August 11, 2022 - 4 min read
SupraOracles is delighted to announce a partnership with ebox. The first pillar of ebox technology is the ebox on-chain escrow service, which allows for reversible transactions. It offers unprecedented comfort and trustless safety in regular crypto transfers and transactions.
The chain of clearly trackable blockchain transactions is naturally broken when funds are transferred through the ebox on-chain escrow, obscuring its origin and destination. Ebox allows users to maintain their anonymity toward one another, and no clear-text addresses are ever sent over the internet or saved on-chain.
Additionally, the ebox on-chain escrow provides the option of quickly seeking cash. OTC trades can now be conducted in a fashion protected by the smart contract, eliminating the need to rely on the reputation of a trade partner. The sender may cancel the transaction at any time up until the moment at which the recipient enters the required tokens.
Their OTC-market feature needs a secure method for measuring the actual price of user-submitted offers. The price can change depending on the actual value of the token. Also, when consumers construct a new “box” utilizing their ebox-escrow service, a fixed percentage fee will be withdrawn from their accounts after reaching the threshold. Through this partnership with SupraOracles, ebox is interested in utilizing our oracles per their requirements to solve the above problem. The interoperability, finality, and security properties of SupraOracles’ oracles will be helpful to eBox.
Lukas Schiefer, Co-founder of ebox, commented:
“We are extremely happy to be connected with SupraOracles. Security and DeFi are two major parts of our philosophy and so it seems for SupraOracles, besides that there are other great additions such as finality time, the interoperability aspects, and more why we are really eager to work together in the future.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“By allowing users to cancel or reverse transactions even after they have been sent, the ebox escrow service totally eliminates the risk of typing incorrect wallet addresses or making other common human errors. As ebox may require secure streams of reliable data, we can provide for their robust operations.”
SupraOracles wants to bridge the gap between traditional capital markets and Web3. Our goal is to give the developer community a breakthrough oracle toolset that allows them to effortlessly build, deploy, and manage data applications with improved performance, robustness, and agility.
Experts in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, Ph.D. academics, big four consulting, blockchain/DLT, and DeFi make up our team.
With the support of our developer community and a growing number of partners, SupraOracles hopes to solve the oracle problem and eventually power the future of finance.
ebox is a collection of blockchain-based solutions that provide users with everything they need to transmit, receive, and exchange digital assets safely and securely and enable enterprises to implement flexible and dependable crypto services. ebox eliminates the need for users to worry about sending transactions to the wrong address or ensuring that their transactions are secure and confidential. ebox enables token and NFT holders to engage in private transactions without requiring a centralized exchange.
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