Delegated price feed oracles are coming to the Tozex ecosystem.
Since the introduction of blockchain technology until now, it has been on the verge of rapid growth, due to the fact that it has become the backbone to existing and upcoming platforms. 80% of the upcoming platforms, cue into blockchain technology, because it’s packed with full rate of transparency, and it offers a trust less method of performing transactions. Blockchain technology has been a hit to the economy and mankind’s since the introduction of cryptocurrencies by blockchain technology.
Popular staking platform Tozex has taken a step closer to decentralized finance with the integration of Harbinger price oracles.
Harbinger is a project that delivers signed price feeds based on real time market data from multiple exchanges. The on-chain data will be fed directly to the Tezos network making it ‘DeFi ready’ for future applications.
Using a similar method to Tozex delegated staking, which enables token holders to delegate their XTZ to a validator, or ‘baker’, Harbinger will enable price oracles to be delegated and prefunded. The official announcement explained further that
The Tozex architecture is premised on the need for the safety of customer assets, this forms the fundamental passion and deep obsession behind the Tozex architecture and project initiative. Interestingly this is realized without the right of entry to clienteles’ assets. In other words, following Tozex’s decentralised ecosystem, the ability to access clients’ private key is mitigated, even as you will be able to authenticate areas where the digital assets are domiciled, including where they will be stored and transferred.
This waters tight and confidence-building strategy of Tozex has become necessary because recently a good number of centralised exchanges and over 10 renowned crypto exchanges became victims of hackers with a huge amount of resources stolen. Tozex is committed to becoming a global frontal value platform to mitigate against this menace.
It is no longer news that the issue of asset administration as it concerns centralised exchange function is known for zero transparency. Unfortunately, transactions are not documented in the block chain ledger, and this is where Tozex is blazing the trail as hybrid values laded initiative, and abridging decentralised and centralised exchanges to make available a broader, solution oriented platform that will bridge the gap in this direction.
Basically, utilizing a decentralised strategy is not a premise to make available services devoid of complying with laid down regulations, as users of the platform are bound to comply with the Know Your Customer, and article 5 of the anti-money laundering process as regards cryptocurrency.
Basically, by consenting to the creation of tokens to manage the assets themselves, resource owners will have the ability to make routine their enterprise model and give confidence to participants to interface with their products via incentives.
This the Tozex architecture that is fascinating, the Tozex architecture is making a value proposition for the best model of both the decentralised and the centralised exchanges models via a cryptocurrency exchange framework with incorporated de-centralised order books.
Why you should choose Tozex
The first token sale (also known as an ICO) was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014, raising 3,700 BTC in the first 12 hours, the equivalent of approximately $ 2.3 million at the time.
after the next few years many ICO offers have sprung up offering ROI which can be said to be unreasonable, by only offering Tokens and Whitepaper books, and also indicating that when listed on the exchange it is played with a pump & dump scheme, where investor confidence in Ico decreases, after that came STOs and IEOs which this year the Hype has begun to disappear.
With frequent problems in Fundraising and frequent failures, scams, Tozex Innovates by BRO (Believers Reward Offering)
🔗Important Links:
Website : https://tozex.io/
Whitepaper : https://drive.google.com/file/d/1m_LdMgz5V654BKv6buBYJOJCEJgNwmLy/view?usp=sharing
Facebook : https://www.facebook.com/tozexofficial/
Linkedin : https://linkedin.com/company/tozex-decentralized-finance
Twitter : https://twitter.com/tozexofficial
Telegram : https://t.me/tozexofficial
Medium : https://medium.com/@tozex
Reddit : https://www.reddit.com/r/tozexofficial/
Authour:
Bitcointalk Username: titsonfireyo
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1240452
poA: https://bitcointalk.org/index.php?topic=5256002.msg54742511#msg54742511