Leonicorn Swap is Integrating Chainlink VRF for Fair Randomness for NFT Boxes

Published on: 05.10.2021

Leonicorn Swap is Integrating Chainlink VRF for Fair Randomness to access a verifiably tamper-proof source of randomness within our lucky draw games and surprise NFT loot boxes. The end result is a more transparent and provably fair way to select winners and distribute random rewards via on-chain games, all in a manner that is publicly auditable.

Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The Leonicorn smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This helps provide our users with automated and verifiable proof directly on-chain that Leonicorn Swap lucky draws and surprise NFT box openings are provably fair and were not tampered with by the oracle, outside entities, or the team.

About Chainlink

Chainlink 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.

About Leonicornswap

Leonicorn Swap is a decentralized exchange (DEX) built and running on the Binance Smart Chain (BSC). The decentralized exchange introduces to the cryptocurrency industry new and advanced features that let our users earn and win tokens. Among the notable features include operating based on the Automated Market Makers (AMM) model and a non-fungible token (NFT) marketplace. This has helped us build one of the most innovative platforms allowing users to trade digital assets and give them complete control over their money and investment decisions. Leonicorn Swap is truly decentralized with blockchain technology leveraging the most user-friendly, efficient, and secure cryptocurrency solutions.

➡️Source:
https://swapleonicorn.medium.com/leonicorn-swap-is-integrating-chainlink-vrf-for-fair-randomness-in-lucky-draws-and-surprise-nft-1da5ab4aafcc

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