WigoSwap Integrates Multiple Chainlink Services To Support On-Chain Prediction Mini-Game
We’re excited to announce that we have integrated Chainlink Automation and Chainlink Price Feeds into our on-chain Prediction mini-game on Fantom mainnet. We’re also integrating Chainlink Verifiable Random Function (VRF) to help underpin our upcoming Lottery feature with a transparent source of randomness.
We are leveraging Chainlink Automation to help securely and cost-efficiently trigger rounds in our on-chain Prediction mini-game, where users can predict if the price of FTM/USD will be higher or lower than it was when the round started. We’re also using Chainlink Price Feeds to help settle the prediction rounds based on tamper-proof price data. As a result, WigoSwap can introduce more security and reliability to the Prediction mini-game, ultimately making it more fun to play for our users. We’re also integrating Chainlink VRF to help select lucky winners in our upcoming Lottery game.
WigoSwap is an integrated DeFi platform on the Fantom network, including products such as a decentralized exchange (DEX) with very low transaction fees (0.19%), farming and staking pools, a user profile system (WigoGalaxy), a unique referral system, the Predict mini-game, an NFT marketplace, and other exciting products, available to users on the Fantom network with a simple, understandable, and clean user interface and exceptional user experience. We provide users with unique DeFi services with very high speed and low fees.
Chainlink Automation is a decentralized service purpose-built to manage on-chain tasks on behalf of smart contracts. Chainlink Automation leverages decentralized, hyper-reliable, and economically incentivized automation nodes to wake up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals (e.g. every day at the same time) or based on external events (e.g. when an asset hits a specific price).
We decided to use Chainlink Automation to help trigger our prediction rounds because it is the most reliable Web3 automation service. The Chainlink Automation Network is operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars in DeFi, even during record levels of network congestion and extreme volatility. The proven infrastructure of Chainlink helps ensure that every prediction round is executed on time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended.
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, we’re able to explore new use cases and unlock capabilities that would otherwise not have been possible.
“We are pleased to integrate multiple Chainlink services to bring new functionality to our platform and enhance the user experience. Chainlink Automation is the most battle-tested automation service in DeFi, and it will undoubtedly increase the reliability of our on-chain prediction minigame.” — Aaron, Founder at WigoSwap.
About Chainlink
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About WigoSwap
WigoSwap is an all-in-one suite where you can enjoy the benefits of DeFi in an accessible and usable way while having fun and earning by participating in games and contests. WigoSwap’s comprehensive Web3 platform provides DeFi services including DEX, Yield Farming, and Staking, with the lowest transaction fees in the Fantom ecosystem (only 0.19%).
