Automata Network Price

Automata Network is a decentralized service protocol that provides privacy middleware for dApps across multiple blockchains.

The protocol enables multiple uses such as anonymous voting and miner extractable value (MEV) minimization by leveraging the latest cryptography and privacy-preserving algorithms and hardware-based trust.

ATA is the native utility token of the Automata Network and includes the following live and planned use cases:

Governance: ATA token holders can control platform functions and network parameters Create proposals and vote on them.

Mining Rewards: Compute and storage miners earn ATA tokens by running applications and performing tasks for users on the network.

Protocol Fee: Users pay miners for storage and computing tasks.

Geode allocation: Users can bind ATA tokens to participate in Geode auctions.

Witness is Automata Network's off-chain voting governance solution for users who do not wish to reveal their identities when participating in governance. In addition to supporting Ethereum, Binance Smart Chain, and other substrate-based EVM-compatible chains, Witness offers the following features:

Zero Gas Fees: Voting is done off-chain, so there are no gas fees.

On-chain execution: Based on the voting results, on-chain contracts registered during the proposal creation process can be triggered.

Privacy: Users can adjust and choose between different privacy levels from public to private (at privacy level, only voting results will be published, user identity and vote count will remain hidden).

Delegate: Users can delegate their voting rights to another address.

Automata Network is developing Conveyor, an MEV minimization solution that aims to create a no-front-running zone when transactions are ingested and output in a deterministic order. The service makes it impossible for malicious actors to: (1) input new transactions into the teleporter output due to signature mismatches. (2) Remove in-order transactions, as transactions are broadcast across the network.