Zoracles is a cryptocurrency project that was started in 2020. The Zoracles developers originally specialized in two things: oracles and privacy tools. Their name is a portmanteau of “Z” and “oracles.” The “Z” represents privacy tools like ZKPs and zkSNARKs. “Oracles” represent devices or entities that connect deterministic blockchains with off-chain data.
The Zoracles team found itself in a unique position with the emergence of Decentralized Finance (DeFi). The developers’ skillsets allowed them to integrate privacy features and oracles into some exciting and disruptive products.
Zoracles is currently focusing on its flagship product: The ZORA Score, a first of its kind on-chain credit evaluation algorithm. The ZORA Score is designed to enhance the security and trust around DeFi operations like lending and trading.
Zoracles is also building powerful products derived from the ZORA Score, such as ZoraCredit, a market-first no-collateral (unsecured) lending platform, and NFTSwap, a trading platform built around enhanced security trading NFTs. Other projects are also being considered.
The Zoracles team also has leveraged their skills on some traditional products, such as Price Feeds. But those are not the primary focus on the project at the moment.
Zoracles used the native ERC-20 ZORA token and has a Decentralized Autonomous Organization (DAO) that controls its governance. The ZORA Token is currently a governance token but will have utility in the future within the Zoracles product ecosystem.
In the following sections, you'll find much more detail about what our goals are and what we are trying to accomplish. You are always welcome to participate in social media channels, read our Medium, and view our routinely updated Roadmap.
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Our last event was a community AMA on the Zoracles main Telegram on February 17th, 2021 @ 4:00 PM UTC. Stay tuned for new event annoucements.