Ojamu Integrates Chainlink Price Feeds To Power Token Price Analytics Data
Singapore, 14th September 2022. We’re excited to announce that Ojamu—a Web3 and AI-driven brand marketing platform—has integrated Chainlink Price Feeds on Ethereum mainnet. By integrating the industry-leading decentralized oracle network, the Ojamu Intelligence Platform (OIP) has access to high-quality, tamper-proof price feeds needed to help power real-time token price analytics, transaction history, wallet volume, and promotion details from competitors. This provides brands using the OIP with stronger assurances that they are receiving the most up-to-date and accurate data when optimizing their Web3 marketing strategies.
Our initial integration involves the use of USD-based Chainlink Price Feeds for the following digital assets: ADA, BNB, BTC, DOGE, DOT, ETH, LINK, LTC, MATIC, and SOL. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
The Ojamu Intelligence Platform helps brands understand, optimize, and automate their organic Web3 marketing strategy. Using blockchain data, artificial intelligence, machine learning technology, and a suite of related smart toolsets, Ojamu formulates and automates brands’ Web3 strategies, helping a seamless transition from Web2 to Web3 marketing and bringing users to their NFT, GameFi, and metaverse ecosystems.
In order to help power our token analytics, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to use an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.
After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
“Chainlink Price Feeds provide critical price data needed for Web3 companies to build an effective marketing strategy,” said Hal Bame, CEO of Ojamu. “Chainlink is the industry leader with proven experience, and we’re excited to see how this integration improves the reliability, accuracy, and decentralization of our Ojamu Intelligence Platform.”
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
The Ojamu Intelligence Platform is an AI and Blockchain-powered platform providing Brands the insights and actionable intelligence they need for the Web 3.0 economy. The Ojamu Intelligent Platform (OIP) securely accesses and cross-correlates key industry data from leading blockchain protocols. This allows brands to position themselves effectively within the Web3 world by utilizing ‘real-time’ data to form digital strategies that drive brand awareness, user acquisition, and increased retention.
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