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, a...