Crypto mostly solves the problems that it created.
Think about it, how many web3 projects do you know that would completely replace the analogs in web2? Not so many, right? All the talks about mass adoption are cool, but crypto, blockchain, and web3 will not change the world until they start developing products that would solve some user needs that exist on their own, not created by them.
One such need in the digital age is the need for information. How do we get information? Is it complete and truthful?
Hardly. Google shows you what matches its algorithms. Meta has censorship on its platforms. It is also not difficult to start a FUD on Twitter with the help of a couple of hundred fake accounts if you know what you are doing.
2020. Quarantine. There are social media wars between infectious disease specialists, virologists, and all those who are for and against vaccination. Each side gives its arguments, referring to its sources. What are these sources? Where did the information that later went viral originally come from?
You probably already guessed that scraping can help with the search for the answers to these questions. But there is one problem. Due to the large amount of data on the network, it is incredibly difficult to analyze it. It is even impossible to get all the data in real time. It isn't the same as scraping data from one source.
And here the idea of how to solve it was born. French company ExordeLabs, consisting of programmers and data analysts, came up with the solution of using blockchain and the ideas of the Web3 mentioned above for data scraping. Thanks to the decentralization of the network, tens of thousands of nodes will simultaneously be data validators, not separately launched bots.
But what will make them work together and perform data mining tasks? Here we recall another principle of Web3, the tokenized economy. For their work validators will receive EXD tokens. A protocol will be protected from attacks by a consensus mechanism and will be self-managed by a decentralized autonomous organization (DAO), where token holders will have the right to vote.
Due to the fact that this is a blockchain with a transparent history of transactions, the protocol will not be able to hide any outcomes from the search results. It means it will not be subject to censorship.
Thanks to all this, the developers from Exorde are trying to build real-time data collection! Imagine that when the UST started to lose its peg to the dollar, you would have a tool at hand that could collect all the public information on this in any language you need. Maybe there were hints to the short? Or to close the position?
One more example. Let's say you own an NFT from some collection and start seeing FUD around it. What to do, sell or ignore that info? Yes, in any case, the final decision is up to the person, but the process of collecting data is greatly simplified with available Web3 solutions.
Exorde is in testnet stage right now with plans to have TGE and go live on February 2023. You can join testnet and run a module (node analog). The testnet is incentivized.
There are other activities typical for crypto projects, such as bounties for the community and developers. Join the official Discord to find out everything yourself.
I would like to add that as a marketer, I find this project quite interesting, as it solves real user cases that exist for marketers, SMM managers, analysts, students, teachers and scientists, and many others. It is definitely worth attention if you are tracking promising crypto projects.
Another argument for this is that a year ago, Exorde was included in the winter Coinlist’s batch 2022.