What is SupraOracles? Here’s $SUPRA Token Tokenomics!

Bittime - SupraOracles is a project that offers fast, secure, and decentralized oracle solutions. There is also the $SUPRA token which is the native token of this project.

So, what are the advantages and tokenomics of the $SUPRA token? Read this article to find out more!  

What is SupraOracles and $SUPRA Token?

SupraOracles is a platform that provides intermediary services between DApps and smart contracts with data. 

Operating as Layer 1 on the BNB blockchain, SupraOracles provides the data necessary for smart contracts to function under external conditions. 

Meanwhile, the $SUPRA token acts as a means of payment for this service as well as a staking mechanism. Users who contribute to the security and integrity of the network will earn incentives through these tokens.

Read Also: SUPRA Airdrop from SupraOracles: How to Get Free $SUPRA Tokens!

Main Features of SupraOracles 

1. Data Aggregation: Collect data from various sources so that the information received is always accurate and up to date.

2. Cross-Chain Bridge: Facilitates the transfer of digital assets between blockchains so that the problem of liquidity fragmentation in the market can be overcome.

3. Hybrid Consensus Mechanism: Combining Proof of Stake (PoS) with Congress Network to achieve consensus between nodes, guaranteeing the validity of data submitted to smart contracts.

Advantages of SupraOracles 

Speed ​​is the main advantage of SupraOracles compared to other oracles. This project uses advanced technology that allows data to be sent in almost real-time.

In addition, SupraOracles also has a high level of scalability, which means a larger number of transactions can be handled without sacrificing system performance. 

This of course benefits users and developers who rely on fast and accurate data for their applications.

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Interoperability of SupraOracles 

SupraOracles supports interoperability between blockchain networks. This means that SupraOracles can be compatible with various DApps, from DeFi, GameFi, to NFT without compatibility problems. 

With the $SUPRA token as a facilitating tool in this interoperability, token holders can enjoy added value due to a wider range of token uses.

Benefits of SupraOracles 

For developers, SupraOracles provides fast and reliable oracles that enable the creation of more responsive and sophisticated applications. 

Meanwhile, the $SUPRA token provides incentives in the form of service discounts and staking opportunities for users. This token also offers investment opportunities as the adoption of SupraOracles increases in the blockchain ecosystem.

$SUPRA Token Tokenomics

SupraOracles has increased the total supply of $SUPRA tokens from 10 billion to 100 billion. This step was taken to meet the platform's operational needs, but will not reduce the relative value of token ownership by its holders. 

This decision aims to strengthen the economic sustainability of SupraOracles in the face of increasing demand in the future.

As the blockchain ecosystem continues to develop, the demand for fast, secure, and decentralized oracle solutions is predicted to increase. 

This certainly has a positive impact on the $SUPRA token, both in terms of demand and market value. With its huge potential, the $SUPRA token is an asset worth paying attention to.

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