[PRESS RELEASE – Please Read Disclaimer]
The team behind Cardence is pleased to announce that it is integrating Chainlink Price Feeds and Chainlink Verifiable Random Function (VRF) in an effort to bring advanced functionality to its decentralized multichain pre-sale platform and launchpad.
The reliable and highly secure market data provided by Chainlink’s price feeds will allow Cardence to participate in presales using different cryptocurrencies. At the same time, the verifiable source of on-chain randomness brought by Chainlink’s VRF will help ensure fair and transparent distribution of rewards and the IDO whitelist.
The integration of Chainlink is, in general, a very important step for the future of the ecosystem. Chainlink price feeds are known to be the most widely accepted Oracle Price solution when it comes to the smart contract industry. All reliable projects in DeFi take advantage of this. For initial integration, Cardence uses price feeds for ETH / USD, BNB / BUSD, and MATIC / USD. The team says the next step would be to integrate multiple price feeds to facilitate cross-chain purchases such as user purchases in a BSC presale using ETH, for example.
There are multiple benefits to integrating Chainlink price feeds. Accurate trading information is one of the most important things to consider. The feeds draw data from various premium aggregators, leading to a price that is collected from hundreds of exchanges, both centralized and decentralized. Furthermore, data security should also be considered due to the fact that Chainlink’s price feeds have decentralized data procurement and data delivery processes – this generates serious protection against anomalies and tampering.
However, it is also important to consider that Chainlink’s VRF integration also brings significant benefits. This is a tamper-proof and verifiable source of randomness. This will be used to distribute project rewards, as well as airdrops, also hosting safe and honest competitors and engaging in fair and impartial whitelisting.
The team plans to create an ecosystem where projects can carry out their community building efforts and their presales. Through the Chainlink VRF, Cardence creates reward portals for users for distribution and airdrops, for pre-sale whitelisting activities and so on.
Talk about the matter was Obaid UI Ahad, CEO of Cardence, who said:
“We are delighted to bring advanced functionality to our ecosystem by integrating two highly secure and reliable Oracle services from the Chainlink network. […] Chainlink’s price feeds will help ensure that our users have consistent access to fair market exchange rates for crypto-to-crypto transactions, while Chainlink VRF establishes a fair selection mechanism for user selection within high demand processes.
Cardence carries on a decentralized multichain presales platform focused on Cardano. Its goal is to provide a trustless fundraising ecosystem. The platform is about to be launched on Ethereum, Matic, Cardano, Ethereum and Cardano. It is also advertised to be the first pre-sale platform that facilitates project affiliate marketing, the issuance of tokens for a vesting program, the whitelisting of various participants, and the automatic blocking of liquidity.
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