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Equilibria (XEQ) is a community-driven project that focuses on developing a decentralized Oracle solution for smart contracts. The platform aims to provide private, reliable, and scalable data to smart contracts by creating a scalable blockchain-agnostic ecosystem. Smart contracts are digital protocols on the blockchain that facilitate, verify, and enforce the negotiation or performance of a contract.

The Equilibria platform is designed to address the challenges faced while obtaining data from the blockchain, such as altered data feeds, network troubles, system downtime, network shut-downs, and so on. The platform aims to strengthen the decentralized applications (DApps) of other projects and encourages them to build their own through the Oracle cluster-function. Equilibria uses the Oracle Node Network to feed data to the blockchain, which comprises community-run nodes that observe data and transmit it back to the blockchain. In return, node holders are rewarded for providing this service.

The network uses a hybrid proof-of-stake (PoS) and proof-of-work (PoW) consensus algorithm to confirm transactions. The miners receive half of the reward, and the other half is distributed among the node holders. Currently, the platform is prepared for two use cases, namely asset price tracking and esports events.

The Equilibria native token is XEQ, a private, untraceable, fungible cryptocurrency. The users can stake or lock the token as collateral for 30 days to run an Oracle Node. The token is primarily used for exchange in esports betting, and the primary data exchange via smart contracts will also use the coin.

The Equilibria project was started in 2018 by Harrison Heslink and Thomas Parker. Heslink serves as the founder of Equilibria and the lead developer of the blockchain and its Oracle clusters. Parker, on the other hand, serves as the front-end developer and marketer, while GreggyGB serves as the node operations manager. The platform has a maximum total supply of 77,000,000 XEQ tokens.

In conclusion, Equilibria (XEQ) is an open-sourced community project that aims to create a private and decentralized Oracle solution for smart contracts. The platform seeks to provide private, reliable, and scalable data to smart contracts by creating a blockchain-agnostic ecosystem. The Equilibria platform is designed to address the challenges faced while obtaining data from the blockchain and is prepared for two use cases, asset price tracking and esports events. The platform's native token, XEQ, is used for exchange in esports betting and the primary data exchange via smart contracts.