Aurum to Use Chainlink Price Feeds

Aurum recently announced integrating Chainlink Price Feeds into its wallet. The BSC utility token will use the feeds to evaluate token and portfolio value. In addition, the integration will help Aurum access tamper-proof and precise price feeds to offer better token assessment.

The initial phase of the development will allow Aurum to use the given price feeds:

  • BTC
  • ETH
  • XRP
  • ADA
  • SXP
  • BNB
  • CAKE

Choosing Chainlink as the oracle solution was normal for its seamless integration capabilities. In addition, the price feeds have already helped numerous platforms make a name in the DeFi sector. Aurum will utilize the price feeds to create a secure, highly accessible, and precise ecosystem despite scenarios like crashes and data manipulation.

Aurum intends its Secure Wallet for Binance Smart Chain to be impeccable in every aspect. The platform plans to release the V1 of the wallet in 2021 Q4. Aurum will first inaugurate the wallet on the BSC and then on multiple blockchain networks. It will start as a browser extension with essential tools, eliminating the need to use third-party sites.

Here is an overview of features the wallet will carry (or with future updates):

  • In-app live transactions and token charts 
  • Precise live price tracking
  • In-wallet token swapping
  • In-app NFT minting and tracking 
  • Multi-chain support
  • Option of donating to charity 
  • Follow wallet or copy trade option

Releasing the wallet opens a variety of partnership prospects for Aurum. For example, it will allow Aurum to host more tokens as default listing tokens, access advertising space, and integrate dApps where users can select other reward tokens.

Aurum requires highly precise data to achieve such goals. Thus, there is no better option than Chainlink Price Feeds to find the real-time value of portfolio and tokens. The platform has entered the big league with the integration and is certain to follow up with more.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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