What is $ATA ❓
Automata Network is a decentralized service protocol that provides a privacy middleware layer for dApps across multiple blockchains. The protocol enables several use-cases such as Anonymous Voting and Miner Extractable Value (MEV) Minimization by leveraging the latest cryptography and privacy-protecting algorithms, along with Trusted Execution Environments (TEE).
ATA is the native utility token of the Automata Network and has the following existing and planned use cases:
Governance: ATA token holders can create and vote on proposals, platform features, and network parameters.
Mining rewards: Compute and storage miners earn ATA tokens by running applications and executing transactions for users on the network.
Protocol fees: Users pay miners for storage and computation work tasks.
Geode allocation: Users can bond ATA tokens to participate in Geode auctions.