Ainslie Bullion Integrates Chainlink Price Feeds
Ainslie Bullion is pleased to announce that they have integrated Chainlink Price Feeds. By integrating the industry-leading decentralized oracle network, Ainslie Bullion now has access to high-quality, tamper-proof price feeds needed to help price precious metals, such as gold, silver and platinum, on their platform using accurate market data. This will provide their customers with stronger assurances that the price oracles that Ainslie Bullion is using are highly secure, reliable, and transparent.
They chose Chainlink as their oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading decentralized finance (DeFi) protocols, maintaining robust security and high availability even amidst unexpected events and high market volatility.
After reviewing various oracle solutions to help price precious metals, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
About Ainslie Bullion
Ainslie is Australia’s leading bullion dealer providing more trustworthy and cost effective ways to own history’s pre-eminent monetary assets. Ainslie offers traditional physical bullion bars and coins, including Ainslie Bullion’s very own extensive range of gold and silver bars or as Perth Mint’s Primary Distributor. They also have Australia’s largest traded, and very own, Gold & Silver Standard tokens – 100% backed by allocated vaulted bullion, independently verified, fully insured and with on-site proof of reserve. Finally they offer NFT’s combining all the cutting edge attributes of NFT’s with the security of full asset backing of Gold & Silver Standard tokens.
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
About Gold & Silver Standard
The Gold & Silver Standard is a leading provider of fully-backed digital assets in the form of tokens hosted on the Ethereum network. These tokens are 100% backed by vaulted fully allocated bullion, independently verified by PKF, and fully insured, making them a secure and reliable choice for investors. In addition to traditional gold and silver tokens, the Gold & Silver Standard also offers NFTs (non-fungible tokens) that combine the cutting-edge technology of NFTs with the security of full asset backing.