SupraOracles Strategic Partnership with Xion

SupraOracles has formed a strategic partnership with Xion to offer their cross-chain oracles services and cross-marketing initiatives for both Xion Global and Xion Finance.

About SupraOracles

Blockchain is here to stay. As more businesses and projects start to embrace decentralization, the need for fast, secure and reliable off-chain data through oracles is crucial to providing useful features and widespread adoption. From DeFi to the metaverse, almost every digital project will need to be connected to other data sources. That’s where SupraOracles comes in.

Their solution provides cross-chain interoperability, 3–5 second finality, and cutting edge cryptography — all backed by thousands of hours of R&D and simulations. Welcome to the next generation of oracles.

DeFi can finally reach its full potential with SupraOracles technology because there is no longer a tradeoff between decentralization, scalability, security, and quick finality. With SupraOracles, you can have it all.

SupraOracles is better in 5 key areas;

  • Truly Decentralised — Fully decentralised governance.
  • Massive Scalability — Singular nodes exist in multiple Distributed Key Generation.
  • UltraFast & Secure — threshold cryptography.
  • Quick Finality — 3–5 second on-chain refresh rates, with full finality.
  • Cross-chain & Interoperability — Blockchain agnostic

SupraOracles high-quality oracles will be the fuel that powers the next generation of powerful apps and smart contracts to do more.

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Xion x SupraOracles Partnership

As Xion starts to expand their decentralised payments and DeFi solution, a more decentralised, cross-chain and scalable oracle solution is required to fuel it’s continued growth.

With Xion Global opting to use SupraOracles for traditional finance data for their payments solution, and Xion Finance leveraging the SupraOracles crypto price feed data for their DeFi protocol will create a more secure, scalable and efficient Xion ecosystem.

Integrations include but not limited to:

  • Crypto Price Feed Data
  • Traditional Finance Data
  • Market Data
  • Crypto Payments
  • Retail payments
  • Fiat payments (once readily available from Xion Global)

An integration as such will; increase the on-chain oracle refresh speeds from 120 seconds to an astonishing 3–5 seconds, decrease slippage and price deviations with faster and better data feeds, and ultimately improve security with more decentralised data sources.

About Xion

By combining the irresistible perks of a Web3 environment, cross-chain capability, loyalty programs and cashback rewards, Xion readies itself to be the game-changer in the global e-commerce and finance industries. Essentially, Xion aims to be a Web3 Stripe facilitating crypto payments for thousands of merchants and their customers when they shop online and at almost zero costs.

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