What is Charli3 | What is Charli3 token
In this article, we’ll discuss information about the Charli3 project and Charli3 token
Oracles are programs that connect real world off-chain data to on-chain applications. A great example of this is Chainlink on the Ethereum Network. While Chainlink is blockchain agnostic, its native chain of Ethereum has recently had issues with scaling and high transaction fees. One of the strongest upcoming competitors to Ethereum is Cardano. Existing protocols that have been proven on Ethereum are migrating, and looking to replicate success on Cardano.
Meet:
Charli3 is the first decentralized oracle being built on Cardano. This allows Charli3 to have all the benefits of existing successful oracle protocols, while having the flexibility of a much more agile blockchain backbone.
System proven features of Charli3 include:
- Multi-oracle node consensus
- Forced node staking, utilizing the native token
- Multiple redundant oracle networks
- A trustless network of systems to prevent Sybil attacks
- Aggressive node reputation and validation
Additional attacks that Charli3 protects against include
- Breach of on-chain confidentiality
- Freeloading attacks
- Majority attacks
- Mirror attacks
As more and more projects begin to flock to the Cardano ecosystem, we anticipate that for their off chain data and API needs, they will “ask Charli3”.
How Charli3 works
Data pulled from APIs, hashed on-chain and available to protocols as data streams
Our Features
- Insured Node Consensus
- Aggressive Node Reputations
- Trustless Data Feed Network
- Easily accesible for ADA based projects
There are plenty of decentralized oracles that are blockchain agnostic, why is Charli3 needed?
While many decentralized oracles are blockchain agnostic, there is still a lag and barrier to entry between oracles interacting with chains they are not native to. For example; Decentralized oracle X has an excellent network on Ethereum’s blockchain, and interacts with Ethereum based projects. However, when trying to interact with Cardano, there is an additional barrier to both integration and adoption.
Charli3 finds a niche within the Cardano ecosystem. By being native to Cardano’s blockchain, it will have the lowest barrier to entry for functioning as the standard decentralized oracle of all Cardano based projects. The added benefit of being on Cardano’s blockchain includes agility of the network, and being in a low transaction fee environment. While these advantages may seem subtle, the growth of any decentralized oracle relies on it’s adoption. Charli3 will be the clear choice for any project building on the Cardano Blockchain.
Roadmap
Q2 2021:
- ERC-20 Launch/IDO
- Bootstrap Marketing Campaign
- Ethereum TGE
- Prepare ADA based Test Net
Q3 2021:
- dAPI Inspired Hackathon Event
- Leverage launchpad network for Cardano integration partners
- Expand network of external adapters
- Migrate to ADA
- ADA code audit
Q4 2021:
- Solidify niche in the Cardano ecosystem
- Node validation
- Expand technical capabilities to include node staking
Reand more : What is CardStarter (CARDS) | What is CardStarter token | What is CARDS token
How and Where to Buy Charli3 token?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
After the deposit is confirmed you may then purchase Charli3 from the exchange: …
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once Charli3 gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
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☞ https://www.bitfinex.com
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☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information Charli3
☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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