Kylin Network, the cross-chain platform powering the data economy on Polkadot, is proud to announce a strategic partnership with Xangle.io, the leading global crypto asset disclosure platform which is institutionalizing information disclosure and distribution practices in the crypto industry. Kylin and Xangle will share various data feeds regarding on-chain and off-chain data, and Kylin will help Xangle utilize analytical functionalities regarding Polkadot on-chain data.
The partnership will provide Kylin with a profile page and regular disclosures on Xangle.io. The profile page will include public information about the Kylin team, on-chain data about the project’s performance, and various other metrics used to evaluate a crypto asset project. Disclosures will keep the Kylin community and the entire industry informed about important updates from Kylin Network. Both measures will increase the transparency of the Kylin Network. Xangle will also share all Xangle Credibility Ratings (XCR) reports and disclosure data to the Kylin Network for further distribution.
In return, Kylin will help Xangle engage in and understand the burgeoning Polkadot ecosystem. Xangle will receive details about the fundamental adoption and progress of the Polkadot ecosystem, and about Kylin Network itself. Kylin Network is the first Polkadot-based project working with Xangle to explore the Polkadot ecosystem more closely.
Kylin will also help broaden the usage of XCR by connecting XCR scores to different mainnets, most notably Polkadot, through their platform. One of the main Investor Relation Management (IRM) services Xangle offers is the XCR report. This is a report of a blockchain project’s team composition, IR activity, business performance, financial sustainability, legal risks, and other considerations.
This partnership is very important to Kylin because it represents their first formal partnership designed to demonstrate the power of validated data that goes above and beyond oracle price-feeding. Such validated data, curated for anyone interested in crypto assets, is immensely useful to traders, projects, and regulators alike as it sheds light on the inner workings of a project and its apparent growth.
Xangle also looks forward to emboldening and strengthening their core product — institutional standardization of crypto-project ratings — via Kylin’s decentralized data validation processes, such as the oracle and arbitration nodes.
Lihan Hyunwoo Lee, Co-Founder and CEO of Xangle:
“We were impressed with the scope of the project and excited about the prospect of providing a decentralized validation process to support our core offering. In addition, we see that the Polkadot ecosystem is expanding rapidly. In partnering with what we see as the the most infrastructural project on Polakdot from a data perspective, it became very matter-of-fact that we should explore synergies in many ways.”
Dylan Dewdney, CEO of Kylin Network:
“It is one thing to be able to meet with, manage and coordinate both on-chain and off-chain data, it is an entirely other thing to reckon with it. Kylin allows a validation layer to exist alongside the incredible work Xangle is doing. They are going to be a very powerful force in crypto, evaluating crucial project data by which every industry player, whether they be an institution or a retail investor, can be affected. It won’t be enough to simply grab naked data in the future, we will need to have assurances of the basic validity of that data ensured by a validation mechanism. I think Xangle presciently recognizes this and we are so grateful to be working on the cutting-edge with them!”
Both teams will have further exciting announcements in the months ahead!
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network hopes to provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
Contact Kylin Network
- Telegram: https://t.me/KylinOfficial
- Twitter: https://twitter.com/Kylin_Network
- Discord: https://discord.gg/PwYCssr
- Medium: https://medium.com/kylin-network
- Linkedin: https://www.linkedin.com/company/kylinnetwork
- Official website: https://kylin.network/
Xangle allows users to discover, evaluate, and follow their favorite crypto asset. Use Xangle to discover meaningful information and updates about your favorite tokens and projects and benefit from a unique combination of both on-chain and off-chain datasets.