{"id":6115,"date":"2023-10-29T13:31:43","date_gmt":"2023-10-29T13:31:43","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=6115"},"modified":"2023-10-29T13:31:43","modified_gmt":"2023-10-29T13:31:43","slug":"what-is-supra-oracles-what-does-it-do","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/","title":{"rendered":"What is Supra Oracles? What Does It Do?"},"content":{"rendered":"<p><strong>Supra Oracles<\/strong> is a cutting-edge blockchain platform that specialises in delivering <a href=\"https:\/\/coinengineer.net\/blog\/?s=defi\"><strong>DeFi<\/strong><\/a> ecosystem and real-world data.<\/p>\n<p><strong>Supra<\/strong> <strong>Oracles<\/strong> emerges as a solution to liquidity and infrastructure fragmentation inside <strong>Web3<\/strong>. So they are aiming to resolve this with their product called IntraLayer. Also IntraLayer is an integrated solution framework that fully amalgamates the market and liquidity, stacked to serve as an interoperability center among unique chains and even old financial systems.<\/p>\n<p><strong>IntraLayer<\/strong> comprises the latest Supra\u2019s tech products, oracles, <strong>VRFs<\/strong>, also bridging solutions, automation networks, and a smart contract platform. These features, combined with a common security understanding, allow for the easy movement of data, assets, and values between different blockchains.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/#What_is_a_SUPRA_Token\" title=\"What is a SUPRA Token?\">What is a SUPRA Token?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/#What_are_the_Uses_of_SUPRA_Token\" title=\"What are the Uses of SUPRA Token?\">What are the Uses of SUPRA Token?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/#What_are_the_Products_of_Supra_Oracles\" title=\"What are the Products of Supra Oracles?\">What are the Products of Supra Oracles?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/#Who_are_Supra_Oracles_Supporters_and_Investors\" title=\"Who are Supra Oracles Supporters and Investors ?\">Who are Supra Oracles Supporters and Investors ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/#Who_is_the_Founder_of_Supra_Oracles\" title=\"Who is the Founder of Supra Oracles?\">Who is the Founder of Supra Oracles?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/#Supra_Oracles_Tokenomics\" title=\"Supra Oracles Tokenomics\">Supra Oracles Tokenomics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/#Supra_Oracles_Airdrop\" title=\"Supra Oracles Airdrop\">Supra Oracles Airdrop<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_is_a_SUPRA_Token\"><\/span><strong>What is a SUPRA Token?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Additionally the <strong>SUPRA Token<\/strong> is part of Supra Oracles\u2019 latest product, IntraLayer. Supra combines Oracle, VRF, bridge solution, automation network, and smart contract platform to facilitate the flow of data, assets, and value across different blockchains.<\/p>\n<p><strong><em>The SUPRA token is an ecosystem token developed by Supra Oracle within ERC-20.<\/em><\/strong><em>So, if users make contributions to future projects within the ecosystem using the SUPRA token, they have the opportunity to earn rewards.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_Uses_of_SUPRA_Token\"><\/span><strong>What are the Uses of SUPRA Token?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><em><strong>\u2022 Smart Contract :<\/strong><\/em> Can be used in transactions between contracts.<br \/>\n<em><strong>\u2022Loyalty Program :<\/strong> <\/em>Supra, can be used for rewards in the loyalty program for its users.<br \/>\n<em><strong>\u2022Financial Payment :<\/strong><\/em> Supra Token can be used\/won in future shopping transactions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_Products_of_Supra_Oracles\"><\/span><strong>What are the Products of Supra Oracles?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Supra ORACLE:<\/strong> A decentralized oracle network designed to provide dApps on leading blockchains with the fast, accurate, and secure data flows and associations they need.<\/p>\n<p><strong>Supra VRF:<\/strong> A team created a Distributed Verifiable Random Function (VRF) service from scratch for blockchains. Also it provides results of unpredictable, impartial, and verifiable on-chain, with low latency.<\/p>\n<p><strong>Supra HyperNova:<\/strong> A bridge-less interchain communication protocol established to secure the movement of data, transactions, and also messaging between unique blockchains. It ensures secure interoperability across Web3.<\/p>\n<p><strong>Supra MoonShot :<\/strong> A bridge-less cross-chain communication protocol established to secure the movement of data, transactions, and additionally messaging between unique blockchains. It ensures secure interoperability across Web3.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supra.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-6125 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supra.bmp\" alt=\"supra\" width=\"1566\" height=\"221\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_Supra_Oracles_Supporters_and_Investors\"><\/span><strong>Who are Supra Oracles Supporters and Investors ?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Among others, <strong>Coinbase<\/strong> <strong>Ventures, <a href=\"https:\/\/www.huobi.com\/tr-tr\/v\/register\/double-invite\/?inviter_id=11343840&amp;invite_code=mbwg2223\">Houbi<\/a><\/strong> and <strong>MasterCard<\/strong> are part of a total of <em><strong>154 backers<\/strong> <\/em>. They managed to raise a total of <em>24 million dollars<\/em> from their investors below.<a href=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supra-oracles.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-6126 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supra-oracles.bmp\" alt=\"supra oracles\" width=\"849\" height=\"544\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_the_Founder_of_Supra_Oracles\"><\/span><strong>Who is the Founder of Supra Oracles?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Joshua D<\/strong>. <strong>Tobkin<\/strong> is the founding partner and current CEO of <strong>Supra Oracles<\/strong>. He completed his education at Drew University in the state of New York. He has previously participated in several projects such as UnityChain, Content Mutual INC, Social Climax, and FoodStems.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supraa.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-6127 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supraa.bmp\" alt=\"supraa\" width=\"693\" height=\"317\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Supra_Oracles_Tokenomics\"><\/span><strong>Supra Oracles Tokenomics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the established tokenomics of <strong>Supra Oracles<\/strong>, additionally the total supply is 10 billion. Also the distribution of these tokens allocates 21% to block rewards, 17% to the foundation, 16% to the team, 11% to the ecosystem fund, and labels 35% as other. According to data in the pre-sale tab, we estimate that the first listing will put on the market an amount ranging between 150 million and 200 million.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supra-tokenomics.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-6128 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supra-tokenomics.bmp\" alt=\"supra tokenomics\" width=\"729\" height=\"501\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Supra_Oracles_Airdrop\"><\/span><strong>Supra Oracles Airdrop<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Supra Oracles, considering its community, published an airdrop project under the name <strong>Blast Off<\/strong>. In this project, users can earn Supra Tokens by inviting their friends or get a Supra box by solving the questions given by Supra once a week.<\/p>\n<p>Moreover, there are external tasks where you can earn stars and <strong>Supra<\/strong> by participating in various events. Also the amount you win from here will receive a 10% distribution with TGE in the first month, and we will distribute the remaining amount over 18 months at a rate of 5%.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supra-airdrop.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6129\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/supra-airdrop.bmp\" alt=\"supra airdrop\" width=\"1354\" height=\"517\" \/><\/a><\/p>\n<hr \/>\n<p><em>In the comment section, you can freely share your comments and\u00a0 opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supra Oracles is a cutting-edge blockchain platform that specialises in delivering DeFi ecosystem and real-world data. Supra Oracles emerges as a solution to liquidity and infrastructure fragmentation inside Web3. So they are aiming to resolve this with their product called IntraLayer. Also IntraLayer is an integrated solution framework that fully amalgamates the market and liquidity,<\/p>\n","protected":false},"author":2,"featured_media":6130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[2228,1603,2145,2227,2229],"class_list":["post-6115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-oracle-project","tag-project-review","tag-supra","tag-supra-oracles","tag-supra-token"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Supra Oracles? What Does It Do? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Supra Oracles is a cutting-edge blockchain platform that specialises in delivering DeFi ecosystem and real-world data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-supra-oracles-what-does-it-do\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Supra Oracles? 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