Oracle, a blockchain-independent oracle platform native to Polkadot, announced today that it has partnered with Polkalokr (a multi-chain custody and token exchange protocol). Through Polkalokr, procedures can be established to protect investors from losses due to the release of staggered tokens; and conditional expenditures to return the remaining funds to investors if the developer does not make progress.

Trustless multi-chain custody

One thing that makes blockchain valuable is to eliminate the need for trust and middlemen. But after scaling up, the difficulty of bridging different blockchains has brought new complexity to users and developers. Therefore, OROA simplifies a lot of work through its cross-chain data products, so that information can flow freely between ecosystems. Similarly, Polkalokr allows the use of total custody and atomic swap solutions.

“This collaborative initiative will leverage the unique features of each platform to help achieve our two goals. It will also allow us to explore more powerful solutions to overcome existing barriers to DeFi and establish a smooth path for users. “
– Imran Ashfaq, CEO of Polkalokr

In this industry, the vast majority of projects are either stagnant, outright scams, or impossible to execute at all. Investors bear very high risks when investing in early-stage projects. The ORAO team is particularly interested in Polkalokr’s advanced hosting services, and it believes it will find valuable utility tools in the token locking and distribution process.

“Polkalokr presents a very interesting opportunity for token unlocking/attribution. We are excited to explore the different use cases that this partnership will bring.”
– Nikola Strahija, CEO of EAGLE