Altcoins Talks - Cryptocurrency Forum
Learning & News => Announcements [ANN] => Topic started by: hegaleda on October 14, 2021, 05:50:19 AM
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what is ATM?:
With our new smart contract, the Consensus Connection, you can lock the value of supported cryptocurrencies for a specified time with another user. To get out of the lock you need the private keys of both parties, rather than one (or to wait until the end of the contract!). This should encourage people to hold currency, as the decision of two is needed rather than one - improving stability.
As consensus connections between users are continuously established a huge relative consensus network is formed. This is what we believe will be the ATM community.
Then, using our ATMRank algorithm that is based on Google's PageRank, we calculate each user's influence in the network by evaluating the consensus connection they have made with other users based on parameters such as the value locked, the length of time locked and the currency that was used. Rewards are then proportionately distributed based on that users influence ranking!
Furthermore, we are working on a wormhole contract that will allow crosschain consensus connections to be formed, essentially creating a relative consensus network that encompasses the entire cryptocurrency ecosystem.
ATM will also be community governed. Community members will be able make proposals and also vote on them by making use of the governance token LUCA (that is given as a reward for making connections!). Through this decentralized mechanism, the ATM project will grow in the direction that the community decides.
TL;DR - New project aiming to improve crypto stability, distribute staking rewards and establish a crosschain community that is governed using a decentralized voting mechanism.
Find more information on the website: https://atmrank.com
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Is there any whitepaper available ? I've checked your webpage and sadly did not find it. Or any technical documentation of your project. Definitely a "search" button might solve the situation.
I see that your project offer rewards for running nodes. Is it possible to tell how much will be rewarded?