Atleta is to the sports industry what Ethereum is to decentralized finance. ⚽

Dive into the world of @Atleta_Network, where blockchain meets sports, unlocking new possibilities for athletes, fans, and developers alike.

Ready to explore the future of sports tech? 👇

What is Atleta? 🤔

Atleta is a versatile, modular, and multi-layer blockchain network tailored specifically for the sports industry. ⚽

It harnesses the inherent strengths of blockchain technology—such as verifiability and auditability—to create an open, permissionless, censorship-resistant, and credibly neutral environment for developing and deploying decentralized applications. 🚀

Built using advanced Web3 technologies, including Substrate, the Atleta network is structured with several key features:

🔹 An execution layer (EVM) that utilizes a rust-based runtime compiled into WASM.

🔹 A multi-chain relay hub enabling cross-chain communication. 🌐

🔹 A distributed storage network for decentralized data storage. 📦

🔹 A node network comprising validators, block builders, and producers, as well as nominators, who help secure and validate the network. 🔐

Core Layers of Atleta

Atleta is composed of three primary layers, each serving a specific function within the network:

1. Execution Layer (ATLETA-EL): This is a Layer 1 platform compatible with the Ethereum Virtual Machine (EVM), designed for executing transactions and developing decentralized applications (dApps). ⚙

2. Interoperability (ATLETA-IO): This "Layer 0" feature enables cross-chain communication, allowing assets and messages to be transferred across different blockchains via a relay point. 🔄

3. Storage Layer (ATLETA-SL): A decentralized storage solution that supports various types of data, such as videos and text files. 🗂

The network will be implemented in three sequential phases—Execution, Interoperability, and Storage—ultimately creating a fully decentralized platform. Token holders of ATLA, the native token, will have the ability to influence the platform's development.

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Tokenomics of $ATLA 💰

The $ATLA coin has a maximum supply cap of 7.5 billion tokens. The allocation of these tokens is as follows:

🔸 Private Sale: 30% (2.25 billion)

🔸 Consensus: 20% (1.5 billion)

🔸 Team & Advisors: 12% (900 million)

🔸 Treasury: 18% (1.35 billion)

🔸 Incentives: 20% (1.5 billion)

TGE Distribution

The initial distribution of $ATLA tokens during the Token Generation Event (TGE) is divided into several categories:

Early Stage Validators: A total of 335 million $ATLA will be distributed to validators as rewards for their contributions during the devnet and testnet phases. 🏆

Treasury: Another 335 million $ATLA will be allocated to support network operations and provide insurance for liquidity providers and validators. 🛡

Incentives: 101.125 million $ATLA will be used to promote organic distribution through campaigns, open-source initiatives, and other subsidies. 🎁

Utilities of $ATLA 🛠

The $ATLA token is integral to the functioning of the Atleta blockchain, serving four primary purposes:

🔹 Unit of Account: All activities on the Atleta network are measured in $ATLA, which is required to execute transactions and utilize resources. 💼

🔹 Settlement: $ATLA is used to pay for transaction costs on the network, making it essential for participation. 💸

🔹 Consensus and Governance: By staking $ATLA, users can contribute to network security and participate in governance decisions through the ATLETAgov module. 🗳

🔹 Parachain Deployment: $ATLA tokens are required to secure slots for parachains, ensuring alignment with network security protocols. 🛡

$ATLA Burning Mechanism 🔥

Atleta employs a hybrid deflationary model with a fixed supply policy, incorporating a burning mechanism to reduce the circulating supply of $ATLA tokens. This process involves sending tokens to an unspendable address, effectively removing them from circulation. 🚫

The burning process will initially be managed manually through community governance, where stakers decide how to handle funds acquired through validator slashing or other sources. In later phases, an automatic burning model will be introduced, similar to Ethereum’s EIP-1559, where a portion of transaction fees will be burned automatically, further reducing the supply as network activity increases.

Staking on Atleta 💎

Staking on Atleta involves locking up $ATLA tokens in the protocol, which serves as the main collateral for the network’s security. This process not only aligns user behavior with the network’s goals but also discourages malicious actions, such as Sybil attacks. 🛡

Staking offers several benefits:

🔹 Participation in Consensus: Users can engage in the network’s decision-making process.

🔹 Economic Security: Staking enhances the network’s economic stability and security. 🏦

🔹 Earnings from $ATLA Emissions and Transaction Fees: Stakers receive rewards from token emissions and transaction fees. 💰

🔹 Support for Decentralization: By staking, users contribute to the decentralization and distribution of network control. 🌍

To bond or stake $ATLA tokens, users must meet specific parameters, including a minimum stake of 75,000 tokens and a bonding period of 72 hours. The bonding process is continuous and cannot be interrupted once it begins. 🕒

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Community and Social Media Presence

Atleta maintains an active presence on social media:

🔹 Telegram: With 90,610 subscribers, the channel offers daily updates on product developments and organizes AMAs. 🎤

🔹 X (formerly Twitter): The platform has 125.4K followers, where regular updates and community engagement are consistent with their Telegram activities. 🔄

This strong social media presence helps to keep the community informed and engaged with the ongoing developments within the Atleta ecosystem. 📢

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