About Autonolas
Autonolas, also referred to as OLAS, operates as a cohesive network of off-chain services, integrating automation, oracles, and co-owned AI. This platform offers a versatile stack, facilitating the development of these services while providing a protocol that incentivizes their creation. Autonolas stands out by enabling the decentralized and collaborative operation of these services.
The services provided by Autonolas are particularly effective in merging cryptocurrency with artificial intelligence, allowing for the execution of complex processes in a decentralized manner. This includes the ability to autonomously and continuously interact with both on- and off-chain data. A noteworthy application of this innovative technology is Governatooorr, an AI-driven governance delegate tailored for decentralized autonomous organizations (DAOs).
Founded in the summer of 2022, Autonolas launched its public token through a liquidity bootstrapping pool in July 2023. The project is experiencing consistent growth and is actively expanding its support to include additional blockchain networks. The ultimate objective is to establish a presence on all major blockchains, enhancing their essential off-chain services and fulfilling the vision of a unified network.
The OLAS token serves as the gateway to the network's primary functionalities. Users can stake OLAS to operate off-chain services and lock their tokens in a governance mechanism to influence the network's development. Additionally, OLAS drives a unique incentive system for developers, promoting the proliferation of services within the Autonolas ecosystem. Governance participants have the ability to enhance ETH donations to favored services composed of autonomous agents and their software, collectively known as 'useful code.' Furthermore, existing token holders can bond liquidity provider shares involving OLAS to enhance protocol-owned liquidity, referred to as 'useful capital.'