About the project Exorde is a web3 protocol developed by Exorde Labs that allows developers to collect and link all publicly available data on the internet. The Exorde protocol receives publicly available information as input links: messages in social networks, articles in the press, photos, videos. These URLs are processed in a decentralized data pipeline, providing as output graphs that link all similar data and facts.

Token Economy The native token of the Exorde ecosystem is the utility token EXD. This multipurpose Utility Token will be used for Governance, Staking, and all value transfers inside the ecosystem. The token will be issued through a continuous token model, called a bonding curve. In this system, the current token price is mathematically related to the current token supply. The price will follow a quadratic growth function of the current supply. The Bonding Curve model is defined under a y = m∗x^e type of equation, with m being the slope and e the exponent of the curve.

Launching a token with a bonding curve system, implemented as a smart contract is a strong decision, as it is a perpetual market-making system. Once this contract is launched, users can buy or sell into the curve. Buying pushes the token price up along the curve, while selling pushes the token price down along the curve.

This modern distribution model provides many advantages. It includes being an automated and highly customizable market maker. It allows participants to buy and sell early while enjoying a liquid system. It gives early buyers an additional incentive to buy early (into the curve), creating a positive cascading dynamic over time. If a project has a solid foundation, its continuous improvement should create more demand, ultimately driving the price up the curve. We believe that it is important to allow for the token to derive its value from the real-world value created by the project, as it creates an economic feedback loop enabling a properly priced and sustainable system.

Utility Token The Exorde Protocol is managed by contributors around the world who participate economically or technically in the ecosystem. The Exorde Protocol is governed by EXD token holders.

The EXD token, based on the ERC-20 standard, is the native asset of the Exorde ecosystem. It is a utility token with multiple utilities:

1. Acts as the medium of exchange in the Exorde ecosystem to buy data indexing and analysis services, or to pay for API requests.

2. Used as rewards (economic incentives) for the participants in the Exorde Work Systems. Each system will reward the work done by its contributors, according to their quality, quantity, and reactiveness. The rewards amounts will be designed and adjusted often by the Exorde Governance to incentivize the most relevant, up-to-date & consistent work done by the Contributors.

3. Acts as voting rights during governance events: the amount of token a user holds determines his voting rights weight during Governance polling and votes. Note that Reputation also plays a role in determining a user’s voting rights in different voting events. Exorde’s Governance systems involve Protocol Votings and Pollings. The EXD holders govern the Protocol, its parameters (reward rates, rules, reputation system parameters, etc.), and its functionalities (they decide on updates, new smartcontract-based functionalities, etc.). The system is economically designed to align the economic interest of the EXD holders with the platform’s interests, to ensure its long-term stability, to keep its data relevant, and to guarantee maximal value creation by the ecosystem.

As there will be different types of decisions and different levels they apply to (technical decisions, global updates, big-picture type of decisions), The Governance will be structured in several committees, with a potential hierarchy in the decisionmaking, to make Exorde’s governance fluid, efficient and scalable while still keeping complexity as low as possible. The EXD token will be based on a token-bonding curve smart contract, acting as an automated market maker ensuring:

1. Reserve: the bonding-curve will always be fully reserved for traders to buy or sell into the curve, even right after launch

2. Economical independence from secondary markets (centralized exchanges, etc.) The long-term financial sustainability of the Exorde Platform will be guaranteed by two different token income streams:

3. Trading Exchange Fees: each sell order on the token-bonding curve will include a fee, applied to the transaction value.

4. Data Services market: any type of data service (data analysis requests, analysis requests, Exorde Graph exploration, etc) will include a fee, applied to the transaction value.

   These fees will be redistributed, via smart contracts, to finance the Exorde Ecosystem. They will be split between the Developer Fund and the Rewards Pool, ensuring both continuous development by Exorde Labs and the neutrality of the Work Systems by providing continuous economic incentives to its participants. The Exorde platform’s long-term economic sustainability is always ensured and scales with the growth of its community and the size of its data-based economy.

Discord: https://discord.gg/ExordeLabs Twitter: https://twitter.com/ExordeLabs Telegram: https://t.me/exordelabs Website: https://exorde.network/

#crypto #web3 #protocol #exorde $EXD

About the project Exorde is a web3 protocol developed by Exorde Labs that allows developers to collect and link all publicly available data on the internet. The Exorde protocol receives publicly available information as input links: messages in social networks, articles in the press, photos, videos. These URLs are processed in a decentralized data pipeline, providing as output graphs that link all similar data and facts.

Token Economy The native token of the Exorde ecosystem is the utility token EXD. This multipurpose Utility Token will be used for Governance, Staking, and all value transfers inside the ecosystem. The token will be issued through a continuous token model, called a bonding curve. In this system, the current token price is mathematically related to the current token supply. The price will follow a quadratic growth function of the current supply. The Bonding Curve model is defined under a y = m∗x^e type of equation, with m being the slope and e the exponent of the curve.

Launching a token with a bonding curve system, implemented as a smart contract is a strong decision, as it is a perpetual market-making system. Once this contract is launched, users can buy or sell into the curve. Buying pushes the token price up along the curve, while selling pushes the token price down along the curve.

This modern distribution model provides many advantages. It includes being an automated and highly customizable market maker. It allows participants to buy and sell early while enjoying a liquid system. It gives early buyers an additional incentive to buy early (into the curve), creating a positive cascading dynamic over time. If a project has a solid foundation, its continuous improvement should create more demand, ultimately driving the price up the curve. We believe that it is important to allow for the token to derive its value from the real-world value created by the project, as it creates an economic feedback loop enabling a properly priced and sustainable system.

Utility Token The Exorde Protocol is managed by contributors around the world who participate economically or technically in the ecosystem. The Exorde Protocol is governed by EXD token holders.

The EXD token, based on the ERC-20 standard, is the native asset of the Exorde ecosystem. It is a utility token with multiple utilities:

1. Acts as the medium of exchange in the Exorde ecosystem to buy data indexing and analysis services, or to pay for API requests.

2. Used as rewards (economic incentives) for the participants in the Exorde Work Systems. Each system will reward the work done by its contributors, according to their quality, quantity, and reactiveness. The rewards amounts will be designed and adjusted often by the Exorde Governance to incentivize the most relevant, up-to-date & consistent work done by the Contributors.

3. Acts as voting rights during governance events: the amount of token a user holds determines his voting rights weight during Governance polling and votes. Note that Reputation also plays a role in determining a user’s voting rights in different voting events. Exorde’s Governance systems involve Protocol Votings and Pollings. The EXD holders govern the Protocol, its parameters (reward rates, rules, reputation system parameters, etc.), and its functionalities (they decide on updates, new smartcontract-based functionalities, etc.). The system is economically designed to align the economic interest of the EXD holders with the platform’s interests, to ensure its long-term stability, to keep its data relevant, and to guarantee maximal value creation by the ecosystem.

As there will be different types of decisions and different levels they apply to (technical decisions, global updates, big-picture type of decisions), The Governance will be structured in several committees, with a potential hierarchy in the decisionmaking, to make Exorde’s governance fluid, efficient and scalable while still keeping complexity as low as possible. The EXD token will be based on a token-bonding curve smart contract, acting as an automated market maker ensuring:

1. Reserve: the bonding-curve will always be fully reserved for traders to buy or sell into the curve, even right after launch

2. Economical independence from secondary markets (centralized exchanges, etc.) The long-term financial sustainability of the Exorde Platform will be guaranteed by two different token income streams:

3. Trading Exchange Fees: each sell order on the token-bonding curve will include a fee, applied to the transaction value.

4. Data Services market: any type of data service (data analysis requests, analysis requests, Exorde Graph exploration, etc) will include a fee, applied to the transaction value.

   These fees will be redistributed, via smart contracts, to finance the Exorde Ecosystem. They will be split between the Developer Fund and the Rewards Pool, ensuring both continuous development by Exorde Labs and the neutrality of the Work Systems by providing continuous economic incentives to its participants. The Exorde platform’s long-term economic sustainability is always ensured and scales with the growth of its community and the size of its data-based economy.

Discord: https://discord.gg/ExordeLabs Twitter: https://twitter.com/ExordeLabs Telegram: https://t.me/exordelabs Website: https://exorde.network/

#crypto #web3 #protocol #exorde $EXD