How Goracle uses targeted Giveaways to improve Security and Decentralization
Goracle is launching a Proof of Stake consensus oracle that will help improve decentralization, speed, security, and functionality of decentralized applications needing real world data. The primary participants in the Goracle protocol are decentralized applications, with the secondary participants being technical node runners. As such, Goracle is classified as a “B2B” protocol, but as a decentralized protocol, it still needs broad community support and participation to flourish.
The first step to help grow the community is having people hear about Goracle and joining our social media communities such as Twitter, Discord or Telegram where they can learn more about the protocol. To accomplish this, Goracle is launching the “12 Days Giveaway”, a program that will reward community members for joining our communities and learning about Goracle.
12 Days Giveaway
Starting on December 5th, we will be giving away $6200 worth of prizes to 12 of our most engaged community members. Winners will complete tasks to foster community growth and will also demonstrate their knowledge of our protocol by participating in a series of quizzes on our discord & telegram. The campaign will grant our community members a chance to get involved and be rewarded for it! Goracle’s non-technical wider community is critically important to the long term growth of our protocol. An active engaged community means success for Goracle, and success for Goracle means more rewards available for our community. Thus we are excited for the opportunity to show the #GoraGang how integral they are to our ecosystem.
The benefits of a non-technical Community
Having a broad, engaged community is not just about looking good on social media. There are concrete ways non-technical community members can help improve the security and decentralization of the Goracle protocol.
Delegating voting
Community members can contribute to the Goracle safety and or security through delegating their tokens to node runners. The amount of stake a node runner has committed is the primary way the Goracle protocol chooses who should propose and vote on blocks of data that are written to the blockchain, and receive a monetary reward for doing so. Community members who do not wish to run the node infrastructure will be able to delegate their tokens to a validator or staking pool, increasing the likelihood their delegate will propose or vote on the next block — and the rewards are shared between everyone who delegated their stake to that stake pool.
Providing Liquidity
Liquidity (especially in the early days) is important for participants to be able to transact conveniently. As the vision of Goracle is a decentralized application with no central entity, liquidity would ultimately be needed to be provided by the community. While the Goracle team may bootstrap liquidity, ultimately the community will need to grow large enough to supply liquidity on its own.
Marketing Activities
The goal of the marketing activities of community members is to ultimately increase the number of customers, feed providers and node runners. Ultimately, as a B2B ecosystem, the adoption of the Goracle network by developers, end users and network participants will drive self-sustaining growth. The impact of marketing activities can be classified as either direct or indirect.
Direct
The addition of Feed Consumers, Feed Providers and Node Runners can be considered a direct impact marketing activity because it provides measurable growth.
Indirect
Marketing activities that lead to the growth of the Goracle ecosystem may incentivize community members to contribute in other ways such as increasing liquidity of the GORA token.
Conclusion
To conclude, there are many ways to support the security and decentralization of Goracle such as becoming a node runner, data consumer or feed provider — but there are also many non-technical opportunities which are also vital. To get involved, you can participate in our 12 Days Giveaway or get in touch and let us know how you would like to get involved.
For more information about Goracle, visit our Linktree.
