Treedom x Chainlink VRF Integration

Treedom, one of the first deflationary NFT projects, has integrated Chainlink Verifiable Random Function (VRF) on Ethereum mainnet.

By integrating the industry-leading decentralized oracle network, they now have access to a tamper-proof and auditable source of randomness needed to help ensure that each consenting NFT holder is equally likely to have their NFT burned in exchange for rewards. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users can earn ETH through an incentivized program in a unique and fun way, while also increasing the value of each NFT from an investment perspective.

Treedom NFTs have the unique property of deflation. To achieve this property, the total supply of NFTs must decrease in the long term. While they have other functionality to temporarily decrease supply, by integrating Chainlink VRF for RNG to help power a burn lottery, their long-term deflationary goals can be met by permanently reducing supply.

“Chainlink VRF provides transparent randomness that our users can audit themselves, helping to create a secure method for implementing our deflationary burn mechanism.” — Nolan MacLear, CEO

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 Treedom,

The goal of the Treedom project is to delist as many trees as possible. They want to add value for NFT holders by temporarily or permanently reducing the supply. Their goal is achieved by implementing the burn lottery, freezer and health functionality. The Treedom Team is dedicated to preserving the individual value of each NFT over the long term.

📰 INFO

https://medium.com/@treedom_io/treedom-integrates-chainlink-vrf-to-help-power-deflationary-nft-burns-707c5d41f90d

Treedom x Chainlink VRF Integration

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