NFTendo Using Chainlink VRF on BSC
NFTendo has integrated Chainlink’s Verifiable Random Function (VRF) on the Binance Smart Chain Mainnet.
NFTendo will use Chainlink VRF as part of the Community Reward System, where a portion of the BNB token sale proceeds are randomly awarded to a select few NFTendo holders if the total supply has been sold out within 6 months from start of sale. As a result, users can collect NFTs and have the chance to earn additional rewards just for participating. On top of this, as part of the Community Reward System NFTendo allocates 300 BNB to a charity voted by the community where one NFTendo equals one vote.
“We picked Chainlink because it is the best oracle solution out there by far and has proven to provide reliable VRF to a wide variety of high-quality projects. The execution and support of the Chainlink Network is unrivaled in this space. Additionally, VRF is very easy to use, along with very clear documentation that facilitates quicker development from our team.“ — Patrick (Team Manager)
This integration of Chainlink VRF allows NFTendo to combine both the appeal of NFTs as a means of artwork ownership and the concept of gamification to create an interesting game theory dynamic: NFTs that are used to determine participants in a Community Reward System. Given the value at stake, Chainlink VRF not only provides users a strong guarantee that they have a fair opportunity to win the Community Reward System, but also drastically reduces the development burden of creating a transparent reward system, which fundamentally requires a secure and verifiable source of randomness.
What is Chainlink?
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
What is NFTendo?
NFTendo team is a project that aims to gamify NFT art, making it both fun and lucrative at the same time. Composed of very experienced team members in the blockchain space, NFTendo hopes to attract more eyes into the NFT space by luring individuals with very big prizes.
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