Binance has launched the 20th Launchpool, where users can get new token rewards by farm BNB, BUSD and other tokens. The newest project on Launchpool is Automata Network (ATA).

According to Binance, users will be able to stake their BNB, BUSD, and DOT into three separate pools to farm ATA tokens for 30 days, with farming starting June 2, 2021 at 07:00 AM. After that, the exchange will list ATA at 13:00 AM on June 7, 2021 with ATA/BTC, ATA/BNB, ATA/BUSD and ATA/USDT trading pairs.

What is Automata Network (ATA)?

Automata Network is a decentralized service protocol that provides a secure middleware layer for dApps on multiple blockchains. The protocol allows a number of use cases such as anonymous voting and Mining Miner Extractable Value (MEV) by leveraging the latest cryptography and privacy-preserving algorithms, along with a Trusted Execution Environment (TEE).

Automation middleware-like solution | Source: Automata Network

Automata Network is developing an MEV mitigation solution, Conveyor, that aims to create an inactivity zone ahead as it arranges transactions in a defined order. This makes it impossible for malicious actors to: (1) inject new transactions into the Conveyor output due to signature mismatches, or to (2) delete ordered transactions, as transactions are broadcast across the network .

Witness is Automata Network’s off-chain voting administration solution for voters who don’t want to reveal their identity while participating in governance with zero gas fees. Voters can also delegate their voting rights to other addresses. Witness also supports Ethereum, Binance Smart Chain, and Substrate-based EVM chains.

ATA is an Automata Network utility token that has the following existing and planned use cases:

Administration: ATA token holders can create and vote on proposals, platform features, and network parameters.

Mining Rewards: Miners and hosts earn ATA by running applications and performing transactions for users on the network.

Protocol fee: Users pay miners for storage and computational work tasks.

Geocode allocation: Users can link ATA to participate in geocode auctions (Geode).

The total supply of ATA is 1,000,000,000 and the circulating supply when listing on Binance will be 17.2%.

ATA token details:

Token Name: Automata (ATA)
Maximum supply: 1,000,000,000 ATA
Launchpool Reward: 40,000,000 ATA (4% supply)
Initial circulating supply: 172,252,000 ATA (17.2% supply)
Smart contract address: ATA (ERC-20), ATA (BEP-20)

Staking terms: No upper limit. No KYC required

Supported Pools:

Stake BNB: 28,000,000 ATA (70%)
Stake BUSD: 4,000,000 ATA (10%)
Stake DOT: 8,000,000 ATA (20%)

Farm time: 07:00 AM on June 2, 2021 to 06:59 AM on July 2, 2021.

Note: Only one pool can be staking at a time. Example: User A cannot staking the same BNB into two different pools at the same time, but can allocate 50% of their BNB to pool A and 50% to pool B.

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