To be able to succeed In many facets of life, certain amount of guidance is needed from those who hav
The cryptocurrency ecosystem is a build up of advanced algorithms and functionalities, it requires precise monitoring if maximum profit is to be guaranteed. Good investments at bad timings will result in loss, as loopholes are always available to take advantage of your trading ignorance.The absence of the right guidance or information when trading in the cryptocurrency space is very cost effective.
And this is where the EULER TOOLS becomes your saviour.
We are a MetaOracle
OnChain and OffChain doesn’t work well together without oracles. Chainlink did an awesome job bringing interoperability to both worlds. They have price feeds that’s the most demanded features in smart contracts. How much is the data the provide worth?
The problem
AFAIK, Chainlink price feeds are just a lot of workers checking prices in exchanges (Binance, Huobi, Kucoin, …), calculating the weighted average, and exposing that as the asset price. As you can imagine, this introduces a bayesian distortion that’s not adding value to the transaction.
The only security measure is to check this values with other oracles and create a consensus. This creates a different problem, the costs. Every request has costs in Link that are absurdly high nowadays.
After those prices are weighted and averaged, they are exposed as the “price” of the asset, while in fact it’s just a guess. Because that’s only the exchange price. If you are swapping at Uniswap, the price is also averaged with that value, and then saved in the blockchain.
The Solution
We are reading the Exchanges AND the blockchain prices. We are aggregating not just the values of the prices, but also the result of the transactions, and we are calculating the final price, which creates a bias in the result, and is used as a factor for further calculations. This will introduce the MetaOracle idea, we aren’t just checking the price, we are also checking if it was used and it was accurate.
We are, as we speak, working on our own oracles in BSC first, and we will use the one we have in Ethereum. As soon as our API’s are ready, you’ll be able to consume information from them, including the price feeds for OnChain and OffChain trades.
And this is what the EULER TOOLS offers you, the ability to trade in the most reliable form possible using already laid out charts and systematics to help guide you in the market. This will save you from alot of unnecessary cost and losses, your investments with EULER TOOLS is a guaranteed success and the opportunities you’re exposed to using the platforms features and tools are endless!
What else can anyone offer you?
Join the winning team today, be part of the EULER TOOLS community.
For more details, please visit the link below:
Website: https://euler.tools/
Telegram — chat: https://t.me/eulertools
Twitter: https://twitter.com/eulertools
Github: https://github.com/eulertools
Youtube: https://www.youtube.com/channel/UC7DdHMPyVyqOIFfQ-SNx3mg
Facebook: https://www.facebook.com/Euler-Tools-101041785456000
Instagram: https://www.instagram.com/eulertools/
Linkedin: https://www.linkedin.com/company/eulertools/
Medium: https://medium.com/@euler.tools
Author : dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2292791
Telegram: @Adeprayoga
BSC Wallet: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a
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