CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

BetSwirl Integration Chainlink Price Feeds

Published on:

BetSwirl Integration Chainlink Price Feeds on Avalanche, BNB Chain, and Polygon. Assist with User Fee Calculation on the GameFi Platform.

BetSwirl Integration Chainlink Price Feeds, This will give more comfort to their users that the fees paid are based on reliable, tamper-proof pricing information.

Their initial integration involves the use of the following Chainlink Price Feeds: LINK/BNB, LINK/MATIC, and LINK/AVAX. They chose Chainlink as their 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.

Anyone from any network may use BetSwirl to place bets using a number of cryptocurrency assets. They want to make BetSwirl one of the most popular betting venues on Web3, allowing players from all over the Web to wager using a broad range of cryptoassets on the site. As a consequence, the platform-released Dice and Coin Toss games include top-notch visuals and music, enhancing the overall fun factor.

BetSwirl intends to become the Web3 location where anybody from any network can make bets using a variety of cryptocurrencies. Launched on the platform, the Dice and Coin Toss games offer visuals, background animations, and music that make the gaming experience more engaging and immersive. CHERE, and we intend to add additional assets in the future.

Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, they needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

About Chainlink

Chainlink builds, accessing, and sells oracle services required to support hybrid smart contracts on any blockchain. Chainlink oracle networks enable smart contracts to connect to external APIs and use safe off-chain calculations for feature-rich apps.

Website | Twitter

About BetSwirl

Anyone from any network may use BetSwirl to place bets using a number of cryptocurrency assets. They want to make BetSwirl one of the most popular betting venues on Web3, allowing players from all over the Web to wager using a broad range of crypto assets on the site.

Website | Twitter

SOURCE

https://betswirl.medium.com/betswirl-integrates-chainlink-price-feeds-to-help-calculate-user-fees-on-gamefi-platform-2dd5564d370

Related

Stay Up to Date with Us

Market Stats:
BTC Dominance: 39.77%(-0.20%/24h)
ETH Dominance: 19.75%(-0.64%/24h)
Defi Market Cap: $43.12B(+86.55%/24h)
Total Market Cap: $1016.72B(-9.10%/24h)
Total Trading Volume 24h: $91.65B(+64.10%/24h)
ETH Market Cap: $197.84B
Defi to ETH Ratio: 21.79%
Defi Dominance: 4.07%
Altcoin Market Cap: $612.42B
Altcoin Volume 24h: $52.09B
Total Cryptocurrencies: 20652
Active Cryptocurrencies: 9661
Active Market Pairs: 60625
Active Exchanges: 512
Total Exchanges: 1712