for the first time in the future needs to be announced according to the development pace and market conditions.

Qicai Research Institute host Xue Gao: Due to time constraints, this AMA is about to end. We will continue to share more project information in the group. Thank you Ahmed Ebrahim for the wonderful speech he brought to Qicai users today. I look forward to the project meeting us soon, and I also look forward to being a guest in the Qicai community again.

This event is co-organized by Qicai Research Institute and ADAMoracle.

With strategic support from multiple media outlets, thank you to all my colleagues for your support. See you in the next episode in the Qicai Research Institute’s live studio.