Exploring Exorde, the decentralized solution to online misinformation

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“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're misinformed.” – Mark Twain said that. Or did he?

The ubiquitous popularity of social media has made us more informed about local and world events than at any other point in history. But a free flow of information has turned out to be a double-edged sword. Indeed, Mark Twain’s words ring more true now than in the 19th century.

The spread of online misinformation regarding health, science, politics and many other important topics has the potential to cause real harm. The more people read about misinformation, the more it gets amplified by various algorithms creating a vicious self-fulfilling cycle. Big social platforms such as Facebook and Twitter have attempted to tackle the problem but with billions of users no amount of flesh-and-blood moderators could possibly tackle such a massive challenge. What makes matters even more complicated is the fact that misinformation often isn’t coming from a single source but from all corners of the internet.

So how can we address this growing concern? Exorde has the answer.

Data transparency on a global scale

Based on the Ethereum Layer 2 SKALE network and using a combination of IPFS and Filecoin for storage, Exorde was specifically designed to combat misinformation in the digital realm. The Exorde network makes decentralized information management possible by collecting and analyzing publicly available data from social networks and news websites. Exorde utilizes blockchain technology and artificial intelligence, eliminating the centralization bias of tech companies. This results in a trustful, relevant and unbiased worldwide data service.

Exorde is maintained by a decentralized global community of contributors (currently over 70,000), actively gathering information in any language. The collected data is then processed by a Natural Language Processing AI which can determine people's reactions to a given event or topic through sentiment analysis. With thousands of contributors worldwide coming to the same conclusion, Exorde removes bias across all topics.

Exorde applicationsMarket forecasts

Existing social networks can be utilized to predict market trends with high accuracy. Exorde leverages this approach by utilizing global sentiment analysis to forecast fluctuations in the market for different tokens and stocks. Users can benefit from customized alerts and make well-informed trading decisions.

E-reputation

The Exorde Index analyzes global sentiment in real time and provides its clients with reliable market predictions. This technology can also be used to analyze sentiment related to brands, public figures and current events. E-reputation is a metric that captures the overall live sentiment expressed by people on social networks concerning a particular subject specified by the client. Thanks to Exorde, businesses and individuals can get valuable insights into public sentiment, enabling them to effectively manage their online reputation.

Search trend analytics

When a web search is performed, the language used can significantly affect the availability of information. A considerable amount of data related to client queries is often not displayed to the end user. As a result, users are frequently exposed to similar viewpoints, which can further polarize opinions and lead to the creation of echo bubbles, similar to what happens on social media platforms. To counter such misinformation, Exorde's Web Analysis tool allows anyone to access any piece of information without restrictions.

Exorde tokenomics

The Exorde network features a powerful token economy designed to reward its community. The EXD token is the native ERC-20 asset of the Exorde ecosystem. It has a total maximum supply of 200 million, 34% of which is allocated to protocol rewards.

The initial token allocation will be balanced between ecosystem participants, investors, backers and the Exorde Labs team. Use-cases of the EXD token include:

Protocol feesBountiesParticipant rewardsStaking

In exchange for their contributions to the network, users earn EXD tokens per completed task plus reputation points, allowing them to participate in governance, staking and other network activities. Read more about EXD on the Exorde website.

The public sale is now live

Having raised $2.5 million, Exorde has already launched its Testnet. However, you still have the opportunity to become an early contributor by participating in the public sale. The EXD public token sale is split into three tiers. Once the quota for a tier is filled, the next tier begins. First come, first served.

Tier 1 = $0.33/EXD for the first 500 000 EXD tokens soldTier 2 = $0.34/EXD for the next 1 500 000 EXD tokens soldTier 3 = $0.35/EXD for the last 10 000 000 EXD tokens sold

The Exorde public sale began on February 15 and will conclude on March 10. The Exorde main net is scheduled to launch in the second quarter of 2023 on both decentralized and centralized exchanges.

Want to know more about Exorde? Read the whitepaper.

Make sure to follow the Exorde social channels and stay up to date:

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