We are pleased to announce our next AMA on December 21st 2021 at 01:00 PM UTC Time: Satoshi Club x SupraOracles
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join SupraOracles Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. SupraOracles Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about SupraOracles
For more details:
SupraOracles Website – supraoracles.com
SupraOracles Telegram – @SupraOracles
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
SupraOracles – I understand the problem of Blockchain is not obvious to those outside of the blockchain industry and many blockchain developers themselves are not even aware of this problem until they encounter a particular need; and blockchain itself is limited in its capabilities since it is unable to connect to Data in the outside world. Could you please explain to us the innovations which SupraOracles has brought to the Blockchain if any? Finally, you did said that cross-chain blockchain Oracles are systems of nodes and Protocols you can use to connect external data to Blockchain or even create communication channels, etc. What have SupraOracles integrated into the blockchain Metaverse for more efficiency different from the others before it in view of the fact that not all Oracles are created equal? Please explain to us
From your website, you mentioned that supra oracles promises improved robustness to network spamming,
MEV attacks, and node capturing from a powerful, state-level adaptive adversary, while maintaining low transaction latency and high throughput. I am curious to know, How does supra oracle work to improve robustness to network spamming and prevent MEV attacks in your eco-system? Can you also elaborate, how those Adaptive adversary works to improve the better functionality of Supra oracles? What are other advantages of supra oracles and what are it benefit in your eco-system and to users? Thank you.
I interestingly read from your website that decentralized oracles use multiple, independent data sources that do not coordinate with each other. This can be ideal for smart contracts that need faster, more accurate data. Can you briefly elaborate more, How do decentralized oracles successfully execute transactions as they consist of independent data sources that do not coordinate with each other? What are the independent data sources? Can you briefly tell us,What is the essence for these data sources not to coordinate with each other? Thank you.
Current oracles particularly decentralized oracle are vulnerable to hacking and outside manipulation and this have led to over $120M stolen last year due to DeFi Exploits. Sadly, Most of these issue occur due to lack of transparency, accountability and also Price delay and deviation. I clearly understand how SupraOracle oracle solves the issues of Price Delay and Deviation but Can you explain on How Supraoracle plans to solve my aforementioned issues on security and transparency? Are the prices precision of Supraoracle going to be Open to any entity to ensure full transparency? What are the base protocol layers in Supraoracle to ensure Full Safety of Investors Funds? How would users and investors be able to hold Supraoracle accountable for their actions?
You mentioned that all existing blockchain Oracle solutions are trying to balance the tradeoff between decentralization, scalability, security, and finality. Based on what I’ve read, no one has been able to crack this quadrilemma until SupraOracles. How does SupraOracles successfully accomplish this? What makes it possible for you to provide a better Oracle solution to the market? From your point of view, why do you think the other Oracle blockchain solutions have failed to achieve this? How does SupraOracles do it differently? I find it very interesting what SupraOracles hopes to achieve and the innovations it brings.
The first time I heard about SupraOracles was after launching the Start Path program by Mastercard. If I’m not mistaken, you were the only blockchain oracle who participated in their program at the time? Please tell us how important it is for you to participate in this program? How much boost did your team get from this collaboration? Are you currently working with Mastercard on any projects?
I believe that an important indicator of a good project is the quantity and quality of its partnerships and collaborations. In this sense, SupraOracles has done very well with 87 partners ranging from the DeFi sector to Data Providers and GameFi. I am very interested to learn about your cooperation in the field of NFT and the recently sensational Metaverse, are there any successful projects with which you are already working or are you going to start close cooperation in the near future?
One arising issues with current oracles is lack of transparency, For example in order to manipulate the outcome of a certain contracts (lets say a betting contract), the oracle could be attacked by a third party or its provider could deliberately provide false data to make a profit from the incorrect execution of the contract. Can you elaborate on how Supraoracle plans to solve my aforementioned issue of trust and ensure full transparency from their end in execution of smart contracts? What are the security protocols put in place by Supraoracle to ensure that they are free from malicious attacks from third parties? How can users be able to check and hold Supraoracle for their actions if necessary?
Recently, you have been talking about Miner Extractable Value (MEV) and how it has contributed to making Ethereum and other chains where a repeating circle of MEV takes place to be more expensive. Also, you said MEV violates users privacy during transactions and encourage a lot of frontrunning. Can you explain to us more about MEV and the way it is used to encourage transaction manipulations to the detriment of most traders? Also, in what way will Supra Oracle help to solve this and ensure that users can always get the best deal or opportunity when ordering transaction blocks or performing swap? How do you intend to solve oracle problem implementation which often result in hacks and insecure blockchain activities?
I read from your website that you have a unique novel vested architecture of “Tribes” and “Clans” that allows for parallel processing via powerful cryptographic primitives,such as Threshold Cryptography.So can you for a moment break this down for a better understanding of how the “Tribes” and “Clans” model works give that they are not referring to any individuals?Can you tell us how this design have brought about security,speed and also cross-chain communication?Can you also share with us how the use of (VRF) Verifiable Radom Function works in your architectural design of “Tribes” and “Clans”?Please provide further details concerning this unique design for the benefits of our community. Thanks
When referring to current oracle Problem, you’ll find two important aspects which are the inability of Blockchain to Access external data on its own and central oracles cancel the value benefits of smart contracts while posing a major security risk. Can you explain on how Supraoracle plans to solve these issues? What are the characteristics of Decentralized orcales which Supraoracle Upholds, Improve and implement in their platform?
Supra Oracle has been announcing series of partnership and by my last check, you have over 270 partnerships with the recent of them being Berkeley Blockchain and Mastercard. Can you explain how you came about these partnerships and the way they are going to help you achieve the goal of being 100x more secure than other competitors within the oracle protocols industry? Particularly, what is the essence of MasterCard integration? Are you planing debit card introducing and do you have plans to work with Fiat?
Hello SupraOracle team. You highlight that your main competitor, Chainlink, averages 120 seconds to reach finality. And it’s really wonderful that SupraOracles is much faster, offering 3-5 second on-chain refresh rates, with full finality. Without a doubt SupraOracle is amazing! What technology does SupraOracle use that makes it possible to achieve this speed? Chainlink is one of the most popular projects, however SupraOracle surpasses it in speed. In what other ways does SupraOracle stand out from the competition? Thank you.
There are many oracle providers already in the blockchain industry such as Chainlink, BAND, that have established a successful spread of presence and relevance in the oracle service business. Can you explain how your oracle model is designed to create a better alternative to what is already obtainable from those you are competing with in the industry? How is your system technically designed to offer a superior balance of speed, security and accuracy, and how is this done more efficiently within the boundary of decentralisation?
By January 2022,you will be having your “Alpha TestNet Phase”.So tell us will it be a Closed Alpha TestNet or Public?If it will include both external and internal individuals-can you share with us what will be tested by the participants?What are the key infrastructure are you aiming to introduce?And what are your ultimate goals for the Alpha TestNet?Please kindly share with us SupraOracles upcoming milestones as your Alpha TestNet will commence soon. Thanks
Data management nodes within Supra Oracles are organised into small groups called “Clans” and you said clans can further be aggregated together to form “Tribes”. I will like you to explain more about this concept of clan and tribe, and how data nodes are selected for categorisation into any of them. How many clans or tribes will exist within your oracle system? In addition, you said that every 5 minutes, you will select a clan to be in charge of data management? Why did you decide to alternate clans at 5 minutes interval and how do you randomly select those that will be in charge of data source and management to ensure that every clan nodes are given a fair representation in the duty of data management?
Can you talk about the Layer 1 technology you have applied in SupraOracles to solve the problems evolving around Oracles?It is true that Layer 1 scaling could be enhancing the speed of block confirmation and increasing the data-containing capacity of block but Layer 1 seems to be falling short with rising number of Blockchain users.So can you tell us how you dealt with inefficient consensus protocol which is the Proof of Work consensus mechanism that Layer 1 technology uses?How about dealing with excessive workload in Layer 1 that slows processing speeds and capacities as Blockchain users increases?Will you combine both Layer 1 and 2 technology or do you think your platform have all it takes to tackle the scalability trilemma?Please explain Thanks
While going through your telegram channel,you sounded this important note to your community members that your token is currently not trading anywhere right now,nor is it available anywhere OTC. So when are you planning of having your presale so users can be able to obtain supraOracle’s token? How many tokens do you plan of introducing into your platform? What will be the utilities funtions of your proposed token thats coming soon? As many users are eagerly waiting for this token, what will be the requirements to participate in your presale? Kindly brief us on the benefits that will be associated with your token?
Better Security,Better Speed,Better finality, these are the 3 major assurance you stated on why choosing SupraOracle is necessary. Since your whitepaper is yet to be released and there is no full information about these 3 features as stated, can you briefly put us through in details on how secure,scalable, better finality supra platform is? how do you maintain low transaction latency and high throughput in supra platform? Kindly put us through on how the cost of making transactions is like? Thank you
Since its inception in 2017 there have been many ups and downs that have occurred in the market, Supra Oracles is prepared to remain stable in the face of a prolonged bear market, the definition of Supra Oracles can be “Protection of data in real time for a new economy and without confidence “or what is for you the phrase that best defines your protocol?
What is the status of Supra Oracles in terms of its inclusion and participation in DEX, CEX or both inclusive lists, what can you tell us about your recent partnerships and collaborations, how significant the impact of Supra Oracles can be on the financial and cryptographic culture, What new strategies and updates do you think should be applied in Defi during 2022 to exceed the adoption rate achieved during 2021, which is what allows Supra Oracles to provide a non-exclusive, credibly neutral and highly reliable solution for your world data real talk between public and private channels?
Tell us a little about what you have considered to be a great dilemma for Oracle and what are your proposals to improve performance in all areas, which do you consider to be the most objective and practical way to close the gap between traditional capital markets and the Web3.0 ecosystem and driving the future of finance globally?
In our reality today, blockchains need better, faster, more accurate and more secure off-chain data. What is Oracle’s next-generation cross-chain solution that SupraOracle offers to make smart contracts and blockchain applications work better? What kind of distinctive technology have you adopted to make this “dream” a tangible reality?
As the blockchain ecosystem grows, high-quality oracles will be the fuel that drives the next generation of powerful applications and smart contracts to do more. But, the security and transparency of the data extracted from those Oracles is critical, so my question is, will this data be able to be audited in real time? If so, what system is in place to ensure that there are no failures during the process?
Many think that the decentralization of finance means completely ending the connection with the real world, cash and fiat currencies, but we see that the projects that adopt these systems are more successful today, you are a clear example since they will form Part of the Master Card Start Path Blockchain program, this is incredible, could you tell us about SupraOracles participation in this project? What benefits will the community have to connect with traditional finance?
SupraOracles aims to be part of the future of Web3 technologies, however you say that your revolutionary techniques consist of building better Oracle systems, could you explain to us how you improve the performance of blockchain networks and to which networks are your features applicable? Is SupraOracles seen working hand in hand with any current blockchain network on the market?
Oracles are the backbone of crypto markets, it is so, that any glitch or crash oracles experience is extremely detrimental to the platform using it. I’d like to know what are the chances of situations like these happening. How do you keep the data servers secure? What would be the protocol in case a crash happens? Would you take the responsibility for any loss suffered? Do you have any sort of insurance for projects that would like to integrate your oracle?
Taking into account the fact that Supra Oracles originates in 2017 and is still under development, please explain who did the appeareance of new names and trends in blockchain industry impacted your vision and the direction of building “a better blockchain world”? What was the most important step done so far? Please share the day-to-day industries where we will be able to see the usage of Supra Oracles soon? Thanks!
It is mentioned on your website that Supra Oracles is building a suite of tools for creators, developers, and entrepreneurs. All this would finaly change such industries as Finance (DeFi, price feeds and payments), Gaming (Metaverse, dynamic NFT), marketing, trade and analytics. Could you talk more about each of the use cases mentioned above? Please also explain what are the revolutionary features of Supra Oracles and how would it impact regular users? Thanks!
SupraOracles believes that oracles need to be held more accountable as well as been openly transparent. These concerns are drawn from the fact that no entity can accurately examine the precision of price reported by Oracles as well as the lack of responsibility on the part of these oracles to accept faults. These concerns, are critical and gives further credence to the clamour for a better model. With respect to these challenges as identified, can you briefly elaborate on the solutions offered by SupraOracles, how do you ensure that your Oracles are both transparent and accountable? Would you permit the open scrutiny and otherwise public vetting of every single task executed by your Oracles? What sort of punishment or reprimand are metted out to erring oracles,if the need arises?
Can we talk a little bit more on your client base and partners. Going through the websites and different blog publications, I noticed that these partners and clients are all within cryptocurrency and Blockchain tech, and you really do not have business partners outside this market. Can you let us know why this is so, since SupraOracles intends to change the model and manner at which Oracle services are offered, why don’t you explore markets outside crypto? How do you think you can better adapt Blockchain tech, to suit all models and markets especially those largely concentrated within traditional finance. Do you believe SupraOracles can create efficient, fast and secured oracles that connect both technologies?
Blockchains need better, faster, more accurate and more secure off-chain data, With this in mind, how do you go about offering a solution, how do you make both blockchain and a smart contract work better? In what sense does this project prove to be fast, scalable and secure? Why can it simply be inferred that they offer the best?
As the blockchain ecosystem grows, high-quality oracles will be the fuel that powers the next generation of powerful applications and smart contracts to do more, for the moment, as how your project proves powerful in the broader world of cryptocurrencies? Why does this project have the conviction that it will have even more recognition and gratitude? And I would like you to share with us, how is your solution going to revolutionize the industry?
I have been looking at your common questions and it is not clear to me how you intend to solve the enormous problem of price delay and deviation that we can see today in market dynamism, what solutions they offer to already established projects that want to improve the time delay in transactions and pricing of your assets?
Currently SupraOracles has several communities apart from the English community, but I would like to know if you are currently recruiting ambassadors, influencers and people from the community in general to spread the word about your oracle services? Can you tell us if you are interested in creating Spanish-speaking communities? What is your roadmap of marketing strategies and goals and how much funds do you allocate to it?
The project is creating the best performing blockchain infrastructure in the world, how is everything related to said structure creation? What benefits does it bring us and the project as such? What are they working on to simply build the best? As the blockchain ecosystem grows, how are you attracting more potential investors and raising awareness about this project?
I found out that your team has received a sizeable grants, credits, and awards of over $1,000,000 USD in total from different established platforms so with this huge amount what are the allocation been served? Can you explain in detail about those grant that you received? What is the purpose of this grant? How would those grant helps your platform to improve and to develop? Do you intend to give credit to those platforms that gives you grant? Thank you
I found out that Supra Oracles is collaborating with Formationfi to allow average users access to risk mitigation strategies,so can you enlighten us more about this collaboration? Why do you choose to collaborate Formationfi for risk mitigation strategies? Can you explain more about those risk mitigation strategies that is coming from Formationfi? How do you implement it in your platform and how does it brings advantages to your users?Does this partnership consider for long-term?Thank you
We all know the importance of slippage in the swapping of assets on the Blockchain, how is your team going to achieve the near zero slippage and makes transactions succeed in this age of various shitcoins that requires high slippage?
Supra Oracles is promising a 3-5 seconds on-chain refresh rate which is great, but what kind of speed should we expect for an Cross-Chain transaction??
SUPRAORACLES started in 2017, got awards, grants of up to $1M, 8 Countries, 25 teammates +, 180 partners and still growing, well, so far so good, that’s a really Great Milestone, and since your Mission is To build the highest-performing blockchain infrastructure to power the world’s value exchange, & also helping the environment and improving supply chains to alleviating poverty through DeFi, can you please tell us how you plan to help the environment to alleviate poverty? Are there any educational Opportunities you sponsor? And who are your targeted Communities? Do you have countries in mind or its global?
& as stated on your site, you only have about 25 teammates, please are there going to Carrier opportunities? Can you please tell us the Position that are available? Thank you
I liked the fact that SupraOracles began to cooperate Cannumo. I am strongly support the legalization of cannabis and this topic is close to me. Tell me what interested you in Cannumo and why did you decide to partner with them? What exactly will SupraOracle be working on at Cannumo?
SUPRAORACLES started in 2017, got awards, grants of up to $1M, in 8 Countries, you have 25 teammates +, & you’re partnered with 180 partners and still growing, well, so far so good, that’s a really Great Milestone, and since your Mission is To build the highest-performing blockchain infrastructure to power the world’s value exchange, & also helping the environment and improving supply chains to alleviating poverty through DeFi, can you please tell us how you plan to help the environment to alleviate poverty? Are there any educational Opportunities you sponsor? And who are your targeted Communities? Do you have countries in mind to help or its global?
your biggest opponent is Chaining, i am investing there too, so what is your advantage or unique in “Oracles” ,or Why i should invest in you?
Chainlink is the biggest guy in the Oracle industry. How SupraOracles compete with Chainlink. What are the advantages of SupraOracles
I just saw on your twitter, that your team just become part of Mastercard, so which part and how you work, please share more abobut that
I don’t see the project’s road map for the year 2022 and beyond. Could you please share your target in the next year
how many of those interested do you have on the whitelist? i am from germany and very interested
What will the advance booking cost?
Does Supra Oracles plan any program such as reffreal contest, giveaways, mem competitions inorder to boost the community. Apart from AMA how else will you attract more investors?