Automata Network
Crypto Overview
Project Overview
Automata Network is a decentralized service protocol that provides privacy middleware for Web3 applications. The project aims to offer privacy-preserving solutions for dApps and create a fair and efficient cryptocurrency ecosystem through its middleware services.
Intended Utility
The ATA token serves multiple purposes within the Automata ecosystem: It is used for governance voting, staking to secure the network, and as payment for privacy services provided by the protocol. The token enables users to participate in the network's decision-making and access its privacy-enhancing features.
Actual Implementation and Usage
The project has demonstrated real utility through partnerships with notable blockchain projects and the implementation of its privacy solutions. Key products include Witness (anti-front-running solution), Conveyor (MEV protection), and 2FA Guru (decentralized authentication). The development team maintains regular updates and improvements to the protocol.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation: 30% for ecosystem development, 25% for team and advisors (with vesting periods), 15% for private sale, 15% for public sale, and 15% for community incentives. The vesting schedule for team tokens extends over 24 months, indicating a long-term commitment.
Technical Implementation
The project maintains active GitHub repositories with regular commits and updates. The technology stack focuses on privacy-preserving computation and middleware services, with clear documentation and technical specifications available publicly.
Revenue Model
The protocol generates revenue through service fees for its privacy solutions, which are paid in ATA tokens. This model does not involve interest-bearing mechanisms or prohibited activities under Islamic law.
Crypto Impact
To assign a comfort level investing in Automata Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Automata Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.