Ainslie Bullion Integrates Chainlink Price Feeds to Help Secure Precious Metals Pricing
Ainslie Bullion is pleased to announce that we have integrated Chainlink Price Feeds. By integrating the industry-leading decentralized oracle network, Ainslie Bullion now has access to high-quality, tamper-proof price feeds needed to help price precious metals, such as gold, silver and platinum, on our platform using accurate market data. This will provide our customers with stronger assurances that the price oracles that Ainslie Bullion is using are highly secure, reliable, and transparent.
We chose Chainlink as our oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading decentralized finance (DeFi) protocols, maintaining robust security and high availability even amidst unexpected events and high market volatility.
The multi-billion-dollar precious metals industry often relies on unreliable data sources for pricing assets, leading to an inconsistent user experience and pricing downtime. By using a multi-layered decentralized aggregation system, Chainlink Price Feeds help solve these issues by providing transparent, secure, reliable, and up-to-date price information on a wide variety of assets while maintaining a high level of uptime and data quality.
Ainslie Bullion is Australia's leading gold, silver, and platinum dealer. With a long history in the industry, we have been operating since 1974 with offices located in Brisbane and Melbourne but a nationwide loyal customer base.
Our legendary customer service, easy and secure storage options, live pricing and extensive range of gold, silver and platinum products means that there's no better place to buy, sell, swap, and store bullion.
After reviewing various oracle solutions to help price precious metals, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
Chainlink Price Feeds are also used to help price our Gold & Silver Standard Tokens (AUS and AGS)—digital tokens backed by allocated gold and silver bullion secured, insured, and independently verified in a high-security Australian vault. Gold & Silver Standard tokens are listed on CoinSpot, MRHB.Network, METEX, Bamboo, and also available OTC at Ainslie Crypto.
“Chainlink Price Feeds underpin the DeFi economy with highly secure, reliable, and decentralized market data. We’re excited to bring more transparency and reliability to our clients by using Chainlink to help price precious metals for both traditional bullion products and our AUS and AGS tokens.”—Paul Engeman, Director at Ainslie Bullion
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Ainslie Bullion
Ainslie is Australia's leading bullion dealer providing more trustworthy and cost effective ways to own history's pre-eminent monetary assets. Ainslie offers traditional physical bullion bars and coins, including Ainslie Bullion's very own extensive range of gold and silver bars or as Perth Mint's Primary Distributor. We also have Australia's largest traded, and very own, Gold & Silver Standard tokens - 100% backed by allocated vaulted bullion, independently verified, fully insured and with on-site proof of reserve. Finally we offer NFT's combining all the cutting edge attributes of NFT's with the security of full asset backing of Gold & Silver Standard tokens.
About Gold & Silver Standard
The Gold & Silver Standard is a leading provider of fully-backed digital assets in the form of tokens hosted on the Ethereum network. These tokens are 100% backed by vaulted fully allocated bullion, independently verified by PKF, and fully insured, making them a secure and reliable choice for investors. In addition to traditional gold and silver tokens, the Gold & Silver Standard also offers NFTs (non-fungible tokens) that combine the cutting-edge technology of NFTs with the security of full asset backing.
The Gold & Silver Standard is part of the Ainslie Bullion Group, Australia’s leading bullion dealer since 1974. Ainslie's decades of experience in the bullion industry allows them to offer the most transparent and trustworthy fully-backed digital currencies in the market. With partnerships, integrations, and infrastructure already in place, Gold & Silver Standard is able to provide real liquidity and metal already in custody, with no need for fundraising or gimmicks.
You can find more information about our physical branches at the following links:
Learn more about Ainslie Bullion by visiting ainsliebullion.com.au. To discuss more about Ainslie’s Price Oracle integration, call us on 1800 819 474 or (Overseas Phone) +61 7 3221 0500 .
Learn more about Gold & Silver Standard by visiting goldsilverstandard.com. To discuss more about Gold & Silver Standard’s PoR integration, call us on 1800 987 648 (Australia) or +61 7 3221 0500 (Overseas).