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Decentralization at Heart 🔣
⭐️ The Motivation Behind Tic Ton Oracle
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Inspired by Uniswap: We believe an oracle should generate prices directly on the blockchain, realizing true decentralization. Our approach promotes oracles that go beyond being mere data providers and robust resistance to attacks.
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Innovative Comparison: Unlike other Oracle mechanisms that ensure quote quality through token collateral and penalty systems, relying on node-source quoting, our
Actual Price method encourages quoters to provide more accurate prices, shifting greater responsibility directly to them.
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Actual Price Quoting Method: Our revolutionary
Actual Price method requires quoters to deposit the actual tokens into the Oracle. For example, for a quote of 1 TON = 20 jUSDT, the corresponding tokens must be deposited. If verifiers believe the price is undervalued, they can directly purchase the TON. If there is no arbitrage, it indicates that the price is accurate, and rewards will be given to the quoter.
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Advantage of TON’s High TPS: On TON Blockchain, the high TPS significantly reduces the waiting time for verification. For instance, what might take 120 seconds on Ethereum, takes only 50 seconds or less on TON, making the Actual Price method more efficient on TON.
📞 Join us in exploring the future of Oracle on TON!
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TicTonOffcial🔣