Strategic Partnership: MINE Network and Kylin Network
Kylin Network, a DeData economy provider, has entered into a strategic partnership agreement with MINE Network in a collaborative effort to prioritize and systematize on-chain revenue data transparency. The partnership will include strategic usage of automated data feeds, along with comprehensive cross-platform intercommunications.
About MINE Network
MINE Network is the First Decentralized Multi-chain Hashrate Token Protocol that solves the liquidity problems of miners on chains, including but not limited to BTC, ETH, and LTC. They will be the first to use multi-chain functionality efficiently and employ hashrate-pegged tokens in cross-chain DeFi applications. In addition, staking their hashrate token (pTokens) will give end-users the tools to easily implement their own self-reliant profitable machineless mining configurations without all the expensive start-up costs or the environmentally hazardous outdated equipment.
About Kylin Network
Kylin Network is bridging the gap between the world and the blockchain by building a cross-chain platform powering the data economy on Polkadot. It will be the informational framework for the future of DeFi and Web 3.0. Kylin Network strives to provide sound, dependable, cost-effective, and synchronized data sources and statistical analytics, which will extend provisional data resources across all data types. Furthermore, their clever usage of Polkadot/substrate Framework will allow them to attempt to build the infrastructure data validation layer of Polkdadot and eventually onto the entire cross-chain universe.
Partnership Vision
MINE Network and Kylin Network will showcase the need for a truly decentralized data economy and its implementation into cross-DeFi eco-systems. MINE Network will seek to leverage Kylin’s highly secure and flexible oracle infrastructure to monitor on-chain revenue data to ensure transparency while utilizing their efficient fast-stream data feeds. Additionally, we will also integrate a test relay network to distinguish MINE Network from previous eco-system partners. In conclusion, both networks will concentrate on specific cross-platform data points and initiatives, emphasizing the usage of idle data sets within the DeData Ecosystem.
Dylan Dewdney, CEO of Kylin Network, stated:
“It is a pleasure to build an alliance with a project determined to tackle the long list of problems currently plaguing the mining industry. Mining is an integral part of what sustains the cryptocurrency community. By cleverly creating synthetic assets with cross-chain capabilities, utilizing Substrate’s OCW off-chain oracle worker, and providing novel mining reward schemes, MINE Network aims to reset the very industry the blockchain was built on. We are excited about the potential of this partnership.”
Andreas Aschenbrenner, Project Lead MINE Network, stated:
“Kylin Networks unrivaled work ethnic and dedications to providing a DeData economy that powers the future of DeFi and web 3.0 is unparalleled. With the utilization of Kylin’s sophisticated oracle, MINE Network stands to showcase the superiority of real transparent and decentralized mining. We are thrilled to have such a treasured partner in Kylin and look forward to aiding them in paving the path for the future where the blockchain is operating solely on transparent and decentralized data.”
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