Luder Protocol Integration with Chainlink

Published on: 03.02.2023
Luder Protocol Integration with Chainlink

Luder Protocol Integration with Chainlink, they now have access to a tamper-proof and auditable source of randomness needed to help randomly select raffle winners from the list of participating holders. 

Ultimately this creates a more exciting and transparent user experience, as users can be sure that they have an equal chance of winning and can verify the randomness of the results throughout the process. As Luder Protocol Integration with Chainlink.

The token contract is the one that manages and constantly evaluates the funds of the sub-contract in each transaction.

When the amount accumulated in this sub-contract equals or exceeds the minimum stipulated by the token contract (defined in ‘_lotteryExecuteAmount’), the contract executes the raffle round function and selects an address, randomly, from an index of participating holders’ list (in ‘_listOfHolders’), which must have a minimum amount of tokens (defined in ‘_minAmountToParticipate’), and sends the accumulated funds in the raffle round sub-contract to them.

Chainlink VRF

The Luder Protocol 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 provides our users with automated and verifiable assurances directly on-chain that selection of winners is provably fair and was not tampered with by the oracle, outside entities, or the Luder Protocol team.

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About Luder Protocol

An innovative BEP-20 token protocol that combines a decentralized and automated raffle system with a token function. This protocol offers a unique solution for users who are looking for a decentralized and automated way to generate profits in cryptocurrencies.

Website | Twitter

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SOURCE: LUDER BLOG
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