BiggerMINDS Leveraging Chainlink Automation
BiggerMINDS Leveraging Chainlink Automation live on Avalanche mainnet to help update and distribute dynamic rewards.
Based on the performance of MIND+, in a secure and reliable manner. This gives users a stronger guarantee that they will get their rewards on time.
Since it is the most dependable Web3 automation solution, Chainlink Automation will power BiggerMINDS’ rewards feature. The same group of proven, trustworthy node operators that presently assist in securing tens of billions of dollars in DeFi, even in times of severe volatility and record-high network congestion, runs the Chainlink Automation Network. even during record levels of network congestion and extreme volatility.
BiggerMINDS is an all-in-one DeFi platform with a utility token, NFTs and NFT marketplace, staking, and more. Chainlink Automation nodes wake up smart contracts to react to external events, such as asset prices.
MIND+ performance determines daily dynamic rewards. If the token performs well, the rewards are larger; otherwise, they are lesser.
Chainlink Automation wakes up smart contracts in response to external events using decentralized, hyper-reliable, and economically motivated automation nodes.
Some of the notable features of Chainlink Automation include:
- Highly reliable, performant, and decentralized automation — Chainlink Automation ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager.
- Time-tested infrastructure that helps save costs — Chainlink Automation enables us to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps, and increase speed and efficiency.
- Built to enable faster scaling — Chainlink Automation enables us to scale faster and avoid the challenges that come with building and maintaining the infrastructure needed to reliably automate across multiple chains.
- Unlocks new use cases — With smart contract automation, they able to explore new use cases and unlock capabilities that would otherwise not have been possible.
BiggerMINDS develops a unique set of complementary products, MIND+ token, NFT Marketplace, NFT Staking, NFTs, Staking and more.
Chainlink decentralized oracle network supports Web3 apps & hybrid smart contracts. Offers global enterprises and data providers may access to all blockchains. Chainlink secures tens of billions of dollars across DeFi, insurance, gaming, NFTs, and other major industries.