Before we move directly to the testnet, let's talk a bit about the idea behind Exorde.
Web scraping is the process of collecting data from web pages. What is a general idea of the technology itself and the possibilities of its application in Web3?
What is Exorde?
Let's fast forward to 2020. Quarantine. There are social media wars between infectious disease specialists, virologists, and all those who are for and against vaccination. Each side gives its arguments, referring to its sources. What are these sources? Where did the information that later went viral originally come from?
You probably already guessed that scraping can help with the search for the answers to these questions. But there is one problem. Due to the large amount of data on the network, it is incredibly difficult to analyze it. It is even impossible to get all the data in real-time. It isn't the same as scraping data from one source.
And here the idea of how to solve it was born. French company ExordeLabs, consisting of programmers and data analysts, came up with the solution of using blockchain and the ideas of the Web3 mentioned above for data scraping. Thanks to the decentralization of the network, tens of thousands of nodes will simultaneously be data validators, not separately launched bots.
But what will make them work together and perform data mining tasks? Here we recall another principle of Web3, the tokenized economy. For their work validators will receive EXD tokens. A protocol will be protected from attacks by a consensus mechanism and will be self-managed by a decentralized autonomous organization (DAO), where token holders will have the right to vote.
Due to the fact that this is a blockchain with a transparent history of transactions, the protocol will not be able to hide any outcomes from the search results. It means it will not be subject to censorship.
Thanks to all this, the developers from Exorde are trying to build real-time data collection! All the same described cases, but with almost instantaneous results. Imagine that when the UST started to lose its peg to the dollar, you would have a tool at hand that could collect all the public information on this in any language you need. Maybe there were hints to the short? Or to close the position?
One more example. Let's say you own an NFT from some collection and start seeing FUD around it. What to do, sell or ignore that info? Yes, in any case, the final decision is up to the person, but the process of collecting data is greatly simplified with available Web3 solutions.
Exorde Incentivized Testnet
Last week the incentive phase of the testnet started. It will last at least until February 2023, when the project is scheduled for TGE.
Unlike nodes, you do not need specific Linux knowledge here. Exorde uses a module, in fact, it is the same crawling bot.
And the advantage here is that it can be installed on almost any computer with Windows 8/10. The requirements are 2/4 cores and 2-4 GB of RAM.
Install the module according to this instruction. Everything is described in detail here.
Rewards
Rewards will be in the form of EXD tokens & potentially REP on the Mainnet, after the planned launch in February 2023.
The current EXDT Token does not represent the future rewards. It is in the Testnet to simulate the future token & its role will evolve over the weeks.
Only the Reputation (REP) will weigh how much rewards you will get.
Reputation is Testnet participation points. Earning Reputation (REP) now is like "Mining" EXD in the future.
The exact calculation will be announced later. Rewards should very well cover the cost of participation and more. The Total Rewards pool should be at least 200 000 EXD.
A pool of EXD tokens will be dedicated to the incentivized Testnet. This reward pool will be split according to each participation REP.
If you have 0.1% of the Total Reputation (e.g. 1000 REP out of a total of 1 million REP), you should get ~0.1% of the Total Reward Pool.
Participations from November 9th to November 22th (included) will get a 5% bonus, to celebrate the announcement. Participations from November 23th to the end of the Testnet (February) will get the normal amount.
EXD Rewards will be airdropped to addresses on the Main Network directly.
The receiving addresses will be the "Main Ethereum Wallet" that you input using the module (not the workers' addresses).
The team will airdrop every participant at Token Launch (TGE) with 1/3 of their Testnet Rewards. Then 1/3 next month & 1/3 the month after that.
This distribution planning can be modified. If so, it will be communicated.
Join Discord for more information.
Exorde Website: https://exorde.network/