What is Supra Crypto: The Rise of a New Force in Web3 Infrastructure
1. Introduction
In recent years, the cryptocurrency market has shown explosive growth, from the initial germination of the concept of decentralized finance triggered by the birth of Bitcoin, to the blooming of thousands of cryptocurrencies today, and the market size has expanded dramatically. In this dynamic and innovative market, Supra Crypto has gradually emerged as a rising star in the cryptocurrency space with its unique technical architecture and application scenarios. Supra Crypto aims to build an intralayer, a cross-chain interoperability middleware layer with native oracles, VRFs (verifiable random functions), and automation, to create a more secure interoperability infrastructure for the future of blockchains. Innovatively linking L1 and L2, Web2 and Web3 through “bridgeless” cross-chain technology, the vertical integration of these solutions has been realized, and it is committed to breaking the silo effect between blockchains, promoting the interconnection between different ecosystems, and promoting the application of blockchain technology in more fields.
Log in to the Gate.io trading platform now to trade SUPRA tokens:https://www.gate.io/trade/SUPRA_USDT
2. Overview of Supra Crypto
2.1 Project Origin and Vision
The origin of Supra Crypto can be traced back to 2018, initiated by a group of passionate and innovative entrepreneurs and technical experts in the blockchain technology field. At that time, although the blockchain industry was developing rapidly, it faced many challenges, with interoperability issues being particularly prominent. Different blockchains were like isolated islands, with data unable to flow freely, limiting the widespread application and development of blockchain technology.
Against this background, the core team of Supra Crypto decided to establish a project aimed at solving the blockchain interoperability problem and building a more open, efficient, and secure blockchain ecosystem. They are well aware that to achieve this goal, it is necessary to break through the limitations of traditional technology and develop innovative solutions. After in-depth research and exploration, Supra Crypto proposed the concept of building a cross-chain interoperable middleware layer called Intralayer with native oracles, VRF (Verifiable Random Function), and automation capabilities.
The vision of Supra Crypto is to create a vertically integrated basic network platform that covers everything, providing strong support for the construction of underlying applications in the Web3.0 era. Through Intralayer, Supra Crypto hopes to achieve seamless connection between L1 and L2, Web2 and Web3, break down the barriers between blockchains, promote interconnection between different ecosystems, and allow value and data to flow freely globally. This not only helps to promote the deep application of blockchain technology in finance, supply chain, Internet of Things, and other fields, but also provides users with more convenient, efficient, and secure services, ushering in a new era of decentralized application.
2.2 Core Team Introduction
Supra Crypto has a core team composed of experts from multiple fields such as blockchain, cryptography, computer science, etc. The team members’ rich professional backgrounds and experiences provide strong support for the project’s technological research and development.
One of its co-founders, Dr. Aniket Kate, graduated from the Swiss Federal Institute of Technology in Zurich and is a well-known expert in cryptography and zero-knowledge proofs in the industry. He has deep expertise in the fields of blockchain and cryptography, has published dozens of high-quality papers, and his research achievements in consensus, oracles, and other areas have laid a solid theoretical foundation for the technical development of Supra Crypto. For example, his research on decentralized oracles has provided key technical insights for the design of Supra Crypto’s DORA oracle protocol, significantly improving the security and efficiency of the protocol.
CTO Larron in the team, who was a senior engineer at Sony, has rich practical experience in software development, system architecture design, and other aspects. After joining Supra Crypto, he led the development of multiple key technology modules, such as the Moonshot consensus engine. The engine adopts a new consensus algorithm, which, while ensuring decentralization and security, achieves higher transaction throughput and lower latency, surpassing many similar projects in performance.
Co-founder Jon Jones has been serving as a blockchain consultant in Taipei since 2017, with keen insights and rich industry resources on the development trends of the blockchain industry. He has played an important role in the strategic planning, ecosystem construction, and market expansion of the project, promoting Supra Crypto to establish cooperative relationships with many well-known enterprises and projects, and facilitating the ecological development of the project.
In addition, the research and development team of Supra Crypto also includes experts from the fields of machine learning, data security, etc., most of whom have doctoral degrees from top universities and have outstanding research results and practical experience in their respective fields. The team members’ rich experience in the research and development of blockchain products and applications enables Supra Crypto to quickly translate cutting-edge theoretical research results into practical products and applications, driving the project forward continuously.
3. Technical Principle Analysis
Supra Crypto is able to stand out in the field of Blockchain thanks to its core technology. These technologies work together to build a secure, efficient, and reliable operating foundation for Supra Crypto, giving it significant advantages in key areas such as cross-chain interoperability, data acquisition and verification, and random number generation. The following will delve into its core technologies, including the DORA Oracle Protocol, DVRF random number scheme, and HyperNova cross-chain communication protocol, revealing their technical principles and innovations.
3.1 DORA Oracle Protocol
In the application of blockchain, the oracle is a key bridge connecting on-chain smart contracts and off-chain real-world data. Supra Crypto’s DORA (Distributed Oracle Agreement) oracle protocol is committed to solving the problem of how to aggregate these data into a single representative value and introduce them into the blockchain when there are multiple unsigned data sources, while ensuring a certain degree of Byzantine fault tolerance.
3.1.1 Protocol Mechanism
When faced with multiple information sources that have not been signed, the working mechanism of the DORA protocol is as follows: in the ideal situation without Byzantine faults (i.e., nodes operating normally, without failures or malicious behavior), a single node can obtain information from multiple information sources. However, in real distributed systems, Byzantine faults are inevitable, nodes may fail, resulting in unresponsiveness, or maliciously violate the protocol by providing incorrect or false data. At this time, multiple nodes are needed to participate in data acquisition and processing.
The DORA protocol requires all nodes to provide a value as input. When some nodes are Byzantine nodes, the remaining honest nodes will try to reach consensus and select a single representative value. This process is full of challenges because malicious nodes may intentionally disrupt the consensus. The DORA protocol addresses this challenge by introducing complex algorithms and mechanisms, with randomness being a key factor. By introducing randomness in the selection of validation nodes and validation order, the ability of attackers to launch attacks is greatly limited. Because attackers find it difficult to predict the validation process, they also find it difficult to conduct targeted disruptions.
3.1.2 Advantage Presentation
The DORA oracle protocol has many significant advantages. In terms of fault tolerance, it breaks through the limitations of traditional oracle protocols and is resilient to up to 51% Byzantine faults. Traditional oracle protocols typically can only tolerate 33% Byzantine faults, which means that under the DORA protocol, even if more than half of the nodes experience faults or malicious behavior, the protocol may still operate normally, ensuring the accuracy and consistency of the data.
In terms of security, the introduction of randomness in the design makes it difficult for attackers to disrupt the protocol through a fixed strategy. The randomized verification process increases the difficulty and uncertainty of attacks, effectively ensuring the secure transmission and aggregation of data. At the same time, the DORA protocol directly retrieves data from external sources and processes it through its own consensus algorithm, eliminating the need to rely on or trust external oracles, thus reducing security risks introduced by intermediaries.
From an application performance perspective, the DORA protocol has supported 46 mainnets including Ethereum, BNB Chain, Polygon, Avax, Arbitrum, Optimism, Linea, and Base. In these real-world application scenarios, the DORA protocol can achieve millisecond response times, quickly and accurately bringing off-chain data onto the chain, meeting the high demands of smart contracts for real-time data, and providing strong support for various decentralized applications. For example, in decentralized trading applications in the financial sector, the DORA protocol can timely access market price data to ensure fair and efficient trading; in supply chain finance applications, it can obtain real-time logistics information to ensure the transparency and trustworthiness of the supply chain.
3.2 DVRF Random Number Scheme
Randomness plays a crucial role in computing systems, especially in blockchain systems. It is an important factor in achieving security, and is indispensable in encryption methods such as multi-party computation and zero-knowledge proofs. Supra Crypto’s DVRF (Distributed Verifiable Random Functions) distributed verifiable random number scheme provides a reliable random number generation mechanism for blockchain systems.
3.2.1 Working Principle
The working principle of the DVRF scheme is based on the collaborative work of distributed systems. Unlike centralized VRF, DVRF involves multiple nodes in the process of generating random numbers, achieving decentralized random number generation. In this process, each participating node contributes its own computing power and data. Through specific algorithms and encryption technologies, the inputs from these nodes are integrated and calculated to ultimately generate a verifiable random number.
Specifically, DVRF utilizes Distributed Key Generation (DKG) technology, enabling multiple nodes to collectively generate a key pair, where the private key is held jointly by multiple nodes, ensuring the secure use of the private key through technologies such as threshold signatures. When generating random numbers, each node calculates based on a common input and their respective shares of private keys, then aggregates and verifies the calculation results. The random numbers generated in this way not only possess randomness but also have a verifiable generation process, allowing any node to confirm the authenticity and legitimacy of the random numbers through a public verification algorithm.
3.2.2 Application Scenarios
The DVRF random number scheme has wide applications in many fields. In lucky draw activities, DVRF can ensure the fairness of the draw results. Traditional lucky draw activities may have risks of human manipulation, while the random numbers generated by DVRF are based on the calculation of distributed nodes, and the generation process is verifiable, making it impossible for the draw results to be tampered with. For example, in some online lucky draw activities, using the DVRF scheme to determine the winners, participants can verify the generation process of the random numbers and be assured of the fairness of the draw.
In blockchain games, DVRF provides security for the randomness experience of the game. Taking NFT blind box games as an example, the content of each blind box is unknown before opening, and the random number generated by DVRF determines the rarity and type of NFT in the blind box. This makes the game more exciting and interesting, while also ensuring the fairness of the game, attracting more players to participate. In addition, in smart contract applications that require randomness, such as decentralized gambling applications, applications that allocate resources based on random results, etc., DVRF can play an important role, providing secure and reliable random number support for these applications.
3.3 HyperNova Cross-chain Communication Protocol
With the development of Blockchain technology, cross-chain communication has become the key technology to achieve interconnection between Blockchains. Supra Crypto’s HyperNova cross-chain communication protocol, with its unique ‘bridgeless’ design concept, brings higher security and scalability to cross-chain communication.
3.3.1 ‘Bridgeless’ Design Concept
Traditional cross-chain communication often relies on cross-chain bridges, which establish bridges between different blockchains to achieve the transfer of data and assets. However, cross-chain bridges have many problems, such as single point of failure, security vulnerabilities, etc. Once a cross-chain bridge is attacked, it may lead to serious asset losses and data leaks. The HyperNova protocol adopts a ‘bridgeless’ design, abandoning the traditional cross-chain bridge mode.
It is based on chain-to-chain cryptographic consensus and directly verifies the cryptographic signature of the source chain, allowing the target chain to ensure the validity of cross-chain data and events without relying on relay nodes for verification. Specifically, when Supra Crypto needs to communicate with other blockchains, it first becomes “aware” of the active validator set of the source chain (such as Ethereum) through a specific mechanism. Then, a relay node is added, which is only responsible for forwarding events from the source chain, while the task of verifying the validity of these events is handled by Supra Crypto’s validators. By cryptographically verifying Ethereum’s L1 consensus, this ensures that relevant events on the source chain are not omitted, censored, or delayed during delivery to the destination chain. This design significantly reduces the need for trust, as traditional “multisig models” require trusting that the majority of cross-chain bridge nodes are honest and always act correctly. In contrast, HyperNova’s “relay model” only requires the existence of a single honest node, thereby lowering the risk associated with risk.
3.3.2 Comparison with Traditional Cross-Chain Bridges
In terms of security, traditional cross-chain bridges rely on multi-signature verification. Once the majority of nodes are attacked or fail, the security of the entire cross-chain bridge is threatened. The ‘bridgeless’ design of the HyperNova protocol reduces the number of trusted nodes and the risk of attack. For example, in some cases where traditional cross-chain bridges were attacked, attackers were able to steal cross-chain assets by controlling the majority of validation nodes. With its unique design, the HyperNova protocol ensures the security of cross-chain communication as long as there is an honest node, even if some nodes are attacked.
In terms of efficiency, traditional cross-chain bridges usually require multiple rounds of consensus when conducting cross-chain operations, resulting in long operation time and low efficiency. The HyperNova protocol, on the other hand, can avoid multiple rounds of consensus and achieve faster execution. This is because it only relies on relay nodes to forward data, without the need for complex trust verification of the relay nodes, greatly reducing the time for cross-chain communication and improving efficiency. In terms of scalability, as the number of connected blockchains increases, the complexity and security risks of traditional cross-chain bridges will also grow exponentially. The design of the HyperNova protocol is more flexible and can better adapt to the communication needs between different blockchains, providing higher scalability and laying the foundation for large-scale interconnection of future blockchain networks.
4. Application Scenario Exploration
With its unique technological advantages, Supra Crypto has shown broad application potential in multiple fields. Whether in the thriving DeFi sector, the dynamic gaming and NFT sector, or other emerging potential application areas, Supra Crypto can provide key technical support to drive innovation and development in these sectors. The following will delve into the application scenarios of Supra Crypto in different fields, analyzing its specific application methods and value.
4.1 DeFi Field Applications
Decentralized finance (DeFi) as an important application area of blockchain technology has achieved rapid development in recent years. DeFi aims to build a financial system that does not require the participation of traditional financial intermediaries, realizing decentralization, transparency, and efficiency of financial services. In this rapidly growing field, Supra Crypto, with its advanced technology, especially the DORA oracle protocol, provides crucial data support and security for DeFi projects, playing an important role in price data provision and smart contract interaction.
4.1.1 Price Data Provision
In DeFi projects, accurate price data is the foundation of financial trading and decision-making. Taking decentralized exchange platforms (DEX) as an example, real-time and accurate asset price data is crucial for users to conduct transactions. If the price data is inaccurate or delayed, it may lead to losses for users in trading, affecting market fairness and stability.
The DORA oracle protocol of Supra Crypto obtains asset price information from multiple data sources and processes and verifies this data using its unique consensus algorithm, providing highly accurate and reliable price data for DeFi projects. For example, on mainstream DEX platforms such as Uniswap and SushiSwap, the DORA oracle protocol can monitor the price fluctuations of various cryptocurrencies in real-time and transmit this data to the chain promptly, ensuring that trading platforms can match trades based on the latest price information. Compared to traditional price data acquisition methods, the DORA protocol not only provides faster and more accurate price data but also effectively resists Byzantine faults and malicious attacks, ensuring the security and integrity of price data. During market volatility, the DORA protocol can respond quickly, adjust price data promptly, provide a stable trading environment for users, and avoid trading risks caused by price lag.
4.1.2 Smart Contract Interaction
Smart contracts are a core component of DeFi, automatically executing preset rules and conditions to achieve the automation and decentralization of financial transactions. Ensuring the accuracy of transaction execution and the security of data interaction is crucial during the execution of smart contracts.
Through its technical architecture, Supra Crypto ensures the secure and reliable interaction between DeFi smart contracts and external data sources. When smart contracts need to access off-chain data to trigger transactions or perform other operations, Supra’s DORA oracle protocol can transmit accurate data to smart contracts, ensuring that smart contracts execute correctly according to the predetermined logic. In lending protocols, smart contracts need to determine loan amounts and interest payments based on market interest rates and the value of collateral assets. Supra’s DORA oracle protocol can real-time access market interest rate data and collateral asset price data, providing these data to smart contracts to accurately calculate loan amounts and interest, ensuring the fairness and security of lending transactions. Additionally, Supra’s cross-chain communication technology enables smart contracts to interact with other contracts on different blockchains, expanding the scope and functionality of DeFi applications. By interacting with asset contracts on other blockchains, users can achieve cross-chain asset transfers and transactions, further enhancing the interoperability and convenience of DeFi.
4.2 Gaming and NFT Field Applications
With the development of blockchain technology, the gaming and NFT (non-fungible token) fields have become emerging hot application scenarios. These two fields have extremely high requirements for the authenticity, randomness, and ownership verification of data. Supra Crypto’s technology happens to meet these needs, bringing a fairer, more interesting, and safer experience to the gaming and NFT fields.
4.2.1 Game Randomness Guarantee
In blockchain games, the randomness of game results is one of the important factors attracting players, which directly affects the fairness and fun of the game. Taking NFT blind box games as an example, when players purchase blind boxes, they expect the contents of each box to be randomly and fairly distributed, in order to ensure fair competition and player enthusiasm.
Supra Crypto’s DVRF (Distributed Verifiable Random Functions) distributed verifiable random number scheme provides reliable randomness guarantee for blockchain games. DVRF generates random numbers through multiple nodes and utilizes encryption technology to ensure the verifiability of the generation process, preventing any node from tampering with the random results. In NFT blind box games, when players open a blind box, the game smart contract will call Supra’s DVRF to generate a random number, which determines the rarity and type of NFT in the blind box. Due to the randomness and verifiability of DVRF, players can be confident that the contents of the blind box are completely randomly generated, without any possibility of human intervention, thereby enhancing players’ trust and engagement in the game. At the same time, this verifiable randomness also provides game developers with more innovative space. They can develop more challenging and interesting gameplays based on DVRF, such as competitive matches and treasure hunting games based on random results, further enriching the content and experience of blockchain games.
4.2.2 NFT Asset Verification
NFT, as a unique digital asset, the verification of its authenticity and ownership is crucial. Each NFT represents a one-of-a-kind digital asset, such as digital artworks, virtual lands, in-game items, etc., ensuring the clear ownership and authenticity to protect the rights of creators and holders, promoting the healthy development of the NFT market.
Supra Crypto uses its technology to verify the authenticity and ownership of NFT assets. By storing relevant information of NFTs such as asset metadata, creator information, transaction records, etc., on the blockchain and utilizing encryption technology for signing and verification, Supra ensures that the information of NFTs cannot be tampered with, and the transfer of ownership and transaction records are clear and traceable. When an NFT is created, its related information is recorded on the blockchain, generating a unique hash value. This hash value serves as the ‘ID card’ of the NFT, and through Supra’s verification mechanism, anyone can verify the authenticity and ownership of the NFT. In the NFT trading market, buyers can use Supra’s verification tools to confirm the authenticity and valid ownership transfer of the purchased NFT, significantly reducing fraud risks in NFT transactions, improving market transparency and trustworthiness, and facilitating the circulation and trading of NFT assets.
4.3 Other Potential Application Areas
In addition to applications in DeFi, gaming, and NFT fields, Supra Crypto has also shown potential application value in other areas such as supply chain finance and identity verification, which are expected to bring innovation and change to the relevant industries.
In the field of supply chain finance, various links in the supply chain need to share information and cooperate. At the same time, financial institutions need to accurately understand information about goods and transaction records on the supply chain to assess risks and provide financing services. Supra Crypto’s cross-chain communication technology and oracle protocol can achieve data sharing and verification between different nodes on the supply chain, ensuring the authenticity and timeliness of data. By combining with IoT devices, Supra can real-time access information such as the location and status of goods and transmit this information to the blockchain, providing reliable data support for financial institutions. During the transportation of goods, sensors can real-time collect environmental data such as temperature and humidity of goods. Supra’s oracle protocol transmits this data to the chain, and financial institutions can assess the quality and risks of goods based on this data, providing more accurate financing services for supply chain enterprises. Furthermore, Supra’s technology can also automate the execution of smart contracts in supply chain finance, improving transaction efficiency and reducing transaction costs.
In the field of identity verification, traditional identity verification methods have issues such as privacy leaks and low security. Supra Crypto can utilize the tamper-proof and encryption technologies of blockchain to provide users with a more secure and private identity verification solution. Users’ identity information can be encrypted and stored on the blockchain. When identity verification is required, through Supra’s verification mechanism, the verifying party can confirm the user’s identity authenticity without obtaining the user’s complete identity information. This method not only protects users’ privacy but also enhances the security of identity verification, reducing the risk of identity theft. In scenarios such as online financial services and e-government, Supra’s identity verification technology can provide users with a more convenient and secure service experience.
5. Market Performance Insights
5.1 Token Economic Model
5.1.1 Token Issuance and Distribution
SUPRA Coin is the native token of the Supra Crypto ecosystem, with a total issuance of 100 billion coins. Regarding token distribution, although some detailed allocation ratios and unlocking rules have not been fully disclosed, reasonable speculation can be made based on existing information and common industry practices.
Usually, a portion of the tokens will be allocated to the project team and early investors to incentivize their technical research and project promotion work. This portion of the tokens may have a certain lock-up period, for example, 1-3 years, and then gradually unlocked to ensure that the team and early investors are committed to the long-term development of the project, avoiding short-term cash-out behavior that may impact the market. Another portion of the tokens will be used for ecosystem development, including incentivizing node operations, attracting developers to build applications on the Supra platform, etc. In this way, it promotes the prosperity and development of the ecosystem, increasing the demand for SUPRA coins. Another portion of the tokens may be reserved for future marketing promotions, strategic partnerships, and other needs during the project development process. In some similar projects, the proportion of tokens allocated for ecosystem development may reach 30%-50%, while the proportion allocated to the team and early investors is around 20%-30%, and the reserved portion may be 10%-20%. Of course, the specific allocation ratio needs to be based on the final information disclosed by Supra Crypto official.
5.1.2 Economic Incentive Mechanism
SUPRA plays an important role in the Supra Crypto ecosystem as an economic incentive. In terms of node incentives, users holding SUPRA can participate in node staking, becoming validation nodes or delegation nodes in the network. Validation nodes are responsible for verifying transactions, packaging blocks, etc., while delegation nodes delegate their stakes to validation nodes to collectively maintain the network’s security and stability. In return, nodes receive a certain amount of SUPRA coin rewards, the quantity of which is related to the amount of SUPRA staked by the node, the node’s operational efficiency, and the overall network operation. This incentive mechanism attracts more users to participate in node operation, enhancing the network’s decentralization and security.
In terms of ecological development incentives, SUPRA coins are used to encourage developers to build decentralized applications (dApps) on the Supra platform. During the process of developing and deploying dApps, developers may need to use SUPRA coins to pay for platform services such as oracle data query fees, cross-chain communication fees, etc. At the same time, when dApps are successful and attract a large number of users and businesses, developers can obtain corresponding economic returns through SUPRA coins, such as application transaction fee sharing, token appreciation income, etc. This incentivizes developers to innovate actively, promotes the landing of more high-quality dApps in the Supra ecosystem, further enriches the application scenarios and functions of the ecosystem, and promotes the healthy development of the ecosystem.
5.2 Market Price Trends
5.2.1 Historical Price Review
Since the issuance of SUPRA coin, the price has shown a significant fluctuating trend. On November 27, 2024, at Gate.ioWhen Sesame Open Exchange was first launched, the market had high expectations for it, and the initial price was affected by market enthusiasm and investor sentiment. However, the Bitcoin market subsequently experienced its first adjustment, increasing uncertainty in the entire cryptocurrency market, and the price of SUPRA was also affected. On December 11, 2024, Supra officially launched its mainnet and initiated the Token Generation Event (TGE), with SUPRA tokens listed on BYDFi. In the past week, the price of $SUPRA has surged by 304.30%, reaching a milestone, reflecting the increasing market interest in its innovative blockchain. Subsequently, the price experienced a certain degree of correction.
Behind the price fluctuations, key milestone events have had a significant impact. The launch of the mainnet and the start of TGE mark a new development stage for the Supra project, attracting more investor attention and increasing market demand for SUPRA coins, thereby driving up the price. However, the adjustment in the Bitcoin market and the overall volatility of the cryptocurrency market have led to a decrease in investor risk appetite, making them more cautious in investing in emerging cryptocurrencies like SUPRA, resulting in price declines. In addition, the project’s technological progress, the release of partnership news, etc., will also to varying degrees influence investor confidence and expectations in SUPRA coins, thus affecting their price trends.
5.3 Market Competitive Situation
5.3.1 Analysis of Main Competitors
In the cryptocurrency market, Supra Crypto faces competition from multiple projects, among which Chainlink is one of its main competitors in the oracle field. As a leading oracle network in the industry, Chainlink has a strong partner ecosystem and extensive integrations. It has established partnerships with many well-known enterprises and projects, enjoying high visibility and user base in the market. For example, in the financial sector, Chainlink provides price data and other off-chain information for many decentralized finance (DeFi) projects, ensuring the normal operation of these projects.
From a technical perspective, Chainlink excels in decentralization and scalability. It utilizes a distributed node network, where multiple nodes collectively provide data and verification, enhancing the reliability and security of the data. At the same time, Chainlink continuously optimizes its technical architecture to meet the growing market demands, capable of supporting large-scale smart contract applications. In terms of market strategy, Chainlink focuses on brand building and market promotion, actively participating in various industry activities to enhance its influence in the market. It also expands its application scenarios and market share through deep cooperation with other blockchain projects.
5.3.2 Supra’s Competitive Advantages and Challenges
Supra has significant competitive advantages in technology. Its independently developed DORA oracle protocol is more resilient to up to 51% Byzantine faults compared to traditional oracle protocols, thus providing higher security. At the same time, the DORA protocol directly obtains data from external sources and processes it through its own consensus algorithm, eliminating the need to rely on or trust external oracles, reducing security risks associated with intermediary links, and achieving millisecond-level response times, making it more efficient in data acquisition and processing. In addition, Supra’s HyperNova cross-chain communication protocol adopts a ‘bridgeless’ design, based on chain-to-chain encrypted consensus, directly verifying the source chain’s cryptographic signatures, enabling the target chain to ensure the validity of cross-chain data and events without relying on relay nodes for verification. Compared to traditional cross-chain bridges relying on multi-signature verification, it offers higher security and scalability.
However, Supra also faces many challenges. In terms of market competition, competitors like Chainlink have already occupied a certain share in the market, with a large number of users and partners. Supra needs to make more efforts to attract users and expand the market. In terms of ecosystem construction, although Supra has launched its mainnet and some dApps, compared with some mature blockchain projects, its ecosystem is still in the early stage of development, with relatively limited application scenarios and user numbers, it needs to be further enriched and strengthened. In addition, the uncertainty of regulatory policies is also an important challenge. With the development of the cryptocurrency market, regulatory agencies are paying increasing attention to it. Future regulatory policies may affect the development of Supra. How to continue to innovate and develop under the premise of compliance is a problem that Supra needs to face.
6. Development Status Assessment
6.1 Project Progress Tracking
Since its inception, Supra Crypto has made significant progress in technology research and development and ecosystem construction. In 2023, Supra achieved a series of important milestones. In terms of venture capital financing, it successfully raised over $24 million in a private placement in September last year, with a strong lineup of investors including Coinbase Ventures, Galaxy Interactive, HashKey, Hashed, and Dahua Bank Capital Management, among the world’s top investment institutions. This not only provides ample financial support for the project’s future development but also demonstrates the industry’s high recognition of Supra Crypto’s potential. In October of the same year, with a valuation of $4.8 billion, it raised $3.6 million in a public presale, exceeding the initial target of $2.4 million by 150%, and attracted more than 3,800 supporters from over 100 countries. This achievement indicates that Supra Crypto has attracted widespread attention globally, and investors are confident in its future development.
In terms of technological breakthroughs, 2023 was also fruitful. The oracle mainnet was launched, and its Pull and Push distributed oracle services (DORA) already support 46 mainnets, including Ethereum, BNB Chain, Polygon, Avax, Arbitrum, Optimism, Linea, and Base, among other mainstream blockchains, with plans to deploy more mainnets in the future. This establishes Supra Crypto’s important position in the oracle field, providing reliable data support for numerous blockchain projects. The distributed verifiable random function service (dVRF) has also launched on most mainstream blockchains, including Ethereum and BNB Chain, providing the industry with highly decentralized and high-quality random number technology, ensuring fairness and transparency for on-chain lotteries, GameFi loot boxes, and NFT rarity generation functions. Additionally, the cross-chain communication protocol HyperNova and the cross-chain bridge protocol HyperLoop were released. HyperLoop has game theory security and resistance to collusion, making it an industry first that can adapt to different cross-chain application scenarios. For example, cross-chain communication from L1 to L1 is suitable for HyperNova, while communication and asset transfers from L2 to L2 are more suitable for HyperLoop.
By the development of Supra Crypto has accelerated. On November 27th, the integrated L1 public chain, Supra MoveVM Layer1 mainnet, was officially launched, marking the project’s entry into a new phase. Supra stated that this is an important step toward realizing its vision—to use Supra’s IntraLayer to connect all blockchains, and even the Web2 world. IntraLayer, as a unified layer, is designed to link the entire digital finance sector. At the same time, the TGE (Token Generation Event) of its SUPRA token began at 21:00 Beijing time on November 27th, with the token listed on major exchanges such as ByBit, KuCoin, Gate, and MEXC, and set to be listed on more exchanges in the future. This move further enhances the SUPRA token’s liquidity and market presence, drawing increased attention from investors. Since the launch of Supra’s testnet in August 2024, it has processed over 9 million transactions, demonstrating robust performance and stability. The Blastoff event attracted 510,000 participants, establishing it as a benchmark in the Web3 community. Many developers are planning to launch dApps on the Supra mainnet by the end of the year, further enriching the ecosystem and driving its ongoing growth.
6.2 Ecological Construction Results
6.2.1 Partner Relationship
Supra Crypto actively establishes partnerships with other projects and institutions to expand its ecosystem and use cases. In the blockchain field, Supra has partnered with the public chain Radix to provide ‘push’ and ‘pull’ oracle services for over 100 popular cryptocurrencies, supporting Web3 and DeFi use cases. Through this collaboration, Supra’s oracle services can provide more accurate and reliable data support for projects on the Radix public chain, promoting the development of DeFi and Web3 applications in the Radix ecosystem. Additionally, Supra has integrated Verifiable Random Functions (VRF) to support various applications involving randomness, including Web3 games, metaverse, NFTs, and governance, further enriching the application scenarios of the Radix public chain.
The integration with ApeChain is also one of the important collaboration achievements of Supra. Supra has become the first provider to deploy oracle price feeds and verifiable random function (DVRF) protocol on Arbitrum L3. Based on innovative oracle and DVRF services on L1, Supra provides real-time data and fair randomness support for GameFi, DeFi, and other decentralized applications on ApeChain, effectively improving the performance and trustworthiness of these applications. This collaboration not only brings stronger technical support to applications on ApeChain but also expands Supra’s influence in the Arbitrum ecosystem.
These collaborations are of great value to the ecological development of Supra Crypto. Through cooperation with other public chains and projects, Supra is able to promote its advanced technology and services to a wider range of application scenarios, improve the recognition of its technology, and increase its market share. The collaborations also promote interconnection between different blockchain ecosystems, providing users with a richer and more convenient service experience. The cooperation with Radix and ApeChain enables Supra’s oracle and DVRF services to support more Web3 and DeFi applications, allowing users to enjoy more accurate data and fairer randomness in these applications, thereby enhancing their trust and willingness to use these applications. The collaborations also bring more users and developer resources to Supra, helping to further strengthen its ecosystem and form a virtuous cycle.
6.2.2 Community Development
Supra Crypto has made significant achievements in community development, with high community activity and a good trend of user growth. On social media, Supra’s influence continues to expand. Its Twitter followers have exceeded 250,000, Discord members have exceeded 160,000, Telegram community members have exceeded 30,000, and email subscribers have exceeded 820,000. These large social media fan bases provide Supra with a platform for direct communication and interaction with users. On Twitter, the official Supra account regularly posts project updates, technical developments, partnership dynamics, and other information to attract user attention and discussion. Users also leave comments in the comment section, asking questions, providing suggestions and opinions, to which the Supra team promptly responds, creating a good interactive atmosphere. In the Discord and Telegram communities, users spontaneously discuss topics related to Supra’s technology, applications, and investments, sharing their insights and experiences. Community managers actively participate in discussions, answer users’ questions, and maintain community order.
The community airdrop event ‘Countdown to Blastoff’ has also achieved great success. The event adopts the GameFi mode, attracting over 350,000 KYC-verified participants worldwide. Many participants have won generous gift packages, including top-tier Razer gaming laptops, $10,000 worth of PAX Gold, and round-the-world air tickets. This event not only increases users’ understanding and engagement with Supra but also enhances Supra’s market visibility and influence. By participating in the event, users gain a deeper experience of Supra’s ecosystem and technological advantages, fostering a stronger sense of identification and belonging to the project. The event has also attracted the attention and participation of many new users, making significant contributions to Supra’s user growth.
An active community provides multifaceted support for the development of Supra Crypto. The active participation and feedback from community members provide valuable suggestions for technical improvements and product optimization. Users may encounter issues or make suggestions while using Supra’s products and services, and this feedback can help the Supra team adjust strategies promptly, continuously improve products and services. The promotion and advocacy by community members also help attract more users and developers to join the Supra ecosystem. Users’ recognition and affection for Supra will prompt them to recommend Supra to friends, colleagues, and other blockchain enthusiasts, thereby expanding Supra’s user base and influence. The vibrant community atmosphere also provides developers with a good innovative environment, inspiring them to develop more high-quality applications on the Supra platform, further driving the prosperity and development of the Supra ecosystem.
Conclusion
Based on a comprehensive study of Supra Crypto, for investors, if they are optimistic about the long-term development potential of blockchain technology and have a certain risk tolerance, Supra Crypto can be allocated as part of the investment portfolio. Its innovative technology and wide range of applications are expected to bring substantial investment returns in a favorable market environment.
Given the high volatility and uncertainty of the cryptocurrency market, investors should reasonably control their investment proportions and avoid the risks of over-concentration. It is recommended that investors limit the proportion of investment in Supra Crypto to a certain range, such as 5% - 10% of the total investment portfolio, and the specific proportion can be adjusted according to individual risk preferences and investment objectives. At the same time, investors should maintain rationality and calmness, not be swayed by short-term market fluctuations, and adhere to the concept of long-term investment.
Related articles
Pi Coin Transaction Guide: How to Transfer to Gate.io
What is N2: An AI-Driven Layer 2 Solution
What is Official Elon Coin (ELON)?
What is Supra Crypto: The Rise of a New Force in Web3 Infrastructure
1. Introduction
2. Overview of Supra Crypto
3. Technical Principle Analysis
4. Application Scenario Exploration
5. Market Performance Insights
6. Development Status Assessment
Conclusion
1. Introduction
In recent years, the cryptocurrency market has shown explosive growth, from the initial germination of the concept of decentralized finance triggered by the birth of Bitcoin, to the blooming of thousands of cryptocurrencies today, and the market size has expanded dramatically. In this dynamic and innovative market, Supra Crypto has gradually emerged as a rising star in the cryptocurrency space with its unique technical architecture and application scenarios. Supra Crypto aims to build an intralayer, a cross-chain interoperability middleware layer with native oracles, VRFs (verifiable random functions), and automation, to create a more secure interoperability infrastructure for the future of blockchains. Innovatively linking L1 and L2, Web2 and Web3 through “bridgeless” cross-chain technology, the vertical integration of these solutions has been realized, and it is committed to breaking the silo effect between blockchains, promoting the interconnection between different ecosystems, and promoting the application of blockchain technology in more fields.
Log in to the Gate.io trading platform now to trade SUPRA tokens:https://www.gate.io/trade/SUPRA_USDT
2. Overview of Supra Crypto
2.1 Project Origin and Vision
The origin of Supra Crypto can be traced back to 2018, initiated by a group of passionate and innovative entrepreneurs and technical experts in the blockchain technology field. At that time, although the blockchain industry was developing rapidly, it faced many challenges, with interoperability issues being particularly prominent. Different blockchains were like isolated islands, with data unable to flow freely, limiting the widespread application and development of blockchain technology.
Against this background, the core team of Supra Crypto decided to establish a project aimed at solving the blockchain interoperability problem and building a more open, efficient, and secure blockchain ecosystem. They are well aware that to achieve this goal, it is necessary to break through the limitations of traditional technology and develop innovative solutions. After in-depth research and exploration, Supra Crypto proposed the concept of building a cross-chain interoperable middleware layer called Intralayer with native oracles, VRF (Verifiable Random Function), and automation capabilities.
The vision of Supra Crypto is to create a vertically integrated basic network platform that covers everything, providing strong support for the construction of underlying applications in the Web3.0 era. Through Intralayer, Supra Crypto hopes to achieve seamless connection between L1 and L2, Web2 and Web3, break down the barriers between blockchains, promote interconnection between different ecosystems, and allow value and data to flow freely globally. This not only helps to promote the deep application of blockchain technology in finance, supply chain, Internet of Things, and other fields, but also provides users with more convenient, efficient, and secure services, ushering in a new era of decentralized application.
2.2 Core Team Introduction
Supra Crypto has a core team composed of experts from multiple fields such as blockchain, cryptography, computer science, etc. The team members’ rich professional backgrounds and experiences provide strong support for the project’s technological research and development.
One of its co-founders, Dr. Aniket Kate, graduated from the Swiss Federal Institute of Technology in Zurich and is a well-known expert in cryptography and zero-knowledge proofs in the industry. He has deep expertise in the fields of blockchain and cryptography, has published dozens of high-quality papers, and his research achievements in consensus, oracles, and other areas have laid a solid theoretical foundation for the technical development of Supra Crypto. For example, his research on decentralized oracles has provided key technical insights for the design of Supra Crypto’s DORA oracle protocol, significantly improving the security and efficiency of the protocol.
CTO Larron in the team, who was a senior engineer at Sony, has rich practical experience in software development, system architecture design, and other aspects. After joining Supra Crypto, he led the development of multiple key technology modules, such as the Moonshot consensus engine. The engine adopts a new consensus algorithm, which, while ensuring decentralization and security, achieves higher transaction throughput and lower latency, surpassing many similar projects in performance.
Co-founder Jon Jones has been serving as a blockchain consultant in Taipei since 2017, with keen insights and rich industry resources on the development trends of the blockchain industry. He has played an important role in the strategic planning, ecosystem construction, and market expansion of the project, promoting Supra Crypto to establish cooperative relationships with many well-known enterprises and projects, and facilitating the ecological development of the project.
In addition, the research and development team of Supra Crypto also includes experts from the fields of machine learning, data security, etc., most of whom have doctoral degrees from top universities and have outstanding research results and practical experience in their respective fields. The team members’ rich experience in the research and development of blockchain products and applications enables Supra Crypto to quickly translate cutting-edge theoretical research results into practical products and applications, driving the project forward continuously.
3. Technical Principle Analysis
Supra Crypto is able to stand out in the field of Blockchain thanks to its core technology. These technologies work together to build a secure, efficient, and reliable operating foundation for Supra Crypto, giving it significant advantages in key areas such as cross-chain interoperability, data acquisition and verification, and random number generation. The following will delve into its core technologies, including the DORA Oracle Protocol, DVRF random number scheme, and HyperNova cross-chain communication protocol, revealing their technical principles and innovations.
3.1 DORA Oracle Protocol
In the application of blockchain, the oracle is a key bridge connecting on-chain smart contracts and off-chain real-world data. Supra Crypto’s DORA (Distributed Oracle Agreement) oracle protocol is committed to solving the problem of how to aggregate these data into a single representative value and introduce them into the blockchain when there are multiple unsigned data sources, while ensuring a certain degree of Byzantine fault tolerance.
3.1.1 Protocol Mechanism
When faced with multiple information sources that have not been signed, the working mechanism of the DORA protocol is as follows: in the ideal situation without Byzantine faults (i.e., nodes operating normally, without failures or malicious behavior), a single node can obtain information from multiple information sources. However, in real distributed systems, Byzantine faults are inevitable, nodes may fail, resulting in unresponsiveness, or maliciously violate the protocol by providing incorrect or false data. At this time, multiple nodes are needed to participate in data acquisition and processing.
The DORA protocol requires all nodes to provide a value as input. When some nodes are Byzantine nodes, the remaining honest nodes will try to reach consensus and select a single representative value. This process is full of challenges because malicious nodes may intentionally disrupt the consensus. The DORA protocol addresses this challenge by introducing complex algorithms and mechanisms, with randomness being a key factor. By introducing randomness in the selection of validation nodes and validation order, the ability of attackers to launch attacks is greatly limited. Because attackers find it difficult to predict the validation process, they also find it difficult to conduct targeted disruptions.
3.1.2 Advantage Presentation
The DORA oracle protocol has many significant advantages. In terms of fault tolerance, it breaks through the limitations of traditional oracle protocols and is resilient to up to 51% Byzantine faults. Traditional oracle protocols typically can only tolerate 33% Byzantine faults, which means that under the DORA protocol, even if more than half of the nodes experience faults or malicious behavior, the protocol may still operate normally, ensuring the accuracy and consistency of the data.
In terms of security, the introduction of randomness in the design makes it difficult for attackers to disrupt the protocol through a fixed strategy. The randomized verification process increases the difficulty and uncertainty of attacks, effectively ensuring the secure transmission and aggregation of data. At the same time, the DORA protocol directly retrieves data from external sources and processes it through its own consensus algorithm, eliminating the need to rely on or trust external oracles, thus reducing security risks introduced by intermediaries.
From an application performance perspective, the DORA protocol has supported 46 mainnets including Ethereum, BNB Chain, Polygon, Avax, Arbitrum, Optimism, Linea, and Base. In these real-world application scenarios, the DORA protocol can achieve millisecond response times, quickly and accurately bringing off-chain data onto the chain, meeting the high demands of smart contracts for real-time data, and providing strong support for various decentralized applications. For example, in decentralized trading applications in the financial sector, the DORA protocol can timely access market price data to ensure fair and efficient trading; in supply chain finance applications, it can obtain real-time logistics information to ensure the transparency and trustworthiness of the supply chain.
3.2 DVRF Random Number Scheme
Randomness plays a crucial role in computing systems, especially in blockchain systems. It is an important factor in achieving security, and is indispensable in encryption methods such as multi-party computation and zero-knowledge proofs. Supra Crypto’s DVRF (Distributed Verifiable Random Functions) distributed verifiable random number scheme provides a reliable random number generation mechanism for blockchain systems.
3.2.1 Working Principle
The working principle of the DVRF scheme is based on the collaborative work of distributed systems. Unlike centralized VRF, DVRF involves multiple nodes in the process of generating random numbers, achieving decentralized random number generation. In this process, each participating node contributes its own computing power and data. Through specific algorithms and encryption technologies, the inputs from these nodes are integrated and calculated to ultimately generate a verifiable random number.
Specifically, DVRF utilizes Distributed Key Generation (DKG) technology, enabling multiple nodes to collectively generate a key pair, where the private key is held jointly by multiple nodes, ensuring the secure use of the private key through technologies such as threshold signatures. When generating random numbers, each node calculates based on a common input and their respective shares of private keys, then aggregates and verifies the calculation results. The random numbers generated in this way not only possess randomness but also have a verifiable generation process, allowing any node to confirm the authenticity and legitimacy of the random numbers through a public verification algorithm.
3.2.2 Application Scenarios
The DVRF random number scheme has wide applications in many fields. In lucky draw activities, DVRF can ensure the fairness of the draw results. Traditional lucky draw activities may have risks of human manipulation, while the random numbers generated by DVRF are based on the calculation of distributed nodes, and the generation process is verifiable, making it impossible for the draw results to be tampered with. For example, in some online lucky draw activities, using the DVRF scheme to determine the winners, participants can verify the generation process of the random numbers and be assured of the fairness of the draw.
In blockchain games, DVRF provides security for the randomness experience of the game. Taking NFT blind box games as an example, the content of each blind box is unknown before opening, and the random number generated by DVRF determines the rarity and type of NFT in the blind box. This makes the game more exciting and interesting, while also ensuring the fairness of the game, attracting more players to participate. In addition, in smart contract applications that require randomness, such as decentralized gambling applications, applications that allocate resources based on random results, etc., DVRF can play an important role, providing secure and reliable random number support for these applications.
3.3 HyperNova Cross-chain Communication Protocol
With the development of Blockchain technology, cross-chain communication has become the key technology to achieve interconnection between Blockchains. Supra Crypto’s HyperNova cross-chain communication protocol, with its unique ‘bridgeless’ design concept, brings higher security and scalability to cross-chain communication.
3.3.1 ‘Bridgeless’ Design Concept
Traditional cross-chain communication often relies on cross-chain bridges, which establish bridges between different blockchains to achieve the transfer of data and assets. However, cross-chain bridges have many problems, such as single point of failure, security vulnerabilities, etc. Once a cross-chain bridge is attacked, it may lead to serious asset losses and data leaks. The HyperNova protocol adopts a ‘bridgeless’ design, abandoning the traditional cross-chain bridge mode.
It is based on chain-to-chain cryptographic consensus and directly verifies the cryptographic signature of the source chain, allowing the target chain to ensure the validity of cross-chain data and events without relying on relay nodes for verification. Specifically, when Supra Crypto needs to communicate with other blockchains, it first becomes “aware” of the active validator set of the source chain (such as Ethereum) through a specific mechanism. Then, a relay node is added, which is only responsible for forwarding events from the source chain, while the task of verifying the validity of these events is handled by Supra Crypto’s validators. By cryptographically verifying Ethereum’s L1 consensus, this ensures that relevant events on the source chain are not omitted, censored, or delayed during delivery to the destination chain. This design significantly reduces the need for trust, as traditional “multisig models” require trusting that the majority of cross-chain bridge nodes are honest and always act correctly. In contrast, HyperNova’s “relay model” only requires the existence of a single honest node, thereby lowering the risk associated with risk.
3.3.2 Comparison with Traditional Cross-Chain Bridges
In terms of security, traditional cross-chain bridges rely on multi-signature verification. Once the majority of nodes are attacked or fail, the security of the entire cross-chain bridge is threatened. The ‘bridgeless’ design of the HyperNova protocol reduces the number of trusted nodes and the risk of attack. For example, in some cases where traditional cross-chain bridges were attacked, attackers were able to steal cross-chain assets by controlling the majority of validation nodes. With its unique design, the HyperNova protocol ensures the security of cross-chain communication as long as there is an honest node, even if some nodes are attacked.
In terms of efficiency, traditional cross-chain bridges usually require multiple rounds of consensus when conducting cross-chain operations, resulting in long operation time and low efficiency. The HyperNova protocol, on the other hand, can avoid multiple rounds of consensus and achieve faster execution. This is because it only relies on relay nodes to forward data, without the need for complex trust verification of the relay nodes, greatly reducing the time for cross-chain communication and improving efficiency. In terms of scalability, as the number of connected blockchains increases, the complexity and security risks of traditional cross-chain bridges will also grow exponentially. The design of the HyperNova protocol is more flexible and can better adapt to the communication needs between different blockchains, providing higher scalability and laying the foundation for large-scale interconnection of future blockchain networks.
4. Application Scenario Exploration
With its unique technological advantages, Supra Crypto has shown broad application potential in multiple fields. Whether in the thriving DeFi sector, the dynamic gaming and NFT sector, or other emerging potential application areas, Supra Crypto can provide key technical support to drive innovation and development in these sectors. The following will delve into the application scenarios of Supra Crypto in different fields, analyzing its specific application methods and value.
4.1 DeFi Field Applications
Decentralized finance (DeFi) as an important application area of blockchain technology has achieved rapid development in recent years. DeFi aims to build a financial system that does not require the participation of traditional financial intermediaries, realizing decentralization, transparency, and efficiency of financial services. In this rapidly growing field, Supra Crypto, with its advanced technology, especially the DORA oracle protocol, provides crucial data support and security for DeFi projects, playing an important role in price data provision and smart contract interaction.
4.1.1 Price Data Provision
In DeFi projects, accurate price data is the foundation of financial trading and decision-making. Taking decentralized exchange platforms (DEX) as an example, real-time and accurate asset price data is crucial for users to conduct transactions. If the price data is inaccurate or delayed, it may lead to losses for users in trading, affecting market fairness and stability.
The DORA oracle protocol of Supra Crypto obtains asset price information from multiple data sources and processes and verifies this data using its unique consensus algorithm, providing highly accurate and reliable price data for DeFi projects. For example, on mainstream DEX platforms such as Uniswap and SushiSwap, the DORA oracle protocol can monitor the price fluctuations of various cryptocurrencies in real-time and transmit this data to the chain promptly, ensuring that trading platforms can match trades based on the latest price information. Compared to traditional price data acquisition methods, the DORA protocol not only provides faster and more accurate price data but also effectively resists Byzantine faults and malicious attacks, ensuring the security and integrity of price data. During market volatility, the DORA protocol can respond quickly, adjust price data promptly, provide a stable trading environment for users, and avoid trading risks caused by price lag.
4.1.2 Smart Contract Interaction
Smart contracts are a core component of DeFi, automatically executing preset rules and conditions to achieve the automation and decentralization of financial transactions. Ensuring the accuracy of transaction execution and the security of data interaction is crucial during the execution of smart contracts.
Through its technical architecture, Supra Crypto ensures the secure and reliable interaction between DeFi smart contracts and external data sources. When smart contracts need to access off-chain data to trigger transactions or perform other operations, Supra’s DORA oracle protocol can transmit accurate data to smart contracts, ensuring that smart contracts execute correctly according to the predetermined logic. In lending protocols, smart contracts need to determine loan amounts and interest payments based on market interest rates and the value of collateral assets. Supra’s DORA oracle protocol can real-time access market interest rate data and collateral asset price data, providing these data to smart contracts to accurately calculate loan amounts and interest, ensuring the fairness and security of lending transactions. Additionally, Supra’s cross-chain communication technology enables smart contracts to interact with other contracts on different blockchains, expanding the scope and functionality of DeFi applications. By interacting with asset contracts on other blockchains, users can achieve cross-chain asset transfers and transactions, further enhancing the interoperability and convenience of DeFi.
4.2 Gaming and NFT Field Applications
With the development of blockchain technology, the gaming and NFT (non-fungible token) fields have become emerging hot application scenarios. These two fields have extremely high requirements for the authenticity, randomness, and ownership verification of data. Supra Crypto’s technology happens to meet these needs, bringing a fairer, more interesting, and safer experience to the gaming and NFT fields.
4.2.1 Game Randomness Guarantee
In blockchain games, the randomness of game results is one of the important factors attracting players, which directly affects the fairness and fun of the game. Taking NFT blind box games as an example, when players purchase blind boxes, they expect the contents of each box to be randomly and fairly distributed, in order to ensure fair competition and player enthusiasm.
Supra Crypto’s DVRF (Distributed Verifiable Random Functions) distributed verifiable random number scheme provides reliable randomness guarantee for blockchain games. DVRF generates random numbers through multiple nodes and utilizes encryption technology to ensure the verifiability of the generation process, preventing any node from tampering with the random results. In NFT blind box games, when players open a blind box, the game smart contract will call Supra’s DVRF to generate a random number, which determines the rarity and type of NFT in the blind box. Due to the randomness and verifiability of DVRF, players can be confident that the contents of the blind box are completely randomly generated, without any possibility of human intervention, thereby enhancing players’ trust and engagement in the game. At the same time, this verifiable randomness also provides game developers with more innovative space. They can develop more challenging and interesting gameplays based on DVRF, such as competitive matches and treasure hunting games based on random results, further enriching the content and experience of blockchain games.
4.2.2 NFT Asset Verification
NFT, as a unique digital asset, the verification of its authenticity and ownership is crucial. Each NFT represents a one-of-a-kind digital asset, such as digital artworks, virtual lands, in-game items, etc., ensuring the clear ownership and authenticity to protect the rights of creators and holders, promoting the healthy development of the NFT market.
Supra Crypto uses its technology to verify the authenticity and ownership of NFT assets. By storing relevant information of NFTs such as asset metadata, creator information, transaction records, etc., on the blockchain and utilizing encryption technology for signing and verification, Supra ensures that the information of NFTs cannot be tampered with, and the transfer of ownership and transaction records are clear and traceable. When an NFT is created, its related information is recorded on the blockchain, generating a unique hash value. This hash value serves as the ‘ID card’ of the NFT, and through Supra’s verification mechanism, anyone can verify the authenticity and ownership of the NFT. In the NFT trading market, buyers can use Supra’s verification tools to confirm the authenticity and valid ownership transfer of the purchased NFT, significantly reducing fraud risks in NFT transactions, improving market transparency and trustworthiness, and facilitating the circulation and trading of NFT assets.
4.3 Other Potential Application Areas
In addition to applications in DeFi, gaming, and NFT fields, Supra Crypto has also shown potential application value in other areas such as supply chain finance and identity verification, which are expected to bring innovation and change to the relevant industries.
In the field of supply chain finance, various links in the supply chain need to share information and cooperate. At the same time, financial institutions need to accurately understand information about goods and transaction records on the supply chain to assess risks and provide financing services. Supra Crypto’s cross-chain communication technology and oracle protocol can achieve data sharing and verification between different nodes on the supply chain, ensuring the authenticity and timeliness of data. By combining with IoT devices, Supra can real-time access information such as the location and status of goods and transmit this information to the blockchain, providing reliable data support for financial institutions. During the transportation of goods, sensors can real-time collect environmental data such as temperature and humidity of goods. Supra’s oracle protocol transmits this data to the chain, and financial institutions can assess the quality and risks of goods based on this data, providing more accurate financing services for supply chain enterprises. Furthermore, Supra’s technology can also automate the execution of smart contracts in supply chain finance, improving transaction efficiency and reducing transaction costs.
In the field of identity verification, traditional identity verification methods have issues such as privacy leaks and low security. Supra Crypto can utilize the tamper-proof and encryption technologies of blockchain to provide users with a more secure and private identity verification solution. Users’ identity information can be encrypted and stored on the blockchain. When identity verification is required, through Supra’s verification mechanism, the verifying party can confirm the user’s identity authenticity without obtaining the user’s complete identity information. This method not only protects users’ privacy but also enhances the security of identity verification, reducing the risk of identity theft. In scenarios such as online financial services and e-government, Supra’s identity verification technology can provide users with a more convenient and secure service experience.
5. Market Performance Insights
5.1 Token Economic Model
5.1.1 Token Issuance and Distribution
SUPRA Coin is the native token of the Supra Crypto ecosystem, with a total issuance of 100 billion coins. Regarding token distribution, although some detailed allocation ratios and unlocking rules have not been fully disclosed, reasonable speculation can be made based on existing information and common industry practices.
Usually, a portion of the tokens will be allocated to the project team and early investors to incentivize their technical research and project promotion work. This portion of the tokens may have a certain lock-up period, for example, 1-3 years, and then gradually unlocked to ensure that the team and early investors are committed to the long-term development of the project, avoiding short-term cash-out behavior that may impact the market. Another portion of the tokens will be used for ecosystem development, including incentivizing node operations, attracting developers to build applications on the Supra platform, etc. In this way, it promotes the prosperity and development of the ecosystem, increasing the demand for SUPRA coins. Another portion of the tokens may be reserved for future marketing promotions, strategic partnerships, and other needs during the project development process. In some similar projects, the proportion of tokens allocated for ecosystem development may reach 30%-50%, while the proportion allocated to the team and early investors is around 20%-30%, and the reserved portion may be 10%-20%. Of course, the specific allocation ratio needs to be based on the final information disclosed by Supra Crypto official.
5.1.2 Economic Incentive Mechanism
SUPRA plays an important role in the Supra Crypto ecosystem as an economic incentive. In terms of node incentives, users holding SUPRA can participate in node staking, becoming validation nodes or delegation nodes in the network. Validation nodes are responsible for verifying transactions, packaging blocks, etc., while delegation nodes delegate their stakes to validation nodes to collectively maintain the network’s security and stability. In return, nodes receive a certain amount of SUPRA coin rewards, the quantity of which is related to the amount of SUPRA staked by the node, the node’s operational efficiency, and the overall network operation. This incentive mechanism attracts more users to participate in node operation, enhancing the network’s decentralization and security.
In terms of ecological development incentives, SUPRA coins are used to encourage developers to build decentralized applications (dApps) on the Supra platform. During the process of developing and deploying dApps, developers may need to use SUPRA coins to pay for platform services such as oracle data query fees, cross-chain communication fees, etc. At the same time, when dApps are successful and attract a large number of users and businesses, developers can obtain corresponding economic returns through SUPRA coins, such as application transaction fee sharing, token appreciation income, etc. This incentivizes developers to innovate actively, promotes the landing of more high-quality dApps in the Supra ecosystem, further enriches the application scenarios and functions of the ecosystem, and promotes the healthy development of the ecosystem.
5.2 Market Price Trends
5.2.1 Historical Price Review
Since the issuance of SUPRA coin, the price has shown a significant fluctuating trend. On November 27, 2024, at Gate.ioWhen Sesame Open Exchange was first launched, the market had high expectations for it, and the initial price was affected by market enthusiasm and investor sentiment. However, the Bitcoin market subsequently experienced its first adjustment, increasing uncertainty in the entire cryptocurrency market, and the price of SUPRA was also affected. On December 11, 2024, Supra officially launched its mainnet and initiated the Token Generation Event (TGE), with SUPRA tokens listed on BYDFi. In the past week, the price of $SUPRA has surged by 304.30%, reaching a milestone, reflecting the increasing market interest in its innovative blockchain. Subsequently, the price experienced a certain degree of correction.
Behind the price fluctuations, key milestone events have had a significant impact. The launch of the mainnet and the start of TGE mark a new development stage for the Supra project, attracting more investor attention and increasing market demand for SUPRA coins, thereby driving up the price. However, the adjustment in the Bitcoin market and the overall volatility of the cryptocurrency market have led to a decrease in investor risk appetite, making them more cautious in investing in emerging cryptocurrencies like SUPRA, resulting in price declines. In addition, the project’s technological progress, the release of partnership news, etc., will also to varying degrees influence investor confidence and expectations in SUPRA coins, thus affecting their price trends.
5.3 Market Competitive Situation
5.3.1 Analysis of Main Competitors
In the cryptocurrency market, Supra Crypto faces competition from multiple projects, among which Chainlink is one of its main competitors in the oracle field. As a leading oracle network in the industry, Chainlink has a strong partner ecosystem and extensive integrations. It has established partnerships with many well-known enterprises and projects, enjoying high visibility and user base in the market. For example, in the financial sector, Chainlink provides price data and other off-chain information for many decentralized finance (DeFi) projects, ensuring the normal operation of these projects.
From a technical perspective, Chainlink excels in decentralization and scalability. It utilizes a distributed node network, where multiple nodes collectively provide data and verification, enhancing the reliability and security of the data. At the same time, Chainlink continuously optimizes its technical architecture to meet the growing market demands, capable of supporting large-scale smart contract applications. In terms of market strategy, Chainlink focuses on brand building and market promotion, actively participating in various industry activities to enhance its influence in the market. It also expands its application scenarios and market share through deep cooperation with other blockchain projects.
5.3.2 Supra’s Competitive Advantages and Challenges
Supra has significant competitive advantages in technology. Its independently developed DORA oracle protocol is more resilient to up to 51% Byzantine faults compared to traditional oracle protocols, thus providing higher security. At the same time, the DORA protocol directly obtains data from external sources and processes it through its own consensus algorithm, eliminating the need to rely on or trust external oracles, reducing security risks associated with intermediary links, and achieving millisecond-level response times, making it more efficient in data acquisition and processing. In addition, Supra’s HyperNova cross-chain communication protocol adopts a ‘bridgeless’ design, based on chain-to-chain encrypted consensus, directly verifying the source chain’s cryptographic signatures, enabling the target chain to ensure the validity of cross-chain data and events without relying on relay nodes for verification. Compared to traditional cross-chain bridges relying on multi-signature verification, it offers higher security and scalability.
However, Supra also faces many challenges. In terms of market competition, competitors like Chainlink have already occupied a certain share in the market, with a large number of users and partners. Supra needs to make more efforts to attract users and expand the market. In terms of ecosystem construction, although Supra has launched its mainnet and some dApps, compared with some mature blockchain projects, its ecosystem is still in the early stage of development, with relatively limited application scenarios and user numbers, it needs to be further enriched and strengthened. In addition, the uncertainty of regulatory policies is also an important challenge. With the development of the cryptocurrency market, regulatory agencies are paying increasing attention to it. Future regulatory policies may affect the development of Supra. How to continue to innovate and develop under the premise of compliance is a problem that Supra needs to face.
6. Development Status Assessment
6.1 Project Progress Tracking
Since its inception, Supra Crypto has made significant progress in technology research and development and ecosystem construction. In 2023, Supra achieved a series of important milestones. In terms of venture capital financing, it successfully raised over $24 million in a private placement in September last year, with a strong lineup of investors including Coinbase Ventures, Galaxy Interactive, HashKey, Hashed, and Dahua Bank Capital Management, among the world’s top investment institutions. This not only provides ample financial support for the project’s future development but also demonstrates the industry’s high recognition of Supra Crypto’s potential. In October of the same year, with a valuation of $4.8 billion, it raised $3.6 million in a public presale, exceeding the initial target of $2.4 million by 150%, and attracted more than 3,800 supporters from over 100 countries. This achievement indicates that Supra Crypto has attracted widespread attention globally, and investors are confident in its future development.
In terms of technological breakthroughs, 2023 was also fruitful. The oracle mainnet was launched, and its Pull and Push distributed oracle services (DORA) already support 46 mainnets, including Ethereum, BNB Chain, Polygon, Avax, Arbitrum, Optimism, Linea, and Base, among other mainstream blockchains, with plans to deploy more mainnets in the future. This establishes Supra Crypto’s important position in the oracle field, providing reliable data support for numerous blockchain projects. The distributed verifiable random function service (dVRF) has also launched on most mainstream blockchains, including Ethereum and BNB Chain, providing the industry with highly decentralized and high-quality random number technology, ensuring fairness and transparency for on-chain lotteries, GameFi loot boxes, and NFT rarity generation functions. Additionally, the cross-chain communication protocol HyperNova and the cross-chain bridge protocol HyperLoop were released. HyperLoop has game theory security and resistance to collusion, making it an industry first that can adapt to different cross-chain application scenarios. For example, cross-chain communication from L1 to L1 is suitable for HyperNova, while communication and asset transfers from L2 to L2 are more suitable for HyperLoop.
By the development of Supra Crypto has accelerated. On November 27th, the integrated L1 public chain, Supra MoveVM Layer1 mainnet, was officially launched, marking the project’s entry into a new phase. Supra stated that this is an important step toward realizing its vision—to use Supra’s IntraLayer to connect all blockchains, and even the Web2 world. IntraLayer, as a unified layer, is designed to link the entire digital finance sector. At the same time, the TGE (Token Generation Event) of its SUPRA token began at 21:00 Beijing time on November 27th, with the token listed on major exchanges such as ByBit, KuCoin, Gate, and MEXC, and set to be listed on more exchanges in the future. This move further enhances the SUPRA token’s liquidity and market presence, drawing increased attention from investors. Since the launch of Supra’s testnet in August 2024, it has processed over 9 million transactions, demonstrating robust performance and stability. The Blastoff event attracted 510,000 participants, establishing it as a benchmark in the Web3 community. Many developers are planning to launch dApps on the Supra mainnet by the end of the year, further enriching the ecosystem and driving its ongoing growth.
6.2 Ecological Construction Results
6.2.1 Partner Relationship
Supra Crypto actively establishes partnerships with other projects and institutions to expand its ecosystem and use cases. In the blockchain field, Supra has partnered with the public chain Radix to provide ‘push’ and ‘pull’ oracle services for over 100 popular cryptocurrencies, supporting Web3 and DeFi use cases. Through this collaboration, Supra’s oracle services can provide more accurate and reliable data support for projects on the Radix public chain, promoting the development of DeFi and Web3 applications in the Radix ecosystem. Additionally, Supra has integrated Verifiable Random Functions (VRF) to support various applications involving randomness, including Web3 games, metaverse, NFTs, and governance, further enriching the application scenarios of the Radix public chain.
The integration with ApeChain is also one of the important collaboration achievements of Supra. Supra has become the first provider to deploy oracle price feeds and verifiable random function (DVRF) protocol on Arbitrum L3. Based on innovative oracle and DVRF services on L1, Supra provides real-time data and fair randomness support for GameFi, DeFi, and other decentralized applications on ApeChain, effectively improving the performance and trustworthiness of these applications. This collaboration not only brings stronger technical support to applications on ApeChain but also expands Supra’s influence in the Arbitrum ecosystem.
These collaborations are of great value to the ecological development of Supra Crypto. Through cooperation with other public chains and projects, Supra is able to promote its advanced technology and services to a wider range of application scenarios, improve the recognition of its technology, and increase its market share. The collaborations also promote interconnection between different blockchain ecosystems, providing users with a richer and more convenient service experience. The cooperation with Radix and ApeChain enables Supra’s oracle and DVRF services to support more Web3 and DeFi applications, allowing users to enjoy more accurate data and fairer randomness in these applications, thereby enhancing their trust and willingness to use these applications. The collaborations also bring more users and developer resources to Supra, helping to further strengthen its ecosystem and form a virtuous cycle.
6.2.2 Community Development
Supra Crypto has made significant achievements in community development, with high community activity and a good trend of user growth. On social media, Supra’s influence continues to expand. Its Twitter followers have exceeded 250,000, Discord members have exceeded 160,000, Telegram community members have exceeded 30,000, and email subscribers have exceeded 820,000. These large social media fan bases provide Supra with a platform for direct communication and interaction with users. On Twitter, the official Supra account regularly posts project updates, technical developments, partnership dynamics, and other information to attract user attention and discussion. Users also leave comments in the comment section, asking questions, providing suggestions and opinions, to which the Supra team promptly responds, creating a good interactive atmosphere. In the Discord and Telegram communities, users spontaneously discuss topics related to Supra’s technology, applications, and investments, sharing their insights and experiences. Community managers actively participate in discussions, answer users’ questions, and maintain community order.
The community airdrop event ‘Countdown to Blastoff’ has also achieved great success. The event adopts the GameFi mode, attracting over 350,000 KYC-verified participants worldwide. Many participants have won generous gift packages, including top-tier Razer gaming laptops, $10,000 worth of PAX Gold, and round-the-world air tickets. This event not only increases users’ understanding and engagement with Supra but also enhances Supra’s market visibility and influence. By participating in the event, users gain a deeper experience of Supra’s ecosystem and technological advantages, fostering a stronger sense of identification and belonging to the project. The event has also attracted the attention and participation of many new users, making significant contributions to Supra’s user growth.
An active community provides multifaceted support for the development of Supra Crypto. The active participation and feedback from community members provide valuable suggestions for technical improvements and product optimization. Users may encounter issues or make suggestions while using Supra’s products and services, and this feedback can help the Supra team adjust strategies promptly, continuously improve products and services. The promotion and advocacy by community members also help attract more users and developers to join the Supra ecosystem. Users’ recognition and affection for Supra will prompt them to recommend Supra to friends, colleagues, and other blockchain enthusiasts, thereby expanding Supra’s user base and influence. The vibrant community atmosphere also provides developers with a good innovative environment, inspiring them to develop more high-quality applications on the Supra platform, further driving the prosperity and development of the Supra ecosystem.
Conclusion
Based on a comprehensive study of Supra Crypto, for investors, if they are optimistic about the long-term development potential of blockchain technology and have a certain risk tolerance, Supra Crypto can be allocated as part of the investment portfolio. Its innovative technology and wide range of applications are expected to bring substantial investment returns in a favorable market environment.
Given the high volatility and uncertainty of the cryptocurrency market, investors should reasonably control their investment proportions and avoid the risks of over-concentration. It is recommended that investors limit the proportion of investment in Supra Crypto to a certain range, such as 5% - 10% of the total investment portfolio, and the specific proportion can be adjusted according to individual risk preferences and investment objectives. At the same time, investors should maintain rationality and calmness, not be swayed by short-term market fluctuations, and adhere to the concept of long-term investment.
Related articles
Pi Coin Transaction Guide: How to Transfer to Gate.io
What is N2: An AI-Driven Layer 2 Solution