What is Atocha Protocol

Article Summary, Automatically Generated By AI

Here is a summary of the text in HTML format:

Atocha Protocol Summary

Key Points

  • Atocha Protocol is a puzzle game blockchain built on Substrate and hosted on Octopus Network.
  • ATO is the native utility token used for fees, sponsoring, and governance votes.
  • Atocha tools enable creating, sponsoring, and challenging puzzles.

Numbers and Figures

  • $50,000: Octopus Star Prize grant
  • $50,000: Near Foundation grant
  • 80 million: ATO coins created at genesis
  • 15%: Additional supply issued each year
  • 66.

Introducing Atocha Protocol: Pioneering a New Era in Blockchain Interoperability

Introducing Atocha Protocol (ATO): A Revolutionary Blockchain Solution

Atocha Protocol is a specialized blockchain, built on Substrate and hosted on Octopus Network, a sidechain of Near Protocol. In essence, Atocha is a puzzle game-centric blockchain, designed to facilitate the creation, solving, and sponsorship of puzzle games. The protocol aspires to evolve into a global hub for puzzle games, capable of hosting a diverse array of engaging puzzle game DApps, including Word Puzzles, Number Games, Treasure Hunting, and Social Deduction Games. Founded by a team of passionate puzzle game enthusiasts, the project has garnered recognition, having won the prestigious Octopus Star Prize, accompanied by a $50,000 grant, and is also a proud recipient of a $50,000 grant from the Near Foundation.

The ATO token serves as the native utility token, facilitating a multitude of purposes, including:

  • Transaction processing and data storage fees.
  • Sponsorship and receipt of puzzle rewards.
  • Incentivizing good behavior through redeemable Atocha Points earned by creating and solving puzzles.
  • Utilized for governance votes, determining the allocation of network resources.

Atocha tools empower users with a range of functionalities, including:

Design a puzzle by submitting a title, description, and accompanying images and URL links, which are then immutably recorded on the blockchain. Sponsor a puzzle by locking ATO on a preferred puzzle game, allowing for the addition of text and URLs, thereby creating a versatile marketing tool. Engage with challenging puzzles that have disputable answers. Future developments include NFT minting, integrating puzzle mechanisms with multiple metaverses, and cross-chain treasure hunting.

The Circulating Supply of ATO Coins: A Closer Look

Atocha Protocol successfully launched its mainnet on May 27, 2022, with an initial supply of 80 million ATO coins created at genesis. To sustain the network, an additional 15% of the total supply is issued annually as epoch rewards. This allocation is divided into two primary categories: 66.7% is designated for the puzzle game community, accounting for 10% of the total supply, while 33.3% is allocated to Validators on the Octopus Network mainnet, representing 5% of the total supply. Notably, the community reward portion is subject to reduction based on community consensus.

The Visionary Co-Founders Behind Atocha Protocol

Atocha Protocol was founded by four visionary individuals, including Kev and Zad, seasoned Web2.0 veterans and puzzle aficionados; Kami, a seasoned blockchain developer; and Kim Zhao Wei, a community builder and marketing strategist. Notably, the development team has opted for transparency, revealing their identities, while the marketing team has chosen to maintain a public presence.

Acquiring Atocha Coin (ATO): A Comprehensive Guide to Purchasing Options

ATO is now accessible for trading on an increasingly extensive range of decentralized exchanges (DEX).

Introducing Ref Finance NearPad DEX: A Revolutionary Decentralized Exchange