Aegis Launchpad Integrates Chainlink Price Feeds to Help Determine Fair IDO Allocations

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aegislaunchpad.medium.com8m ago

We are excited to announce that Aegis Launchpad (AGSPAD) — a decentralized, multi-purpose launchpad — has integrated Chainlink Price Feeds on Ethereum, Binance Smart Chain, and Polygon. The initial integration involves the BNB/USD, ETH/USD, MATIC/USD, and SOL/USD Chainlink Price Feeds to provide accurate conversion rates for helping determine IDO allocations on our launchpad. With various projects launching on our platform, it’s critical to have reliable, secure price data that helps ensure a fair and tamper-proof IDO allocation process.

We selected Chainlink because its infrastructure is seamless to integrate and time-tested in production. Chainlink Price Feeds already help secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

As a decentralized, multi-chain IDO launchpad, the Aegis Launchpad allows for organic fundraising across multiple leading blockchains while safeguarding clients in case of unfavorable outcomes or unforeseen circumstances. We aspire to attract associations, corporations, and individuals to utilize our launchpad by simplifying IDO processes. For example, investors don’t need to choose what network they want to use in order to participate in our IDOs.

In order to determine allocations for our IDOs in a fair and transparent manner, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments.

After reviewing various oracle solutions that provide on-chain price data, we selected Chainlink Price Feeds because they provide access to the highest quality data with broad market coverage, robust oracle infrastructure proven to be reliable during extreme network conditions, and various on-chain monitoring systems that allow users to verify the integrity and performance of oracle networks. The end result is highly accurate, up-to-date, tamper-proof, and transparent price reference data that are made accessible on-chain for our smart contracts to consume in a single function call.

“A small change in price can cause drastic differences in the initial token cost for IDO participants, making access to robust price data mission-critical for building out a fair IDO process. Chainlink Price Feeds enhance our platform by creating stronger transparency guarantees around the IDO allocation process through highly reliable, decentralized price data.” — the Aegis Launchpad Team.

About ChainlinkChainlink 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.

Learn more about Chainlink by visiting chain.link or read the documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Aegis Launchpad Aegis Launchpad is a unique multi-chain project launch solution that also provides a P2E game which utilizes NFT mechanisms and is powered by the AGSPAD token. The AGSPAD ecosystem is driven by requiring users to hold AGSPAD to participate in the P2E and IDO launchpad. The platform is designed to engage all investors by using a non-tier list allocation system enabling all levels of investors to benefit. The platform facilitates a robust community by instilling safe investing from use of the insurance system integrated into Aegis’s smart contract.

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