DMEX and Berry Data Reached a Partnership
On November 3, DMEX entered into a partnership with Berry Data, the first native oracle on the Binance Smart Chain (BSC). Berry Data will add a reliable data source to DMEX and hence improve the DApp users experience. Berry Data and DMEX will work closely together to develop the NFT ecosystem and innovate DeFi protocol applications.
About Berry Data
Berry Data is a transparent community-veriﬁed price oracle on BSC (Binance Smart Chain). Berry Data provides a trustless and decentralized alternative for off-chain data. Also, it provides the infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide data.
Berry Data is an oracle system where parties can request the value of an off-chain data point and miners compete to add this value to an on-chain data bank, accessible by all dApps on Binance Smart Chain (BSC). The inputs to this data bank are secured by a network of staked miners. BERRY utilizes crypto-economic incentive mechanisms, rewarding honest data submissions by miners and punishing bad actors, through the issuance of Berry’s governance token, BRY, and a dispute mechanism.
DMEX is the world’s first decentralized mining power financial service platform, it provides an innovative NFT tokenization service for various underlying assets such as BTC, IPFS/Filecoin, and ETH mining power based on the ERC-721 protocol.
DMEX is also compatible with multiple smart contracts and public chains based on the Ethereum architecture, such as the Binance Smart Chain and the Huobi Heco Chain. By tokenizing mining power assets into NFTs and integrating DeFi protocol,DMEX solves the transparency issue of traditional cloud mining platforms, mitigates flight risk, and improves mining power asset liquidity.
DMEX aims to construct a comprehensive mining service system and build a global financial infrastructure to satisfy the crypto mining needs of millions of users worldwide. DMEX’s core value is security, transparency, openness, and self-governance. With such a philosophy in mind, DMEX is laying a solid foundation for the upcoming Web 3.0 era and the diverse metaverse world.
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