PulseMoon Integrates Chainlink Price Feeds to Support Calculation of MoonPad IDO Allocations
We’re really excited and proud to announce that Moonpad—PulseMoon’s launchpad—has integrated Chainlink Price Feeds on Binance Smart Chain mainnet. By integrating the industry-leading decentralized oracle network, MoonPad has access to high-quality, tamper-proof price feeds needed to help ensure that the exchange rate of user deposits reflects current fair-market prices. This will provide our users with stronger assurances that IDO allocations in MoonPad are calculated using secure, tamper-proof market data.
PulseMoon will use Chainlink Price Feeds for BNB, PLS, and stablecoins to correctly determine the required deposits for IDO allocations. For example, if someone is eligible for a $1,000 allocation, Chainlink Price Feeds will help determine how much BNB or PLS they need to deposit to receive the $1,000 allocation.
We chose Chainlink as our go-to oracle solution because their 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.
PulseMoon’s MoonPad is a decentralized presale and IDO platform on Binance Smart Chain that is also going to be launched on PulseChain. The project aims to address some issues currently facing DeFi by helping the community analyze premium projects and make it a safer endeavor for everyone to engage in. The platform is built to make it easy for promising projects to launch on Binance Smart Chain (BSC) and PulseChain (PC) to engage in trustless token sales and to efficiently lock liquidity.
Chainlink is the blockchain industry’s most widely used and time-tested oracle network, enabling the development of auto-executing smart contracts based on off-chain data, events, and computations. In particular, Chainlink Price Feeds ensure our platform is always referencing the most up-to-date global exchange rates when performing key on-chain actions like distributing IDO allocations to users.
After searching through a wide range of oracle solutions, we decided to move forward with Chainlink Price Feeds due to its superior set of features:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
We look forward to driving the PulseMoon ecosystem to new heights with this integration. We are also looking into future integrations of other Chainlink services like Chainlink VRF with the goal of advancing our overall growth, development, and platform security.
Be on the lookout for more updates and other notable developments happening in the PulseMoon Community.
“Chainlink Price Feeds enable the accurate and reliable pricing of on-chain assets and are known to be hyper-reliable and tamper-proof. We look forward to exploring more integrations of Chainlink services in the future as we continue to expand our ecosystem,” stated PulseMoon founder Lloyd Laz Leter.
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.
Welcome to PulseMoon founded by Lloyd & Kenza, not only business partners but also husband and wife. PulseMoon is a community-driven platform that promotes global financial wellbeing by empowering the youth to be in control of their money and create their own wealth opportunities.
It began with a simple token, and now have grown into an ecosystem.