SphereX is excited to announce its official entry into the Chainlink BUILD program on July 12, 2024. By participating in this program, SphereX aims to accelerate the growth and long-term adoption of its chain-agnostic decentralized exchange (DEX) through enhanced access to Chainlink’s industry-leading oracle services and technical support. SphereX is also committed to incentivizing greater cryptoeconomic security by providing network fees and other benefits to the Chainlink community and service providers, including stakers.

Enhanced Support and Services

Joining the Chainlink BUILD program brings several key advantages to SphereX:

· Technical Support: SphereX will leverage Chainlink’s mature technologies, including Price Feeds and the Cross-Chain Interoperability Protocol (CCIP), to ensure the security and stability of its perpetual markets.

· Community Promotion: SphereX will benefit from Chainlink’s extensive community network, enhancing platform visibility and attracting more users and partners.

· Resource Integration: SphereX will access various resources within the Chainlink ecosystem, including development tools, educational resources, and market opportunities, aiding in faster growth and expansion.

Bridging the Gap Between DeFi and Traditional Finance

SphereX’s mission is to overcome barriers that have traditionally kept people out of financial markets. By providing users with secure and performant onchain tools, SphereX offers greater opportunities for users to thrive. The DEX supports fast transactions while maintaining the highest levels of security, efficiency, and inclusivity.

Why SphereX Joined Chainlink BUILD

SphereX joined the BUILD program to maximize the security and reliability benefits provided by Chainlink’s oracle infrastructure. As part of BUILD, SphereX will integrate Chainlink Price Feeds and CCIP to support secure perpetual markets and cross-chain transfers.

Kai, SphereX CEO, stated, “We’re thrilled to join Chainlink BUILD, leveraging Chainlink’s battle-tested decentralized oracle infrastructure to enhance our platform’s operational efficiency and security. With Chainlink services powering our DEX, we will redefine how users interact with DeFi.”

About SphereX

SphereX is a cutting-edge decentralized exchange (DEX) designed to make crypto trading accessible, secure, and user-friendly for everyone. By prioritizing decentralization, SphereX ensures that users have full control over their assets with transparent and low-cost transactions. Committed to fostering a welcoming and inclusive community, SphereX embodies the spirit of Robin Hood, providing financial opportunities for all.