Moonpot and Chainlink Partnering for Verifiable Number Generation on the Lotteries

MoonPot will have the public assurance that all their prize pot choices are secure, random, and unpredictable.

Provably Fair

The pot that keeps on giving has teamed up with Chainlink to randomize their lottery choices. ‍

MoonPot integrated the Verifiable Randomness Function (VRF) from Chainlink and, as of August 10, users can now expect to have tamper-proof and auditable randomness on Binance Smart Chain prize pots.

Moonpot seeks to optimize its lottery pots to the best of its ability. By joining with Chainlink, there will be a more transparent and efficient random number generation. 

“Chainlinking Moonpot with VRF functionality was a clear choice in terms of accessing the most secure and trustworthy source of verifiable randomness,” confirmed the Beefy Finance team in the Medium blog announced. “Chainlink VRF was extremely easy to integrate and allowed us to quickly launch our Moonpot product without worrying about the winner selection process being manipulated.”

The Chainlink VRF uses a combination of the oracle node’s pre-committed private key and unknown blockchain data to produce a random number for the lottery and cryptographic proof for transparency.

MoonPot Leveraging Chainlink VRF

Moonpot employs a friendly and easily accessible prize pool for users on Binance Smart Chain. The prize is win-win.

Chainlink will bring innovation to the current Moonpot selection process and build on the previous inefficiencies of random number generation. Users who deposit into the pot get a chance to win some of the total aggregated yield from all user deposits powered by the Beefy Finance yield aggregation.

Plus, users still earn interest––over 100% annual percentage returns––on their deposits sealed into the prize pool. Users can also withdraw their funds after a ten-day timelock.

“This creates a more exciting, transparent, and fraud-proof user experience, as users can participate in Moonpot pools with strong assurances that the winners will be chosen with integrity,” reads the official statement from MoonPot.

The next Moonpot smart contract will only be able to accept the specific random number input with the verifiable cryptographic match. The dual authentication gives public assurance directly on-chain that is provably fair. The results cannot be tampered with or predicted by anyone.

The prizes from MoonPot are extremely juicy. The current pots offer a chance to win up to $348,852––there are still three weeks to enter.

The deposits are huge and easy to participate and now with the utmost randomness. With prizes that big, the integration of the Chainlink VFR shows the MoonPot takes its efforts seriously.

About Chainlink

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink’s Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.

Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit:

chain.link | Solutions | Docs |Twitter | Discord | Reddit | YouTube | Telegram | GitHub 

About MoonPot

Moonpot is a no-loss lottery protocol on BSC. The protocol can be best described as a savings account that offers users a chance to win 20% of a massive lottery each week. The best part of Moonpot’s lottery is that users never have to pay to play. Users just have to have money staked in a Moonpot savings account.

Where to find MoonPot: 

Website | Twitter | Telegram | Discord |

Source : bsc.news