We’re excited to announce that TrustVibes, our blockchain-based, next-gen social app will integrate Chainlink Price Feeds to provide accurate and tamper-proof exchange rates on our wallet and provide cross-chain NFT integration. This integration will be available initially on the Binance Smart Chain, with a planned expansion to other blockchains and layer-2 solutions. By integrating Chainlink’s industry-leading decentralized oracle network, the TrustVibes app will have access to high-quality, tamper-proof price feeds needed to help ensure that NFT assets and services are offered in the TrustVibes App, can be purchased at up-to-the-second exchange rates, when using supported currencies. This will provide our users with strong assurances that the price they are paying for their NFTs is accurate and current.
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 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.
The TrustVibes app is a groundbreaking addition to the online social space. Our app employs a social community paradigm called TrustCircles that creators use to build and manage their fans. TrustCircles creates better interactions, a healthier environment, and more revenue for creators that can then be shared with fans. The app also offers NFT minting, marketing and selling, and the ability to promote events on and off-platform.
In order to secure accurate exchange rates across the TrustVibes app, we need 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, so we need to make use of an oracle to f...