Elysia, a tokenized real estate trading platform, announced the integration of Chainlink oracles for real estate valuation and exchange rate acquisition

Rhythm BlockBeats news, on December 4th, Elysia, a decentralized platform for trading tokenized real estate, announced that it has integrated with the decentralized oracle network Chainlink. Real estate valuations and calculation of dividend distributions to token holders.

The decentralized real estate platform launched by Elysia allows users to purchase Pass, and distribute dividends to pass holders when the relevant properties generate income. Elysia uses Chainlink oracles to provide users with accurate portfolio valuations, calculates based on fair market prices, and then distributes dividends to token holders.

Elysia’s first integration with Chainlink will release KRW/USD  (Korean Won/U.S. Dollar ), EL/KRW (EL/Korean Won), EL/USD (EL/U.S. Dollar) and other price feeds are used to allocate monthly rental income for properties located in South Korea. Afterwards, the two parties further joined hands, Elysia will be Chainlink  The data provider on the oracle network provides the price data of residential and commercial real estate in Seoul collected by the parent company BEES and its alliance of real estate developers in South Korea.

About Chainlink

Chainlink is the most mainstream blockchain in the market An oracle that provides security for universally connected smart contracts. It is compatible with any blockchain environment and can connect to all high-quality data sources on and off the chain. The Chainlink community is spread all over the world and has hundreds of thousands of community members. The community is responsible for the governance of Chainlink and is committed to improving the fairness of smart contracts. The Chainlink network currently provides security for billions of dollars worth of smart contracts across sectors such as decentralized finance (DeFi), insurance, and gaming.

About Elysia

Elysia ( Elysia) is a decentralized platform for trading tokenized real estate, ensuring accountability and transparency in real estate ownership transactions. Elysia is the first legal and compliant company in South Korea to provide real estate fractional ownership transaction services, and currently launches commercial and residential real estate products located in Seoul.

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