Crypto News– Google and Supra, a prominent player in the realm of secure and scalable oracles for decentralized applications (dApps), has made a significant announcement by unveiling a partnership with Google Cloud. This strategic alliance aims to introduce swift and dependable price feeds to both Web2 and Web3 financial markets.
Through this collaboration, Supra is poised to harness the extensive infrastructure and expertise of Google Cloud, further enhancing its capabilities to offer dApps seamless access to real-time price data originating from a diverse array of sources. These sources encompass exchanges, over-the-counter (OTC) markets, and various data providers, collectively delivering a comprehensive and accurate snapshot of real-time financial market conditions.
Google and Supra Join Forces to Provide Rapid Price Feeds for Financial Markets
The implications of this partnership are substantial, as it empowers dApps to construct trading applications that are not only more reliable but also more efficient, aligning them more closely with the dynamic and ever-changing real-world financial landscape. By leveraging Google Cloud’s robust technology and infrastructure, Supra is set to play a pivotal role in advancing the capabilities of dApps and revolutionizing how they interact with financial markets in both traditional and decentralized domains.
The initial focus of this collaboration is to provide decentralized applications (dApps) with unfettered access to price data originating from major exchanges of the likes of Binance, Coinbase, Gate, Gemini, OKX, and Kraken. In this endeavor, Supra will harness the capabilities of Google Cloud’s Pub/Sub service to ensure a reliable and robust mechanism for the real-time delivery of price data to dApps. This technological advancement equips dApps with the capacity to construct applications capable of responding to market fluctuations with real-time precision and minimal latency, offering a seamless and dynamic user experience.
Looking ahead, this partnership anticipates extending its scope to encompass various other types of data, including order book data and historical price data. This expansion will empower dApps to construct an even broader spectrum of applications, ranging from market-making applications to arbitrage applications, significantly expanding the horizons of possibilities within the decentralized financial ecosystem.
The collaborative efforts of Supra and Google Cloud represent a momentous leap forward, not only for these entities but for the broader financial sector as well. This partnership is poised to accelerate the adoption of decentralized applications in the financial industry, rendering them more accessible to a wider audience of developers, all while delivering data at accelerated speeds and reduced latencies, thus transforming the landscape of financial technology.
Supra Reveals Token Sale and Strategic Distribution Strategy
Supra, a blockchain oracle project, has unveiled its strategy to initiate a public sale for its SUPRA tokens, aimed at promoting wider participation in the blockchain network. The scheduled date for this sale is October 25 at 3:00 PM, and it seeks to engage more individuals in the blockchain ecosystem by offering a total of 50 million SUPRA tokens.
At the commencement of the Token Generation Event (TGE), investors will receive an immediate allocation of 10% of the tokens. Subsequently, the remaining 90% of the tokens will be systematically distributed over the course of the next 18 months.
The distribution is structured in such a way that 5% of the total tokens will be released each month, ensuring accessibility for investors. Notably, there is a minimum investment requirement of $200, while there is no maximum limit, making the SUPRA token sale inclusive.
Furthermore, Supra has meticulously designed a comprehensive plan for the allocation of the remaining 10 billion SUPRA tokens, with validators set to receive 21% of these tokens as block rewards. This rewarding mechanism will be stretched over an extended period spanning 15 to 21 years, serving the dual purpose of enhancing the Oracle network’s security.
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