Leading digital gold trading company xBullion has officially partnered with Pyth Network, a top decentralized oracle, committed to supplying trusted, high quality marketplace information for on-chain sensible contracts.
Starting April 2022, xBullion will distribute off-chain pricing information connected to the valuable metals marketplace to sensible contracts on the Pyth network and carry transparency to the commodities sector. Hence, Pyth Network will be tasked with aggregating and delivering on-chain marketplace information in an exact, timely and absolutely verifiable method for decentralized on-chain applications.
Pyth is at the moment rising swiftly with TVL (Total Blocked Value) reported at $ two billion, sturdy hedging, and substantial fidelity across several fields from cryptocurrencies, stocks, foreign exchange and commodities.
xbullion brings cryptocurrencies closer to valuable metals traders. The xbullion GOLD and xbullion SILV tokens are backed by one gram of bodily gold or silver, respectively, insured, censored (audit) and redeemable (redem). These tokens signify direct ownership of valuable metals.
Mr. David Lightfoot, CEO of xbullion, mentioned:
“As a company focused on delivering technological innovations to commodities, we are thrilled to support the Pyth network and be part of this growing DeFi and digital community. Pyth is one of the leading Oracle solutions. Together we will bridge the gap between traditional and emerging digital markets ”.
Learn a lot more about the Pyth Network: Website | Twitter | Telegram | Discord
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