Exorde Price (EXD)

What Is Exorde(EXD)?

Exorde is the web3 protocol that empowers developers to crawl and link all public data on the web.  Exorde is a new protocol aimed at collecting and extracting sentiment from social networks all over the world through a decentralized community. Exorde’s decentralized approach is key to its success as it allows for the data collection on social networks that are locked depending on location, locked behind proxies, or even on entirely different Internets.

What Is EXD Token?

EXD tokens are used as payment for the work of the contributors. This utility token is the unique bridge between client requests and contributor-related tasks within the Exorde protocol. All data collection requests are paid in EXD tokens allocated as additional rewards on client-defined subjects that contributors will then prioritize crawling.

Exorde Protocol starts with 68 000 000 (68 million) EXD tokens, 34% of the Exorde Network Token (EXD) total supply. These tokens will be used to incentivize protocol participants and Exorde’s broader ecosystem. The distribution of these tokens is automated, and capped at the highest level to 30k (30 000) EXD per day (and 1250 EXD per hour), ensuring that the Protocol has enough rewards for at least 6-7 years.

The EXD token, based on the ERC-20 standard, is the native asset of the Exorde ecosystem. It is a utility token with multiple utilities:

• Acts as the fuel for the Exorde Protocol. Clients of the protocol can place bounties on topics, themes, or keywords (in EXD token) to incentivize data collection and processing by the Exorde Network. The bounties will be deposited and locked in the protocol, and then distributed during the bounty’s lifetime (at each URL for example) to workers who collect data relevant to the bounty's theme or keyword. The duration and the total value of the bounty are the main variables impacting the rate of rewards per data item (tweet, comment, article, etc.). It will be possible to set up long-term bounties and short-term bounties that will affect the flow of EXD rewards to the contributors working on them.
• Used as rewards (economic incentives) for the participants in the Exorde Work Systems. Each system will reward the work done by its contributors, according to their quality, quantity, and reactivity. The rewards amounts will be designed and adjusted by the Exorde Governance to incentivize the most relevant, up to date, and consistent work performed by the contributors, and to spread Exorde’s workforce out evenly over all the different tasks.
• Staked by participants (as a security deposit) in the Exorde Work Systems. Each system will require a different threshold of EXD staked to be able to register and work. EXD Stake is automatically allocated (temporarily locked) by the various WorkSystems composing the Protocol. This mechanism locks EXD tokens linearly (but can be quadratic) according to how many systems a user is currently working in, and how much data per hour this same user is currently spotting (submitting).

How Does Exorde Work?

Thanks to its unique approach, Exorde’s data is reliable (peer-verified and processed publicly), therefore enabling its usage in several use cases such as market predictions, e-reputation, and trend analysis. Due to Exorde’s decentralized and public nature, any trends or analytics based on Exorde’s output can’t be censored, manipulated, or suppressed. Exorde’s utility token, the EXD token, is used in this regard to incentivize Exorde’s community to prioritize collecting data in relation to client demands. This process guarantees that the EXD token fully encompasses the value of the data created by the Exorde protocol.  

Exorde (EXD) Community

• Twitter: https://twitter.com/ExordeLabs
• Discord: https://discord.gg/ExordeLabs
• Reddit: https://www.reddit.com/r/Exorde

What is Exorde (EXD) Contracts address?

• Ethereum: 0x02de007d412266a2e0fa9287c103474170f06560