We’re excited to announce that SphereX is officially joining the Chainlink BUILD program. As part of BUILD, we aim to accelerate the growth and long-term adoption of our chain-agnostic decentralized exchange by leveraging enhanced access to Chainlink’s industry-leading oracle services and technical support. Additionally, we seek to incentivize greater cryptoeconomic security by committing to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
We’re confident that through enhanced support, secure offchain services, and the support of Chainlink’s vibrant community, we can accelerate awareness of SphereX and realize the adoption of a universally fair and accessible DeFi landscape.
SphereX: Bridging the Gap Between DeFi and Traditional Finance
SphereX’s mission is for our DEX platform to overcome barriers that have traditionally kept people out of financial markets. By empowering our users with secure and performant onchain tools, we can provide them with a greater opportunity to thrive. Our DEX supports fast transactions while maintaining the highest levels of security, efficiency, and inclusivity.
Why We Joined Chainlink BUILD
SphereX joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, SphereX will receive key benefits, including access to and integration of the industry-standard Chainlink Price Feeds to help power secure perpetual markets. Additionally, SphereX is integrating Chainlink CCIP to power cross-chain transfers underpinned by defense-in-depth security.
In exchange for these services, SphereX will make 4% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re excited to join Chainlink BUILD to leverage Chainlink’s battle-test decentralized oracle infrastructure, enhancing the operational efficiency and security of our platform. With Chainlink services helping power our DEX, we will redefine how users interact with DeFi.” — Kai
About Chainlink
Chainlink is the universal platform for pioneering the future of global markets onchain. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About SphereX
SphereX is a cutting-edge decentralized exchange (DEX) designed to make crypto trading accessible, secure, and user-friendly for everyone. By prioritizing decentralization, SphereX ensures that users have full control over their assets, with transparent and low-cost transactions. Committed to fostering a welcoming and inclusive community, SphereX embodies the spirit of Robin Hood, providing financial opportunities for all, especially those new to crypto trading or with limited resources. Join the SphereX community today and experience the future of decentralized finance.
