Chainlink
$30.94 1.82%
LINK · 4w

CUE Protocol is Integrating Chainlink Price Feeds and Chainlink VRF

CUE Protocol <> Chainlink

We’re excited to announce that CUE Protocol — an IDO Launchpad and NFT marketplace — is integrating Chainlink Price Feeds and Chainlink Verifiable Random Function (VRF) on Binance Smart Chain. By integrating the industry-leading decentralized oracle network, CUE Protocol will have access to high-quality, tamper-proof price feeds and a verifiably tamper-proof source of randomness, both of which are necessary to running various games and pricing assets on-chain.

We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps 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.

CUE Protocol is a gaming and NFT marketplace on Binance Smart Chain that recently launched an IDO launchpad for games and projects looking to create exciting launch experiences alongside CUE’s gaming offerings. The most notable parts of the Chainlink integration will include:

Chainlink Price Feeds:

NFT MarketPlace V2 — to list NFTs in USD value yet enable payment in BNB based on real-time exchange rates. CUE Launchpad — to support participation in different cryptocurrencies Luck Draws — to peg the price of tickets to USD Prediction Games — to settle markets at expiry

Chainlink VRF:

Lucky Draws — to select random winners Prediction Games — to choose random winners in contests NFT MarketPlace V2 — to determine the contents of mystery loot boxes and outcomes of lucky dip minting. CUE Launchpad — to distribute allocations to users in IDOs when demand exceeds supply

We selected Chainlink Price Feeds because they provide a multitude of critical features such as:

High-Quality Data — Data is sourced from numerous premiu...
Continue on cueprotocol.medium.com
Recent news
No posts found