Erasure Buy Token

www.erasure.world

Total Value Locked

$2.3M

USD Locked

$2.3M

ETH Supply Locked

121,351.91

Blockchain

Ethereum

Change

0.74%

What is erasure?

The Erasure protocol is a creation of the Numerai project developed with the aim of enhancing the functioning of the project itself. Every application that derives from Erasure is powered by their ERC20 token, Numeraire (NMR).

The vision of this protocol revolves around the concept of decentralized information and all that derives from it, thus providing the right framework for the birth of a new and revolutionary ecosystem that will be changed by the ideas developed by Erasure.

The aim is to support any information with a monetary value; this process is able to significantly increase the reliability of data and to give a level of reputation to the users who are disclosing this data, without the need to really know or trust them.

The protocol, being open-source, through the power of the imagination can allow the creation of infinite solutions and applications, thus changing the rules of the game in a radical way.

For now it is used for three different applications that will be analyzed below. The CEO Richard Craib, a few months ago launched a giveaway of NMR tokens for a total value of $1 million, aimed at developers as an incentive to create applications on the Erasure protocol.

Numerai is a hedge fund, consisting of a set of “tournaments”, which uses machine learning models applied to a huge amount of datasets for predictions about the performance of the stock market.

Erasure Quant, on the other hand, is the platform where data about the stock market can be found. Users give alerts and everyone can bet on them, thus judging their degree of validity, which is also influenced by the return that an alert can give.

The aggregate of alerts allows the platform, through specific algorithms, to give a certain score to each asset which indicates a relative long or short position.

How to use erasure?

The entire aggregate of alerts fuelled by the data can then be used by hedge funds such as Numerai to improve their performance, thereby increasing the quality of their forecasts thanks to the use of those data.

Erasure Bay is a portal through which it is possible to request many things: information, a secret, work material etc. Each request is automatically published on the platform's Twitter account and registered in a smart contract.

To ensure that incorrect or unsatisfactory answers are not given, the informant must "bet" on their source by depositing a certain amount in the contract, a way of certifying confidence in the information, increasing its reliability.

If that does not happen, the applicant may decide to burn the sum deposited by the counterparty. In the event that the information was valid then the applicant will issue a reward to the person who transferred it. Anyone can answer and it is possible to destroy the staked amount of anyone who has not respected what they wanted to achieve.

Erasure Historical Stats

  • Date
  • TVL (USD)
  • TVL Change
  • Total ETH Locked
  • ETH Locked 1d
  • 05 Aug 2020
  • TVL USD $2,298,007
  • TVL Change $-14,568.00
  • Total ETH Locked 121,352 ETH
  • ETH Locked 1d 0.00 ETH
  • 04 Aug 2020
  • TVL USD $2,312,575
  • TVL Change $-1,216.00
  • Total ETH Locked 121,352 ETH
  • ETH Locked 1d 0.00 ETH
  • 03 Aug 2020
  • TVL USD $2,313,791
  • TVL Change $-47,357.00
  • Total ETH Locked 121,352 ETH
  • ETH Locked 1d 0.00 ETH
  • 02 Aug 2020
  • TVL USD $2,361,148
  • TVL Change $25,416.00
  • Total ETH Locked 121,352 ETH
  • ETH Locked 1d 0.00 ETH
  • 01 Aug 2020
  • TVL USD $2,335,732
  • TVL Change $3,704.00
  • Total ETH Locked 121,352 ETH
  • ETH Locked 1d 0.00 ETH
  • 31 Jul 2020
  • TVL USD $2,332,028
  • TVL Change $3,211.00
  • Total ETH Locked 121,352 ETH
  • ETH Locked 1d 795.14 ETH
  • 30 Jul 2020
  • TVL USD $2,328,817
  • TVL Change $-106,038.00
  • Total ETH Locked 120,557 ETH
  • ETH Locked 1d 0.00 ETH
  • 29 Jul 2020
  • TVL USD $2,434,855
  • TVL Change $-44,563.00
  • Total ETH Locked 120,557 ETH
  • ETH Locked 1d 0.00 ETH
  • 28 Jul 2020
  • TVL USD $2,479,418
  • TVL Change $63,939.00
  • Total ETH Locked 120,557 ETH
  • ETH Locked 1d 0.00 ETH
  • 27 Jul 2020
  • TVL USD $2,415,479
  • TVL Change $60,254.00
  • Total ETH Locked 120,557 ETH
  • ETH Locked 1d 0.00 ETH
  • 26 Jul 2020
  • TVL USD $2,355,225
  • TVL Change $7,105.00
  • Total ETH Locked 120,557 ETH
  • ETH Locked 1d 0.00 ETH
  • 25 Jul 2020
  • TVL USD $2,348,120
  • TVL Change $-145,842.00
  • Total ETH Locked 120,557 ETH
  • ETH Locked 1d 0.00 ETH
  • 24 Jul 2020
  • TVL USD $2,493,962
  • TVL Change $-25,504.00
  • Total ETH Locked 120,557 ETH
  • ETH Locked 1d 3,034.53 ETH
  • 23 Jul 2020
  • TVL USD $2,519,466
  • TVL Change $3,611.00
  • Total ETH Locked 117,522 ETH
  • ETH Locked 1d 0.00 ETH
  • 22 Jul 2020
  • TVL USD $2,515,855
  • TVL Change $145,760.00
  • Total ETH Locked 117,522 ETH
  • ETH Locked 1d 0.00 ETH
  • 21 Jul 2020
  • TVL USD $2,370,095
  • TVL Change $22,313.00
  • Total ETH Locked 117,522 ETH
  • ETH Locked 1d 0.00 ETH
  • 20 Jul 2020
  • TVL USD $2,347,782
  • TVL Change $-19,967.00
  • Total ETH Locked 117,522 ETH
  • ETH Locked 1d 0.00 ETH
  • 19 Jul 2020
  • TVL USD $2,367,749
  • TVL Change $54,081.00
  • Total ETH Locked 117,522 ETH
  • ETH Locked 1d 0.00 ETH
  • 18 Jul 2020
  • TVL USD $2,313,668
  • TVL Change $-29,405.00
  • Total ETH Locked 117,522 ETH
  • ETH Locked 1d 0.00 ETH
  • 17 Jul 2020
  • TVL USD $2,343,073
  • TVL Change $55,263.00
  • Total ETH Locked 117,522 ETH
  • ETH Locked 1d 2,425.12 ETH