AURIC TO USE CHAINLINK PRICE FEEDS
Auric Network, the rebasing cryptocurrency that references the market price of 1 mg of gold for utilization as base money, has announced a strategic integration of Chainlink, the industry’s leading decentralized oracle network. The integration involves Auric using a Chainlink XAU/USD Price Feed on the xDai blockchain as the decentralized price oracle mechanism used to rebase its AUSCM elastic supply token. Along with our initial integration, Auric Network is working to leverage a native Chainlink XAU/USD Price Feed on other layer-1 blockchains beyond xDai, including Ethereum, Binance Smart Chain (BSC), and Matic to name a few.
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
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