First and foremost I want to thank those who put some of there personal time and effort into the success of LimeToken. I and the whole LimeToken team are extremely grateful for the support we as developers and our community have attained in our mission to solve the Current Smart Contract connectivity problem for everyone. The level of growth from the day we launched until now has been amazing. Although our goal at LimeToken is unique, we are very confident that we can make all this happen.
The reality now and in the future is that Smart Contracts will play a role in many peoples lives in some shape or form. With the many improvements being made to Smart Blockchains thanks to the ongoing research from projects like Ethereum, Tron Network, and Binance Smart Chain, we are entering an era of true Decentralization. According to the pioneer in Smart Contracts; Ethereum. A "Smart Contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code which are mostly functions and data that reside at a specific address on the Ethereum Blockchain. Now let's keep in mind that Ethereum is not the only Blockchain to support Smart Contracts. As I brought up earlier we have Tron Network, Binance Smart Chain, and many more. But being that Ethereum pioneered the research and development of this, then it's important for us to use Ethereum as reference. Smart Contracts were designed to work just like any other Contract, but the beauty here is that the Smart Contracts are automatically enforced by the code. Code is a beautiful thing!
One issue that arrised pretty early in the history of Smart Contracts is that Smart Contracts didn't have a way to verify off-chain data, and real-world information. This limited the reach and usability of Smart Contracts in the real world. For example a Prediction Market Dapp - Decentralized Application - needs reliable market data to make payments based on events in a variety of markets. After proper research into this matter, the Ethereum community introduced the idea of Oracles being used as a bridge between the blockchain and the real world data. These Oracles work as on chain APIs that developers can query to get information into Smart Contracts. This data can be anything, something like the data from something like weather in a country or price from a certain market.
ChainLink (LINK) has really pioneered this technology to the current stage we are all experiencing now, this is all thanks to the research that has been made by the team at ChainLink. Currently we are facing the inability for smart contracts to interact with any external data feed or external resources that run outside of the current Node Network in which the actual Smart Contract is executed. With the lack of connectivity to external resources, this creates a big limitation on what type of smart contract the Developers can create today. But with a solid solution which is a secure Blockchain Oracle with very unique data for Developers that currently exist. Developers can now create trustworthy Smart Contracts/agreements that rely mainly on trusted and verified external real world data.
Our goal at LimeToken is to build a reliable source of unique information utilizing what ChainLink has already provided. While greatly simplifying how smart contracts gain access to the unique off-chain data LimeToken is offering. This unique data also help Developers accelerates the development of increasingly useful Smart Contracts in different ares of the economy.
Key Areas of Focus to Enable the LimeToken Network is Building LimeTokens improved Oracle, this will allow Developers to work with industries not yet tapped by the leading projects in Blockchain. This release will happen around Q2 of 2021, at which point we plan to work with the open source community on building a new API for the release of our Mainnet. This new project will utilize the name Lime Link. This new Mainnet will consist of a few Node Operators that will help veriy the reliance of this data. These Node Operators will also allow LimeToken to release a secure and fully decentralized Oracle Network.
With LimeToken specifically focusing on entertainment industry data, LimeToken will allow Developers to tap into an industry that has proven to be a hard one to work Blockchain into. Thanks to the data-sets in our Oracles we allow Developers to force themselves into the entertainment industry and build Dapps that suit the entertainment industry best. While all this is still in the development phase, we are committed to making all this happen.
Thanks to quick attention from other users we've grown enough to be able to list on an exchange as we work on building out what we call the LimeNetwork. And to make the experience a bit more fun for everyone we are utilizing 5% of the total funds to giveaway in Airdrops. The 30% set aside for Developers who help build out our vision will never move or go into circulation making the market supply very low.
Finally, make sure you take the time to check our online Communities by joining them. A good place to start would be the LimeToken website www.limetoken.io
Cheers,
LimeToken Developer