Ares Protocol
ARESP

Ares Protocol

$0.0₄1028
0.00%
Ares Protocol Logo

$0.0₄1028
0.00%

Although 'ARES' was the ticker assigned at the deployment of the Ares Protocol Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'ARESP' has been adopted for this token. This designation ensures that assets are distinctly identified.

Ares is a decentralized hybrid oracle that designed to fully realize the on-chain and on-chain verification of oracle data. By using VRF to discover the random selection of aggregators, data centralization is solved, and a very low participation threshold is guaranteed. However, the random selection of the aggregator cannot guarantee the accuracy of the data.

The ARES token will be the first supported fee token, and the holder of the token also has the right to vote to determine which other tokens can also be used as the fee token supported in the Ares network, such as stable coins.