Uranium.io Shakes Up Uranium Market With Real-Time Price Oracle Launch

Uranium.io Launches Real-Time Pricing Oracle

Uranium.io introduced a near-real-time uranium pricing oracle to address price opacity in the uranium market.
The platform aggregates data from various sources, providing updated uranium spot price estimates every 60 seconds.
This innovation aims to enhance transparency and participation in the traditionally opaque uranium market.
Uranium.io tokenizes uranium, allowing investors to trade fractional shares of physical uranium (U₃O₈) via xU308 tokens.
Tokens are backed by real uranium stored in a facility operated by Cameco, a major uranium company.
The project leverages the Tezos blockchain for verification, registration, and tokenization.

Uranium ETFs like Global Uranium ETF (URA) have seen a 71% surge this year, outperforming bitcoin-related ETFs.
The introduction of the pricing oracle could improve liquidity and efficiency in the uranium market.
Uranium is crucial for clean energy, powering nuclear reactors for low-carbon electricity.