To promote the overall expansion of the ecosystem, NEX has partnered with the Chainlink BUILD program. This will be achieved through obtaining the necessary technical assistance and the availability of Chainlink’s oracle solutions. In addition, the promotion of the development of improved crypto-economic security factors will be implemented.
As a result, NEX will be committed to offering network reimbursements and other benefits to the Chainlink community and service providers, including stakeholders. Through enhanced support, secure offchain services, and the support of Chainlink’s vibrant community, NEX believes it can increase NEX awareness and facilitate the adoption of centralized and decentralized index products.
NEX currently focuses on providing support in various sectors. Items that include NEX include a Crypto 5 index, which is associated with anti-inflation, as well as upcoming support for Arbitrum and AI. It supports both DeFi and TradFi users.
The team is fortunate to have brought on board the director of a leading Italian bank. He will leverage his extensive network of TradFi customers and institutions to increase protocol adoption and cultivate relationships with other financial institutions and asset managers.
The reason why NEX is responding to this TO BUILD would benefit from Chainlink’s Oracle solutions for security and reliability. Through the association, NEX will be provided with connectivity to Chainlink data feeds and Chainlink CCIP to support interactions between vaults in separate blockchains. Additionally, the association will link with the alpha and beta versions of Chainlink items.
In return, NEX will have to hand over 3.5% of its conventional token supply to Chainlink service providers and stakers.
Chainlink is a benchmark for decentralized computing platforms and is helping to boost the authentic internet. It has performed a large number of transactions by offering connectivity to real-time data, off-chain computation and cross-chain interoperability to financial institutions, as well as startups and builders.
In the case of NEX, it offers help to investors who want to explore different industries, including computers, memecoins and L2s.