#SUPRA #SUPRA What is the next step for Supra, and what role will $SUPRA play in the ecosystem?


Our Project Blast Off (PBO) airdrop 'Learn and Earn' program has been running for over a year, with 512,000 participants verified through KYC. The program educates our community through gamified tasks, ensuring that each participant is a verified individual, not a bot, with a limit of 30,000 to 50,000 participants per country.
Looking ahead, we will launch Project Blast Off v2, focusing not only on Supra's technology but also on the applications deployed on Supra. This platform, with 500,000 verified users, enables us to provide strong marketing campaigns for new applications, which may include airdrops. Our goal is to launch a new application every week, providing specific tasks for our audience and creating a virtuous cycle of growth and engagement.
The $SUPRA token has multiple uses within the ecosystem. It is used for paying for economic security (staking), gas fees, as well as accessing various services such as oracles, cross-chain communication, and automation. Although we are committed to minimizing costs, including initially providing oracles and VRF services for free, any future activated fees will be paid with $SUPRA tokens. This token unifies payment for all services, including price data, cross-chain communication, and verifiable randomness.
Currently, we offer services to 80 different ecosystems free of charge. Even if competitors introduce fees, we plan to keep our services free for a period of time, supported by block rewards from our Layer1. In short, $SUPRA tokens will have broad usability in various computing services, not just Layer1 consensus, making it one of the most universal tokens in the ecosystem. What are the projects and dApps built around Supra currently?
We have signed 155 memorandums of understanding (MOUs) with multiple projects from different ecosystems, which are willing to participate in Supra. Many projects are particularly eager to participate in our upcoming Supra dApp competition. A Supra dApp refers to an application deployed on Supra, which utilizes multiple virtual machines, such as EVM and Move VM, as well as our oracle price data, cross-chain communication, or on-chain randomness functions. By leveraging two or more services, these dApps can build functionalities that cannot be achieved elsewhere.
For example, we are in negotiations with several decentralized exchanges (DEXs), including perpetual contract DEXs. They are interested in Supra because we provide on-chain oracle price data, ensuring low latency and high throughput. In addition, we also provide an automated network - a decentralized 'if this, then that' protocol - that allows node operators to deterministically execute various transactions based on factors such as time and asset prices.
This automated network can provide new revenue models for dApps. For example, in a liquidation scenario, 1% of the typical liquidation fee is allocated to the trigger of the liquidation. However, through Supra's automated network, this process can be automated, achieving revenue distribution: 70% to the dApp, 20% to the node operator, and 10% to the decentralized treasury. This setup allows applications to capture revenue streams that are not available on other blockchains. What is Supra's long-term vision and goal?
Our long-term vision is a fully vertically integrated blockchain ecosystem that supports multiple VM environments, native oracle price data, cross-chain communication, automation, and on-chain randomness - all under a shared security network. We believe that this setup can enable new use cases and represents the ultimate goal of blockchain technology.
The concept we are pioneering is containerization, similar to Layer2 subnets or application chains, but directly on Supra's Layer1. This approach allows projects to set their own rules and tokens, while benefiting from shared security and efficient parallel execution strategies.
Our goal is to continuously improve our infrastructure. For example, despite the high efficiency of Moonshot, we are exploring Selfish DAG, which may provide better performance, especially when we expand to more than 200 nodes. We are committed to testing and adopting the best available technologies to ensure that our network can support a large number of nodes with high decentralization and security.
Ultimately, work will never end. We will continuously research, test, and upgrade our protocols to maintain and enhance the capabilities of our network. This relentless pursuit of excellence ensures that Supra remains at the forefront of blockchain innovation.
SUPRA7.23%
BLAST4.15%
GAS1.7%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
Useru176646vip
· 2024-12-17 07:54
All in All in 🙌
View OriginalReply0
HeyHeyvip
· 2024-12-17 03:09
🐮
Reply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)