DangerMoon Integrates Chainlink VRF to Securely Select Prize Pool Winners
We’re excited to announce that DangerMoon — where five percent reflection fees are distributed to random lucky winners — has integrated Chainlink Verifiable Random Function (VRF) on the Binance Smart Chain mainnet. By integrating Chainlink’s industry-leading decentralized oracle network, we now have access to a tamper-proof and auditable source of randomness needed to select a random entrant in the reflection system to be the lucky winner. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users get a fair chance to win an unlimited amount of DangerMoon!
DangerMoon — like SafeMoon, but reflection fees are awarded to a single random address. Buying DangerMoon grants you a never-ending chance to win all future prize pools, and the tokens themselves can appreciate in value.
How it works:
Five percent of every buy and sell is collected into a prize pool. So long as the contract holds LINK, the entire prize pool is distributed to one random lucky holder’s address. If LINK doesn’t exist, the prize pool accumulates until someone chooses to donate LINK to the contract. At most, there can be a payout every 50 seconds until there is no more LINK. Because anyone can donate LINK, the community gets to choose between frequent small payouts or infrequent large payouts! Each payout costs 0.2 LINK, and at least this much must be donated to manually trigger a payout.
Why is Chainlink necessary?:
In order to select a random winner from all of the entrants in our reflection system, we need access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions using on-chain data like block hashes can be exploited by blockchain miners, while off-chain RNG solutions like traditional data providers are opaque and don’t provide users with definitive proof about the integrity of the process.
After reviewing various solutions, we selected Chainlink VRF because it’s based on cutting-edge academic research, supported by Chainlink’s time-tested oracle infrastructure, and secured through the generation and on-chain verification of cryptographic proofs. This guarantees the integrity of each random number supplied to smart contracts.
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. The DangerMoon 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. This provides our users with automated and verifiable assurances directly on-chain that DangerMoon is provably fair. Furthermore, users can be assured that the contract’s randomness cannot be tampered with by the oracle, outside entities, or the DangerMoon team.
“We selected Chainlink VRF for its ease of use, widely recognized name, and battle-tested smart contracts. It gives our users peace of mind that the distributions are fair and that no one can exploit them.” — Jason Hall, DangerMoon founder
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link, subscribe to the Chainlink newsletter, and follow @chainlink on Twitter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper.
Like SafeMoon, but reflection fees are randomly distributed to lucky winners.
Community-owned currency with verifiably fair, random distributions.
Learn more: https://www.dangermoon.io/