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Autonolas (OLAS): Rediscovering LEGO The Crypto Way

Autonolas (OLAS): Rediscovering LEGO The Crypto Way

Beginner
2024-02-22 | 5m

What Is Autonolas (OLAS)?

Autonolas is the answer to the limitations of smart contracts, such as continuously running or accessing data on different chains or via external APIs. Autonolas proposes complete autonomy in the digital space, especially for DAOs, who, until now, can't go fully decentralised because they need external actors to interact with smart contracts for continuous operations.

How Does Autonolas (OLAS) Work?

Autonolas has a unique architecture that can be rearranged to satisfy every user's needs. The four composable elements of Autonolas are:

• a multi-agent system framework that allows developers to easily create applications with specific requirements

• consensus for agent services (i.e. autonomous software services) to ensure trustless and non-conflicting operations

• architecture of crypto-native off-chain services that creates a temporary blockchain for P2P communication between centralised applications

• the on-chain protocol, which facilitates a safe and secure coordination of software code on the public blockchain.

The OLAS token is designed to be the Autonolas' ecosystem binder. OLAS will, first and foremost, serve as a means of coordination between participants in the ecosystem for autonomous services to be created, operated and sustained efficiently. It can also be distributed to developers in proportion to their on-chain contributions and used to foster community growth.

OLAS Goes Live on Bitget

OLAS is listed on Bitget in the Innovation Zone and the AI Zone.

How to Trade OLAS on Bitget

Step 1: Go to OLAS spot trading page;

Step 2: Enter the amount and the type of order, then click Buy/Sell.

Trade OLAS on Bitget now!

How to Join OLAS Promotion on Bitget

The OLAS promotion event begins on Thursday, February 22 at 11:00 AM (UTC) and ends on Thursday, February 29 at 11:00 AM (UTC). $10,000 in OLAS will be rewarded for users who deposit at least $50 in OLAS at a rebate of 10%. Each user can get up to $100 OLAS - hurry up while the supply lasts!

Take part in the OLAS promotion today!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.