Press Release | apM Coin Integrates Chainlink’s Price Feeds to Enhance Credibility and Security of its Service

apM Coin
apM Coin
Dec 21, 2020 · 3 min read
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(21 Dec 2020 | Seoul, Korea) — apM Coin project, a blockchain-powered customer rewards management platform, will integrate Chainlink’s market-leading oracle network to access the decentralized price feed used for its digital asset-applied services on its customer rewards management platform. This integration will ensure that apM Coin’s users will receive provably fair, transparent, and stable digital-asset based services in association with on-/off-line business transfer between wholesalers and buyers in apM, apM PLACE and apM Luxe.

apM Coin project’s customer reward platform will be adopted in the malls of apM Group, the market leader in Korea’s wholesale fashion industry. apM Group has three wholesale fashion shopping malls: apM, apM PLACE, and apM Luxe. The malls include 1,300+ merchant wholesalers and more than 10,000 average daily customers, totalling more than 1.5 million visitors annually. Among their customers, more than 80% are global buyers running their own clothing distribution business or retails and travelling from neighbouring countries of Korea. The project aims to build the market’s first customer reward platform equipped with customer relation management(CRM) system, which enables the malls to improve customer services and provide the wholesalers with market insights for sustainable business development.

Chainlink is the industry-standard blockchain oracle network, connecting blockchains to data and systems in the outside world. Chainlink’s proven oracle technology is leveraged by numerous blockchains such as Ethereum, Polkadot, and Avalanche; as well as large enterprises including Google, Oracle, and SWIFT. Additionally, their widely used decentralized Price Feeds collectively secure over $4 billion in digital asset value for many leading blockchain projects like Synthetix, Aave, and Kyber Network.

In order to enhance the credibility and stability of apM Coin’s digital asset-based services, the project will utilize Chainlink oracles to attain a decentralized exchange rate for converting its tokens to its other digital assets. By relying on Chainlink, apM Coin will be able to provide fairer token values via an aggregation of price data from multiple high-quality data providers, increased reliability using a decentralized network of secure oracle nodes to deliver prices to our platform, and unforeseen transparency that users can independently monitor. Integrating Chainlink removes apM Coin team from the process of calculating its token price for its digital asset-applied services, ultimately bringing more trust to the process.

apM Coin tokens are currently available for trading on leading digital asset exchanges including Bithumb, Bittrex Global and OKEx. apM Coin project is also gearing up for its service launch along with its mobile application apM Members, targeting apM malls’ wholesale brands and buyer customers.


Media Contact:

Yura Hwang

Assistant Marketing Manager, apM Coin

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