Robonomics Network

What is Robonomics Network?

Robonomics Network is an open-source platform designed to facilitate seamless technical and economic data exchanges among IoT applications, services, and robotics systems. By leveraging advanced technologies from the Web3 space, Robonomics aims to enhance communication between users and devices.

• Open-Source Platform: Supports IoT applications with a focus on secure data exchange.
• Technologies Used: IPFS, Ethereum, and Polkadot for robust and contemporary solutions.

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Recent Video Interview

Main points of the interview, from 40:00 onwards:

• Robonomics Network connects IoT devices to blockchain for decentralized applications.
• The project uses ROS (Robot Operating System) for robot communication.
• Integrates technologies like IPFS, Ethereum, and NixOS for robust data handling.
• Offers services like device connectivity, data storage, and digital twin creation.
• Supports decentralized management of cyber-physical systems, enhancing autonomy and efficiency.

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Objectives of Robonomics Network

Robonomics seeks to advance IoT solutions by incorporating blockchain technology for secure and efficient operations.

• Decentralized Cloud for IoT Management: Uses blockchain for device security and digital twin management.
• Techno-Economic Transactions: Enables direct market access for automated systems through cryptocurrencies and smart contracts.
• Serverless Applications: Enhances privacy by removing the need for specific servers in IoT applications.

What is the XRT Token?

The XRT token is crucial for governance and operations within the Robonomics ecosystem. It functions across various blockchains:

• Ethereum Network: Used in decentralized applications via the Uniswap Protocol.
• Kusama Network: Facilitates communication through XCMP with other parachains like Moonriver.

Robonomics Network Team Background

Founded by Sergei Lonshakov, Robonomics Network benefits from a strong background in data modeling and blockchain development:

• Founder: Sergei Lonshakov, experienced in data modeling and blockchain architecture.
• Key Partnerships: Collaborations with Moonbeam, Crust, and RMRK enhance network functionality and integration.

Robonomics Network Project Development

Robonomics secured a Polkadot Parachain slot, launching on September 25, 2024. This move follows two years of successful Kusama operations, including 5M+ transactions and numerous updates.

• Kusama Network Transition: The Kusama parachain will remain active, offering a free IoT subscription service. It will bridge to Polkadot, facilitating transitions from free to paid plans, while maintaining support and subsidization.
• Future Plans: Robonomics aims to integrate with five parachains, launch commercial services in October 2024, and enhance on-chain governance for IoT and DePIN infrastructure.

Read more news on Robonomics Network blog page.

Other Projects in the IOT Category

• IOTA: a cryptocurrency and ledger for data and value transfer in IoT.
• Helium IOT: a cryptocurrency governing Helium's decentralized IoT wireless network.
• JasmyCoin: uses blockchain and IoT to secure and monetize personal data.

Robonomics Network Price Analysis

As of November 25 2024 Robonomics Network has a marketcap of $3.8M. This is {{percentagefromath}} from its all time high of $73.49. In terms of its tokenomics, there's a total supply of 2.9M with 100% currently outstanding. Keep in mind Robonomics Network has a fully diluted value of $3.8M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.