CROXSWAP INTEGRATES CHAINLINK VRF
CroxSwap Integrates Chainlink VRF to Help Determine Lucky Draw Winners.
By integrating the industry-leading decentralized oracle network, CroxSwap now have access to a tamper-proof and auditable source of randomness needed to help determine winners in their lucky draw. Ultimately this creates a more exciting and transparent user experience, as users can independently verify that draw outcomes are fair. As CroxSwap integrates with Chainlink VRF.
VPOTS Feature:
VPOTS = Vaults + Jackpots. It is a unique approach to creating competitive staking with the added bonus of potentially winning a reward. VPOTS is divided into two phases.
- Phase 1 is the Vault phase where users deposit their assets into the Vault to earn rewards with a minimum deposit fee of around 5%. As it is a competitive staking game, early depositors will earn the 3% fee paid by new depositors.
- Phase 2, the lucky draw is enabled. The lucky draw happens every 15 days. The deposit fees accumulated throughout the 15 day period are converted into the Prize Pool.
“Providing our community with a high standard of transparency is essential, which made integrating Chainlink an obvious decision. Now, our users can independently verify that the random number generator used to help select winners in our lucky draw is provably fair.” — CroxSwap team
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Their 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 Croxswap
CroxSwap is a decentralized next-generation multichain yield farming protocol which offers dual rewards for staking and farming. CroxSwap’s cross-chain bridge aggregator (in progress) will be the cheaper & faster service to transfer your assets across networks without any hassle.
