There's an all-around bullish sentiment towards @atorprotocol in the crypto community.
Despite this, there are still many, yet to fully grasp #Ator's true potential and the unique trading opportunities it offers.
Let's explore $ATOR further, and its optimistic #100x outlook. 🧵
The thread will cover the following:
1/ Introduction 2/ ATOR Protocol incentivizes The Onion Router (Tor). 3/ $ATOR Protocol as a Solution to TOR 4/ Tokenomics of ATOR Token 5/ Roadmap of ATOR Protocol
Let's dive in 👇
❐ Prepare to have your online browsing experience transformed like never before.
$ATOR is here to revolutionise the way you surf the web by providing an unparalleled blend of security, interactivity, and rewards.
Imagine a world where your every online move is shrouded in complete anonymity, where your digital footprint remains hidden from prying eyes.
$ATOR turns this dream into a stunning reality by harnessing the power of cutting-edge on-chain incentives for Tor.
But hold on tight, because $ATOR's ambitions soar even higher.
The team behind this groundbreaking endeavour is fuelled by an unrelenting drive to ensure the widespread adoption of secure network relay protocols.
They're not just content with revolutionizing internet anonymity, they're dedicated to reshaping the very fabric of online security.
❐ ATOR Protocol incentivizes The Onion Router (Tor).
It integrates on-chain incentives and offers products to promote the adoption of secure network relay protocols.
ATOR Protocol aims to enhance the Tor network by introducing a unique incentivisation mechanism through the blockchain and ATOR cryptocurrency.
This recognition system will reward Tor contributors in an anonymous and fair manner.
The protocol plans to achieve this by incentivising existing relays and introducing new ones through hardware offerings.
ATOR Protocol is currently in its initial development stage, focusing on two primary objectives.
Firstly, it aims to establish ATOR-specific hidden services that will be exchanged for ATOR to fund the ongoing recognition rewards.
Secondly, ATOR intends to create additional hardware utilising LoRa.
It will enable users to route their requests through an independent network.
However, ATOR’s approach is evolutionary rather than revolutionary, adding value at every stage and enhancing existing protocols for maximum impact.
❐ ATOR Protocol as a Solution to TOR
ATOR’s goal is to enhance the Tor network’s capacity by increasing the number of operational relays.
By implementing a Proof-of-Uptime mechanism, relays, including those powered by ATOR hardware, can earn ATOR tokens for encrypting and transmitting packets.
Additionally, the relay registration process is designed to ensure anonymity through delegation, which eliminates the need for gas and prevents IP exposure.
The aim is to establish end-to-end privacy for users of the Tor network.
❐ Tokenomics of ATOR Token
The total supply of ATOR tokens is capped at 100,000,000.
To ensure a fair distribution, 20% of the token supply undergoes a vesting period of two years.
Every week, new tokens are emitted and divided equally between the team and relay rewards.
The team utilizes their share of the tokens for outreach activities, spreading the word about the project and advancing its goals.
The other half of the emitted tokens serves as incentives for registered Tor relays, encouraging their active participation in the network.
To facilitate future developments and operations, 25% of the token supply is reserved in the contract.
This reserve is intended to support a post-launch taxation scheme, ensuring the project's long-term sustainability.
It's important to note that this taxation scheme does not affect end-users such as buyers and sellers on the automated market maker.
They are not subject to any additional taxes, allowing them to freely engage in trading activities.
Nevertheless, the contract does sell tokens based on a hypothetical sell tax concept.
This approach enables the project to raise additional funds for its continued growth and development without impacting the trading volume, or imposing burdensome taxes on users.
❐ Roadmap of $ATOR Protocol
In Phase 1, they plan to launch an ERC20 token to raise funds and incentivise initial Tor nodes.
Furthermore, they plan to release open-source code and instructional architecture for users to build their own Tor Routers.
In Phase 2, ATOR Protocol will release a dashboard to onboard existing Tor nodes into the ATOR incentive system and redistribute weekly vested token emissions to registered nodes through Proof-of-Uptime.
Regarding phase 3, they plan to release their own router and relay hardware and transition to longer-term token incentives through their own dedicated reward-variation algorithm or blockchain.
In Phase 4, they aim to release prototypes for LoRa routers to create a completely independent internet.
That's all folks If you enjoyed this thread:
1. Follow me @2xnmore for more educational content.
2. Also follow @atorprotocol Like +RT the thread, thanks.
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