✋🏻 DO YOU ALREADY KNOW THE BENEFITS OF PYTH NETWORK? 👀
🧠 What is an oracle?
An oracle is an essential component in the blockchain ecosystem as it allows smart contracts to access secure and unlimited databases.
PITH is a decentralized oracle that combines traditional finance with DeFi, provides real-time market data, offers good prices, and low latency for cryptocurrencies, stocks, currencies, ETFs, and commodities, and also integrates with more than 40 blockchains.
👁️ Vision
Its main vision is to become the pricing layer for global finance, uniting fragmented real-time market data coming directly from more than 120 financial institutions.
💎 subscription product
Recently, PYTH launched phase two of the institutional monetization product based on off-chain data, it offers not only access to real-time market data, but also reduces costs and improves integration with existing systems!
💼 institutional adoption
Beyond the rapid rise of its adoption by major participants, it has been selected by the U.S. Department of Commerce to verify and distribute government economic data on blockchain.
🪙 Pyth Token
It has a fixed supply (non-inflationary) of 10 billion, and serves the function of incentivizing data contributors and revenue distribution in DAO.
I hope this information is useful for you to learn more about this great project!
