Stablecoin Protocol Hope.money Joins Chainlink BUILD to Advance Web3 Vision

Twitter icon  •  Published vor 9 Monaten  •  Hassan Maishera

Stablecoin protocol Hope.money has become the latest entity to join the Chainlink BUILD program in a bid to advance its Web3 vision.

TL;DR

  • Hope.money becomes the latest protocol to join the Chainlink BUILD ecosystem.

  • The stablecoin protocol seeks to advance its Web3 vision by joining Chainlink BUILD.

Hope.money Now Part Of The Chainlink BUILD Ecosystem

Hope.money, the distributed stablecoin project, has become the latest entity to join the Chainlink BUILD program. 

In a press release shared with Cryptowisser, the team said by joining the BUILD program, Hope.money can boost its ecosystem development and foster widespread adoption of the HOPE Ecosystem. It would achieve this by leveraging enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security. 

While speaking on this latest development, Hope.money founder Flex Yang stated that,

“We're excited to join Chainlink BUILD and get enhanced access to industry-standard oracle services, technical support, and a robust cryptoeconomic model. Stablecoins, as one of the most thrilling applications of Web3, require an unparalleled level of security and reliability in their infrastructure. Our goal of creating the next generation of money is greatly supported by our membership of Chainlink BUILD. This will help drive growth and foster innovation within the HOPE ecosystem.”

Hope.money To Leverage Chainlink’s Products 

Hope became a member of the Chainlink BUILD program to take advantage of the security and reliability benefits provided by Chainlink’s Oracle infrastructure. Hope is set to gain access to a wide range of key benefits, including automated monitoring of reserve assets through Chainlink Proof of Reserve, industry-standard price data via Chainlink Price Feeds, secure smart contract automation with Chainlink Automation, and early access to Chainlink product alpha and beta releases, among other benefits.

The Hope team intend to establish the strongest suite of protocols and tools for long-term growth and expansion as it continues striving towards its goal of becoming the “Next Gen Money.”

Hope recently unveiled a special promotion of its latest offering, HopeCard, while attending Asia’s premier Web3 and crypto conference, TOKEN2049. Conference attendees who completed KYC on-site were able to activate HopeCard Beta and enjoy a free upgrade to the Premium tier with various exclusive benefits.

Hope.money aims to provide frictionless and transparent next-gen financial infrastructure and services that are accessible to everyone. The all-in-one ecosystem provides a comprehensive set of use cases for its distributed stablecoin $HOPE (backed by reserves of BTC and ETH), including swaps, lending, custody, clearing, and settlement, while incentivizing users to participate in the ecosystem and community governance through $LT.

Meanwhile, Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries.

 

Next article XDEFI Rebrands to Become Ctrl to Transform Web3 Self-Custody and Onboarding

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.