Bacoor is thrilled to announce a partnership with the popular decentralized oracle API3. We expect this cooperation will extend our reach to the DeFi field with high-frequency APIs from API3 team in our upcoming DeFi projects. In the immediate short term, this integration will improve the UX across our current products as KEYRING PRO (Multichain), Pantograph (TomoChain), and HB Wallet (Ethereum).
API3’s native integration will ensure the efficiency and accuracy of our upcoming DeFi projects. Bacoor believes by maintaining the high level of accuracy, we will be able to scale up DeFi projects sustainably with multichain adoption at the lowest slippage rate.
Our ultimate goal is to narrow down the gap of user experience between CEXs and DEXs. In our mind, future DEXs must provide a cross-chain environment at the lowest fee with high liquidity. Hence, data accuracy is extremely important for us to achieve our ultimate goal. Hopefully, this cooperation will benefit both Bacoor and API3 in term of future development.
KEYRING PRO enables Simultaneously Multichain Wallet Connect to DEXs and Dapps by interacting with any Web Browsers remotely from your Phone as a ‘Mobile Browser Extension’. The app now lets you connect to Ethereum (ETH), TomoChain (TOMO), Binance Smart Chain (BSC), and Houbi ECO Chain (HECO) at the same time with a full cross-chain experience.
Pantograph exists as an all-in-one ecosystem on TomoChain, where you can create NFT from Instagram, sell NFT on Panto Market, trade on Pantograph DEX, chat and send crypto simultaneously, or integrate to WordPress websites, etc.
HB Wallet strives to build the best environment for users to interact with projects on the Ethereum Blockchain, which include protocol, token, Dapp and DeFi app. The app has obtained over 300,000 downloads since 2017 from all over the World.
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About Bacoor Inc.,
KEYRING PRO, Pantograph, HB Wallet, And More
Bacoor offers a wide-range of services to fully support any Projects, or Companies that willing to explore the amazing Blockchain Technology.
In the last 04 years, Bacoor has associated with various companies through 15 Blockchain Projects, as the industry blooming faster than ever. In our possession, we own 04 main projects, as the most popular one is HB Wallet. Our HB Wallet has obtained over72,000 active users, and more than 300,000 downloads from all over the World within 03 years.
To reach this state, we have paid intensively to earn the specialized knowledge and experience. It includes great experience along with bad ones. Above all, we will keep moving on, and never stop taking on new challenges.
Recently, we have successfully launched Pantograph on TomoChain in May 2020, and KEYRING PRO in February 2021. The two apps enable anyone to experience latest applications of Blockchain in the simplest way. For instance, you can create NFT (Non-fungible token) from scratch without coding; send any assets without knowing the address of the receiver; make transactions that completely free; and much more.
By Q4 this year, we will introduce more multichain DeFi projects that facilitate latest Blockchain technology.
With decentralized applications beginning to provide meaningful services in areas such as decentralized finance, there is an increasing need for these applications to receive data or trigger events using traditional Web APIs. However, the generic oracle solutions fail to appropriately address the API connectivity problem due to an over-generalized and misguided approach.
To remedy this issue, API3 will drive a collaborative effort to create a new generation of blockchain-native, decentralized APIs, or dAPIs for short. dAPIs are composed of first-party oracles operated by API providers, and thus are more secure and cost-efficient than alternative solutions that employ middlemen. At the core of the governance, security, and value capture mechanics of this initiative will be the API3 token.
Staking the token will grant its holders full governing rights over the API3 DAO along with all the associated rewards. Staked API3 tokens will be used as collateral for the on-chain insurance service that will provide quantifiable and trustless security guarantees to dAPI users.
These mechanics will remove the need for a central authority at the ecosystem level. As a result, the API3 Project will allow smart contract platforms to leverage APIs for the building of meaningful applications in a truly decentralized and trust-minimized way.