What SupraOracles is.. 🧐
SupraOracles will help DEFI Projects by sending real-time data from APIs and databases. SupraOracles connecting two different environments: real-world and blockchain applications.
DEFI applications on the blockchain require different data from real world. For example price of cryptocurrency for an exchange contract, or the outcome of a certain real event for a betting platform (weather, debates results and many many more…) blockchains are typically closed systems and dont have this data.
Since in blockchain decentralized applications everything working on smart contracts any inaccurate information may cause huge financial losses. SupraOracles can give projects accurate information. Everything happens in a decentralized way.
SupraOracles doesn’t have many competitors that really work. If you compare it with the nearest competitor ChainLink (LINK), SupraOracles significantly outperforms it in terms of speed. After 5+ years of research, thousands of hours of R&D and simulations, revolutionary technical breakthrough helps solve the Oracle Dilemma while improving performance across the board!
Supraoracles only take 3–5 seconds to finalize the information, not minutes like other popular oracles this is not another tier2 or tier3 project.
🏅Team received sizeable Grants, Credits, Awards from @dfinity @ethereum @IBM and other companies. Development begun in 2018…
Blockchain doesn’t just end with Ethereum. There are many good alternatives that are rapidly evolving. SupraOracles is a Cross-Chain. Oracles are systems of nodes and protocols you can use to connect external data to blockchain or even create communication channels, interoperability, between multiple closed-loop systems.
This project solves the problem of current oracles: Lack of Transparency, Price Delay & Deviation, Lack of Accountability. And also adds few important futures!
Team of this project is very experienced. Supraoracles is already becoming known in the blockchain community.
More than a hundred partnerships can already be seen in the official medium. They continue almost every day. The most recent partnership was the Sigmadex project few days ago. This collaboration is very important for Sigmadex. This is an open-source, balanced decentralized economy that combines game theory, decentralized financial infrastructure, and blockchain technology to produce the ultimate automated liquidity protocol.
SupraOracles will provide Sigmadex implied volatility data on-chain so that liquidity settings can be adjusted to reduce impermanent loss. The sigma risk engine will use SupraOracles to make collateralization changes. Sigmadex will be able to examine the present situation of the derivatives market from several independent sources thanks to SupraOracles data and pricing feeds, resulting in a more robust algorithm backed by high-quality data.
Check out live demo on https://www.youtube.com/watch?t=98&v=cfDnTCwVYJ4&feature=youtu.be
SupraOracles has a good solid community. You can also join using links below to learn more about this project. Don’t miss future news! 🚀
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