Oracles Network is the first Ethereum-based public network with Proof of Authority consensus, reached by independent validators.
1. Proof of Authority. Proof of Authority (PoA) is an alternative consensus mechanism, which does not depend on the nodes solving arbitrarily difficult mathematical problems, but instead uses a set of "authorities" - nodes that are explicitly allowed to create new blocks and secure the blockchain.
2. Validator. Validators on Oracles Network are the known people who validate the blocks.
3. Master of Ceremony. The Master of Ceremony is the initiator of a network. Using the Ceremony DApp, the Master of Ceremony creates 12 initial keys and distributes them to individual validators. Validators then replace initial keys with a new subset of keys. This initial ceremony launches the network.
|ICO start date||30 Nov 2017|
|ICO end date||31 Dec 2017|
|ICO token supply||252,460,800|
|Additional Token Emission||No|
70% - Purchasers
10% - Founders
10% - Foundations/Legal
5% - Partners, advisors
75% - RandD
10% - Marketing
8% - Operations
4.5% - Legal
2.5% - Tokensale fee
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