The time has come again for some important updates we wanted to share with our community. The last couple months have been quite the roller coaster in the market, despite the ups and downs Modefi is still moving forward at a fast pace. Once again we want to thank our community for their support through everything. ❤❤
- Our subreddit is officially live, we welcome everyone to join us there for discussions and updates https://www.reddit.com/r/modefi/
- The first release of our Oracle Aggregator went live on April 9th
- First round of staking on Fantom is almost complete (new pools will be available within 24 hours of expiry)
- Vesting for public sale tokens was completed on April 17th
- Circulating supply updated on Coingecko
Upcoming updates / announcements
- V2 of our Oracle Aggregator (see details below)
- Staking on Ethereum will officially go live on May 7th 2021
- New Partnerships
- Fantom Staking Round 2
Decentralized Oracle Aggregator V2!
We are beyond excited to announce we have already started working on V2 of our Oracle Aggregator.
What is V2 you might ask?!
Version 2 is a plug and play customizable Oracle Aggregator. Modefi will provide the framework for developers to utilize aggregated data, but they get to choose the parameters they want. Within our dashboard developers will have the ability to select the Oracles they want included in aggregation for their protocol, as well as the ability to set deviation limits and fail-over conditions. Once completed they are automatically provided a bespoke integration module tailored to their exact needs. This can then be easily integrated within their own smart contracts. Stay tuned for more details!
What are the products Modefi is building?
It has come to our attention that the main focus has been around our Oracle Aggregator, which is our first product to market but not the only solution we are building. Remember we are building a suite of Oracle solutions, the DAOS is just the beginning. To learn more about our other products we are building we encourage you to check out the following.
On-demand Oracle Solution
The On-demand Oracle introduces the ability for developers and end users to create and obtain uncommon data requests to meet the demands of their custom smart contracts that are reliant on outside data sources that may not have API’s or are not on the blockchain. While this gives the ability to have unlimited use cases, see below are just a few examples.
➣ Sporting Events
➣ Weather conditions in a location at a specific time
➣ Prediction Markets
➣ P2P wagers
➣ Insurance Payouts
The Oracle Marketplace is a hub for clients (developers / businesses) and data providers to connect to buy / sell data, think “Amazon of Oracles”. There are no limitations to the type of data that can be supplied through the Marketplace. The Oracle Marketplace will be the go-to solution for turn-key data needs spanning across any Oracle network.
With the first round of staking on Fantom nearing a close you may have a couple questions.
Q: What happens when the timer expires?
A: You will be able to Unstake your tokens by selecting the “Claim & Unstake” Button.
Q: What can I do after I have unstaked my tokens?
A: We will be opening a new staking round shortly after the first ends (likely within 24 hours). You then have the option to re-stake your tokens for another 30 day period.
Q: Will the rewards be similar to the first round?
A: Yes, keep in mind your percentage of the total staked is what determines the rewards you receive. So earlier the higher your APY will be.
Important Contract Addresses
Binance Smart Chain $MOD contract address
Fantom network $MOD contract address
Ethereum network $MOD contract address
Modefi: An Oracle Solutions Platform
Modefi’s mission is to bring decentralized trustless Oracle solutions to developers and businesses. Using multi-chain solutions Modefi is building interoperability that will drive adoption and true power to the blockchain ecosystem.