📊 How We Calculate the TGD Value

The TokenGød oracle is an on-chain smart contract deployed on BNB Smart Chain. It determines the price of TGD using a public, deterministic formula composed of two components:

• 75%: Composite index of the top 10 cryptocurrencies by market capitalization.
• 25%: Internal indicators based on supply and demand recorded on TokenGød's own smart contracts.

The crypto index is calculated as follows:

• We retrieve the prices and market caps of the top 10 cryptoassets (excluding stablecoins and fiat) from CoinMarketCap.
• Each price is normalized by dividing it by the square root of its market cap.
• The normalized prices are weighted according to each asset’s share of total market cap.
• The weighted sum is multiplied by 10,000 to define the base TGD price unit.

A transparent, resilient average rooted in the core of crypto market data.

🔍 Total Transparency

Each price update generates a verifiable JSON snapshot including:

• List of cryptocurrencies used in the calculation.
• Original prices and market capitalizations for each asset.
• Timestamp and node wallet address.

These are stored in crypto_snapshot.json and can be verified anytime.

📌 Limitations and Improvements

Upcoming improvements include:

• Multi-API price source integration for redundancy.
• Price signing with EIP-712 before committing to blockchain.
• Decentralized audits of price snapshots and oracle node behavior.

TokenGød doesn’t just read the market. It defines digital truth.

📺 Oracle Infographic

For a visual summary of our oracle mechanism, explore the official infographic below: