VAIOT x Umbrella Network — Implementation of Price Feeds for $VAI Pairs
- Establishment of VAI price feeds through UMB
- Integration of price feeds to VAIOT’s Intelligent Sales platform
- Incorporation of market data feeds to VAIOT’s Broker platform
VAIOT and Umbrella Network are partnering up to utilized UMB’s oracle feeds to enhance VAIOT’s platforms, as well as offer new price, feeds for the VAI token. The teams are currently exploring options of integrating additional data feeds that may serve to provide crucial data such as market condition data for VAIOT’s Broker platform. The Umbrella Network team will be joining us in VAIOT’s community telegram channel for an AMA on Monday, May 24 at 3:00 PM UTC where we will learn more about the Umbrella Network project and why it’s changing oracle space.
About Umbrella Network
Umbrella Network is a decentralized, community-owned, layer 2 data oracle for the blockchain and DeFi ecosystems. We bring data on-chain that other oracles simply cannot, and at a lower cost and far higher scalability than anyone else in the market. We are also one of the first truly decentralized oracle solutions with DPoS consensus.
Umbrella solves one of the biggest problems facing the DeFi and blockchain industries today: the high cost of getting data on-chain. We mitigate this by using a system of Merkle trees on a layer 2 sidechain to aggregate thousands of pieces of data together and store it on a single blockchain transaction.
In comparison, leading oracles today take one piece of data which is then written in a single transaction. This one-to-one relationship is massively more expensive, slower and less secure, which is why current oracles only support limited amounts of data.
Umbrella Network makes more data available and at a lower cost than any other oracle in the market today.
For more information on Umbrella Network visit their website, Twitter or telegram.
Learn more about VAIOT
The VAIOT Website, Platforms, Solutions, and Services, and in particular VAI Tokens, are not offered for use and purchase to natural and legal persons having their permanent residence or their seat of incorporation in any of the restricted areas as listed in VAIOT’s Whitepaper, in particular: USA, Germany, Puerto Rico, US Virgin Islands, Canada, China, Singapore, Afghanistan, Central African Republic, Cuba, Democratic Republic of the Congo, Eritrea, Iran, Iraq, Libya, North and South Korea, Somalia, South Sudan, Sudan, Yemen, Zambia (Restricted Areas).
