Why have you chosen to deploy on Fantom?

• Robust Developer Ecosystem.
• EVM Compatible chain.
• Fantom high scalablity and its fast transaction confirmation between 1 - 2 Seconds.
• Cheap Transaction Fee.
• Fantom History of supporting Dapps & Developers.

How will you use the FTM?

Cloud hosting cost of Nodes and Data Providers.

We envisage that for the next 4 months, we'll keep hosting the major/trusted nodes and Data Providers until our slashing and token engineering are released into the protocol before allowing the public to run major ones.

However, anyone can run a Data Provider and Node at the moment, but they won't be verified or recommended to be used by the public.

Hiring: DevOps engineer, Fullstack Engineer, Additional Golang Engineer

This role are currently contracted to save cost and burn rate for the next 4 months. We want to make them more permanent.

Gas Fees payment for our Nodes

For updating Oracle contracts onchain for Data providers, the node will be paying gas in FTM.

Bounty program

Initiatives targeted at onboarding developers and data providers onto the DigiOracle ecosystem.

Target: 10 dApps using DigiOracle on Fantom (December 2023)

Benefits to the Fantom ecosystem

DigiOracle’s integration into the Fantom ecosystem offers several clear and impactful benefits. Here are a few of them:

Integration of Real-World Assets

Our expansion into supporting real-world assets, such as stock price feeds allows Fantom dApps to offer innovative financial instruments and products that combine both crypto and traditional asset classes. As a result, users can access a broader range of investment opportunities, further attracting traditional investors to the Fantom ecosystem. We will

Developer Adoption and Onboarding

Our commitment to creating educational resources and hiring a Developer Relations engineer will greatly benefit the Fantom ecosystem. By providing comprehensive guides, tutorials, and sample projects, we’ll empower developers to easily integrate its oracle services into their Fantom-based applications. This lowered entry barrier accelerates the adoption of DigiOracle and contributes to the growth of the Fantom developer community.

Tokenomics and Sustainability

While we are no cryptonomic experts, our planned token launch and burning mechanism demonstrate a commitment to sustainable tokenomics. By generating tokens through burning Fantom fees, we plan to ensure a reduction in the overall supply of tokens over time, which can lead to increased scarcity and potential value appreciation.

Network Security and Reliability

The implementation of payment, rewards, and slashing mechanisms for data providers and node operators enhances the security and reliability of DigiOracle’s services. This directly benefits the Fantom ecosystem by ensuring the availability and accuracy of external data, a critical component for the proper functioning of various dApps, especially those with financial and high-stakes use cases.