Establishing Chainlink As the Recommended Oracle Solution for BSCPad Projects
The BSCPAD team is happy to announce that BSCPad — a launchpad and accelerator for projects deploying on Binance Smart Chain (BSC) — will establish Chainlink as the recommended oracle solution for all future projects launched on our platform.
As an emerging player in the launchpad space, we are incubating and advising projects that cover a vast array of use cases. Many of these use cases require high-quality, decentralized oracle services to become fully functional and establish robust security guarantees of user’s funds. As the most widely used, time-tested, and fully featured oracle solution in the market, we will be recommending Chainlink as the oracle solution for BSCPad-supported projects, setting them up for success by establishing the strongest foundational infrastructure to support their applications.
Chainlink is by far the most widely adopted oracle solution in DeFi, providing highly secure and reliable price data to smart contracts on many of the leading blockchains, including native oracle support already available on BSC. Chainlink offers a wide range of oracle services that allow developers to interact with off-chain resources. Most notably through its Price Feeds, which supply DeFi developers with up-to-date asset prices needed to perform on-chain actions like issue loans, check liquidations, swap synthetic assets, offer multiple payment options, and more. Chainlink also supports several other oracle solutions that we can help teams explore such as Chainlink VRF for provably fair randomness, Proof of Reserve for verifying off-chain reserves, and the ability to call any API to get information like weather forecasts, gaming results, and sports data.
As part of our work together, Chainlink can help our clients launch oracle-enabled products in an accelerated yet secure manner. This includes identifying ways to increase the security and/or performance of a product’s oracle architecture, as well as assisting teams during the integration process to streamline onboarding and establish best security practices. By doing so, teams will be able to get their projects to market quicker while still ensuring they are thoroughly vetted. Additionally, the Chainlink ecosystem will benefit by getting a steady stream of new projects that leverage Chainlink oracle services, contribute to the network’s tooling and development, and share in the network costs by paying user fees into pools that cover oracle services collectively used by many projects.
BSCPad Co-founder Godzilla stated: “Establishing Chainlink as the go-to oracle solution for BSCPad projects will set them up for success, both by leveraging the most secure and flexible oracle infrastructure and receiving support from oracle domain experts. With oracles becoming foundational to most smart contract applications, we’re thrilled to provide an easy pathway for our clients to leverage Chainlink, ultimately leading to more successful launches throughout the BSCPad ecosystem.”
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds. To learn more, visit chain.link, subscribe to the Chainlink newsletter, and follow @chainlink on Twitter.
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