OAK Network ICO Rating, Reviews and Details

About OAK Network

OAK (On-chain Autonomous Kernel) Network is an automation blockchain for Defi and recurring payments across protocols. The blockchain is built on Parity Substrate with an event-driven execution model. Different from Ethereum’s transaction-based model, where a transaction requires private key signing, OAK allows transactions to be triggered by event signals such as time, price, event triggers and smart contract state changes.

OAK Network aims to be the best-in-class automation utility across protocols, offering on-chain automation not possible today, such as limit & stop-loss orders on Automated-Market-Making DEX and recurring payments. With OAK’s on-chain finality and network security, it can empower any blockchain with its autonomous functionality, unleashing endless product potentials.

Mission

To make automation seamless, trustless and secure for consumers of all generations.

Vision

For the everyday consumer to take decentralized automation for granted.

Company Goals

As a Layer 1 (L1) automation blockchain, we are deploying an event-driven execution virtual machine.
This L1 core functionality will be used to create best-in-class consumer-friendly UX by working with partners to develop DApps.

Features

No more wrapped asset

Assets are supported by the chain and no longer needs to tie up with one smart contract.

One-to-many distribution

OAK VM supports the capability of sending to multiple addresses with one transaction.

Eliminate off-chain servers

Repetitive transactions can be triggered by on-chain event module.

No private key custody

Set up once, and the transaction can be triggered on-chain, care-free.

Chain-level security

Different from EVM smart contracts, many core utility functions are secured by the network.

Native upgradability

Based on Substrate, OAK Network will constantly evolve with on-chain runtime upgrade.

Technical Info

Technology

Polkadot parachain built off of the cumulus framework
Decentralized, on-chain event listener
Cross-chain transaction execution (via XCMP & bridges)

OAK Network Roadmap

4Q2021

Event Registry Proof of Concept

1Q2022 - Turing Network Launch Prep (Canary)

OAK Website Design Rebrand
Kusama crowdloan for Turing (TUR) Network parachain
Neumann Testnet Launch
Neumann is a parachain version of the forenamed “OAK Testnet” in the PolkadotJS App

Turing Network Launch
Event Registry
Triggers: time
Actions: sending an event, and wallet-to-wallet transaction for NEU

2Q2022 - Price & Smart Contract Trigger

Kusama crowdloan for Turing (TUR) Network parachain
Turing Demo Apps
Turing Private tasks proof of concept
Wallet integration
Collators
Turing Network Features
-Private tasks
-Triggers: price, XCMP events, smart contracts
-Actions: cross-chain asset transfer, limit order, stop-loss orders, smart contracts

3Q2022 - OAK Network Launch (Mainnet)

Turing Private tasks pilot
Automation Dashboard DApp

4Q2022

Dapplets Marketplace
Private tasks on OAK
Fully decentralize Turing Network
-Enable governance
-Remove sudo

Network Features
-Triggers: external data feed (weather, etc.)
-Actions: IoT actions