AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Wednesday, September 27
  • CryptoPR
  • Submit Press Release
  • Advertise
  • Partner
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » LCX and Chainlink Collaborate to Provide Credible Reference Prices for Cryptocurrencies
Cryptocurrency

LCX and Chainlink Collaborate to Provide Credible Reference Prices for Cryptocurrencies

AlexaBlockchainBy AlexaBlockchainAugust 11, 2020Updated:August 19, 2020No Comments3 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
LCX-Chainlink
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

San Francisco, August 11, 2020 / AlexaBlockchain/ – LCX and Chainlink are collaborating to provide transparent and verifiable reference price services for decentralized finance applications (DeFi) and the token economy.

LCX has developed its own proprietary data generation methodology and as a data-provider will publish its reference prices and accompanying methodology on the blockchain using Chainlink’s decentralized price oracle technology. This combined framework will give institutional entities access to secure, reliable, transparent, and compliant blockchain-based price feeds.

LCX is set to become a Data Provider to the Chainlink network to provide reliable daily reference prices for digital assets. Cryptocurrency reference rates are often used as the basis for daily exchange rates in traditional transactional platforms and decentralized financial (DeFi) applications, as well as to assign valuation to assets in corporate financial statements, tax returns, statistical reports, digital assets analyses, and more.

Due to Chainlink’s secure, reliable, and open-source infrastructure, LCX is able to publish its credible reference prices on the blockchain in an easily verifiable and immutable manner. LCX’s credible reference prices are then available to be used by DeFi applications, traditional financial infrastructure, enterprises, governments, and more dealing with digital assets. 

“We are providing new infrastructure that allows traditional finance the ability to service DeFi applications and interact with digital asset products,” said Daniel Kochis, Head of Chainlink Business Development. “We are excited to work with LCX to deliver credible data sources to our ecosystem, which opens them up to a wide variety of users and markets.”

LCX is headquartered in Vaduz, Liechtenstein, a reputable international financial center that has introduced a legal framework for blockchain companies, referred to as the “Blockchain Act”. LCX has launched the LCX Cryptocurrency Reference Price Services, which provides a credible daily reference price to the marketplace and enhances market participants’ risk management of digital assets. LCX Cryptocurrency Reference Price Services are designed to help accelerate the professionalization of digital asset trading.

“Transforming the cryptocurrency market into a mature token economy requires reliability and integrity in cryptocurrency reference rates,” said Monty C. M. Metzger, CEO, and Founder of LCX. “Utilizing Chainlink allows us to deliver our compliant reference rates via an on-chain oracle network as a public good for individuals and institution alike.”

About Chainlink:
Chainlink is a decentralized open-source oracle network that gives smart contracts secure and reliable access to data providers, web APIs, enterprise systems, cloud providers, IoT devices, payment systems, other blockchains, and much more. It provides oracles to leading DeFi applications like Synthetix, Aave, and Kyber Network; numerous blockchains such as Ethereum, Polkadot, and Tezos; as well as large enterprises including Google, Oracle, and SWIFT

Learn more at the Chainlink website or @Chainlink.

About LCX: 
LCX, the Liechtenstein Cryptoassets Exchange, is a global fintech company that aims to provide a range of products and services for the token economy in a regulated and compliant manner.

Learn more at the LCX website or @LCX.

Press Contact:  
Mr. D. Sood
pr@LCX.com

Source: LCX

Disclaimer: This is a paid press release. AlexaBlockchain does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. AlexaBlockchain is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Blockchain Act Chainlink Cryptocurrency Decentralized Finance (DeFi) Digital Asset Trading LCX LCX Cryptocurrency Reference Price Services Token Economy
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
AlexaBlockchain
  • Website
  • Facebook
  • X (Twitter)
  • LinkedIn

AlexaBlockchain brings all the latest blockchain industry developments, and publish – News, Blogs, Articles on Blockchain Projects, Startups, Companies and Industries, including blockchain technology, cryptocurrency, digital assets, Bitcoin, Ethereum, Tezos, DeFi, NFT and Web 3.0 news.

More AlexaBlockchain

Finery Markets Joins ClearToken’s Proof of Concept as a Leading Crypto-Native ECN and Trading Technology Provider

September 27, 2023

Chappyz Announces Upcoming Public Round IDO and Strategic Community Partnerships

September 27, 2023

Trezor Wallet Adds Support For BZR Token

September 27, 2023

Altr Launches Digitisation For Physical Collectibles, Will Allow Private Owners To Unlock On-Chain Liquidity

September 26, 2023

3 Best Cloud Mining Websites for Beginners in 2023

September 26, 2023

MicroStrategy Snags 5,445 More Bitcoin

September 26, 2023
Add A Comment

Comments are closed.

Don't Miss

Finery Markets Joins ClearToken’s Proof of Concept as a Leading Crypto-Native ECN and Trading Technology Provider

Chappyz Announces Upcoming Public Round IDO and Strategic Community Partnerships

Trezor Wallet Adds Support For BZR Token

Altr Launches Digitisation For Physical Collectibles, Will Allow Private Owners To Unlock On-Chain Liquidity

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • CryptoPR
  • Advertise
  • Partner
  • About
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2023. AlexaBlockchain
  • About
  • Advertise
  • CryptoPR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.