Automata (ATA) coming to Binance Launchpool

Tue 01 Jun 2021 ▪ 14h45 ▪ 3 min read — by Rudy Bauer

Around a month ago, Alien Worlds (TLM) came to an end on Binance Launchpool. In a market wrought with FUD, holders of Binance Coin (BNB) were eagerly waiting for the announcement of a new Launchpad or Launchpool to provide them with some respite. Will Automata (ATA) be up to the challenge?

Start the month right

After May’s bloodbath, Binance CEO Changpeng Zhao is offering us the chance to start June off in the right way.

For this Launchpool, the 20th so far, you will be able to deposit your Binance Coin, Binance USD (BUSD) and Polkadot (DOT) and reap the rewards from 01:00  BST.

The farming will continue for 30 days, with the token’s listing to take place on 7th June at 07:00 BST in the innovation zone. The available pairs are ATA/BTC, ATA/BNB, ATA/BUSD and ATA/USDT.

For the curious, see below for further details about this Launchpool and the allocation of rewards.

ATA Launchpool Details:

  • Token Name: Automata (ATA)
  • Maximum token supply: 1,000,000,000 ATA
  • Launchpool token rewards: 40,000,000 ATA (4% of maximum token supply)
  • Initial Circulating Supply: 172,252,000 ATA (17.2% of maximum token supply)
  • Smart Contract Address: ATA (ERC-20); ATA (BEP-20)
  • Staking Terms: No upper limit. No KYC required

What is Automata (ATA)?

Automata is a decentralised network allowing users to add anonymity to decentralised apps on the blockchain. This enables anonymous voting, for example. The project also promises to implement a solution that avoids ‘front-running attacks’ (the malicious act of adding a transaction to the queue with inside knowledge about a future transaction).

Therefore, as you might imagine, the ATA token makes it possible to participate in governance. It also rewards miners and pays fees for using the protocol.

If you would like to know more about the project, it is as easy as taking a look at Automata’s website. For those who are feeling particularly brave, the project’s white paper is also freely available. Happy farming to all!

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Rudy Bauer

Photographe, Vidéaste, webdesigner et enfin rédacteur pour CoinTribune: l'image, le digital et la blockchain sont mon dada.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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