Themis Oracle is an intermediary for the internet and blockchain and serves to process data. Smart contracts can connect to off-chain data and systems to implement data interactions between the blockchain world and the real world.
Contents:
Description of the Themis Oracle project
Themis-Protocol contains a data provider, identity verification, attack algorithm prevention, verifiable random VRF, arbitration protocol and other modules that can direct all participants to provide reliable data through the mining mechanism, as well as a reward and punishment mechanism.
Features of the project:
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Data provider |
Mainly responsible for providing various data such as the verifiable random number and the price of assets on the chain. If unreliable data is provided, the token will be confiscated. |
|
Data verifier |
They are primarily responsible for providing various data to suppliers for verification and interrogation, as well as providing new data. |
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Arbitration Hub |
Conducts arbitration and forms the final results on the issue, proposed by the data. |
MIS, the native token of Oracle's Themis, can be used as asset collateral and incentives for data providers and verifiers to provide and validate data across the ecosystem. It is also an asset, paid for by external data subscribers when receiving Themis data. The total MIS amount is 1 billion, of which 100 million will be used for early project promotion and exchange for data providers and validators to provide and validate data.
The remaining 900 million will be produced through mining, of which:
- 75% will reward data providers and validators directly;
- 10% reward developers;
- 5% goes to arbitrage fees and environmental incentives.
It is expected that 10% will be used for preliminary project promotion. The remaining 90% comes from mining, with 75% awarded directly to data providers, 10% to developers and 5% for arbitrage nodes and environmental incentive.
How to work with a project?
Install the latest version of Chrome browser first. Download the metamask browser plugin and backup private key, mnemonic words and other information. After installing the metamask, users can create the next page through the platform's official website. Next, users need to log in and authorize DAPP and metamask.
Before placing bets, users must secure a sufficient amount of MIS and ETH in their metamask account. After selecting the metamask account, the page will automatically display the remaining MIS balance. After successful authorization of metamask, pop-up notifications on the desktop will be configured. Select the rate button to enter the amount of the deposit and other relevant information and press confirm.
Additional information
The site has a White Paper. With its help, you can study the features of the project in more detail. Also, the developers provide a small description on the main page.
If you want to stay up to date with all innovations, subscribe to the community on these social networks:
- twitter;
- telegram;
- blog.
You can also leave your e-mail address on the site to receive a newsletter with project news. The smart contract has not been audited.