TradeStrike Integrates Chainlink Price Feeds for High-Quality Benchmarks in the TradeLite DEX Dashboard
TradeStrike is excited to announce that we have integrated Chainlink Price Feeds into our upcoming DEX platform; TradeStrike Lite — on BSC. Chainlink will feed decentralized data feeds into our DEX dashboard, giving users real-time, and industry-leading benchmarks on various crypto-assets in order to make informed trading decisions. Our initial integration involves price feeds for BNB, BTC, USDT, BUSD, and LINK — with the ability to easily scale up to more assets in the future.
The integration marks the beginning of an ongoing commitment to exclusively use Chainlink Price Feeds across ALL of our upcoming products. As a next step, we plan to integrate Chainlink Price Feeds directly in our TradeStrike Wallet.
We selected Chainlink because it’s the most time-tested price feed solution in the industry, already helping secure tens of billions of dollars in value for leading decentralized and centralized financial products. Chainlink Price Feeds offer premium data quality with wide market coverage, as well as robust oracle infrastructure that maintains high uptime and tamper-resistance. By incorporating decentralized infrastructure like Chainlink, TradeStrike is able to offer increased transparency and reliability into the data relied on by traders while still maintaining strong precision and low update latency.
While our DEX will facilitate price discovery through spot markets, it’s important for users to have reliable benchmarks on assets as aggregated from across all exchanges. This will allow users to make even more precise decisions when trading as they can compare TradeStrike’s native DEX prices against the broader market.
After reviewing various centralized and decentralized data solutions, we found Chainlink Price Feeds to offer a superior solution, which uniquely combined accuracy, transparency, and robustness. Some of the key features of Chainlink Price Feeds:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model generates more precise global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks.
- High Update Frequency — Chainlink Price Feeds on high-performance blockchains can perform frequent price updates at minimal costs, resulting in precise price data that consistently reflects current market conditions.
- Robust Infrastructure — Chainlink Price Feeds utilize decentralized networks of professional node operators run by leading blockchain DevOps teams and traditional enterprises with a strong track record of uptime during market volatility.
- Transparent Monitoring — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of price feeds.
“Chainlink Price Feeds serve as an essential building block to delivering the best blockchain products on the market. When empowering users through the TradeStrike ecosystem, only the best will suffice, and Chainlink leads the industry in high-quality, tamper-proof price data,”
— commented Joe Jowett, Co-founder of TradeStrike.
“Ultimately, the Chainlink integration gives our users data in a more transparent and secure manner without sacrificing on precision, leading to more reliable decision making for traders.”
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Founded in April 2021 by Joe Jowett & Kishan Vadgama, TradeStrike is the trading arm of the London-based fintech company StrikeX Technologies Ltd. They are making noise in the BSC space with their newly launched native currency StrikeX by being the first cryptocurrency to be sent into space! watch the space launch here https://youtu.be/bPOXjNOYQ4k
Far from being all show and no substance, TradeStrike is developing a string of slick, user-friendly blockchain-powered products over the coming year, before the release of their flagship CeFi token-based trading platform TradeStrike in Q4 2022. TradeStrike will boast 24/7 trading of Stocks, Cryptocurrencies, NFTs and even real estate in one intuitive, feature-rich accessible APP. TradeStrike and their native currency StrikeX stand set to deliver a much-needed bridge between traditional trading platforms and the world of cryptocurrency exchanges.