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BANGKOK / AUCKLAND, November 23, 2020 (GLOBE NEWSWIRE) – (via Blockchain Wire) Brave New Coin (https://bravenewcoin.com/), a leading data analytics and research firm backed by Techemy Ltd, has joined forces with Band Protocol of Oracle’s Sequoia-backed cross-chain data platform to bring decentralized pricing benchmark data into the fast-growing smart contract application ecosystem.
Band Protocol and Brave New Coin will work together to bring globally weighted average spot prices to over 1500 digital assets through BandChain’s decentralized Oracle network. This will allow smart contract developers to readily integrate and use these spot price oracles on any blockchain platform. Band Protocol has already been integrated by leading smart contract platforms including Ethereum, Binance Smart Chain, Cosmos, Polkadot, ICON, Waves and Matic Network.
“Brave New Coin is an early adopter and advocate of DeFi protocols, having launched the first crypto price data oracles for smart contracts in 2016,” said Fran Strajnar, CEO of Brave New Coin. “More recently, Brave New Coin launched a tradable DeFi index, of which the BAND token is a constituent. Together with Techemy Group, Brave New Coin and Band Protocol are at the forefront of bringing scalable, decentralized and non-custodial products and solutions for trading, investing and analytics for smart contract developers to use seamlessly. “
“Working with established and reputable companies such as Brave New Coin will be critical to Band Protocol’s success as we partner to deliver a business solution that protects intellectual property and data privacy by allowing the world of smart contracts to interact with external data sources.” , said Soravis Srinawakoon, CEO and co-founder of Band Protocol.
This long-term partnership will also allow owners of premium data sources with paywalls such as Brave New Coin to automatically collect on-chain revenue starting next year. Band Protocol’s flexible oracle design benefits all stakeholders by allowing developers to create custom oracles with web APIs in minutes and allowing companies to market their data by creating premium oracles that developers can integrate.
The global weighted average spot price (GWA) provided by Brave New Coin works by providing a fair price for any digital asset tracked by trading in near real time across a global cryptocurrency exchange network. With intraday inputs, end-of-day price and volume updated at 30-second intervals, decentralized finance developers will be well equipped to build trustless applications using an independent, trusted, third-party price discovery oracle.
Band protocol information
Band Protocol is an Oracle cross-chain data platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great for immutable storage and deterministic and verifiable computations, however, they cannot securely access data available outside blockchain networks. Band Protocol allows you to build smart contract applications such as DeFi, prediction markets, and on-chain games without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the world’s leading venture capital firms, and Binance, the leading cryptocurrency exchange.
About Brave New Coin
Brave New Coin (https://bravenewcoin.com/) (BNC) is a data and research company focused on the blockchain and crypto assets industry. Founded in 2014, BNC provides data, analysis and research to a global network of market participants. Brave New Coin provides spot pricing, indexing solutions, search and both aggregated and proprietary news, through partners such as Amazon Alexa, Dow Jones Factiva, NASDAQ, Refinitv, RapidAPI, and dozens of others. The company’s experience and expertise make it the leading provider of standard and non-standard, highly compliant, institutional-grade data solutions. BNC Pro leverages its experience and data in an easy-to-use dashboard solution.
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