Coinversation Partners with DIA on Transparent Price Feeds
We are excited to announce that Coinversation will leverage DIA’s transparent price feeds to secure Coinversation’s Polkadot-based synthetic asset and DEX platform.
DIA (Decentralised Information Asset) is an open-source, financial information platform that leverages crypto economic incentives to source and validate data and oracles. The DIA platform provides the infrastructure for market actors to supply, validate, use and share financial data. Founded in 2018 as a Swiss-based non-profit association, DIA’s mission is to democratise access to financial data, similar to what Wikipedia has done in the broader information space with regard to central encyclopaedias. DIA’s data sources and methodologies are transparent and publicly accessible for everyone.
Coinversation Protocol is a synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain. It uses the Coinversation (CTO) and Polkadot (DOT) tokens as collateral, to synthesize any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles. Users can forge a certain synthetic asset by collateralizing CTO or DOT and automatically have a long position in the asset. Users can also convert minted assets into other assets through the trading platform.
Oracle provider DIA and synthetic platform Coinversation announce a new joint partnership. Through this collaboration, Coinversation will integrate DIA’s transparent and decentralised oracle infrastructure as a data component of its platform. DIA’s price feeds will play a major role in Coinversation’s synthetic asset and DEX platform delivering reliable real-time price points for all assets used within the Coinversation Protocol.
Michael Weber, DIA Association President adds:
“We are looking forward to leveraging DIA’s oracle suite in Coinversation’s Polkadot-based platform. DIA will be a valuable partner as our platform ensures accurate and reliable on-chain and off-chain price feeds, delivered in a decentralised manner. It will be the right component to both Coinversation’s DEX and synthetic platform.”
Lin Chen, Coinversation CEO:
“We are very excited to cooperate with DIA’s oracle on integrating Price Feeds to create a highly robust and feature-rich synthetic asset issuance and trading platform for the Polkadot ecosystem”
About Coinversation Protocol
Coinversation Protocol is a synthetic-asset issuance protocol and decentralized contract trading exchange based on the Polkadot parachain. It uses CTOs, the issued by Coinversation Protocol, and DOTs as collateral, to synthesize any cryptocurrencies, stocks, bonds, gold or other off-chain assets through smart contracts and oracles. Users can forge a certain synthetic asset by collateralizing CTOs or DOTs, such as U.S. dollars, and automatically have a long position in the asset. Users can also convert minted assets into other assets through the trading platform, so as to realize the purpose of shorting the asset and longing other assets.
DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto-economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.