In our regular new weekly round-up, BSC News will be bringing you the latest in Chainlink integrations, and this week we have Binemon, KlimaDAO, and LAProp.
Chainlink Integrations Abound
In this week’s roundup, Binemon, PlaytoEarn project on BNB Chain, has integrated Chainlink Price Feeds utilizing a source of verifiable randomness in the NFT distribution involved in the game.
The integration was revealed to BSC News by the Chainlink team via an exclusive press release. The move will see Binemon make use of a tamper-proof and auditable source of randomness needed to assign verifiably random numbers to each Binemon egg when a player opens one. This verifiable randomness will also be utilized in determining winners of raffles and special events, helping offer transparency and security to users and participants.
“Providing our community with a high standard of transparency is essential, which is why integrating Chainlink VRF was a simple decision. The industry-standard RNG solution helps us give stronger assurances to our player base that our raffles are provably fair and tamper-proof,” stated Frank Desifone, CEO at Binemon.
Binemon is a meme NFT play-to-earn game combining multiple genres: Collectible, Gacha & Idle RPG. The project recently underlined its backing for $AMB and has set about pushing forward in its own development with the adoption and integration of Chainlink Verifiable Random Function (VRF).
Other Chainlink Integrations
LAProp
LAProp, the tokenized real estate platform designed for Latin America, has also integrated Chainlink Keepers on the BNB Chain mainnet this week. The project will be looking to leverage Chainlink Keepers to securely and efficiently automate rental payments to token holders.
The rental distribution requires rent paid by tenants to be sent to multiple token holders of the property in weekly or monthly periods. Chainlink Keepers and its proven infrastructure will help ensure that every rent payout is executed on time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended.
“With the help of Chainlink trust-minimized services, we’re excited to democratize the property asset class by making it accessible to investors who were previously kept out of the market due to high capital requirements. We selected Chainlink Keepers to help automate our rental payout feature because they’re the most reliable, robust, and decentralized automation solution available,” explained Alejandro Jaramillo, LAProp’s CEO.
KlimaDAO
Outside of BNB Chain, KlimaDAO—a project bringing tokenized carbon credits to the forefront of Web3—has integrated Chainlink Price Feeds on Polygon mainnet. The project will now have access to reliable price data feeds that can help them securely offer gOHM/KLIMA bonds to users. Ultimately, this integration helps enable KlimaDAO to align itself with Olympus DAO further and provide a robust liquidity rail for the KLIMA token.
As ever, the motivations behind integrating Chainlink Price Feeds remain unchanged for most projects, including KlimaDAO:
High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data 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.
“By using Chainlink Price Feeds to support KlimaDAO’s bonds, we’re giving users peace of mind that the bonds are accurately calculated and that their underlying price data has not been manipulated,” Dionysus, a KlimaDAO core member, confirmed in the exclusive press release.
Follow BSC News as we chart the new and exciting Chainlink integrations from hopeful projects on a weekly basis.
What is Chainlink:
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
