Sirius Oracle is a one-way digital agent that can fetch and verify real-world data, submitting information to smart contracts in an encrypted manner. Essentially, Sirius Oracle acts as a third-party data broker in the blockchain world, providing oracle services to help smart contracts access critical off-chain resources, website APIs, and traditional bank account payments.
The off-chain nodes of Sirius Oracle supply the data, while its on-chain component gathers data requests and collects appropriate node responses. After obtaining a weighted conclusion, it feeds back the information to the requester. Sirius Oracle also features a reputation system for nodes, allowing information seekers to choose nodes with specific credibility levels, with each nodes reputation score updated after every information feedback.
Sirius Oracle Farm generates the initial governance token, SSO, through liquidity mining, attracting a large number of users and funds to participate in this financial experiment. Producing initial tokens via liquidity mining is a fairer and more transparent approach, helping Sirius Oracle quickly acquire an initial user base in the short term. The liquidity mining of Sirius Oracle will be conducted in two phases, offering a higher yield alongside a stronger sense of experience and participation, encouraging users to engage more frequently and consistently. This is a simpler staking mining business compared to traditional staking.