November 11, 2021 - 3 min read
SupraOracles is excited to announce its partnership with Polkalokr, a fully decentralized multi-chain token locking and escrow platform currently built on the Ethereum network. Projects can lock their tokens in a smart contract which they can then distribute based on a time or event-based trigger that will ultimately execute the transaction. The platform recognizes a variety of triggers and can distribute funds to a wallet address. Some common use case examples include securing digital assets (e.g. NFTs, liquidity) in a time-release Lokr, automating the distribution of team tokens or deed payments, and spreading the distribution of early investor token vesting to prevent dumping.
SupraOracles will be providing Polkalokr with a collection of diversified data feeds for their time and event-based triggers. This data includes sports scores, athletes’ performance stats, meteorological data, political events, and time-based data such as the moment a time zone switches to daylight savings time. As Polkalokr’s use cases expand and evolve, we will collect the pertinent information that allows Polkalokr to securely, accurately, and quickly execute their transactions.
Imran Ashfaq, CEO and Co-founder of Polkalokr, commented: “SupraOracles has shown commitment, innovation and reliability with its data feeds. Along with our roster of other top-quality oracle partners, we’re excited to partner with a provider of SupraOracles’s calibre.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “We are looking forward to employing our oracle solutions and data feeds for a variety of different use cases. One of the many reasons we are so excited about this partnership is the synergy between our team and Polkalokr’s. Our team thrives on the same values as Polkalokr’s and we believe this partnership will grow in time. We are thrilled to be building a long-term partnership with this promising project and their amazing team!”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
Polkalokr is the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Its products — Lokr, Swapr and Bridgr — help to build trust within the DeFi space by removing the human element and focusing on governance through code, with a seamless, omnichannel digital experience platform.
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