Automata (ATA) is a blockchain-based privacy middleware layer and high-performance compute protocol designed for Web 3.0 applications. More
| Fully Diluted Valuation | $48.96M |
|---|---|
| 24H Trading Volume | $8.65M |
| 24H Low / High | $0.05 / $ 0.05 |
| Circulating Supply | 587.79 M |
| Total Supply | 1.00 B |
| Max Supply | 1.00 B |
| Categories | Binance Launchpool 6 more |
|---|---|
| Founder | Zheng Leong Chua |
| Website | ata.network Whitepaper |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Polygonscan 5 more |
| Contracts |
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2 more
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| Name | Pair | OG Score |
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Automata has undergone a significant transformation into Automata 2.0, introducing a modular attestation layer for on-chain attestation in out-of-protocol computation. This upgrade, anchored by Proof of Machinehood, establishes a decentralized network of hardware attestations, aiming to enhance security and privacy across the Web3 stack.
Automata's Core Mission:
Automata, driven by its native token ATA, positions itself as a high-performance compute protocol for Web 3.0 applications. Focused on privacy-first, high assurance, and frictionless transactions, Automata aims to address challenges related to data ownership transparency, censorship, and personal privacy intrusion.
Key Products Overview:
Automata's product suite comprises a privacy-first cross-chain service plane, shielded and unbiased compute plane, elastic and scalable control plane, and a ledger plane. These components collectively contribute to an infrastructure designed to offer a seamless Web 3.0 experience.
Founders and Recognitions:
Established in 2019 by a team of blockchain developers and researchers, including former members of Zilliqa, Automata has garnered recognition through achievements such as the Web3 Grant (2020), participation in the Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021), and a speaking engagement at Polkadot Decoded Mainstage (2021). The project has secured investments from prominent entities like KR1, Alameda Research, IOSG Ventures, and more.
Distinctive Features:
Automata Network distinguishes itself by positioning as a privacy service for DeFi and Web3. Its privacy middleware offers solutions like Witness for anonymous voting and Conveyor for MEV minimization, catering to secure transactions, identity control, and developer support through open-source code and APIs.
ATA - Native Token Utility:
ATA, the native token, functions as a utility token within the protocol. It facilitates participation in the Proof-of-Stake consensus mechanism, serves as payment for gas fees, supports staking, enables governance voting, and is involved in geode auctions.
Operational Roles:
The Automata Network operates through various roles, including Geode, Geode Providers, Geode Attestors, Validators, Control Planes, Compute Planes, and Service Planes. These roles collectively contribute to the integrity, security, and functionality of the protocol.
Where to Acquire ATA:
ATA is actively traded on major Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs), including Binance, Gate.io, and KuCoin. The liquidity and price of ATA may vary across exchanges and market conditions.
Conclusion:
Automata 2.0 positions itself as a notable player in the Web3 landscape, emphasizing security and privacy enhancements. With a focus on innovative products and an active community, Automata aims to contribute to the evolving landscape of privacy and high-performance computing in the Web3 era.
Automata 2.0 introduces a modular attestation layer with on-chain attestation for out-of-protocol computation, creating an unbroken chain of trust throughout the Web3 stack. Its privacy middleware offers solutions like Witness for anonymous voting and Conveyor for MEV minimization, catering to secure transactions, identity control, and developer support.
Automata was founded in 2019 by a team of blockchain developers and researchers, including Zheng Leong Chua, who holds a Ph.D. in computer science from the National University of Singapore, and Deli Gong, a former infrastructure lead at Zilliqa.
Automata has secured investments from prominent names like KR1, Alameda Research (founded by FTX CEO Sam Bankman-Fried), IOSG Ventures, Divergence Capital, Genesis Block Ventures, and Jump Trading.
You can buy Automata (ATA) on Binance, Gate.io, KuCoin, BingXPionex cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Automata ATA. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Automata (ATA) is ($587,792,028), max supply of Automata ATA is ($1,000,000,000) and the market cap of Automata ATA is ($28,776,842).
What is the Automata (ATA) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Automata (ATA) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Automata (ATA) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Automata ATA) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Automata (ATA) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Automata (ATA) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
