What is Ares Protocol

Ares is a decentralized oracle solution, which realizes the on-chain and on-chain verification of oracle data. It provides secure and reliable data services for the interconnection and digital economy in the Web3.0 era. Under this agreement, all participants jointly maintain the security of the entire system for their own benefit.

As an open-source decentralized cross-chain oracle service protocol, Ares builds a decentralized data transaction ecosystem by introducing a token model and community governance. Data demanders can safely and effectively obtain off-chain data and allow high-quality Data providers to profit through on-chain governance and data transactions.

Ares conducts on-chain verification of the oracle data by introducing challengers and reputation committees and achieves the data’s finalization. Its principles are similar to the block production mechanism of Babe in Polkadot and Grandpa finalization, and it can be achieved through on-chain verification of data at a high level of safety.

Details

IDO (DuckStarter Launchpad): Apr 26, 2021 – Apr 26, 2021
IEO (Gate Launchpad): Apr 26, 2021 – Apr 26, 2021
Token supply: 1,000,000,000 ARES
Total tokens for sale: 7,300,000 ARES
Soft cap: 220,000 USD
Raised: 600,000 USD

Legal

Blockchain Platform: Polkadot
Country limitations: Afghanistan, Albania, Belarus, Bosniaand Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, North Korea, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.
Registration year: 2020