Exorde Network.

The first and only large-scale data crawling network

> 1500
nodes
> 1 Million
daily data transactions
> 2 Billion
urls crawled annualy

Enter the network

Run a node, stake and earn EXD, the utility token of the Exorde Protocol.
68M
EXD token supply for rewards
up to 30k
EXDs rewards per day
10 GB
RAM required
In Partnership With
Awarded by

The EXD Token.

Exorde is a decentralized data system, which operates an information processing pipeline at its core. This pipeline continuously receives the stream of the most recent data posted on the Internet (tweets, articles, blog posts, etc.) and processes it (translation, aggregation, curation, clustering) to produce reliable, relevant, and quality metadata. The output data stream from the Exorde Protocol is then used to extract real-time trends, source, and sentiment analysis.
Exorde has Spotters, participants specialized in spotting the newest and most relevant information online (by providing URLs, detected language, and other content identifiers). The data is then fed into the Exorde Worksystems, composing the Exorde Data Pipeline. These Worksystems are forming a streaming data pipeline processing & validating the spotted information, by allocating sub-tasks to Validators in each WorkSystems.
The Exorde Protocol uses its Exorde Network Token (EXD) as incentives, to align all ecosystem participants' interests and maximize the reactivity, scalability, and quality of Exorde's output data & internal processes. As a decentralized Protocol, Exorde allows anyone to verify its data stream and internal WorkSystems.

Utility Token

The Exorde Network Token (EXD) is a type of token called a utility token, meaning it is used to access and pay for services within the Exorde platform. It acts as a form of payment that removes friction in transactions and allows for the automation of the economy. The EXD token is necessary because it aligns the interests of all participants in the Exorde ecosystem, removes traditional payment issues, and maximizes the quality and efficiency of the data produced by the platform.

Key Token Utility

Exorde Network Token (EXD) is at the core of the Exorde Network data economy.

EXD is a pure utility token steering Exorde's economy through 3 main utilities:

  1. EXD is a Protocol access token

    Data Spotters and Validators are required to Stake EXD tokens to participate in the Exorde Data Economy.
    There are 2 different aspects to EXD Staking:
         - A Minimum EXD Stake is required to participate in the various tasks of the Protocol. This minimum level can be different depending on a given Protocol System and its importance.
         - A dynamic stake mechanism: Data Spotter will need to stake EXD tokens to submit data to Exorde. This mechanism de-incentivizes data-spamming attacks and improves overall output quality. Stakes are automatically unlocked after some time when a given work has been validated by the Exorde Network.
  2. EXD is used to pay the Exorde's Data Services through its Bounty System.

    The Exorde Protocol processing power is constantly being auctioned to the highest bidder, and the highest bounties are given priority by the Exorde Network. Protocol clients can place bounties to orient Exorde Workforce to crawl, collect, and process data according to their requirements: Topic(s), duration of the analysis, crawling frequency, language, theme, set of websites or links, etc.

  3. EXD is rewarded for Protocol work.

    Data Spotters and Validators earn rewards for their data-related work. There are different tasks in the Exorde Protocol, divided into 2 main categories: - Spotting relevant and recently-posted latest information (URLs) to provide Exorde with the very best data - Processing & validating data to secure Exorde's data processes Nodes (participants) of the network earn EXD tokens as rewards, but also Reputation (REP) used as a requirement to participate in Exorde's Technical Governance.

The above token model ensures that EXD steers Exorde Protocol's economy and captures both its supply and demand sides.

EXD Token allocation

The Exorde Network Token has a fixed total supply of 200,000,000 EXD. The Exorde Network Token is deployed on Ethereum as capped-supply ERC20. There will never be more than two hundred million EXD tokens.
The initial token allocation is designed to be balanced between ecosystem participants (Protocol rewards), investors & backers, and the Exorde Labs team.

What are Protocol Rewards?

Protocol rewards are digital incentives offered by the network for participating and contributing to the network. These rewards are granted to users who submit, process, or validate data or make other valuable contributions to the Exorde network. Think of it as an automated system that rewards users for their work in maintaining and improving the network. These rewards are meant to encourage users to participate in the network, which helps to ensure its security, stability, and growth.

Protocol Rewards distribution

1. A third of the token supply is allocated to be distributed as rewards for Exorde Protocol participants.
2. Rewards are distributed at a maximum rate of 30 000 EXD per day (1 250 EXD per hour).
3. This guarantees a maximum token inflation rate from the Protocol Rewards.
4. EXD Rewards will be distributed until at least Q2 2029.
The demand for the Protocol and its data services is expected to create a sustainable reward stream over time, complementing and then taking over the Protocol's initial rewards pool.Depending on the demand for Exorde's Token & Data (and other factors), the rewards rate is likely to be much lower than the maximum rate, offering a guaranteed source of rewards for at least 10 years.Exorde Labs will progressively enable Exorde's Governance to govern this rate (within the limits of 30 000).

Token Distribution

Linear vestings schedules:
  • Private investors have 2 years of vesting.
  • The Exorde Team has 5 years of vesting.
  • Exorde Labs itself has 6 years of vesting.
  • Protocol Rewards are released over at least 6.5 years, most likely 10+ years. (from mid 2023 to 2029-2035+)
  • Airdrops and community bounties are to be distributed punctually over time.
  • All other allocations have no vesting period.
The above token distribution chart represents the maximum number of tokens in circulation. Protocol Rewards are shown as being distributed at their maximum theoretical rate of 30k EXD per day (940k monthly). In practice, the Protocol could issue its initial rewards for a longer time (e.g. 10-20 years). This chart does not include Airdrops, Bounties (Community Bounties, for various future events, open source work, community initiatives, ...), and Liquidity Provisioning (locked liquidity on Uniswap, market making, CEX liquidity). They add up to 6.5% of the EXD total supply. These 3 categories of token allocations will hit the circulating supply of EXD tokens over several years (Airdrops will be distributed mostly in the first two years, community bounties can be distributed over the next 5-10 years, locked liquidity can remain locked for 7+ years).
Protocol Rewards case: Exorde Labs will manage the transfer of Protocol Rewards to the Protocol (on its execution layer) during the early life of the Protocol. Then, the Vesting Contract ownership can be transferred to the Exorde Decentralized Governance.
Once deployed, Vesting contracts are non-revocable and immutable. Exorde's initial distribution of 200,000,000 tokens and their lockups (vesting) reflect long-term commitments from the Exorde Labs team and their backers, investors & partners.

Key references

ERC20 Token

Official EXD Token Address: 0x02dE007D412266a2e0Fa9287C103474170F06560
https://etherscan.io/token/0x02de007d412266a2e0fa9287c103474170f06560

The EXD token exists on Ethereum Mainnet as an ERC20 with a capped supply of 200 000 000 (two hundred million).

To be utilized, the token is expected to be bridged on the Exorde Execution layer (powered by the SKALE Network). Mainnet contracts and intermediary interfaces can be deployed later.

Audit

Exorde Token, Vesting Wallets (for Team, Protocol Rewards, Private Sale investors, etc), and Token Sale contracts are audited by CertiK. The audits can be found at: https://www.certik.com/projects/exorde

Vested release over the next decade

A vesting schedule is a plan for the release of tokens over time. It is a way to ensure that tokens are distributed gradually, rather than all at once. This helps to prevent the rapid dumping of tokens, which can lead to price volatility and negatively impact the stability of the network. In the context of Exorde, the vesting schedule applies to different groups of actors. The vesting schedule outlines the timeline for when these actors will be able to access their tokens and the conditions under which they will be released. This helps to align incentives and ensure the long-term health of the network.

Our whitepaper.

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Exorde's Seed Network backers.

protocol-labs
insignius capital
palar capital
vespertine capital
outlier ventures
blackdragon