Atleta Network Price (ATLA)

What Is Atleta Network(ATLA)?

$ATLA is the native unit of account and settlement asset that denominates resource consumption and activity on the Atleta Blockchain.

ATLETA is a platform that is composed of three constituent layers based on their functionality: Execution, Interoperability, and Storage; all three of which are interconnected and governed by a universal network of nodes.

What is the Utility of ATLA Token?

1) Unit of Account

All activity on ATLETA is denominated in $ATLA. Whenever any action is called on the ATLETA Chain, the system will require the servers upon which validators nodes are operating to conduct some amount of computation. In order to process that computation, the servers will have to consume resources (electricity and block space) to compute and publicize the original request. These operational costs are calculated in $ATLA.

2) Settlement

Given that transactions on ATLETA consume resources and that those resources have a material cost to the validator operators, those material costs are passed on transaction initiators and must be paid for in $ATLA. Regardless of the transaction type or purpose, in order to be active participants on ATLETA, users will have to possess reserves of $ATLA coins.

3) Consensus and Governance:

In order to contribute to the economic well-being of ATLETA and increase its security, users must signal their commitments by pledging the $ATLA coins; regardless of whether it be a validator bonding their coins to a hardware device or a nominator that is simply staking them.

In addition to accessing the rewards accrued from securing ATLETA, users will unlock access to the ATLETAgov pallet; a governance module that is enshrined into the core protocol itself. In order to become an active member in the governance processes (veto/approve, discuss, and submit proposals), users must post collateral into the protocol.

4) Parachain Deployment

Parachains on ATLETA borrow the validator security and access the interoperability features to seamlessly communicate with other chains in the ATLETA ecosystem. This imples increasing the workload of ATLETA's validator set. An increase in workload means heightened competition for network resources and highly volatile, variable payment streams. Rather than imposing such uncertainty constraints on new chains joining ATLETA's ecosystem, Parachains have been given a radically different model for justifying their involvement.

Atleta Network (ATLA) Community

• Twitter: https://twitter.com/Atleta_Network
• Discord: https://discord.com/invite/atletanetwork
• Telegram 1: https://t.me/atleta_chat
• Telegram 2: https://t.me/atleta_network