FAQ

FREQUENTLY

ASKED

QUESTIONS

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BASIC KNOWLEDGE

What is a Blockchain Oracle and why is it important?
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Oracles are crucial components of a blockchain, as they provide smart contracts with the valuable information they need to function.

Blockchains and their smart contracts are closed platforms that cannot natively access data from the outside world on their own. Oracles provide them with various real-world data forms, such as price information, the successful completion of a payment, the temperature measured by a sensor, sports results, and many more.

What distinguishes Charli3 from other Oracle solutions?
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Charli3 is a decentralized Oracle designed from the ground up for the Cardano network.

A fully Cardano-centric perspective lets us focus on the specific needs of Cardano and its projects, as well as take advantage of the features available on Cardano that other chains might not offer. This also implies easier integration with Cardano projects while also being more cost-efficient.

What is the C3 token and what is its utility?
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The C3 token is a Cardano Native Token that powers the Charli3 Oracle. It is the currency used to pay the node operators for providing accurate data feeds. To get the data feeds, Dapps will be paying C3 tokens to the node operators per correct node value aggregated and so, therefore, supporting the perpetual utility of the C3 token.

Is there a maximum supply for the C3 token?
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The max supply of C3 tokens is 100,000,000, and it will remain unchanged.

Is there a story behind the logo and name?
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Charli3 took the approach of focusing our name on a character, to be more approachable and connect with people instead of only businesses. Charli3 is an homage to Charles Hoskinson, the “3” replacing the “e” is tech/leet speak given the industry we are in, as well as representing the 3 founders Damon, Jonas, and Robert.

Is Charli3 hiring?
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Charli3 is not currently interviewing applicants for specific positions, but we are always looking for skilled individuals with a passion for blockchain oracles & how they can improve blockchain applications. So feel free to reach out by sending an email to [email protected].

THE C3 TOKEN

How to buy the C3 token? And which wallet can I use to store my C3 tokens?
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Important: always refer to the documentation of products you use to purchase and store tokens before taking any steps. Charli3 Oracle cannot be held responsible for any issues you might encounter using third party exchanges or wallets.

Right now, you can purchase C3 here:

→ VyFi

→ Minswap

→ MuseliSwap

→ SundaeSwap

→ WingRiders

You can check the price of C3 here: TapTools

There are multiple Cardano wallet options, such as GeroWallet, Yoroi, Nami Wallet, etc. We recommend GeroWallet, a truly all-in-one user-centric DeFi app governed by the community as a decentralized autonomous platform on the Cardano Network. GeroWallet simplifies the purchasing process as well, allowing users to purchase C3 directly inside of the wallet using their built-in DEX aggregator. To download GeroWallet, click here.

For a step-by-step guide on how to purchase and store C3 tokens,
click here.

What is a CNT?
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A CNT is a Cardano Native Token.

Cardano Native tokens are crypto assets that can be created and distributed natively on the Cardano blockchain and are able to interact with Cardano smart contracts. These tokens can include tokens, stablecoins, and NFTs.

For step-by-step instructions on how to bridge your tokens, please follow our dedicated article by clicking here.

What are the contract addresses?
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IMPORTANT: Do not buy ERC-20 C3 tokens as they are no longer supported. If you have purchased ERC-20 C3 prior to August 1st 2022, please bridge your tokens by 05 April 2024 by
clicking here.

Please find below the correct C3 contract addresses:

→ CNT (Cardano Native Token) contract address:

8e51398904a5d3fc129fbf4f1589701de23c7824d5c90fdb9490e15a

→ ERC-20 contract address (for verification purposes only, NOT supported by Charli3 anymore):

0xf1a91C7d44768070F711c68f33A7CA25c8D30268

ENHANCE KNOWLEDGE

How does Charli3 work? And why is it better than a general API call?
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Dapps that manage data need security. Using a single API data source like Coingecko is a massive risk as it has no security for; removing bad data sources, data health checks, or outlying values. They are also a single point of failure that can be attacked and shut down easily

Charli3 uses a decentralized network of node operators to manage data for assets from as many sources as possible. The node aggregation protocol also has built in security features:

→ Data redundancy: Aggregation of many points of data from a set of node operators, ensuring data trust.

→ Data health checks: automatically making sure the data source is still reporting properly. If the health is off, that data is removed before the aggregations

→ Removed Outliers: Interquartile range, to ensure outliers are removed from data aggregation, keeping it accurate.

→ Fully auditable: on-chain records of all aggregations

→ Up to date: Data gathered directly from the source, not third party, for the most up to date values.

ANY project that offers trading/lending/borrowing/betting/payouts/synthetics, should be using an oracle for security. Using a single point API is dangerous.

What are the use cases for Charli3?
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Some of the main technical use cases include:

→ Decentralized price-feeds

→ As an adapter to load off-chain data on-chain

→ Proof of Reserve: Stable coins, Real world assets, etc…

These services can be used by many different DeFi solutions, stablecoins, Decentralized Exchanges, synthetics, and more.

Who can use Charli3 Oracle?
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Some of the main technical use cases include:

→ Decentralized price-feeds

→ As an adapter to load off-chain data on-chain

→ Proof of Reserve: Stable coins, Real world assets, etc…

→ These services can be used by many different DeFi solutions, stablecoins, Decentralized Exchanges, synthetics, and more.

How can I keep up-to-date with Charli3’s activity?
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Whether it’s through frequent short Twitter updates, videos, longer in-depth blog articles, or our Discord and Telegram communities, we make it easy for you to stay up-to-date with our activity. For the full list of our resources, click here.

Important notice: Any channel claiming to be an official Charli3 community that is not listed above is likely to be a fake channel set up by scammers. Ignore or delete them. Our team will also never reach out directly to people. Beware of scams, and always verify claims and requests through official channels before taking actions.

How can I run a node?
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Node operation will be handled initially by our trusted sources and not open to public operation until a future date.

COMMUNITY INVOLVEMENT

Why did Charli3 release NFTs?
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The NFTs were released for community engagement, and to hopefully bring some form of utility to aid in community retention and engagement. In the short term, they were used as a way for people to directly support the project.

Why should I hold a Charli3 NFT?
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Holding a Charli3 NFT allows you an avenue to support Charli3, and the Charli3 community. It gives you another way to engage with other community members, and it allows you to become part of the Charli3 story.

There will also be staking opportunities in the future for these NFTs

Is there Charli3 merchandise?
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Charli3 merchandise is currently being worked on to be available to the community.

What is the Drop4drop initiative?
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The Drop4drop initiative is a non-profit for funding wells to provide clean water sources to communities in need. The project aims to transform lives, create opportunities, and lay the foundations for a brighter future. Dozens of clean water projects, mainly in India and across Africa have already been created. Charli3 has supported the initiative in the past and will bring new ways to support it in the future.

In the meantime, you can support Drop4drop directly on their website:https://drop4drop.org/