The platform aims to be the global and inventive marketplace where users can trade NFTs residing in various blockchains fully decentralized and with the strongest security.

Furthermore, using the world’s first Lucks Trading model lowers the barriers to participation, which is more friendly for users. Users only need to pay for an extremely low cost on BNB Chain and then can have the opportunity to win the valuable NFTs on Ethereum and BNB Chain.

In addition, this innovative model makes NFT trading very interesting and attracts more people to participate, which greatly improves the liquidity of NFT and activates the entire NFT trading market.

OpenLuck supports CryptoPunks, ERC721, and ERC1155 NFT standards, whether it is collectibles, digital artwork, or assets of GameFi and Metaverse, you can conduct lucky transactions here

Features and Innovations

OpenLuck is committed to creating an innovative Cross-Chain NFT marketplace for the community. It focuses on creative trading models and liquidity solutions developments, as well as features and innovations such as decentralization permissionless and cross-chain interoperability.

• Lucks Trading—Lucks Trading is an innovative trading model that combines CrowdFunding &Lottery Draw.
• Cross-Chain—Sellers can use Ethereum’s NFT to create Lucks Trading orders. Through public crowdfunding in the BNB Chain, ordinary users can use small amounts of money and have the opportunity to obtain high-value NFT.
• Decentralization—OpenLuck is a non-custodial NFT marketplace controls by smart contracts running on BNB Chain.
• Permissionless—Benefits from the decentralized architecture design of OpenLuck, you can access and participate in OpenLuck freely and without permission only if you have a BNB Chain wallet address.

Partnership and Integrations

OpenLuck chose to be partners with Chainlink for security matters. Moreover, Lucks Trading feature will now have support as Open Luck integrates all the Chainlink features Chainlink Keepers, Price Feeds, and Verifiable Random Function (VRF)

In brief, Chainlink’s features will help Open Luck in its current form:

• Automatic Crowdfunding (Keepers)
• Securing NFT Prices (Price Feeds)
• Selecting Lucky Draw Winner (VRF)

Automatic Crowdfunding (Keepers)

Automating the crowdfunding method is necessary as it lets Open Luck scale the platform seamlessly. While it’s possible to automate these functions using centralized scripts or manual intervention, these solutions introduce a single point of failure and undermine the security guarantees of our decentralized platform. Chainlink Keepers enable them to automate smart contract operations in a highly protected form.

Securing NFT Prices (Price Feeds)

The Chainlink Price Feeds will go along with the following USD-paired feeds: BNB, BUSD, ETH, USDC, and USDT. Digital artists can now list their NFT for sale easily and in various tokens.

Selecting Lucky Draw Winner (VRF)

Ensuring the participants have an equal chance of winning in lucky draws is a must! Participants win NFTs, so a fair, verifiable, and transparent mechanism is essential for properly distributing the NFTs!

ABOUT OpenLuck

OpenLuck is a decentralized Cross-Chain NFT marketplace built on the BNB Chain which is full of innovation and creativity.

RESOURCES

OpenLuck Network

The post OpenLuck Mainnet Is Coming appeared first on Smart Liquidity Research.

Automating Crowdfunding With Chainlink Keepers

Automating the crowdfunding process is important as it allows OpenLuck to seamlessly scale the platform. While it’s possible to automate these processes using centralized scripts or manual intervention, these solutions introduce a single point of failure and undermine the security guarantees of decentralized platform. So, Chainlink Keepers enable to automate smart contract functions in a highly secure manner.

Chainlink Keepers is a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Keepers serve as decentralized, hyper-reliable, and economically incentivized automation bots that wake up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals or based on external events.

Securing NFT Prices With Chainlink Price Feeds

Therefore the initial integration of Chainlink Price Feeds involves the use of the following USD-paired feeds: BNB, BUSD, ETH, USDC, and USDT. OpenLuck Integrates Chainlink, digital artists and other sellers can list their NFTs for sale in a range of different tokens and make it easier for users to purchase tickets.

They chose Chainlink as 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.

Selecting Lucky Draw Winners With Chainlink VRF

Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. In addition, Lucks Trading 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.

“Chainlink trust-minimized services are essential for our NFT marketplace. By integrating Chainlink Keepers, Price Feeds, and VRF, we’re able to enhance the security of our crowdfunding feature, NFT prices, and lucky draw.” — Kevin, CMO of OpenLuck

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. It 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. This project 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.

Website | Twitter

About OpenLuck

OpenLuck is a decentralized Cross-Chain NFT marketplace on the BNB Chain which is full of innovation and creativity.

By using the world’s first Lucks Trading model, it lowers the barriers to participate which is more friendly for users. Therefore, Users only need to pay for an extremely low cost on BNB Chain then can have the opportunity to win the valuable NFTs on Ethereum and BNB Chain.

Website | Twitter

SOURCE:

https://medium.com/@openluck/openluck-integrates-chainlink-keepers-price-feeds-and-vrf-to-help-power-lucks-trading-b0355a2aea5a

The post OpenLuck Integrates Chainlink appeared first on Smart Liquidity Research.