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Ares is an on-chain verifying oracle protocol powered by Polakdot. It provides reliable off-chain data efficiently and in a trustless manner. Ares is built on Substrate and constructed as a parachain to link to Polkadot's ecology and share its security consensus. It is a scalable oracle network that provides decentralized data services to the Polkadot ecosystem and its parachains.
It is the first decentralized cross-chain Oracle service protocol that can realize on-chain verification, and also open up a compensation channel for data users who suffer business losses due to using Oracle data in Polkadot ecosystem. It integrates On-Chain governance, brings the optimistic rollup challenge model into the realm of Oracle, supports ink contract, and brings a quality Oracle experience to the DeFi ecosystem. As an infrastructure builder bridging the real world and the Blockchain network, facing the grand vision of the Web3.0 era, it provides secure and reliable data services for the development of digital economy and communication between multiple chains.
The Ares token will be released to motivate all participants in the system and ensure the growth and development of the ecosystem through community governance.