Sugandese Tokens Uses Chainlink Verifiable Random Function to Distribute Lootbox Prizes
By: Minister of Propaganda, Sugandese Tokens
Sugandese Tokens — creators of the PolyWantsACracker, Stadium Arcadium, Darkside Finance, and Stone Temple Binance platforms — are using the Chainlink Verifiable Random Function (VRF) in their innovative Lootbox distribution mechanism. The integration of Chainlink VRF makes it possible for a digital card pack-opening game to distribute valuable tokens or desirable NFTs based on tamper-proof, provably fair randomness.
The Lootbox contract, audited by Paladin Blockchain Security, accepts payment for an entry and then randomly gives the player a pack of three “cards.” The rarest cards have a high value, either in NFTs or cryptocurrency tokens. Payment can be in either stablecoins (e.g., USDC) or the Sugandese platforms’ native tokens, meaning that Lootbox runs can function as either a normal fundraiser/promotion or as a fun indirect buyback mechanism for tokens.
The Lootbox contract uses Chainlink VRF to provide the randomness that determines the Lootbox prizes. The Chainlink VRF was developed on the basis of leading academic research, has solid documentation, and is the most time-tested infrastructure of its kind in the industry. Importantly, its random number generation process is fully auditable using both open-source code and on-chain cryptographic proofs.
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 Lootbox smart contract will only accept the randomized numeric input if it is accompanied by a valid cryptographic proof, which can only be generated if the VRF process is tamper-proof. This helps provide our users with automated, verifiable on-chain assurances that the Lootbox results are provably fair and not tampered with by the oracle, outside entities, or the Sugandese Tokens team.
The Sugandese Tokens platform allows staking of NFTs in regular pools to receive dual token staking benefits, imparting additional value to the Lootbox contents. “This concept of digital rarity management was modeled after usage in successful games such as Hearthstone and League of Legends, so we strongly believe that it will be popular and successful. Chainlink VRF provides a reliable solution to introduce randomness into blockchain games,” explained Benjamin Rich aka Kurt Cobain, PhD, the Game Theoretician of Sugandese Tokens.
To the extent that the Lootbox facilitates sales of in-house NFTs, it can generate profits that are distributed to token holders via the Sugandese platforms’ dividend policy: 75% of farm deposit fees and 50% of all other platform revenue are distributed directly to stakers in the ownership token pool, and 25% of deposit fees and the other 50% of platform revenue support the farm token. Therefore, Sugandese Tokens’ team is motivated to develop other contracts that generate operating income for the platform. Various game offerings may open up new types of marketing opportunities and bring in a large number of new users. Many of these income-producing dApps will incorporate provable randomness provided by Chainlink VRF.
Sugandese Tokens looks forward to continuing with its Chainlink integration, as Chainlink VRF provides a convenient, low-cost method to obtain provably random results that incorporate outside information to prevent blockchain security issues. This level of security is appreciated by Sugandese Tokens’ thousands of active users, who have real value at stake.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink 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 Sugandese Tokens
Sugandese Tokens has rapidly become one of the largest yield farming and dApp platforms on Polygon Network. The platform’s all-new concept of user ownership, which distributes an incredibly large amount and percentage of platform revenue, aligns incentives between creators and users, and motivates the implementation of contracts that generate profit for the ecosystem. The third farming layer’s all-new features include an on-chain OTC engine, NFT staking, the Lootbox contract, and various games. The platform is expanding to new blockchains, with expansion to Binance Smart Chain and elsewhere rewarding current owners with additional tokens.
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