With the rise of community-led deflationary tokens, many communities have self-organized “burn events”. The burn event uses the community’s social networks to organize large groups of token holders to voluntarily send some of their tokens to a dead wallet address.
The organization is time-consuming, difficult to track, and not on the blockchain or automated. There have also been a lot of examples where the token burn was used as an excuse to deceive investors. Developers can claim to burn tokens when they’re actually sending those tokens to a wallet they control.
Burn.Party, created by ELONGATE, is a decentralized multi-chain community token burn platform that solves these issues by creating a central hub for a community to support a token burn of their choice. For every successful burn party that results in a token burn, a meal for every contributor in that burn party is donated via ShareTheMeal, or a food drive is carried out by using ELONGATE’s vast network of volunteers.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compiance, and pirvacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world's largest financial services institutions have also adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
