Exorde is a new innovator protocol. Its goal is to collect and extract sentiments from social networks through a decentralized community around the world. The team believes that its decentralized approach is key to its success. The use of this new technology allows you to collect data on social networks, regardless of different locations, browsers of interest, etc.
In addition, Exorde makes sure that your data is reliable. The platform uses peer verification, as well as public processing, to provide only reliable information. It will allow clients to use the collected data for market predictions, trend analysis and e-reputation building. However, Exorde also strives to protect all rights and regulations regarding personal data. That’s why it uses Defi technology. The team stated that scammers or other unsavory people would not be able to censor, manipulate, or suppress any trends or analytics based on the results of their platform.
Exorde created the ICO – EXD of the project. The latter is very much in vogue on various ICO trading platforms. It will incentivize the Exorde community, encouraging them to collect the data that customers demand.
Exorde launched the ICO sale on February 14, 2023. However, it will end on March 10, 2023. The initial coin offering for this ERC20 token is set at $0.35, although its value is likely to increase upon completion. . The total supply of tokens is 200,000,000, but only 14.4% is available for purchase. The team aims to earn $4,175,000 for the further development of the project.
How does the Exorde Protocol work?
The main goal of the Exorde protocol is to incentivize a Defi community to collect publicly accessible data. Users may collect information through social networks around the world. Since this platform will be global, language barriers will not matter. It will be available to all customers from various countries.
Furthermore, the team stated that the Exorde protocol is executed thanks to its many collaborators. Its community is spread all over the world. Exorde’s data tracking module is run by members. The latter allows them to collect and analyze live social media data. Consequently, these contributors earn EXD coins as a reward. The platform also awards members a small amount of Reputation for each task they complete. That is also beneficial for users, as those with higher reputation ratings will be more in demand by customers. The latter comes in the form of NFTs.
The platform will use your tokens to pay contributors for their work. EXD will become the single bridge between taxpayer related tasks and customer requests within the protocol. The company makes sure that users pay for all data collection requests in EXD currencies. He also allocated some tokens for additional rewards.
However, reputation is a non-tradeable and non-tradeable currency. It’s harder to win and easier to lose. Therefore, this specific score reflects a contributor’s work history within the platform. Each time users successfully complete a task, they will receive a small amount of Reputation. Clients can use these tokens to participate in governance. They will be able to influence various high-level decisions that affect the entire protocol. Another utility available for staking reputation tokens.
According to the Exorde team, the collaborators will have more reputation and will have more influence in the development of the platform. However, if they fail to finish the tasks, the platform will lower their Reputation score.
What about platform products?
Exorde offers several products. However, its fundamental characteristics imply a wide network with the capacity to acquire valuable information in numerous languages and quickly. The platform employs a decentralized NLP processing pipeline. The latter can produce Terabytes of data per day. The team built a specialized framework to ensure the clarity, fairness, and open participation of their platform.
In addition, the company stated that the potential use cases for its data are numerous. For example, clients can use it for market predictions. Recent surveys showed that predicting financial market trends by using social media is very efficient. Therefore, traders and investors will greatly benefit from using Exorde’s services.
In addition, various companies will be able to boost their businesses thanks to the study of customer and market demand. They can offer better products and services and find new niches. Many corporations depend on such data to ensure success. In fact, it is essential for any company to determine the demand and provide products accordingly. Exorde makes it possible.
