iBetYou Integration with Chainlink

Published on: 28.07.2021

A smarter way to place and track your bets, iBetYou, announced integration with Chainlink’s Price Feeds and VRF to support a new gameplay.

Chainlink price feeds are the quickest way to connect your smart contracts to the real-world market prices of assets. They enable smart contracts to retrieve the latest price of an asset in a single call. IBY will gamify that function to introduce Chainlink’s price feeds with the goal of replacing judges in special game modes, where users can speculate on the price of the cryptocurrency asset in the set time.

The integration of these two functions is the first step that will be further expanded as we progress down the development roadmap.—IBY

One of the most important parts of IBY as a protocol is the role of judges that are solving disputes and earn part of the revenue from the protocol as a reward for their services. All IBY token holders will be able to participate in the judging by locking their tokens for a specific period of time to signal their intent to get involved. IBY will use Chainlink’s VRF to randomly select judges from the judges’ pool, which plays a key role in deciding who is the winner of a particular prediction.

ABOUT iBetYou
IBetYou uses the basic principles of betting and kicks it up a notch with crypto wizardry, powered by MATIC and AAVE. It is a smarter way to place and track your bets.

ABOUT Chainlink
Chainlink is a decentralized blockchain oracle network built on Ethereum. The Chainlink network is used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.

RESOURCES
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