KANSAS CITY, MO / ACCESSWIRE / December 20, 2021 / Taking another stride forward, FLOKI integrates Chainlink Price Feeds into its system for smooth entry into the DeFi.
FLOKI, known as the people's cryptocurrency, is a project that aims to disrupt the industry by providing people with reliable utility while simultaneously leveraging on memes to ensure that it captures attention on a global scale. FLOKI's user base is continually growing, reaching over 350,000 holders, and is making its way to belong among the top cryptocurrencies in the world.
By integrating itself to Chainlink Price Feeds on the ETH and BSC blockchains, FLOKI gets access to high-quality, tamper-proof price feeds needed to read an accurate on-chain price. This facilitates essential integrations that will help the cryptocurrency bring DeFi to as many people as possible, paving the way for more ordinary investors to make their way into the crypto landscape. The integration will provide users with confidence from the assurance that they are receiving tamper-proof, up-to-date, and precise market data at all times.
"Our integration of Chainlink Price Feeds is an important step in FLOKI's DeFi journey," shared MrBrown Whale, the Core Strategist at FLOKI. "We now have access to high-quality pricing data, helping us to facilitate essential integrations that will support FLOKI's DeFi utility," he added further.
Chainlink is an industry-leading portal for services investors need to power hybrid contracts on any blockchain. The umbrella of oracle networks connects smart contracts with any external API, leveraging the strengths of off-chain computations for accurate results. Chainlink has secured tens of billions of dollars across the DeFi, insurance, gaming, and other major industries.
FLOKI chose Chainlink as its official oracle solution because of its seamless infrastructure, integrating processes faster than any other oracle solution available today. Moreover, even amidst unexpected circumstances, such as exchange downtime, flash crashes, and data manipulation attacks through flash loans, Chainlink remained strong in terms of security, increasing its credibility even more.
In addition, FLOKI outlined several other features that pushed them to choose Chainlink Prices Feeds. The oracle solution boasts high-quality data from numerous premium data aggregators, which generates more accurate global market prices than others. Chainlink also has secured node operators. Its shield is fueled by independent, security-reviewed, and Sybil-resistant oracle nodes with long-standing records of reliability even during pressure. FLOKI also commended Chainlink for being a decentralized network and its reputation system.
Partnering with an oracle solution with high-security standards, FLOKI assures its users that the prices obtained for their transactions are accurate and safe. Chainlink also paves the way for a smooth transaction process between buyers and sellers.
"Part of our strategic plan for ensuring utility and wide appeal involves providing DeFi access to FLOKI users," shared a company representative. "This will be done through smart, strategic partnerships with key industry players as well as the eventual launch of our own DeFi products as we develop the FLOKI ecosystem."
Furthermore, FLOKI has developed a play-to-earn NFT game called Valhalla, set on the metaverse. Its partnership with Chainlink will also ensure accurate price feed into its treasury for battle or quest rewards and other unique play-to-earn features.
On top of integrating Chainlink Feeds Price, FLOKI Has also partnered with Shopping.io. The cryptocurrency can now be used for e-commerce transactions on Amazon, eBay, Walmart, Home Depot, Etsy, and, eventually, AliExpress. Read more about the story here.
SOURCE: Floki Ltd.
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