The rising popularity and growth of different social media channels have helped keep us more updated and informed about national and international events than ever before. However, this free flow of news and information has become a doubtful advantage.
According to Mark Twain, if people do not read the newspaper, they are uninformed. But if they do read the newspaper, they are misinformed. These words sound more believable now than when it was said back in the nineteenth century. The flow of misinformation on the internet on topics like science, politics, health, and other essential matters in today’s world can potentially harm the readers. The misinformation gets more amplified as more individuals read about them. The problem gets aggravated by multiple algorithms creating the most vicious self-fulfilling cycle.
Giant social media platforms, including Twitter and Facebook, have consistently tried to resolve this issue. However, no moderator could tackle this massive challenge. What aggravates this problem is that it is not coming from one source but from different parts of the internet world.
Exorde has a solution to this growing concern. Exorde was designed to deal with misinformation in the online realm based on Layer 2 SKALE Ethereum network, using a blend of Filecoin and IPFS for storage.
Exorde makes decentralized information management possible by analyzing and collecting publicly available information from other news and social media websites. Exorde uses artificial intelligence and blockchain technology to eliminate the centralized biasedness of giant tech companies. The outcome of this is an unbiased, trustful, and relevant data service available worldwide.
Exorde is maintained by a decentralized community of over 70,000 contributors who gather information in multiple languages. Natural Language Processing AI processes the accumulated data that determines people’s reactions to a particular topic or event through sentiment analysis. With more than a thousand contributors having the same conclusion, Exorde can remove bias across different issues.
Exorde Applications
Market Forecasts
Current social media platforms can be used to predict and analyze market trends accurately. This approach is leveraged by Exorde using global sentiment analysis to predict fluctuations in the digital market for various stocks and stockings. Users can enjoy customized alerts to make well-informed and profitable decisions.
E-Reputation
The Exorde Index monitors and analyzes global sentiment and provides reliable market forecasts to its clients. The technology can monitor other sentiments related to public figures, current events, and brands. E-reputation captures the overall sentiment on social networks expressed by users connecting to a specific subject. With the help of Exorde, individuals and businesses can get relevant insights into the global sentiment that allows them to manage their reputation online effectively.
Search Trend Analytics
The language used while performing a web search can substantially affect information availability. A substantial amount of information related to customer queries is not always displayed to end users. Due to this, users are often exposed to the same viewpoints, further polarizing opinions and creating echo bubbles. To resolve such misinformation, the web analysis tool developed by Exorde can allow users to access information online without any restrictions.
Exorde Tokenomics
Exorde features a robust token economy that is designed to reward community members. The native ERC-20 digital token of the Exorde ecosystem, EXD tokens, has a total max. Supply of 200 million. Out of which, 34% is allocated to the protocol rewards.
The initial allocation of tokens will be balanced among investors, participants, bankers, and the team of Exorde Labs. EXD token’s use cases include bounties, staking, participant rewards, and protocol fees.
The users earn EXD tokens for every completed task and reputation point for contributing to the network. The reputation points allow them to participate in Exorde staking, governance, and other activities. Read more about EXD on the Exorde website.
The public sale goes live
Exorde has raised $2.5 million and launched its testnet. Nevertheless, users still have the chance to become early contributors by joining the public sale. The EXD token sale will be split into three tiers. On a ‘first come, first served’ basis, the next will begin once a tier’s quota is complete.
- Tier 1 = $0.33/EXD for the first 500 000 EXD tokens sold
- Tier 2 = $0.34/EXD for the subsequent 1 500 000 EXD tokens sold
- Tier 3 = $0.35/EXD for the last 10 000 000 EXD tokens sold
The public sale of Exorde was initiated on the 15th of February and will end on the 10th of March. The main net will be scheduled on centralized and decentralized exchanges in the 2nd quarter of the year.
Know more about Exorde here, whitepaper.
To get more updates, follow the Exorde social channel given on the links below:-
Source: https://www.cryptonewsz.com/exorde-the-decentralized-solution-to-online-misinformation/