The TokenGød Oracle
Where data stops being noise and value is measured by truth.
📊 How TGD Value is Calculated
The oracle is a smart contract deployed on BNB Smart Chain that calculates the value of TGD using a public, deterministic formula:
- 75%: Based on the top 10 cryptocurrencies by market capitalization.
- 25%: Based on internal TGD supply and demand metrics.
Calculation process:
- Top 10 asset prices and market caps are fetched from CoinMarketCap.
- Prices are normalized by dividing by √market cap.
- Weights are assigned, summed, and scaled by 10,000.
A resilient average grounded in the core of crypto market data.
🔍 Full Transparency
Every update creates a verifiable JSON file:
- Included cryptocurrencies with individual values.
- Weights, normalized values, final result.
- Timestamp and node wallet address.
Stored as crypto_snapshot.json, accessible for community audit.
📌 Upcoming Enhancements
- Multi-source API price validation.
- On-chain signing via EIP-712 standard.
- Community-driven oracle data auditing.
TokenGød doesn't just report prices. It redefines digital truth.
📺 Oracle Infographic
Explore the infographic below for a quick visual explanation of the oracle: