Strategic Partnership announcement between Equito Finance and Algoracle, the first oracle network on the Algorand blockchain.
March 18th, 2022 - Zug, Switzerland - Algoracle will provide blockchain and price pair data to Equito Finance.
Algoracle is the first decentralized oracle service on the Algorand blockchain. The Algoracle network is currently in testnet and is seeking to create strategic partnerships with decentralized applications (dApps) to bring off-chain data on-chain so that the dApps can diversify the functionality of their services.
“Equito Finance is the kind of projects that Algroacle is made for,” says Abdul Osman CEO of Algoracle, “Algoracle is created to be used for developers like the great team at Equito Finance to build with. We are optimistic that the Algorand community will love Equito Finance.”
Equito finance is a decentralized exchange that operates from Rome. Their experimentation in the blockchain space has helped them create a strong knowledge of the strategy, design, and development behind customer-centric applications in the blockchain space. Equito Finance will offer Bridge support for the Ethereum Blockchain, provide liquidity pools for ALGO/ALGO- ASA pairs, and a trading platform for ALGO-ASA’s.
“I am very excited about our partnership with Algoracle. I believe our relationship will not only help Equito Finance but the Algorand community as well.” Said Equito Finance’s CEO Paolo d’Ippolito.
The Algorand community will indeed benefit from this collaboration. Not only will it give customers flexibility, by providing the option to smoothly change currencies, but it will also make that process more secure.
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